Industry Background:
Carglumic acid is a rare orphan drug that is used to treat hyperammonemia. Hyperammonemia is a rare genetic condition caused by high blood ammonia levels. Increased ammonia entry is a leading cause of neurological disorders such as urea cycle enzyme deficiency, hepatic encephalopathy, Reye's syndrome, many other metabolic disorders, and toxic encephalopathy. The increase in alcohol intake, smoking, and sedentary lifestyles, both of which contribute to the development of cancers, as well as the global prevalence of metabolic disorders such as hepatic encephalopathy, Reye's syndrome, and cirrhosis, are driving the growth of the carglumic acid market. As a result, there is an abundance of ammonia in the blood, which leads to a higher demand for care.This growth is primarily driven by Increasing cases of Neurological Diseases and Increasing Awareness about Health and Increased Spending on Health by Individual.
Major Players, such as Recordati Rare Diseases Inc (United States), Dipharma Francis S.r.l (Italy), Suven Life Sciences Limited (India), Civentichem LLC (United States), Dipharma S A (Switzerland), Apothecon Pharmaceuticals Pvt Ltd (India), Manus Aktteva Biopharma LLP(India), NURAY CHEMICALS(India), NOVITIUM PHARMA LLC (United States) and Biophore India Pharmaceuticals Pvt Ltd ((India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
January 2021 - CARBAGLU (Carglumic Acid) Tablets 200mg Receives U.S. FDA Approval for a New Indication to Treat Acute Hyperammonemia Associated with Propionic Acidemia and Methylmalonic Acidemia
Market Drivers
- Increasing cases of Neurological Diseases
- Increasing Awareness about Health and Increased Spending on Health by Individual
Market Trend
Restraints
- Side Effects of the drugs
Opportunities
Government Initiatives for Creating Awareness about Cancer and Various Neurological Problems
Challenges
Stringent Regulatory Approvals for Safety and Efficacy
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Carglumic Acid Study Sheds Light on
— The Carglumic Acid Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Carglumic Acid industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Carglumic Acid industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.