Middle East & Africa Hemoglobinopathies Market Size & Outlook
Middle East & Africa hemoglobinopathies market, 2018-2030 (US$M)
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MEA hemoglobinopathies market highlights
- The MEA hemoglobinopathies market generated a revenue of USD 3,125.1 million in 2022.
- The market is expected to grow at a CAGR of 11.6% from 2023 to 2030.
- In terms of segment, sickle cell disease was the largest revenue generating disease type in 2022.
- Sickle cell disease is the most lucrative disease type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 3,125.1 million |
| Market revenue in 2030 | USD 7,529.7 million |
| Growth rate | 11.6% (CAGR from 2022 to 2030) |
| Largest segment | Sickle cell disease |
| Fastest growing segment | Sickle cell disease |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thalassemia, Sickle cell disease, Other Hb Variants |
| Key market players worldwide | Sangamo Therapeutics Inc, Global Blood Therapeutics, Bluebird bio Inc, Emmaus Life Sciences Inc, Pfizer Inc, Novartis AG ADR, Prolong Pharmaceuticals, Bioverativ, Gamida Cell, Bristol-Myers Squibb Co |
Other key industry trends
- In terms of revenue, MEA region accounted for 20.0% of the global hemoglobinopathies market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 7,529.7 million by 2030.
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Hemoglobinopathies Market Scope
Hemoglobinopathies Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa hemoglobinopathies market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hemoglobinopathies market will help companies and investors design strategic landscapes.
Sickle cell disease was the largest segment with a revenue share of 59.29% in 2022. Horizon Databook has segmented the Middle East & Africa hemoglobinopathies market based on thalassemia, sickle cell disease, other hb variants covering the revenue growth of each sub-segment from 2018 to 2030.
SCD and thalassemia are major health problems in people originating from the Middle East and Africa, thereby increasing the demand for blood components needed for the treatment of this disorder. Increasing number of blood transfusions, improving healthcare infrastructure, and growing healthcare expenditure are expected to propel the market growth over the forecast period.
As per a report by NCBI, the prevalence of SCD is highest in this subcontinent. However, due to poor healthcare infrastructure, 90% of the newborns with SCD in these LMICs die before the age of 5. Nearly 57% of the overall global cases of SCD in newborns are observed in Democratic Republic of Congo (DRC), Nigeria, and India.
Moreover, growing interest of biopharmaceutical companies in targeting the diseased population in this region is another factor contributing to the growth of the market. Under the terms of the agreement, taiba will register and distribute the product in certain countries in the Middle East and North Africa (MENA) region.
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Target buyers of Middle East & Africa hemoglobinopathies market databook
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Our clientele includes a mix of hemoglobinopathies market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa hemoglobinopathies market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa hemoglobinopathies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA hemoglobinopathies market size, by country, 2018-2030 (US$M)
Middle East & Africa Hemoglobinopathies Market Outlook Share, 2022 & 2030 (US$M)
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