Global Thalassemia Marketis expected to rise from its initial estimated value of USD 1.99 billion to a projected value of USD 4.36 billion by 2026, registering a CAGR of 10.29% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing concern and awareness regarding the disease globally.

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Few of the major competitors currently working in the thalassemia market are ApoPharma Inc.; Novartis AG; Teva Pharmaceutical Industries Ltd.; Fresenius Kabi AG; Pfizer Inc.; bluebird bio, Inc.; Acceleron Pharma, Inc.; Incyte Corporation; Kiadis Pharma; Gamida Cell; CELGENE CORPORATION; GlaxoSmithKline plc; Ionis Pharmaceuticals, Inc.; Vifor Pharma; La Jolla Pharmaceutical Company; Lonza and Sangamo Therapeutics.

Major Insights of the Report

Key Developments in the Market:

In April 2019, CELGENE CORPORATION and Acceleron Pharma, Inc. announced that CELGENE had submitted a Biologics License Application (BLA) for luspatercept with the U.S. F.D.A. (United States Food & Drug Administration). This will help in faster commercialization and development of drugs for patients suffering from blood diseases. In January 2019, Vifor Pharma announced positive results from their phase-I trial of VIT-2763 an oral ferroportin inhibitor. The drug being developed for transportation of iron from one cell to another has shown signs in reduction of serum iron in a dose-dependent state. COMPETITIVE ANALYSIS: Global thalassemia market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of thalassemia market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers

Increasing prevalence of the disease globally without any viable treatment options available for curing the disease; this factor is expected to drive the market growth Growth in development of pipeline drugs and development of new therapies because of R&D activities and investments by the various authorities; this factor is expected to drive the market growth

Market Restraint

Lack of viable treatment options commercialized for the treatment of disease/disorder rather than the symptoms associated with the disease; this factor is expected to restrain the market growth High cost of treatment for the disorder is expected to act as a restraint to the market growth

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Segmentation: Global Thalassemia Market

By Thalassemia Type

Alpha Thalassemia Beta Thalassemia

By Therapeutic Class

Iron Chelating Drugs Exjade/Jadenu (deferasirox)

By Pipeline

Gene Therapy LentiGlobin

By End-User

Hospitals Clinics Research Institutes Laboratories

By Geography

North America South America Europe Asia-Pacific Middle East & Africa

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Global Thalassemia Market 2020: Potential Growth, Challenges, and Know the Companies Listed-Novartis AG; Teva Pharmaceutical Industries Ltd.;...