The demand within the global von Willebrand disease treatment market is rising at a boisterous pace in recent times. Improvements in genetic testing and microbiology have helped in gathering key insights about von Willebrand disease (VWD). Information gathered from new research pathways has given a thrust to the growth of the global von Willebrand disease treatment market. Furthermore, the medical fraternity has invested huge amount of revenues in studying genetic disorders. This factor, coupled with the availability of sophisticated laboratory services, has driven market demand. The study of von Willebrand disease goes hand-in-hand with research related to hemophilia. The next decade is expected to witness the development of dedicated research centers for the study of genetic disorders.
Transparency Market Research (TMR), in a key report, predicts that the global von Willebrand disease treatment market would expand at a CAGR of 7% over the period between 2019 and 2027. Furthermore, the total volume of revenues in the global von Willebrand disease treatment market was tabulated at US$ 455 Mn in 2018. Use of contraceptives as a method to prevent or inhibit bleeding has played an integral role in market growth.
Some of the leading vendors in the global von Willebrand disease treatment market are Grifols, S.A., Bayer AG, Octapharma AG, CSL Behring, and Akorn, Inc. Availability of online and retail pharmacies has helped these vendors in finding the right nodes for distribution and sales. Furthermore, manufacturing of injections and oral medications to treat von Willebrand disease treatment has also generated tremendous demand within the market.
Improvements in Genetic Studies to Propel Market Demand
The lack of mobility associated with the incidence of von Willebrand disease has increased the focus of the medical fraternity towards genetic studies. A recent research finds that male children suffering from Type-3 von Willebrand disease are more likely to suffer from excessive bleeding and mobility disorders. The research, published in the American Journal of Hematology, explains the difference in quality of life between male and female sufferers of von Willebrand disease. Over 1.3% of the total global population suffers from VWD. Therefore, von Willebrand disease treatment is expected has become a priority area for the medical fraternity.
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Need to Prevent Excessive Bleeding in Women
The occurrence of von Willebrand disease can be fatal in certain cases. The disease is related to excessive bleeding that can be harmful for patients of all age groups. Moreover, bleeding disorders can become a cause of several other problems in individuals. Therefore, the global von Willebrand disease treatment market has become a hot topic of discussion across medical circles. Women undergoing menstrual bleeding can be severely affected by the occurrence of von Willebrand disease. Hospitals and healthcare centers are making extensive efforts to manage the growing incidence of von Willebrand disease treatment market.
The global Willebrand disease treatment market can be segmented on the basis of:
- Route of Administration
- Distribution Channel