PUBLISHER: The Business Research Company | PRODUCT CODE: 1720872
PUBLISHER: The Business Research Company | PRODUCT CODE: 1720872
Promacta (eltrombopag) is an oral thrombopoietin receptor agonist (TPO-RA) designed to stimulate platelet production in patients with specific blood disorders. It is primarily prescribed for conditions where platelet production is insufficient, increasing the risk of bleeding. By boosting platelet levels, Promacta helps reduce bleeding risk in affected patients.
The primary indications for Promacta include chronic immune thrombocytopenia, severe aplastic anemia, hepatitis C-associated thrombocytopenia, and other related conditions. Chronic immune thrombocytopenia (ITP) is a persistent autoimmune disorder that leads to low platelet levels, resulting in excessive bleeding and requiring treatments to suppress immunity or enhance platelet production. Promacta is available in various dosage forms, such as tablets and oral suspension, and is distributed through hospital pharmacies, retail pharmacies, and online pharmacies.
The promacta market research report is one of a series of new reports from The Business Research Company that provides promacta market statistics, including the promacta industry global market size, regional shares, competitors with the promacta market share, detailed promacta market segments, market trends, and opportunities, and any further data you may need to thrive in the promacta industry. This promacta market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The promacta market size has grown strongly in recent years. It will grow from $3.79 billion in 2024 to $4.12 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth during the historic period can be attributed to the increasing prevalence of immune thrombocytopenic purpura (ITP), a decline in platelet counts, a rising incidence of conditions such as aplastic anemia and immune thrombocytopenia, a growing emphasis on patient education, and an increase in healthcare expenditure.
The promacta market size is expected to see strong growth in the next few years. It will grow to $5.69 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%. The projected growth in the forecast period is driven by increased research and development, expanding governmental efforts, a rising global geriatric population, a stronger focus on patient education, the expansion of patient assistance programs, growing healthcare infrastructure, and higher disposable incomes. Key trends include the development of generic alternatives and biosimilars, a shift toward patient-centric care, advancements in biotechnology and pharmaceuticals, the adoption of telemedicine and remote monitoring, and ongoing clinical trials and research initiatives.
The growing prevalence of aplastic anemia is anticipated to drive the expansion of the promacta market in the coming years. Aplastic anemia is a rare condition where the bone marrow fails to produce enough blood cells, leading to fatigue, infections, and a heightened risk of bleeding. Various factors contribute to the prevalence of aplastic anemia, including exposure to toxic chemicals, certain medications, viral infections, autoimmune disorders, and genetic predisposition. Promacta aids in stimulating bone marrow stem cells to generate blood cells, thereby increasing platelet, red blood cell, and neutrophil counts. This reduces the need for transfusions and lowers the risk of bleeding and infections in individuals affected by aplastic anemia. For example, in April 2024, Anthony Nolan, a UK-based charity specializing in leukemia and hematopoietic stem cell transplantation, reported that approximately 100 to 150 individuals in the UK are diagnosed with aplastic anemia each year. As a result, the rising prevalence of this condition is fueling the growth of the promacta market.
The expansion of the promacta market is also being driven by increased healthcare expenditure. Healthcare expenditure encompasses the total cost of medical services, treatments, and infrastructure aimed at maintaining and improving public and individual health. Several factors contribute to rising healthcare expenditures, including an aging population, advancements in medical technology, and broader health insurance coverage. Increased healthcare spending enhances patient access to innovative treatments for thrombocytopenia and other blood disorders, while also improving diagnostic capabilities, enabling early detection, and promoting the adoption of promacta. For instance, in December 2023, the Centers for Medicare & Medicaid Services, a US-based federal agency, reported that US healthcare spending grew by 4.1% in 2022, reaching $4.5 trillion, marking an acceleration from the 3.2% increase observed in 2021. This upward trend in healthcare expenditure is contributing to the growth of the promacta market.
The growing geriatric population is playing a significant role in the expansion of the promacta market. Individuals aged 65 and older often require specialized medical care to address age-related health concerns. The rise in the elderly population is attributed to increasing life expectancy, advancements in healthcare, declining birth rates, and improvements in medical treatments. Promacta benefits older adults by stimulating platelet production in those with blood disorders, reducing the risk of bleeding, enhancing immune function, and improving overall treatment outcomes. For example, in January 2024, the Population Reference Bureau, a Kenya-based nonprofit organization, projected that the number of Americans aged 65 and older would rise from 58 million in 2022 to 82 million by 2050. Consequently, the expanding geriatric population is a key factor driving the growth of the promacta market.
The key player in the promacta market is Novartis AG.
North America was the largest region in the promacta market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in promacta report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the promacta market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The promacta market consists of sales of extended-release tablets and powder for suspension. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Promacta Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on promacta market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for promacta ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The promacta market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.