PUNE, India, November 2, 2016 /PRNewswire/ -- 2016 hemophilia drugs market research says one trend gaining traction in this market is increase in technological innovations. Currently, most of the hemophilia therapeutics available in the market are short-acting i.e., used only for when the individual suffers from bleeding. Apart from this, it is also observed that many of these products exhibit immunogenic reactions, which result in a reduced therapeutic effect of these products. Complete report on hemophilia drugs market spread across 84 pages, analyzing 5 major companies and providing 61 data exhibits is now available at http://www.rnrmarketresearch.com/global-hemophilia-drugs-market-2016-2020-market-report.html. The analysts forecast global hemophilia drugs market to grow at a CAGR of 4.76% during the period 2016-2020. According to the hemophilia drugs market report, drugs with prolonged action will drive the market. Earlier, parenteral formulations for treating hemophilia B required frequent administration of replacement factors. Drugs with favorable pharmacokinetic profiles, including prolonged mechanism of action are fast gaining acceptance among physicians and individuals. These long-acting formulations reduce the need for repeated dosing of medications, reducing injection site pain. According to the industry research analysts, the recombinant therapies segment accounted for the most of the hemophilia drugs market revenue shares and will continue to lead the market over the coming years. The growth of this segment is attributed to the increasing demand for prophylaxis therapies in developed countries and shift in preference from plasma-derived therapies to recombinant products in the emerging economies. Moreover, the entry of long-acting recombinant products such as ALPROLIX by Biogen, Advate by Baxter, among others will contribute to this segment's growth over the coming years. Americas led the global hemophilia drugs market in 2015 and is expected to continue its dominance until the end of 2020. The Americas have the highest revenue share in the global hemophilia drugs market with the US contributing to the majority of this revenue. Several countries in the region have introduced health care reforms which are having a positive impact on the market growth. Moreover, healthcare reforms in the US have also helped reduce the cost of pharmaceutical drugs, increased access to healthcare, and improved the overall quality of healthcare. These healthcare reforms are likely to have a positive impact on healthcare insurance and also reduce hospital stay and overall medical expenses which will boost hemophilia drugs market growth in the region.