Rising awareness towards rare diseases, Rising R&D leading to the introduction of new drugs, cost-efficient therapeutic approach, government initiatives for Immune thrombocytopenia field is driving the market during the forecast period.
Rising awareness towards rare diseases, Rising R&D leading to the introduction of new drugs, cost-efficient therapeutic approach, government initiatives for Immune thrombocytopenia field is driving the market during the forecast period.
The global Immune thrombocytopenia market was valued at USD 2.18 billion in 2019 and is expected to reach USD 3.68 billion by the year 2027, at a CAGR of 6.7%. The global Immune thrombocytopenia market is growing at a substantial pace owing to the growing demand therapy for rare diseases such as immune thrombocytopenia, favorable government initiatives taken up by the authorities, availability of financial support for research and development. With the advent of technology, research has contributed significantly to the number of updates and development of treatment for the disorder. Researchers in emerging economies provide the untapped potential for the market to grow. Furthermore, it has highlighted the necessity of developing new therapies for this disorder; and is expected to have high demand in the near future. Market players, in collaboration with research centers, invest a handful of the amount in their R&D, which would fuels up the market growth by a large margin. Previously, limited clinical and laboratory parameters were available to define and classify the disease. However, significant standardization has enabled the alignment of research studies and guidance in the management of patients suffering from disorders. For instance, In January 2020, Rigel Pharmaceuticals, Inc. announced the launch of TAVLESSE in Europe with its collaborative partner Grifols S.A. The product was launched in Germany and the United Kingdom. The European Commission in January 2020 approved it for the treatment of chronic immune thrombocytopenia in adult patients who are refractory to other treatments. A cost-effective therapeutic approach and strategies for drug development are being adopted by market players. Such advantages are expected to propel the market significantly during the forecast period. Clinical trials are now underway to learn new areas of therapeutics for the same that can improve patients’ outcomes. For instance, in August 2019, Chi-Med Initiated a Phase I Trial of HMPL-523 in patients with immune thrombocytopenia in China. Such an initiative is proving successful for many conditions. Moreover, Pharmaceutical companies, physicians, and the public anticipate the promise of significant advancements in the near future. In the coming future, combination therapy, hormone therapy are the goal to strive for. This trend is projected to continue over the forecast period as the proportion of adults who have a chronic condition is much higher, exceeding 50% in most series. However, lack of awareness in emerging economies and insufficient research funding may hamper the market.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/3401
The COVID-19 impact:
The outbreak raised concerns for the life-threatening patient. The government has set out numerous measures to ensure both the patient’s welfare and that of the health care professional. The market has experienced a downturn in 2020, which may continue till first quarter of 2021. The COVID-19 pandemic has created bottlenecks across drug pipelines, and supply chain activities in the healthcare sectors. This has created unprecedented budget pressure on company spending for market leaders. Such scenarios have led to an increased requirement for opportunity analysis, price trend knowledge, and competitive outcomes in the near future. On the other hand, multiple therapeutic regimens are being followed to cope up with the situation of the pandemic. Numerous efforts have been made to come up with the reliable and efficient treatment for COVID-19 across the globe. Moreover, much research has been carried out to find the second-line treatment, which has surged the demand for advanced drugs. Scientists globally are working urgently to develop treatments. Production and the supply chain, were put on hold, causing losses for manufacturers, dealers and consumers alike. For the period, the market could face a downside; but with a growing health concern, demand would rise as the condition improves.
Further key findings from the report suggest
- The North America Immune thrombocytopenia market is anticipated to dominate the in the global market. The major driving factors for the growth of this market are rising awareness about the disease and favourable research funding scenario and government initiatives, and high medical reimbursement facilities.
- Based on product segment, corticosteroids are expected to have the largest market share among the other segments during the forecast period. This is attributed to the widespread application of corticosteroids to effectively influence healthcare outcomes. Moreover, it is most common form of treatment owing to its potential benefits.
- The market is widely driven by increasing second- and third-line therapies. Moreover, the understanding about the disorder and therapeutic has expanded greatly owing to the increased demand of therapy in the near future. For instance, in January 2020, Rigel Pharmaceuticals, Inc. announced the launch of TAVLESSE (Spleen tyrosine kinase inhibitor) in Europe with its collaborative partner Grifols S.A. The product was launched Germany and the United Kingdom.
