What is Phenylketonuria Treatment Market?
Phenylketonuria (PKU) is a rare inherited disorder that increases the levels of a substance called phenylalanine, a building block of proteins (an amino acid), in the blood. This disorder caused by a defect in the PAH gene that helps to create phenylalanine hydroxylase, the enzyme responsible for breaking down phenylalanine. A complete cure for Phenylketonuria is not available but patients can relieve their symptoms and prevent complications by following a special diet and by taking medications. The factors such as Increasing Prevalence of Phenylketonuria among People and Increased Awareness about Phenylketonuria Treatment Options are the key drivers for the global Phenylketonuria Treatment market.
The market study is being classified by Type (Drugs (Kuvan, Pegvaliase and Others) and Dietary Supplement), by Application (Hospital Pharmacies, Drug Stores, Online Pharmacies and Pediatric Clinics) and major geographies with country level break-up.
BioMarin Pharmaceutical Inc. (United States), Dimension Therapeutics, Inc. (United States), Synthetic Biologics, Inc. (United States), Codexis, Inc. (United States), SOM Innovation Biotech (Spain), Daiichi Sankyo Company (Japan) and Erytech Pharma SA (France) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Phenylketonuria Treatment market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Phenylketonuria Treatment market by Type, Application and Region.
On the basis of geography, the market of Phenylketonuria Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Prevalence of Phenylketonuria among People
- Increased Awareness about Phenylketonuria Treatment Options
Market Trend
- Increased Research and Development Activities for Novel Drugs
Restraints
- Lack of Complete Cure Treatment for Phenylketonuria
Opportunities
- Growth in the Healthcare Industry Worldwide
- Increased Government Funding
Challenges
- Stringent Government Rules and Regulations
Key Target Audience
Phenylketonuria Treatment Providers, Distributors, Emerging Companies, Research Professionals and End-users