TechNavio recognizes the following companies as the key players in the Global Hemophilia Market: Baxter International Inc., Novo Nordisk A/S, Bayer HealthCare, and Pfizer Inc.
Commenting on the report, an analyst from TechNavio’s team said: “Currently, most of the therapeutic hemophilia products are short acting, i.e., used only for when the patient suffers from bleeding. Further, many of these products exhibit immunogenic reactions resulting in a reduced effect of the therapeutic. In order to mitigate these issues, technologies such as PEGylation, recombinant DNA, and protein fusion technology, were developed and applied in the production of new therapies with a longer life span and fewer immunogenic reactions. For example, Biogen Idec is developing a next generation Hemophilia A therapy. The firm’s leading therapeutic product, rFVIIIFc, is a recombinant – a truncated version of factor VIII, fused to the Fc domain of an antibody to extend half-life in the bloodstream. The resultant recombinant product is a result of Biogen’s protein fusion technology. Thus, increase in technological innovations is expected to drive the Global Hemophilia market during the forecast period.”
According to the report, one of the major drivers in this market is the increase in the development of new hemophilia therapeutics. Currently, there are large number of products in the pipeline being developed by vendors which are aimed at addressing Hemophilia A, Hemophilia B, and von WilleBrand disease. The anticipated approval of these pipeline products is expected to contribute to the growth of the market during the forecast period.
Further, the report states that one of the major challenges in this market is the high cost of hemophilia therapeutics. The high cost is attributed to the longer time taken to manufacture hemophilia prophylactics and manufacturing constraints.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-hemophilia-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Hemophilia Market 2014-2018
