****** Hematology Drugs Market Is Expected To Grow By $52 Billion By 2021 According To TBRC’s Latest Report

Hematology drugs market offers drugs, blood and blood products that are used for the treatment of diseases such as rare genetic disorders, anemia, and conditions related to sickle cell disease and other related diseases. Some of the major hematology drugs include Albumin, Epoetin, Zoladex, and Hyskon.

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The substantial growth of the market from $40 billion in 2017 to around $52 billion by 2021 is due to the unhealthy lifestyle of consumers leading to anemia and coagulation disorders. Factors such as increased longevity and the launch of pipeline drugs will also drive the market for hematology drugs.

In the report, the hematology drugs market is divided into blood products and anemia and other blood disorder drugs, with blood products occupying the major market share (nearly 70%) and remaining is occupied by anemia and other blood products.

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The USA was the largest country in the hematology drugs market in 2017, accounting for 30% of the market share. This was mainly due to high drug prices and high healthcare spending in the USA compared to other countries. China and Brazil followed the USA as the next largest countries in the market.

The hematology drugs market is fragmented with a number of large and small organizations. The top five competitors in the market made up around 25% of the total market in 2017. Novo Nordisk A/S was the largest competitor followed by Shire Plc., Bayer AG, Daiichi Sankyo Company Limited and Biogen Inc. Novo Nordisk A/S is a healthcare company involved in discovering, developing, manufacturing, and marketing of pharmaceutical products. Novo Nordisk markets and distributes its products through distributors and independent agents worldwide.

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