Non-Cancerous Blood Disease Market - Growth Drivers and Challenges
Growth Drivers
- Rising government spending via Medicare and Medicaid: The U.S. government spent USD 4.4 million under Medicare Part B on non-cancerous blood disease drugs, such as clotting factors, iron therapies, and erythropoiesis-stimulating agents. A portion of the amount was allocated to anaemia and chronic kidney disease patients. Further, spending under the Medicare End-Stage Renal Disease (ESRD) program rises steadily due to long-term use of ESA. This reflects growing public investment in injectables and biologics to manage non-cancerous hematologic conditions and chronic diseases.
- Healthcare quality improvement and cost effectiveness: A 2022 AHRQ research has stated that early intervention of iron-deficiency anemia with FDA-approved medication resulted in a 21.6% decrease in hospitalization and saved USD 1.7 billion in two years. These gains were attributed to anticipatory measures such as regular screening and early drug therapy, especially for high-risk groups such as pregnant females and the elderly. The research suggests standardizing treatment guidelines for earlier diagnosis and treatment in primary care environments.
Challenges
- Government-imposed price controls in Europe: The government has imposed a strict pricing policy across EU nations due to the commercial viability of biologic drugs for non-cancerous blood diseases. For instance, Takeda's market debut was delayed by over five months in France because of reimbursement limitations brought on by national pricing caps for recombinant clotting factors. Manufacturers face these pricing challenges across the nations in the EU, and national health authorities enforce robust price and evaluation negotiation procedures affecting the launch time and minimizing easy access for patients.
Non-Cancerous Blood Disease Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2034 |
|
CAGR |
7% |
|
Base Year Market Size (2024) |
USD 24.9 billion |
|
Forecast Year Market Size (2034) |
USD 47.8 billion |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of non-cancerous blood disease is evaluated at USD 26.9 billion.
Non-Cancerous Blood Disease Market size was valued at USD 24.9 billion in 2024 and is set to exceed USD 47.8 billion by 2037, expanding at over 7% CAGR during the forecast period i.e., between 2025-2037.
North America is the dominant region in the market and is expected to hold the market share of 36.8% at a CAGR of 7.5% by 2034.
The major players in the market are Amgen Inc. (USA), F. Hoffmann-La Roche Ltd. (Switzerland), Pfizer Inc. (USA), Takeda Pharmaceutical Co. (Japan), Novartis AG (Switzerland), Sanofi S.A. (France), CSL Limited (Australia), Johnson & Johnson (USA), Grifols S.A. (Spain), Baxter International Inc. (USA), Bayer AG (Germany), and others.