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The haemoglobinopathies industry is being driven by the growing occurrence of haemoglobinopathies across the globe. Based on end use, the diagnostic laboratories are expected to account for a significant share in industry over the forecast period. The growth can be attributed to the development of advanced diagnostic facilities in different parts of the world. Moreover, the increasing initiatives by the government and private organisations to spread awareness regarding haemoglobinopathies is further aiding the industry growth. For instance, in September 2018, the National Institutes of Health launched the Cure Sickle Cell Initiative to forward the development of cures for sickle cell disease, which has significantly contributed to the market growth. This initiative will take support of the latest genetic discoveries and technological advances to move forward and discover the most promising genetic-based curative therapies safely into clinical trials in the coming years. Some of the key players in the industry include Bluebird Bio, Inc. (NASDAQ: BLUE) and Global Blood Therapeutics, Inc. (NASDAQ: GBT).
According to estimates, there are over 100,000 people age 12 years and older in the Gulf Cooperation Council (GCC) region, living with sickle cell disease (SCD). In September 2020, Global Blood Therapeutics, Inc. announced that the company has entered into an agreement with Biopharma-Middle East and Africa (Biopharma-MEA) to distribute Oxbryta® (voxelotor) tablets in six middle eastern countries, namely, Bahrain, Kuwait, Oman, Saudi Arabia, Qatar, and the United Arab Emirates, which collectively form the GCC region. In November 2019, Oxbryta, which is an oral, once-daily therapy for people suffering from sickle cell disease, received accelerated approval from the U.S. Food and Drug Administration (FDA) for the treatment of SCD in adults and children 12 years of age and older. Such developments are expected to drive the haemoglobinopathies industry growth over the forecast period.
Market Breakup by Type, Test Type, End Use, and Region:
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The major players in the global haemoglobinopathies market are Sanofi, Bluebird Bio, Inc., Emmaus Medical, Inc., Prolong Pharmaceuticals, LLC., and Global Blood Therapeutics, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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