October 27, 2021
According to the research report titled ’Global Von Willebrand Disease Treatment Market size study by Disease Type (Type 1, Type 2, Type 3, and Acquired VWD), Treatment Type (Desmopressin, Replacement Therapies, Clot-stabilizing Medications, Others), Route of Administration (Oral, Injection, Other), Regional Forecasts 2021-2027’, available with MarketStudyReport, global Von Willebrand disease treatment market is anticipated to grow at a CAGR of more than 6.5% throughout the forecast period 2021-2027.
As per the findings of the report, increasing healthcare expenditure and patient support programs are expected to drive Von Willebrand disease treatment market growth over the forecast timeframe.
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Further, collaborations and joint ventures to accelerate development of medications and improve clinical standards are supporting the industry expansion. In fact, due to differences in disease diagnostic and treatment techniques around the world, American Society of Hematology (ASH), National Hemophilia Foundation (NHF), and the International Society on Thrombosis and Hemostasis (ISTH) collaborated to establish standardized clinical recommendations.
Speaking of the market challenges, high treatment costs may negatively impact businesses over the projection period.
For the unversed, Von Willebrand disease (VWD) is a chronic, incurable bleeding disorder that causes abnormal clotting of blood due to low count of Von Willebrand factor, a protein found in the human body that aids in stopping bleeding.
In accordance with the report, global Von Willebrand disease treatment market size spans across North America (U.S., Canada), Europe (UK, Germany, Spain, France, Italy, ROE), Asia Pacific (Japan, China, South Korea, India, Australia, RoAPAC), and Latin America (Mexico and Brazil).
Experts cite that North America is leading the market in terms of increased demand for dynamic alternative treatments, early adoption of new technologies, and expansion of patient aid programs. Moreover, National Hemophilia Foundation claims that VWD is the most common bleeding condition, affecting up to 1% of U.S population.
Europe and Asia Pacific are in second and third place, respectively, due to presence of a diverse patient pool, developing economies, and increased collaboration between local and foreign enterprises in these regions.
From the competitive landscape perspective, leading contenders influencing worldwide Von Willebrand disease industry trends are Sun Pharmaceutical Industries Ltd., CSL Behring, Octapharma AG, Takeda Pharmaceutical Company Ltd., Octapharma AG, Sanofi S.A., Ferring Pharmaceuticals, Pfizer Inc., Grifols S.A., and Akorn Inc.