How Has the Jivi Market Evolved Historically and What is its Current Size?
The jivi market has seen considerable growth due to a variety of factors.
• In recent times, the market size for Jivi has seen a HCAGR of XX. The growth is anticipated to rise from $XX million in 2024 to $XX million in 2025, showcasing a compound annual growth rate (CAGR) of XX%.
The historic period's growth can be credited to factors like the escalating incidence of hemophilia, substantial investments in research and development, emphasis on prophylactic treatments, worldwide healthcare investments, and a soaring rate of diagnosis.
What is the Forecasted Market Size and CAGR for the Jivi Market?
The jivi market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the jivi market is anticipated to witness an XX (FCAGR) increase in the upcoming years, reaching a prominent $XX million by 2029, with a compound annual growth rate (CAGR) of XX%.
The expansion during the forecast period can be credited to factors such as an increase in worldwide healthcare spending, growth in the male demographic, advantageous government policies, increased awareness resulting in early diagnosis, and a heightened emphasis on individualized medicine. Key trends during the forecast period encompass the rise in technological innovations, emergence of groundbreaking treatments for hemophilia, growing influence of gene therapy, introduction of new methods of dealing with hemophilia, and a shift towards therapies with an extended half-life.
What Key Factors and Trends Are Driving The Growth Jivi Market?
The escalating occurrences of hemophilia are anticipated to boost the expansion of the jivi market in the future. Such blood clotting disorders are primarily triggered by mutations in the X-linked genes regulating clotting factors, resulting in inadequate or faulty clotting factors VIII (hemophilia A) or IX (hemophilia B) and thus impairing the ability of the blood to coagulate adequately. The increasing instances of hemophilia are the result of enhanced diagnostic techniques, rising awareness, and boosted worldwide case reports. Jivi aids patients with hemophilia by replenishing the lacking Factor VIII through a durable recombinant therapy, assisting in blood clotting to both prevent and manage bleeding incidents. Its long-lasting half-life reduces the frequency of doses, improving patient convenience and compliance. For instance, the United Kingdom Hemophilia Centre Doctor's Organization, a medical association from the UK, reported that new Hemophilia A registrations in the United Kingdom rose from 16 in 2021 to 19 in 2022. Therefore, this surge in hemophilia cases is fueling the jivi market's growth.
What Are The Market Segments In The Jivi Market?
The jivi market covered in this report is segmented –
1) By Formulation: Lyophilized Powder For Reconstitution, Ready-to-use Formulations
2) By Route of Administration: Intravenous, Subcutaneous
3) By Indication: Treatment Of Hemophilia A, Prophylaxis, On-demand Treatment For Bleeding Episodes
4) By Distribution Channel: Direct Sales, Wholesalers And Distributors, Retail Pharmacies
5) By End Use: Hospitals, Hemophilia Treatment Centres, Specialty Clinics, Home Healthcare Settings
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Who Are the Key Players In The Jivi Market?
Major companies operating in the jivi market include:
• Bayer AG
What Are The Regional Insights Into The Jivi Market?
North America was the largest region in the jivi market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the jivi market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
