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Key Trend Reshaping the Bleeding Disorder Testing Market in 2025: Innovative Gene Therapy Advancements In Bleeding Disorder Treatment Market
What industry-specific factors are fueling the growth of the bleeding disorder testing market?The bleeding disorder testing market is poised for growth, buoyed by the rise in clinical trials. Clinical trials, which test the safety and efficiency of new medical care methods, therapies, drugs, or technology in humans, are increasing due to advancements in medical research, more healthcare innovation investment, and an upsurge in demand for novel treatments and therapies. Bleeding disorder testing plays an integral part in these trials, as they help gauge the safety and efficacy of new antidotes and therapies for bleeding disorders, check how effectively these treatments manage or rectify clotting defects, and monitor patient reactions to ensure maximum dosage and effectiveness. For instance, ClinicalTrials.gov, a US clinical trial registry, recorded approximately 477,228 clinical trials at the conclusion of 2023, up from 437,507 in 2022. Consequently, the rise in clinical trials is fueling the expansion of the bleeding disorder testing market.
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What Is the projected market size and growth rate for the bleeding disorder testing market?
There has been a significant expansion in the size of the bleeding disorder testing market in the previous years. The market is projected to rise from $14.99 billion in 2024 to $16.23 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%. This upward trend in the historical era can be credited to several factors such as the growing occurrence of bleeding disorders, enhanced outlay on research and development, the budding count of specialized clinics, boosted demand for preliminary diagnosis, and an upsurge in the number of clinical trials.
The market size for testing of bleeding disorders is predicted to exhibit robust expansion in the upcoming years. It's projected to escalate to $22.02 billion by 2029 at a compound annual growth rate (CAGR) of 7.9%. The increase in the predicted time frame can be credited to factors such as the rising occurrence of hemophilia, a heightened awareness regarding the symptoms of bleeding disorders, an uptick in investments towards diagnostic research, the global increase in healthcare expenditure, and the growing prevalence of uncommon bleeding disorders. Prevailing trends for the forecast period consist of advancements in technology, the incorporation of artificial intelligence, personalized medicine, telemedicine services, and home-use testing kits.
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What new trends are reshaping the bleeding disorder testing market and its opportunities?
Major industry players in the bleeding disorder testing market are strategizing on launching more advanced products like gene therapy for Hemophilia B. This is aimed at offering permanent solutions, improving treatment results, rectifying genetic bleeding disorders and widening their market footprint. Hemophilia B, a bleeding disorder, manifests due to a lack of clotting factor IX, which is crucial for effective blood coagulation. By focusing on the underlying genetic errors instigating this condition, gene therapy offers a potential long-term respite for Hemophilia B. In February 2023, a significant advancement was made when CSL Limited, a biotechnology company based in Australia, along with the European Commission, gave a conditional marketing authorization (CMA) to HEMGENIX. It is the first and the only one-time gene therapy developed for treating severe and moderately severe haemophilia B. This pioneering treatment aims to offer durable effectiveness, consequently lowering or even removing the need for recurring factor replacement therapy. HEMGENIX stands out due to its groundbreaking approach to gene therapy designed to transform the treatment of hemophilia B patients, and it could potentially alter the care standard in the field.
What major market segments define the scope and growth of the bleeding disorder testing market?
The bleeding disorder testing market covered in this report is segmented -
1) By Product Type: Reagents And Consumables, Instruments
2) By Indication: Hemophilia A, Hemophilia B, Von Willebrand Disease, Idiopathic Thrombocytopenic Purpura, Other Indications
3) By Treatment Type: Factor Replacement Therapy, Drug Therapy
4) By End User: Hospitals And Clinics, Diagnostic Centers, Other End Users
Subsegments:
1) By Reagents And Consumables: Coagulation Reagents, Plasma And Blood Collection Consumables, Hemostasis Reagents, Factor Deficiency Assay Kits, Activated Partial Thromboplastin Time (APTT) Reagents
2) By Instruments: Coagulation Analyzers, Platelet Function Analyzers, Hemostasis Testing Instruments, Point-Of-Care Testing Devices, Automated Blood Testing Systems
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Which regions are key players in the growth of the bleeding disorder testing market?
North America was the largest region in the bleeding disorder testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bleeding disorder testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the bleeding disorder testing industry growth?
Major companies operating in the bleeding disorder testing market are Pfizer Inc., F. Hoffmann-La Roche Ltd., Bayer AG, Takeda Pharmaceutical Company Limited, Novo Nordisk A/S, Siemens Healthcare GmbH, Baxter International Inc., CSL Limited, Octapharma AG, HORIBA Ltd., Haemonetics Corporation, Diagnostica Stago S.A.S., Sekisui Diagnostics LLC, Helena Laboratories Corporation, LFB Group, Sysmex Inostics GmbH, Medexus Pharmaceuticals Inc., Precision Biologics Inc., Corgenix Inc., Diapharma Group Inc., Hyphen BioMed, Hema Biologics LLC
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What Is Covered In The Bleeding Disorder Testing Global Market Report?
•Market Size Forecast: Examine the bleeding disorder testing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the bleeding disorder testing market for a structured understanding.
•Key Players Overview: Analyze major players in the bleeding disorder testing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the bleeding disorder testing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the bleeding disorder testing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the bleeding disorder testing market.
•Industry Challenges: Identify potential risks and obstacles affecting the bleeding disorder testing market.
•Competitive Landscape: Review strategic developments in the bleeding disorder testing market, including expansions, agreements, and new product launches.
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