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Use Of Gene Therapy In The Hematology Drugs Market

Added: (Thu Dec 13 2018)

Pressbox (Press Release) - Historically, the global hematology drugs market, a major segment in the pharmaceutical drugs industry, grew at a compound annual growth rate (CAGR) of about 6%. The growth during the historic period can be attributed to rising old age population and growing awareness among patients.

The global hematology drugs market size is expected to reach above $50 billion by 2021, growing at a CAGR of more than 6%. Going forward, unhealthy lifestyles leading to anemia and coagulation disorders, along with increased longevity and the launch of pipeline drugs is set to drive the market for hematology drugs.

Find TBRCís report on the hematology drugs market: https://www.thebusinessresearchcompany.com/report/hematology-drugs-global-market-report-2018

The adoption of gene therapy to treat sickle-cell disease is gradually increasing due to its simplicity, as compared to procedures requiring outside donors. Sickle-cell disease is a type of gene disorder in which a genetic mutation causes hemoglobin in the red blood cells to distort the shape of the cell. This leads to aggregation or clogging of blood resulting in further acute and chronic complications. In gene therapy, a patient serves as his own donor which eliminates the risk of a mismatch. In March 2017, a 13-year old patient with the sickle-cell disease was successfully treated via gene therapy at Necker Children's Hospital in Paris. This gene therapy lasted for 15 months during which the patientís bone marrow DNA was re-engineered to enable the formation of the right type of red blood cells.

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Submitted by:praneeth
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