PUBLISHER: SkyQuest | PRODUCT CODE: 1205833
PUBLISHER: SkyQuest | PRODUCT CODE: 1205833
Global Hereditary Angioedema Treatment Market was valued at USD 2.5 billion in 2021 and it is expected to reach at USD 4.5 billion by 2028, at a CAGR of 8.7% over the forecast period (2022-2028).
A significant market driver is the increase of hereditary angioedema (HAE) patients worldwide.
According to the National Organization for Rare Disorders (NORD), the ailment affects 1 to 9 persons out of every 100,000 people. Due to underreporting and misdiagnosis, the real number of people with the ailment is much higher.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Hereditary Angioedema Treatment Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global hereditary angioedema treatment market is segmented based on drug class, treatment type, route of administration, distribution channel, application, and region. Based on drug class, the market is segmented into C1-esterase inhibitor, Brandykinin B2 receptor antagonist, Kallikrein inhibitor, others. Based on treatment, the market is divided into prophylaxis, on demand. Based on route of administration, the market is segmented into Intravenous, subcutaneous, oral. Based on distribution channel, the market is segmented into hospital pharmacy, retail pharmacy. Based on application, the market is segmented into Prophylaxis and treatment. Based on region, the market is segmented into North America, Asia Pacific, Europe, Latin America, and MEA.
One of the main causes of misdiagnosis, resulting in patients receiving subpar care, is a lack of knowledge regarding HAE. The majority of people with hereditary angioedema have their diagnoses for appendicitis, gastrointestinal issues, and other non-allergic angioedema errors. A sizable patient population with significant medical demands has been created due to a significant number of people having their ailments wrongly diagnosed. This is likely a major market-increasing component.
Hereditary angioedema therapy market expansion has been hampered by a misdiagnosis of the condition as common allergies, appendicitis, and irritable bowel syndrome, which has led to the suspension of treatment. One of the main reasons for misdiagnosis, which results in inadequate therapy for patients, is a lack of knowledge about HAE. Most hereditary angioedema sufferers receive incorrect diagnoses for appendicitis, gastrointestinal conditions, and other types of non-allergic angioedema. Many people have received the wrong diagnosis for the disease.
A factor that is fueling the market's expansion is the increase in activities aimed at raising public awareness. HAEday, which is observed annually on May 16th, is supported by HAE International (HAEi), an international patient group for people with hereditary angioedema, as well as other patient organizations from across the world. The initiative's goals include expediting diagnosis and giving patients the best possible care and treatment.