Treatment of Huntington’s Disease by Tetrabenazine Drugs to Find Massive Expansion in Research Activities by Market Players During 2019-2027
Research Nester released a report titled “Huntington’s Disease Treatment Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global Huntington’s disease treatment market in terms of market segmentation by drug, by distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The market for Huntington’s disease treatment is anticipated to grow by a significantly high CAGR during the forecast period, i.e., 2019-2027. The market is segmented by drug, by distribution channel and by region. On the basis of drug, the market is segmented into tetrabenazine, antidepressants, antipsychotic drugs, tranquilizers and others. The tetrabenazine drug segment is projected to witness a substantially high growth over the forecast period on account of rising demand for this drug for the treatment of Huntington’s disease. The drug is used to treat movement disorder which is favorable for the market along with the rising research activities by leading companies for the development of tetrabenazine drugs. On the other hand, based on distribution channel, the market is bifurcated into online and offline segments.
On the basis of region, the Huntington's disease treatment market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is predicted to hold the largest share in the market as a result of growing research and development activities in the region. These are anticipated to lead to the development of highly effective and improved drugs for the treatment of this disorder, mainly in the United States. The market in Europe is estimated to hold the second largest share in the market. This can be attributed to the growing elderly population along with rising research and development activities in the region.
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Rising Demand for Huntington’s Disease Drugs to Drive the Market Growth
According to the National Institute of Health’s Genetics Home Reference, about 30-50% of children with Huntington’s disease experience seizures. Further, this disease in children progresses more rapidly than in adults and the affected people live 10-15 years longer after the appearance of the symptoms. These statistics suggest that there is a high demand for effective drugs that target Huntington’s disease which is anticipated to become a major growth factor for the market. However, limited availability of approved drugs in the market as a result of strict government regulations is estimated to hamper the market growth during the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global Huntington’s disease treatment market which includes company profiling of Teva Pharmaceutical Industries Ltd. (TLV: TEVA), Pfizer Inc. (NYSE: PFE), Bausch Health Companies Inc. (NYSE: BHC), Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX), Alnylam Pharmaceuticals, Inc. (NASDAQ: ALNY), Ceregene, Inc., SOM Biotech, Omeros Corporation (NASDAQ: OMER), H. Lundbeck A/S (CPH: LUN) and BioRep Srl. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Huntington’s disease treatment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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