PUBLISHER: The Business Research Company | PRODUCT CODE: 1763088
PUBLISHER: The Business Research Company | PRODUCT CODE: 1763088
Panhematin is a hemin-based medication primarily used to treat acute porphyrias, a group of rare metabolic disorders that impact heme biosynthesis. It functions by replenishing heme levels, which helps suppress the production of porphyrin precursors that trigger symptoms.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The primary dosages of panhematin are 350mg and 313mg. The 350mg dosage is specifically used for managing acute porphyria episodes. Its indications include acute porphyria and other conditions. The medication is used in various settings, such as hospitals and pharmacies.
The panhematin market research report is one of a series of new reports from The Business Research Company that provides panhematin market statistics, including panhematin industry global market size, regional shares, competitors with a panhematin market share, detailed Panhematinmarket segments, market trends, and opportunities, and any further data you may need to thrive in the panhematin industry. This panhematin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The panhematin market size is expected to see rapid growth in the next few years. It will grow to $3,795.4 million in 2029 at a compound annual growth rate (CAGR) of 12%. The growth in the forecast period can be attributed to increasing investment in rare disease research, growth in government funding for rare disease treatments, increasing focus on precision diagnostics, advances in personalized medicine approaches, and expansion of healthcare access in emerging markets. Major trends in the forecast period include the development of alternative and complementary therapies, collaborations for global distribution and marketing, partnerships between pharmaceutical companies and healthcare providers, increasing R&D investments in rare disease treatments, and advances in diagnostic techniques for porphyria.
The increasing diagnosis of genetic disorders is expected to significantly drive the growth of the panhematin market. Genetic disorders, caused by abnormalities in an individual's genetic material, are becoming more frequently diagnosed due to advancements in genetic testing and growing awareness. Early detection enables timely interventions, improving patient outcomes. Panhematin, used for treating acute porphyrias, is vital in managing symptoms such as severe abdominal pain, nausea, and neurological complications that arise from enzyme deficiencies in the heme biosynthesis pathway. As of April 2023, the New England Journal of Medicine reported that 5,500 individuals with severe developmental disorders had identified the genetic causes of their conditions. This rise in diagnoses is expected to increase demand for treatments like panhematin.
Rising healthcare expenditure is a key factor propelling the panhematin market. Increased financial allocation to health services by governments, private sectors, and individuals, driven by an aging population and the prevalence of chronic diseases, allows for better management of rare conditions such as acute porphyria. In May 2024, the Office For National Statistics reported a 5.6% rise in healthcare expenditure from 2022 to 2023. The growing financial resources directed toward healthcare services, including drugs like panhematin, are expected to ensure more patients receive effective treatment, thus fueling market growth.
Increasing cases of blood disorders are contributing to the growth of the panhematin market. Blood disorders, which affect the production and function of blood cells, have been on the rise due to genetic predispositions, lifestyle factors, and an aging population. Panhematin is particularly effective in treating acute intermittent porphyria and similar conditions by providing a synthetic form of heme to bypass defective enzymes in the heme production pathway. This helps reduce the accumulation of toxic porphyrins and alleviates symptoms. For example, the National Health Service (NHS) reported that approximately 17,000 people in England live with sickle cell disease, with 250 new cases diagnosed annually. This increasing incidence of blood disorders further drives the demand for panhematin.
Key player operating in the panhematin market is Horizon Therapeutics plc.
North America was the largest region in the panhematin market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in panhematin report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the panhematin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The panhematin market consists of sales of intravenous (IV) formulations used to treat acute intermittent porphyria (AIP) and related heme synthesis disorders. 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.
Panhematin 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 panhematin 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 panhematin ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The panhematin 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.