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Aplastic anemia is a rare and serious blood disorder where the bone marrow fails to produce sufficient blood cells, leading to a deficiency in the red blood cells, white blood cells, and platelets. The condition can occur at any age but is more common among teenagers, young adults, and older adults. The symptoms of this disease include fatigue, pale skin, rash, dizziness, headache, nosebleeds, fever, and bloody stool.
The risk factors for such disease include smoking, family history, exposure to ionizing radiation, autoimmune disorders, exposure to chemicals, chemotherapy, and viral infections. The disease can be diagnosed through bone marrow biopsy, blood tests, and physical examination.
The market growth is primarily attributed to the higher burden of aplastic anemia across the globe. This is expected to increase the demand for the treatment of such conditions, thereby driving the market growth in the coming years.
Furthermore, this significant burden of the disease is mainly attributed to the increase in the number of radiation and chemotherapy treatments for cancer patients. These therapies act by killing the cancer cells along with stem cells in the bone marrow, increasing the risk of aplastic anemia. This is expected to surge the demand for treatment of such conditions, thereby propelling the market growth.
The high burden is further increasing awareness and fueling the diagnosis rates of such conditions, which, in turn, is anticipated to boost the demand for treatment with drugs, thereby driving the market growth in the forthcoming years.
The COVID-19 pandemic had a significant impact on the aplastic anemia market in 2020. The pandemic led to increased awareness and diagnosis rates of aplastic anemia, particularly in patients with severe cases who were more susceptible to serious infections such as COVID-19. This fueled the demand for treatment of such conditions, contributing to the market growth during the pandemic.
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The report covers the following key insights:
Based on the disease type, the market is divided into acquired aplastic anemia and inherited aplastic anemia. The acquired aplastic anemia segment is projected to account for a significant share of the global aplastic anemia market during the forecast period. The growth of this segment is attributed to a high incidence of this disease compared to inherited aplastic anemia. This growth in the incidence is primarily attributed to factors such as the infection caused by viruses, such as the human immune virus (HIV) or Epstein-Barr virus, the usage of certain medications that kill stem cells in the bone marrow, and exposure to radiation and chemotherapy treatment for cancers. This is expected to fuel the segment growth during the forecast period.
On the other hand, the inherited aplastic anemia segment is anticipated to grow at a substantial CAGR during the forecast period. The growth of the segment is attributed to the rising incidence of aplastic anemia among children but slower than that of acquired aplastic anemia. For instance, as per the data published by WebMD LLC in March 2023, inherited causes of aplastic anemia are responsible for at least 25% of cases in children. This is expected to boost the treatment demand for inherited aplastic anemia, driving segmental growth.
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The global market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to hold a significant share of the aplastic anemia market during the forecast period. The market growth is primarily attributed to the rising prevalence of autoimmune disorders in this region. The autoimmune condition attacking the body’s immune system also involves stem cells in the bone marrow, resulting in aplastic anemia. In addition, medications such as disease-modifying antirheumatic drugs (DMARDs) used in the treatment of rheumatoid arthritis (RA) may cause folate deficiency, which increases the risk of aplastic anemia, contributing to the rising prevalence. This is expected to boost the demand for aplastic anemia in the region, thereby driving market growth.
Asia Pacific is projected to grow at a significant CAGR during the forecast timeframe. The growth of the region is mainly attributed to the increasing exposure to toxic chemicals used in pesticides and insecticides in the region. The harmful ingredients present in such chemicals are linked to aplastic anemia, which is increasing the significant burden of disease in the region. This is further driving the awareness for diagnosis and treatment of aplastic anemia in the region, which is anticipated to augment the market growth.
The market consists of significant players, such as Teva Pharmaceuticals, Solvay, Pfizer, Inc., Kyowa Kirin Co., Ltd., Novartis AG, GSK, Sanofi, Baxter, Partner Therapeutics, Inc., and Amgen Inc. These key players' significant product approvals are expected to fuel their revenue growth.
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