LONDON--(EON: Enhanced Online News)--According to the latest market study released by Technavio, the global factor VIII deficiency treatment market is projected to grow to USD 11 billion, at a CAGR of close to 6% over the forecast period.
“Prophylaxis is the largest segment of the factor VIII deficiency treatment market, generating over 52% of the overall revenue. The treatment involves the steady infusion of clotting factors in patients to maintain their levels at 1% or higher at all times”
This research report titled ‘Global Factor VIII Deficiency Treatment Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The Americas is projected to generate the highest revenue and maximum incremental growth in the global factor VIII deficiency treatment market over the forecast period. The high quality of the healthcare sector catering to the requirements of a large number of hemophilia patients in the region is responsible for the growth of the regional segment.
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Based on disease management, the report categorizes the global factor VIII deficiency treatment market into the following segments:
- On-demand therapy
- Inhibitor therapy
“Prophylaxis is the largest segment of the factor VIII deficiency treatment market, generating over 52% of the overall revenue. The treatment involves the steady infusion of clotting factors in patients to maintain their levels at 1% or higher at all times,” says Sapna Jha, a lead analyst at Technavio for infectious and rare diseases research.
Physicians consider factors such as age, venous access, the status of joints, and bleeding symptoms to design this treatment approach. Prophylactic treatment is highly preferred by both patients and healthcare professionals as it is very cost-effective. It is applied based on either the Malmo protocol or the Utrecht protocol.
On-demand therapy accounts for nearly 28% of the global factor VIII deficiency treatment market. This treatment route is suitable when bleeding needs to be arrested as soon as it begins and prevents its spread to joints and muscles. The slow acting on-demand hemophilia therapeutics for disease management finds significant market opportunities in emerging economies, where market penetration is increasing steadily. Desmopressin is one of the important drugs prescribed for on-demand therapeutics for the immediate control of bleeding in factor VIII deficiency.
Inhibitors are antibodies that are developed in hemophilia A patients with factor VIII, which is recognized as a foreign substance. They are developed in the body following the treatment for hemophilia A in nearly 30% of the patients.
“Inhibitor therapies involves a combination of high-dose clotting factor concentrate, bypassing agent, and immune tolerance induction therapies. This market segment currently occupies 20% of the global market share, with the highest growth expected from emerging economies,” says Sapna.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Bayer Healthcare
- Novo Nordisk
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