High target disease prevalence, product launches, increasing strategic developments such as partnerships and agreements, favorable research funding scenario, and drug development pressure on pharmaceuticals due to upcoming patent expiries are key factors contributing to high CAGR of Idiopathic Thrombocytopenic Purpura Therapeutics during forecast period.

According to the current analysis of Reports and Data, the global Idiopathic Thrombocytopenic Purpura (ITP) Therapeutics market was valued at USD 498 Million in 2018 and is expected to reach USD 783 Million by year 2026, at a CAGR of 5.8 %. The study covers therapeutic agents for ‘Idiopathic thrombocytopenic purpura’ - Idiopathic thrombocytopenic purpura is a hematologic disorder, caused due to abnormal decrease in the platelet count. It is clinically diagnosed as acquired bleeding disorder in which platelets (blood cells), who play a vital role in primary and secondary haemostasis are destroyed by immune system. Rising prevalence of target diseases, unmet needs of Idiopathic thrombocytopenic purpura patients pushing the drug development, significant focus of pharmaceutical companies on development of novel mechanisms based Idiopathic thrombocytopenic purpura drugs, upcoming patent expiry, availability of public as well private funds for research, and favorable regulatory scenario, are some of the key factors propelling market growth in the industry. However, associated side effects, and lack of awareness of disease, are the major hindrance for market growth during 2019 - 2026.

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The global pharma healthcare market revenue growth is majorly driven by factors such as rising prevalence of chronic and acute diseases globally, rise in global geriatric population, growing awareness of health wellness among consumers, and growing demand for advanced medications and therapeutics. Growing need for advanced, patient-centered healthcare services, increasing availability of advanced point-of-care diagnostics, increasing biotechnological and pharmaceutical research development activities and clinical trials, and rise in public and private investments in the healthcare industry are some of the other major factors supporting market revenue growth. Market revenue growth is further driven by factors such as rising cases of the novel coronavirus disease, rising focus on development of rapid COVID-19 diagnostics including the RT-PCR test kits, increasing government intiatives towards manufacturing and distribution of COVID-19 vaccines, rising trends of telehealth and telemedicine, and growing need for remote patient care monitoring solutions.

Leading Players in the Global Pharma Healthcare Market:

Hoffman-L Roche, Novartis, GlaxoSmithKline, Eisai, Amgen, Grifols Biologicals Inc., Baxter, CSL Behring, Bristol-Myers Squibb, Roxane, and others

Regional Outlook of the Global Idiopathic Thrombocytopenic Purpura (ITP) Therapeutics Market:

Under this section of the report, the authors comprehensively analyze the key regional markets in the global Idiopathic Thrombocytopenic Purpura (ITP) Therapeutics market. This section accurately evaluates the revenue shares and year-on-year revenue growth rate of these regional markets. Key regional markets encompassed in the report include North America, Europe, Asia Pacific, Latin America, and the Middle East Africa.

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Detailed Regional Market Segmentation

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • K.
  • Italy
  • France
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East Africa
  • Saudi Arabia
  • A.E.
  • South Africa
  • Rest of MEA

Further key findings from the report suggest

• Idiopathic Thrombocytopenic Purpura Therapeutics market is growing at a CAGR of 3 % in North America followed by Asia Pacific and Europe, respectively. High disease prevalence across the globe is the prominent factor to accelerate the market growth during the forecast period across all regions
• As of 2018, Product type segment, Corticosteroids is the dominating Idiopathic Thrombocytopenic Purpura Therapeutics which holds 35.5 % of the global market. European regional market is the prominent revenue generating source for this product segment, followed by North America, Asia-Pacific, and other regions
• Anti-D immunoglobulin product type segment is expected to be the fastest growing market segment during the forecast period 2019 - 2026 with a CAGR of 6.6 %. However, associated side effects and high costs are major restraints for the market growth of this market segment
• Retail pharmacies distribution channels type segment was growing at an appreciable CAGR during the forecast period
• Asia Pacific is expected to account for the 19.2 % of the global Idiopathic Thrombocytopenic Purpura Therapeutics market. Developing nations such China, and India are likely to witness high growth owing it to growing awareness about the disease and untapped market potential
• Europe regional segment is anticipated to witness significant growth during the forecast period 2019 – 2026. The regional segment was valued at second highest in the year 2018, and is expected to reach upwards of USD 200 million by the year 2026
• Associated side effects related to Idiopathic Thrombocytopenic Purpura Therapeutics and lack of awareness about pruritus is likely to hinder the market growth during the forecast period

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