Thalassemia Therapeutics Market Witnessing High Growth on Account of Rising Anaemia and Malaria

Transparency Market Research has published a new report, titled “Thalassemia Therapeutics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.” Thalassemia is a kind of hereditary blood disorder where an abnormal haemoglobin is created by the human body and this results in the loss of large blood cells which causes anaemia. Thalassemia refers to a genetic disorder and is a result of genetic deletion or mutation of a particular gene. The Offspring may have minor thalassemia if  only one parent is carrying the gene but if both the parents carry the gene then there are high chances of the offspring having a serious form of anaemia. In total there are three kinds of thalassemia, eg, beta thalassemia, alpha thalassemia, and thalassemia minor, and their treatment varies according to the seriousness. When a patient is infected with beta thalassemia, his body is unable to generate beta globulin. Beta and alpha thalassemia are more dangerous than  thalassemia minor. A few symptoms of this are dark urine, pale skin, frequent fatigue, bone deformities.

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During the assessment period, the global thalassemia therapeutics market is  predicted to grow at a significant rate. According to the World Health Organization, the existence of anaemia is higher in malaria endemic places. In some places, the existence of the disease has become a public issue. Growing awareness, along with improvements and technologies like stem cell therapy, increased expenditure in healthcare, and promising pipeline is predicted to carry forward this market during the years 2017 to 2025. Plus, the government has undertaken initiatives that create awareness of thalassemia and this is predicted to drive the growth of this market in the years to come, eg- registry and surveillance system for hemoglobinopathies (RUsH) , which collects information from affected ones. RUsH was a result of collaboration with Centers for Disease Control and prevention (CDC) in 2010. Although, expensive treatments, lacking awareness in developing economies, as well as the absence of medical coverage can hamper this market during the assessment period.

This market is divided on the basis of drug class, type, region, and distribution channel. On the basis of type, this market is divided into beta thalassemia, alpha thalassemia and thalassemia minor. The beta thalassemia division is predicted to hold the largest share of this market during the years 2017 to 2025, because of higher prevalence in comparison to other forms and high seriousness. On the basis of drug class, this market is divided into chelating agents, antidotes, antimetabolites, as well as others. On the basis of distribution channel, this market is segmented into drug stores and eCommerce, and retail stores. The e-commerce sector is predicted to have a significant market share towards the end of 2025.

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Thalassemia Therapeutics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025

Thalassemia is a type of hereditary blood disorder in which an abnormal form of hemoglobin is produced by the human body. It leads to destruction of a large number of blood cells, resulting in anemia. Thalassemia is a genetic disorder and it is caused by genetic mutation or deletion of a specific gene fragment. If only one parent is the carrier of the gene, the offspring may develop thalassemia minor. If both parents are carriers of the disease, there is a possibility of developing a serious form of the disease. There are three types of thalassemia viz. beta thalassemia, alpha thalassemia, and thalassemia minor. The treatment of the disorder depends on its severity and type. In beta thalassemia, the body cannot produce beta globulin. The patients with beta and those with alpha thalassemia manifest more severe symptoms as compared to thalassemia minor. Some of the common symptoms are bone deformities, dark urine, pale skin, and excessive fatigue.

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The global thalassemia therapeutics market is estimated to expand at a significant rate during the forecast period. According to the WHO, prevalence of the disease is high in malaria-endemic regions. In some regions, prevalence of the disease has reason to become a public concern. This is one of the major factors likely to drive the global thalassemia therapeutics market during the forecast period. Rise in awareness, advancements in technology such as stem cell therapy, increase in health care expenditure, and promising pipeline are some of the other factors expected to drive the global thalassemia therapeutics market between 2017 and 2025. Furthermore, government initiatives to create awareness about thalassemia are expected to drive the market in the next few years. An example of such initiatives is Registry & Surveillance System for Hemoglobinopathies (RuSH), which collects specific information from thalassemia patients. It was started in collaboration with Centers for Disease Control and Prevention (CDC) in 2010. However, high cost of treatment, lack of awareness in some developing countries, and lack of medical coverage can restrain the thalassemia therapeutics market during the forecast period.

The global thalassemia therapeutics market can be segmented based on type, drug class, distribution channel, and region. Based on type, the market can be divided into beta thalassemia, alpha thalassemia, and thalassemia minor. The beta thalassemia segment is expected to hold the leading share of the market from 2017 to 2025, due to its higher prevalence compared to other types and high severity. Based on drug class, the global thalassemia therapeutics market can be classified into antimetabolites, antidotes, chelating agents, and others. Based on distribution channel, the market has been divided into retail stores, drug stores and e-commerce. The e-commerce segment is expected to hold a significant market share by 2025, owing to user convenience.

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