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(Medical-NewsWire.com, April 16, 2018 ) The Latin America Bleeding Disorders Treatment Market was worth USD 1.65 billion in 2016 and is estimated to be growing at a CAGR of 8.60%, to reach USD 2.50 billion by 2021. The market is showcasing evident potential in the mentioned forecasting period. A bleeding disorder is a condition which affects the clotting (coagulation) system of the body. If not taken care of this condition properly, serious damage can happen to body in case of any wound or cut due to excessive loss of blood from the body.
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There are various types of Bleeding Disorders, but the most frequently seen cases are of Hemophilia A, Hemophilia B and von Willebrand Disease (vWD). A bleeding Disorder is generally diagnosed by any of these three methods: Platelet Aggregation Test, Complete Blood Count (CBC) and bleeding time. There are various treatment methods depending on the type of bleeding disorder and its severity. Treatments include Iron Supplementation pills, Blood transfusion and other methods.
Because of malnutrition in many countries in this region, cases of iron deficiency happen more frequently in this region, which is the root cause for bleeding disorders. Also, the fact that most of the bleeding disorders are inherited and cannot be completely cured is also driving this market. On the other hand, factors such as, high cost of treatment including medication and lack of skilled practitioners to cure these type of disorders are challenging this market.
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The Latin America market for Bleeding Disorders Treatment is broadly categorized by Drug Class and by Disorder Type. On the basis of Drug Class, it is further sub-categorized into Fibrin Sealant, Desmopressin, Antibrinolytics, Recombinant Coagulation Factor Concentrates and Plasma Derived Coagulation Factor Concentrates. On the basis of disorder type, it is sub-categorized into Hemophilia A, Hemophilia B ad vWD. The recombinant coagulation factor concentrates segment is expected to grow the fastest in the mentioned forecast period. This is because of the increased R&D in this market and increasing focus of pharmaceutical companies on recombinant products.
Geographically, Latin America market is further sub-categorized into Brazil, Argentina, Mexico, Colombia and other countries of South America. Latin America has the second highest growth rate in this market in terms of CAGR. Brazil leads the market in this region.
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