- The immune globulin injection is expected to have significant market share during the forecast period. Over the period, the awareness about the disease and the existing treatment has risen up. The research has contributed to a number of updates in the diagnosis and treatment of the disorder which will contribute significantly to the market.
- Chronic Immune thrombocytopenia is expected to have high CAGR during the forecast period. European regional market is the prominent revenue generating source for this product segment, followed by North America, Asia-Pacific, and other regions. However, associated side effects associated with the treatment is expected to hamper the market.
- Research organizations are expected to be the largest segment for the Immune thrombocytopenia market during the forecast period. The growth is contributed to its wide application in research field. It is relatively an orphan disease whose expertise in the management of these patient is not wide spread. Therefore to develop effective, safe medications and doses, researchers would further impact the market positively.
- Key participants include Hoffman-L Roche, Novartis, GlaxoSmithKline, Eisai, Amgen, Grifols Biologicals Inc., Contract Pharmacal, Baxter, CSL Behring, Bristol-Myers Squibb, Roxane, and others.
Get In detailed Research Study @ https://www.reportsanddata.com/report-detail/immune-thrombocytopenia-itp-market
For the purpose of this report, Reports and Data have segmented into the global Immune thrombocytopenia market on the basis of products, type, end use, and region:
Products Outlook (Revenue, USD million; 2017-2027)
- Corticosteroids
- Intravenous Immunoglobulin (IVIG)
- Anti-D Immunoglobulin
- Spleen tyrosine kinase inhibitor
- Rho (D) immunoglobulin intravenous
- Thrombopoietin Receptor Agonists (TPO-RA)
- Romiplostim
- Eltrombopag
- General immunosuppressants
- Cyclophosphamide
- Azathioprine
- Mycophenolate
- Antibiotics
- Hormone therapy
- Splenectomy
- Others
Type Outlook (Revenue, USD million; 2017-2027)
- Acute
- Chronic
End Use Outlook (Revenue, USD million; 2017-2027)
- Hospitals and clinics
- Research Organisation
- Others
Buy Premium Research Report @ https://www.reportsanddata.com/report-pricing/3401
Regional Outlook (Revenue, USD million; 2017-2027)
- North America
- U.S
- Europe
- Germany
- U.K
- France
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
Ask for Customize Research Report @ https://www.reportsanddata.com/request-customization-form/3401
Explore Latest Trending Research Reports By Reports and Data’s
HCIT Consulting Services Market Size, Share, And Industry Analysis By Type (HCIT Strategy & Project/Program Management, Healthcare Application Analysis, Design, & Development, HCIT Integration & Migration, HCIT Change Management, Healthcare Business Process Management, Regulatory Compliance, and Others), By End-user (Healthcare Providers, Healthcare Payers, and Others), and By Region Forecast To 2028
Desloratadine Market By Product Type (Injection and Freeze-dried Powder), By End-Use (Hospitals, Clinics and Others), and By Region Forecast to 2028
Glanders Market , By Product Type (Tetracyclines, Ciprofloxacin, Streptomycin, Novobiocin, Gentamicin, Imipenem, Ceftazidime, Sulfonamides), By Equipment (Instruments/Analyzers & Software, Testing Equipment), By End-use (Hospitals, Standard Reference Laboratories, Public Health Laboratories, Others), and By Region Forecast to 2028
Rare Dermatological Disease Treatment Market By Diseases (Epidermolysis Bullosa, Hailey Hailey Disease, Systemic Sclerosis, Interstitial Granulomatous Dermatitis (IGD), Pemphigus, Acral Peeling Skin Syndrome, Argyria, Morgellons, Keratosis Follicularis, Erythropoietic Protoporphyria (EPP), Elastoderma, Others), By Treatment (Corticosteroids, Immunosuppressants, Anti-inflammatory Agents, Antibiotics, Analgesics, Others), By Distribution, and By Region Forecast to 2028
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs
Read Latest Press Release @ https://www.reportsanddata.com/press-release/global-immune-thrombocytopenia-itp-market