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Sickle Cell Disease Treatment Market Size

  • Report ID: GMI5697
  • Published Date: May 2023
  • Report Format: PDF

Sickle Cell Disease Treatment Market Size

Sickle Cell Disease Treatment Market size surpassed USD 2.38 billion in 2022 and is anticipated to exhibit lucrative CAGR of around 12.6% between 2023 and 2032. The growth is attributed to factors such as the growing prevalence of sickle cell diseases, increasing R&D activities regarding sickle cell disease treatment, and increasing healthcare expenditure and government initiatives.

 

Sickle cell disease is the most common inherited red blood cell disorder. It affects the oxygen-carrying protein haemoglobin, which is present in the blood. People with sickle cell disease inherit two faulty haemoglobin genes, known as haemoglobin S, from their parents. Usually, the red blood cells are round and flexible for easy passage through blood vessels. In the case of sickle cell disease, the red blood cells change their shape to resemble a crescent moon or sickle. These sickle cells become sticky and rigid and cause slow blood flow or may block the blood flow.

 

The management of sickle cell disease aims to avoid pain episodes, relieve the symptoms associated with the disease, and prevent complications. The treatment includes blood transfusions, medications, and bone marrow transplants.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market for sickle cell disease treatment was worth around USD 2.38 billion in 2022 and is poised to depict a 12.6% CAGR over 2023-2032 owing to the increasing R&D activities regarding sickle cell disease treatment.

The sickle cell anemia segment accounted for the largest market share in 2022 and will expand significantly through the forecast period owing to the high prevalence of sickle cell anemia.

North American market for sickle cell disease industry held the highest revenue share and is set to grow exponentially on account of increasing investments in R&D for developing new drugs treating sickle cell disease.

Pfizer Inc., Novartis AG, Emmaus Medical Inc., Medunik USA Inc., Bristol-Myers Squibb Company, Bluebird Bio, Inc., Agios Pharmaceuticals, CRISPR Therapeutics, Vifor Pharma, and Editas Medicine Inc. are some of the major companies operating in the sickle cell disease treatment business.

Sickle Cell Disease Treatment Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 338
  • Countries covered: 21
  • Pages: 190
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