The latest report by IMARC, titled “Sickle Cell Disease Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2033,” finds that the global sickle cell disease market size is witnessing steady growth. Sickle cell disease is a genetic disorder that affects the red blood cells in the body. It is caused by a mutation in the HBB gene, which provides instructions for making hemoglobin. In sickle cell disease, the abnormal hemoglobin causes red blood cells to become rigid and sickle-shaped, which can block blood flow and cause pain and other complications. The symptoms of sickle cell disease can vary from person to person, but may include pain, swelling, and infections due to blocked blood flow, anemia, delayed growth and development, and damage to organs such as the lungs, kidneys, and spleen. Sickle cell disease is an inherited condition, which means that it is passed down from parents to their children. It is most found in individuals of African descent, but it can also occur in individuals of Hispanic, Middle Eastern, and Mediterranean descent. Nowadays, there are several treatments available to manage the symptoms and complications of the disease; including pain management, blood transfusions, medications to reduce the risk of infections and other complications, and bone marrow or stem cell transplants for certain individuals.
Global Sickle Cell Disease Market Trends:
One of the primary factors driving the market is the increased attention and research into the disease and potential treatments, due to the increasing number of individuals diagnosed with the disease. As a result, regular monitoring and medical care are crucial for individuals with sickle cell disease to manage their symptoms and prevent complications. Additionally, the rising focus of health regulatory authorities of various nations for the approval of new treatment methods, for instance, a new medicine was approved by the United States Food and Drug Administration (USFDA) in 2019 in order to minimize the pain experienced by individuals suffering with sickle cell disease, is creating a positive market outlook in the market. Furthermore, government authorities of various nations are extensively investing in research and development (R&D) activities to develop novel treatments. Moreover, the expanding income levels of the masses and the rising awareness about the disease and available healthcare services are creating a positive market outlook across the globe.
- Region-wise, the market has been classified into the United States, Germany, France, the United Kingdom, Italy, Spain, Japan.
- This research study also offers a thorough overview of late-stage pipeline candidates and currently marketed medications for sickle cell disease.
- The study also offers a thorough overview of the treatment practices for sickle cell disease, the share of specific therapies, and the performance of key market players.
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