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The global sickle cell disease treatment market stood at a value of around USD 3.4 billion in 2020. The market is further expected to grow at a CAGR of 16.9% in the forecast period of 2021-2026 to attain a value of around USD 8.50 billion by 2026.
Based on treatment, the blood transfusion segment is predicted to account for a significant market share in the sickle cell disease treatment industry. This increase can be associated with the increased accessibility of blood transfusion treatment compared to other forms of treatment. In addition, blood transfusion helps to treat anaemia and prevent stroke. Furthermore, it is used to dilute the sickled haemoglobin with normal haemoglobin in order to treat chronic pain, acute chest syndrome, splenic sequestration, and other complications. Thus, this segment is estimated to positively catalyse the market growth in the forecast period.
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North America is expected to occupy a substantial share of the sickle cell disease treatment industry in the forecast period. This growth can be attributed to the presence of a large African-American population in the region, which is more susceptible to sickle cell disease. In addition, the rising accessibility to resources and treatment facilities with increased disposable income and highly advanced healthcare infrastructure are also contributing to the growth. Meanwhile, in the African region, in countries such as Cameroon, the Republic of Congo, Gabon, Ghana, and Nigeria, the prevalence of sickle cell disease is between 20% and 30%. At the same time, it is as high as 45% in some parts of Uganda, as stated by the WHO. Moreover, in this region, the majority of children with the most severe form of the disease die prior to the age of 5, usually from an infection or severe blood loss. Thus, the growing awareness about sickle cell disease treatment and the improving healthcare facilities in Africa are expected to provide lucrative growth opportunities to the market.
Sickle cell disease refers to a commonly found blood disorder. This disease is inherited by the children whose parents carry either sickle cell disease or sickle cell trait. This disease leads to abnormal haemoglobin generation, which is rigid and shaped like a sickle that can get stuck and block blood flow, which causes interference with oxygen delivery. This leads to pain, infections, stroke, acute chest syndrome, organ damage, and other disabilities. In addition, the drastic complications pertaining to sickle cell disease include premature death in some cases.
By treatment, the market is divided into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
According to the WHO statistics, an estimated 5% of the world’s population carries trait genes for haemoglobin disorders, mainly sickle-cell disease and thalassaemia. In addition, more than 300,000 babies with severe haemoglobin disorders are born each year. The countries worldwide and international organisations are strategising initiatives to control and prevent sickle cell disease risks. Moreover, with the growing geriatric population worldwide, which is more susceptible to chronic disorders, governments are increasingly investing in the healthcare sector to reduce mortality risks. As a result, sickle cell disease treatment is in huge demand for the early detection of the disease. For instance, The Kidney Cancer Association (KCA) and the Sickle Cell Disease Association of America, Inc. (SCDAA) partnered to launch a programme called KNOW & TELL to raise awareness about sickle cell trait and its potential connection with a rare type of kidney cancer known as renal medullary carcinoma (RMC). Such initiatives are expected to augment the market growth in the forecast period.
The report gives a detailed analysis of the following key players in the global sickle cell disease treatment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Treatment, Region|
|Breakup by Treatment||Blood Transfusion, Pharmacotherapy, Bone Marrow Transplant|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Emmaus Life Sciences, Inc., Global Blood Therapeutics, Inc., bluebird bio, Inc., Pfizer Inc., Novartis International AG, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Sickle Cell Disease Treatment Market Analysis
8.1 Key Industry Highlights
8.2 Global Sickle Cell Disease Treatment Historical Market (2016-2020)
8.3 Global Sickle Cell Disease Treatment Market Forecast (2021-2026)
8.4 Global Sickle Cell Disease Treatment Market by Treatment
8.4.1 Blood Transfusion
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2016-2020)
126.96.36.199 Forecast Trend (2021-2026)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2016-2020)
220.127.116.11 Forecast Trend (2021-2026)
8.4.3 Bone Marrow Transplant
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2016-2020)
126.96.36.199 Forecast Trend (2021-2026)
8.5 Global Sickle Cell Disease Treatment Market by Region
8.5.1 Market Share
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
22.214.171.124 United States of America
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
126.96.36.199 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Emmaus Life Sciences, Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.2 Global Blood Therapeutics, Inc.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12.2.3 bluebird bio, Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.4 Pfizer Inc.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12.2.5 Novartis International AG
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13 Industry Events and Developments
List of Figures and Tables
1. Global Sickle Cell Disease Treatment Market: Key Industry Highlights, 2016 and 2026
2. Global Sickle Cell Disease Treatment Historical Market: Breakup by Treatment (USD Billion), 2016-2020
3. Global Sickle Cell Disease Treatment Market Forecast: Breakup by Treatment (USD Billion), 2021-2026
4. Global Sickle Cell Disease Treatment Historical Market: Breakup by Region (USD Billion), 2016-2020
5. cc Forecast: Breakup by Region (USD Billion), 2021-2026
6. North America Sickle Cell Disease Treatment Historical Market: Breakup by Country (USD Billion), 2016-2020
7. North America Sickle Cell Disease Treatment Market Forecast: Breakup by Country (USD Billion), 2021-2026
8. Europe Sickle Cell Disease Treatment Historical Market: Breakup by Country (USD Billion), 2016-2020
9. Europe Sickle Cell Disease Treatment Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Asia Pacific Sickle Cell Disease Treatment Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Asia Pacific Sickle Cell Disease Treatment Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Latin America Sickle Cell Disease Treatment Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Latin America Sickle Cell Disease Treatment Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Middle East and Africa Sickle Cell Disease Treatment Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Middle East and Africa Sickle Cell Disease Treatment Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Global Sickle Cell Disease Treatment Market Structure
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