Dublin, Dec. 22, 2023 (GLOBE NEWSWIRE) -- The "Sickle Cell Disease Treatment Market Size, Share & Trends Analysis Report By Treatment (Blood Transfusion, Bone Marrow Transplant), By End-use (Hospitals, Specialty Clinics), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global sickle cell disease treatment market size is expected to reach USD 9.63 billion by 2030, growing at 32.33% CAGR from 2023 to 2030. Several factors including increased investments in R&D, a growing target population, increasing awareness programs, and favorable government initiatives are anticipated to drive the growth. According to the European Sickle Cell Federation, around 70 thousand people are living with sickle cell disease (SCD) in Europe.
The introduction of noninvasive, technologically advanced, and digital technologies to facilitate the detection of SCD is set to assist in overcoming the barriers associated with targeted sickle cell diagnosis and treatment management. Presently developed POC devices are based on methodologies such as densitometry, lateral flow immunoassay, and microfluidic electrophoresis. The increase in the diagnosis rate of disease will further facilitate growth.
Available treatments for sickle cell disease usually provide symptomatic relief and palliative care. These treatment methods generally include blood transfusions, bone marrow transplants, and pharmacotherapy. However, a bone marrow transplant is the only potentially curative treatment recommended only to a small percentage of patients. Moreover, increasing approval of novel drugs such as Oxbryta by Global Blood Therapeutics, Inc.;Endari by Emmaus Medical, Inc.; and PYRUKYND by Agios Pharmaceuticals, Inc. is expected to drive the market growth.
Increasing collaborations between market players and government and non-government organizations are anticipated to fuel market growth over the forecast period. For instance, in February 2021, Novartis AG and Bill & Melinda Gates Foundation collaborated to develop novel gene therapy for sickle cell disease. According to the agreement, Bill & Melinda Gates Foundation will provide funding to support the development of novel therapy to cure SKD.
High-unmet medical needs, a strong pipeline, and a growing patient pool are key factors expected to influence market growth. In recent years, demand for cost-effective drugs and gene therapies for sickle cell anemia has increased owing to the unavailability of a permanent cure and the risks associated with bone marrow transplants. Companies such as bluebird bio, Inc.; Bellicum Phamaceuticals, Inc.; and Gamida Cell are actively involved in the development of new effective gene therapies for sickle cell disease treatment, which is expected to increase the treatment rate in the coming years.
Expected launches of late-stage pipeline drugs such as voxelotor, crizanlizumab, Altemia, and rivipansel are projected to drive the sickle cell disease industry during the forecast period. Healthcare initiatives undertaken by respective economies are crucial for curbing the financial burden of the disease as well as for increasing access to healthcare facilities and providing various services for early diagnosis, subsequent treatment, and palliative care.
Sickle Cell Disease Treatment Market Report Highlights
- Based on treatment, the blood transfusion segment dominated the market in 2022. The high number of procedures and mostly adopted therapeutic options to manage SCD support the segment share
- Based on end-use, the hospital segment held the largest market share in 2022 as hospitals served as primary centers for treatment and diagnosis of the disease
- North America dominated the global market with a share of more than 38.03% in 2022, whereas the Asia Pacific region is projected to grow at the fastest CAGR over the forecast period
- Key market players are undertaking several strategies such as new product development, mergers & acquisitions to increase their market share over the forecast period
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 120 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.02 Billion |
| Forecasted Market Value (USD) by 2030 | $9.63 Billion |
| Compound Annual Growth Rate | 32.3% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Report Scope and Objectives
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Sickle cell disease treatment Market Dynamics
3.2.1 Market Driver Analysis
3.2.1.1 Increasing prevalence of disease
3.2.1.2 Awareness programs and services
3.2.1.3 Presence of reimbursement policies
3.2.2 Market Restraint Analysis
3.2.2.1 Adverse effects and risks related to the treatment procedure
3.3 Sickle cell disease treatment Market: Business Environment Analysis Tools
3.4 Penetration & Growth Prospect Mapping
3.5 Impact of COVID-19 on the sickle cell disease treatment market
Chapter 4 Sickle Cell Disease Treatment Market: Treatment Analysis
4.1 Sickle Cell Disease Treatment Treatment Market Share Analysis, 2018 & 2030
4.2 Sickle Cell Disease Treatment Treatment Market: Segment Dashboard:
4.3 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Treatment Segment
4.3.1 Bone Marrow Transplant
4.3.2 Blood Transfusion
4.3.3 Pharmacotherapy
Chapter 5 Sickle Cell Disease Treatment Market: End-use Analysis
5.1 Sickle Cell Disease Treatment End-use Mode Market Share Analysis, 2020 & 2028
5.2 Sickle Cell Disease Treatment End-use Mode Market: Segment Dashboard
5.3 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the End-use Mode Segment
5.3.1 Hospitals
5.3.2 Specialty Clinics
5.3.3 Others
Chapter 6 Sickle Cell Disease Treatment Market: Regional Analysis
Chapter 7 Competitive Analysis
- Novartis
- Pfizer
- bluebird bio
- GlycoMimetics
- Emmaus Medical
- Bristol-Myers Squibb
- CRISPR Therapeutics
- Graphite Bio
For more information about this report visit https://www.researchandmarkets.com/r/uwlgkx
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