Thalassemia Market Growing at a Favorable Rate from (2021-2031): Rising Investments in the Healthcare Sector

13 Jul 2022
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The global thalassemia market is projected to grow at a favorable rate from 2021 to 2031 (forecast period). The expanding population, increased need for improved curative gene treatments, and increased awareness of existing treatment choices are the primary aspects expected to drive the worldwide thalassemia market during the forecast period. As per the World Health Organization (WHO), thalassemia affects around 4.4 out of every 10,000 live births worldwide. Moreover, around 5% of the world's population has a polymorphism in the beta or alpha region of the hemoglobin molecule. Furthermore, an increase in the development of pipeline pharmaceuticals and innovative therapeutics, together with research and development, is projected to boost the global thalassemia market. In addition, rising investments in the healthcare sector are likely to create revenue-generation opportunities in thalassemia market throughout the forecast period. Thalassemia Market – Competitive Landscape Leading players in the thalassemia market are Bluebird Bio, Novartis AG, Bellicum Pharmaceuticals, Acceleron Pharma, Inc., ApoPharma Inc, IONIS Pharmaceuticals, SG Pharma Pvt. Lmt, Kiadis Pharma, and Lonza Group Ltd. Market players are adopting marketing methods such as technological developments, collaborations, acquisitions, investments, and R&D activities to widen their international presence. Moreover, several innovative gene treatments with improved mechanisms of action are now in late-stage studies to meet the significant unmet demand for thalassemia therapy. GET BROCHURE OF THE REPORT Thalassemia Market – Trends and Opportunities The global thalassemia market is expected to gain from a spike in the number of clinical trials for thalassemia treatment alternatives. Moreover, the increase in thalassemia prevalence and the development of thalassemia pipeline drugs are projected to fuel the thalassemia market growth. Furthermore, factors such as the expanding market for blood transfusion therapy and bone marrow transplant, an uptick in the number of transfusion-dependent patients, and the development of accessible therapeutic solutions for thalassemia are anticipated to boost the global thalassemia market. In addition, an upsurge in healthcare spending, a rise in demand for improved curative gene therapy, and an increase in expenditure on stem cell therapy research are some of the main factors expected to promote the growth of the thalassemia market during the forecast period. The hospital segment is projected to witness significant growth in the worldwide thalassemia market during the forecast period. This is mostly due to an increase in hospital admissions for thalassemia therapy. Moreover, the increased incidence of thalassemia is expected to fuel segmental market growth. The labs segment, on the other hand, is likely to experience considerable growth during the projection period due to rising public awareness of thalassemia therapy. GET TABLE OF CONTENT OF THE REPORT Thalassemia Market – Regional Landscape The North America thalassemia market is anticipated to develop during the forecast period. The high incidence of thalassemia patients in the area, the existence of prominent players, and the developed healthcare infrastructure are some of the key reasons expected to boost the regional market growth. Moreover, positive government efforts and a rise in the number of research collaborations are likely to fuel market expansion. The United States is projected to be the largest revenue generator in thalassemia market due to increased knowledge of the disorder, a growing number of populations with the thalassemia carrier gene, and an increase in birth rates due to genetic heterogeneity within the population. The thalassemia market in Asia Pacific is likely to expand during the forecast period. The rising number of thalassemia patients and higher government spending on the healthcare system are the primary factors anticipated to propel the regional market in the upcoming years. Moreover, developing countries such as China and India are expected to contribute to the thalassemia market in Asia Pacific during the forecast period. GET DISCOUNT ON THE LATEST REPORT TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others. 5-Point Growth Formula The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs. The 5-point growth formula includes the following points: Current and Future Threats Accurate Trend Analysis Regional Assessment Industrial Analogy COVID-19 Impact Current and Future Threats Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats. Accurate Trend Analysis Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues. Regional Assessment Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market. Industrial Analogy The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation. COVID-19 Impact The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly. The reports offer answers to the top 7 questions that revolve around the growth of the market What are the diverse growth parameters influencing the market? Which regions will contribute largely to the growth of the market What are the recent innovations and technological advancements in the market? What are the emerging trends across the market? How has COVID-19 affected the market? What will be the post-pandemic scenario of the market? What are the major threats that will dent the growth prospects of the market? About TMR Research TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends. 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