Hemophilia is usually an inherited bleeding disorder in which the blood does not clot properly. This may result in both spontaneous bleeding and bleeding after injuries or surgery. Blood contains a variety of clotting proteins that can aid in stopping bleeding. People with hemophilia have low levels of either factor VIII (8) or factor IX (9). The quantity of factors in a person's blood determines the severity of their hemophilia. The likelihood of bleeding, which can cause serious health issues, increases as the amount of the factor decreases. Hemophilia is caused by a mutation or change, in one of the genes, that provides instructions for making the clotting factor proteins needed to form a blood clot. This change or mutation can prevent the clotting protein from working properly or be missing altogether
Market Dynamics
Increase in the government and non-government organizations initiatives to improve access to affordable hemophilia treatment options. Rising incidences and prevalence of hemophilic disorder are expected to boost the growth of the market over the forecast period which leads to product launches in the market by the key players, to fulfill the unmet need of the market. Favorable regulatory scenarios and guidelines for product launches and treatment are other leading factors that are expected to propel the growth of the market over the forecast period. An increase in the research and development activities by key market players to develop novel hemophilia treatment options is further expected to drive market growth for the forecast period. For instance, on April 4, 2023, Sanofi S.A., a multinational pharmaceutical and healthcare company, announced the positive result of their phase-III clinical trials using fitusiran, a drug candidate used to treat hemophilia-A in adults.
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