PUBLISHER: Market Research Future | PRODUCT CODE: 1536753
PUBLISHER: Market Research Future | PRODUCT CODE: 1536753
Sickle cell anemia market research report information for the APAC, MENA, and Africa regions By End User (Hospitals, Specialty Clinics, and Others), by Treatment (Pharmacotherapy, Blood Transfusion, Bone Marrow Transplant, and Gene Therapy), and by Region - Forecast to 2032
An Overview of the Market
During the review period, it is anticipated that the Sickle Cell Anemia Market in APAC, MENA, and Africa will experience a significant CAGR of 14.77%. A genetic disorder that predominantly affects red blood cells is Sickle Cell Anemia. It results from a mutation in the HBB gene, which results in the production of hemoglobin S, an abnormal form of hemoglobin. As a result, red blood cells become unyielding and sickle-shaped, which can impede blood flow and lead to a variety of health complications.
Major factors driving the growth of the APAC, MENA, and Africa are the increasing prevalence of sickle cell anemia, the growing government support and policies associated with it, and the resulting demand for drug treatment. However, the market's expansion is anticipated to be constrained by the exorbitant cost of bone marrow transplants and the adverse effects of pharmacological treatment. Nevertheless, the government is generating lucrative opportunities for the players operating in the APAC, MENA, and Africa market by forming partnerships with manufacturers to produce affordable sickle cell disease medications and advancements in treatment options.
Market segmentation
The sickle cell anemia market in APAC, MENA, and Africa is segmented into hospitals, specialty clinics, and other types of facilities, depending on the end user. The specialty clinics segment is anticipated to become the fastest-growing segment during the forecast period of 2023-2032, while the hospitals segment dominated the market in 2022.
The APAC, MENA, and Africa Sickle Cell Anemia market has been segmented into pharmacotherapy, blood transfusion, bone marrow transplant, and gene therapy depending on the treatment. The gene therapy segment is anticipated to emerge as the fastest-growing segment during the forecast period of 2023-2032, while the blood transfusion segment dominated the market in 2022.
The sickle cell anemia market has been segmented into Asian-Pacific, Middle East & North Africa, and Africa based on region. Asia-Pacific held the largest market share in 2022 and is expected to reach USD 4,220.86 million by 2032, exhibiting a compound annual growth rate (CAGR) of 16.31% during the forecast period. Nevertheless, Asia-Pacific is anticipated to experience the most significant compound annual growth rate (CAGR) of 16.31% during the current forecast period.
Prominent Participants
Pfizer Inc, Novartis AG, Emmaus Medical, Inc, Zydus Group, Vertex Pharmaceuticals Incorporated, and Nestle are the main competitors in the Sickle Cell Anemia market in the APAC, MENA, and Africa regions.