Cold Agglutinin Disease Market Seen Soaring 18% Growth to Reach USD 282 Million by 2030, Projects Univdatos Market Insights
- Vikas Kumar
- November 14, 2023
- HEALTHCARE, NEWS
- Cold Agglutinin Disease, Cold Agglutinin Disease Market, Cold Agglutinin Disease Market analysis, Cold Agglutinin Disease Market forecast, Cold Agglutinin Disease Market growth, Cold Agglutinin Disease Market share, Cold Agglutinin Disease Market trends
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Key Highlights of the Report:
- Growing prevalence of auto-immune disorders: The rising incidence of auto-immune disorders such as cold agglutinin disease due to the rising geriatric population is driving the demand for cold agglutinin disease.
- Advancements through clinical trials: Continuous advancements in clinical trials and improvements in drug design are contributing to the growth of the cold agglutinin disease market. These advancements enable healthcare professionals to provide better treatment options to patients.
- Rising demand for advanced therapeutics: With the increasing emphasis on preventive healthcare, there is a growing demand for advanced therapeutics. Cold agglutinin disease and diagnostic techniques using artificial intelligence might lead to improved patient outcomes.
According to a new report by Univdatos Market Insights, the Cold Agglutinin Disease Market is expected to reach USD 282 Million in 2030 by growing at a CAGR of 18%. Cold Agglutinin Disease (CAD) is a rare case of an autoimmune disorder in which the body’s own immune system mistakenly attacks healthy tissue. CAD is a subset of autoimmune hemolytic anemia (AHA), a condition in which red blood cells are “tagged” by antibodies and then destroyed by other immune cells. The immune system’s response to CAD is to destroy the red blood cells prematurely, with the bone marrow’s ability to produce new cells compensating for the loss of the red blood cells. This disorder affects approximately one person in every million and is most seen in individuals aged 40 to 80. Symptoms of CAD may include fatigue, weakness, pale skin (known as Pallor), dizziness, and palpitations, as well as shortness of breath. The disease is commonly referred to as “cold” since it is caused by the antibodies being active and causing hemolysis at temperatures of 3 to 4 degrees Celsius (37 to 39 degrees Fahrenheit). For instance, according to the American Society of Hematology in December 2021, the estimated incidence rate of cold agglutinin disease is between 5 and 20 per million individuals and between 0.5 and 1.9 per million individuals per year. Advances in technology have improved the accuracy and effectiveness of auto-immune disorder diagnosis and treatment. This market is being boosted due to multiple factors like the rise in the geriatric population, increased expenditure in healthcare, and advancements in healthcare technologies. For instance, the World Health Organization (WHO) reported in October 2022 that between 2015 to 2050, the segment of the world’s population over 60 years will nearly double from 12% to 22%, which will propel the cold agglutinin disease market at a steady rate.
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The report suggests that Rising Research and Development is one of the major factors driving the growth of the cold agglutinin disease market during the forthcoming years. Clinical trials are essential for the development of new and modified models for treating these disorders, as they provide valuable information on the effectiveness of drugs. In recent years, there has been an increasing number of clinical trials followed by FDA approvals focused on cold agglutinin disease. For instance, Enjaymo was granted marketing authorization in the U.S. by the FDA in February 2022, with the purpose of reducing the requirement for red blood cell transfusions in adults with chronic obstructive diseases of the central nervous system. This is the first and only FDA-approved treatment for people with cold agglutinin disease. It works by blocking the destruction of red blood cells. They are investigating new combinations of techniques that may be more effective than existing treatment procedures. The increasing number of clinical trials for cold agglutinin disease is driving the growth of the market, as it indicates a greater interest in developing new treatments for cold agglutinin disease. It also provides hope for patients suffering from such auto-immune disorders which cannot be completely cured but symptoms can be significantly minimized.
Regarding new launches related to auto-immune disorder diagnostics, there have been several recent developments. There are several clinical trials being conducted to test the effectiveness of new treatments and diagnostics for auto-immune diseases, such as immunotherapy and targeted therapies. These trials are still ongoing, but the early results look promising. For instance, Bioverativ, a Sanofi company started a clinical trial in March 2021 with the objective of assessing the long-term safety and tolerability in patients with cold agglutinin disease (CAD), after multiple doses of SAR445088. Additionally, there have been some new product launches in the market for auto-immune disorder diagnosis and treatment using artificial intelligence. AI has been increasingly incorporated into medical procedures in order to accomplish tasks that may be difficult for human clinicians to do on their own. One area of medical need is the early detection of rare diseases, as this is often delayed. For instance, in March 2023, German researchers developed an AI model that could potentially be beneficial in the detection of cases of cold agglutinin disease (CAD), as reported in a study published in the journal Hämostasologie.
Conclusion
Autoimmune health is a vital aspect of our overall well-being, and it’s essential to understand its significance. They are often interconnected with other health issues, such as allergies, cancer, and mental health disorders. Understanding the interplay between these conditions is essential for effective treatment and management. The global cold agglutinin disease market is a rapidly growing field, with advancements in treatment methods leading to improved outcomes for patients. It is expected to continue to grow in the coming years. Overall, the global cold agglutinin disease market represents a significant opportunity for pharmaceutical companies and professionals in the field of clinical research. With continued research and development, it is likely that even more effective treatments will become available in the future, leading to improved outcomes for patients with auto-immune disorders.
