New report on Hemophilia Treatment is a hereditary genetic disorder which impairs body’s ability to control coagulation or blood clotting. In this disease, clotting factors control bleeding from a broken vessel is deficient; therefore, coagulation does not occur. Of the two types of hemophilia, hemophilia A has higher prevalence compared to the other variant hemophilia B. . Acquired hemophilia is a rare non genetic form of hemophilia in which autoantibodies develop against the plasma coagulation factor. The development of novel coagulating factors and technological advancements are driving the growth of this market. Lack of available medicines, awareness of this disease and high cost of treatment are the major restraining factors in this market. The advancements in gene therapy and approaching approval of drugs for treatment of hemophilia provide growth opportunities in this market.
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On the basis of type of hemophilia, this market can be classified into hemophilia A and hemophilia B. The market for hemophilia A is largest due to high prevalence rate of this variant of hemophilia.On the basis of medicines used for treating hemophilia, this market is classified into octocogalfa, nonacogalfa, desmopressin and others. Many market players are focusing on gene therapy and there are many drugs in pipeline awaiting approval.
The major market players contributing to this market are Bayer AG, Pfizer Inc., Baxter International Inc. Biogen Idec, Inc. and Swedish Orphan Biovitrum AB. The companies are focusing on approval of their drugs that are in the pipeline for treating hemophilia. The report analyzes global hemophilia treatment market using Porter’s five forces model. Porter’s model explains the constitution of industry and helps in analyzing the bargaining power of buyers and suppliers. In this market, high initial capital investment may be a threat for new entrants.
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