Global Huntingtons Disease Therapeutics Market Overview:
This is an inherited disease in which the nerve cells degrade in the central nervous system. The disease has a wide impact on the functional abilities of the affected patient and it usually results in movement and thinking disabilities. Most people prone to this disease start showing signs and symptoms at their age of 30 -40. If the disease begins before the age of 20 it is known as Juvenile Huntington’s disease. Both men and women can be patients with the disease. Recently, only two symptom-alleviating therapies are specifically approved by FDA for Huntington’s disease are Xenazine and Austedo. The disease can also lead to swallowing and speech problems. Xenazine the drug which is approved by the US Food and Drug administration works by reducing the amount of dopamine in the brain of patients with Huntington’s disease. Dopamine is known as chemical messengers that transmit signals between nerve cells. It is said that chorea is caused by a surge in the activity of dopamine. Austedo the other approved drug works in the same way as Xenazine. The loss of motor control affects the life of a person negatively as it restricts the life of the person to carry out regular activities and can cause difficulty. A significant behavior change and cognition disorder associated with Huntington’s disease is depression that results due to brain injury and loss of brain function.
As per latest study released by AMA Research, the Global Huntingtons Disease Therapeutics market is expected to see growth rate of 19.2%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Intense Research and Development in Bio-Medicine Specific to Genetic Disorders
Market Growth Drivers:
A Surge in Medical Insurance Covers for The Entire Family and Improvement in Medical Infrastructure
Challenges:
Lack of Medical Professionals
Restraints:
High Cost of Treatment and Less Awareness About the Treatment in The Under-Developed Countries
Opportunities:
Increased Investment by Many Pharmaceutical Companies in the Research and Development Sector to Develop Innovative and Curative Drugs
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Teva Pharmaceutical Industries (Israel), Alnylam Pharmaceuticals, Inc. (United States), AmpliPhi Biosciences Corp (United States), Pfizer (United States), Ipsen (France), Lundbeck (Denmark), Prana Biotechnology Ltd. (Australia), Valeant Pharmaceuticals International Inc. (Canada), Cortex Pharmaceuticals Inc. (United States), Vertex Pharmaceuticals Incorporated (United States), GlaxoSmithKline (United Kingdom), Auspex Pharmaceuticals (United States), Ceregene Inc (United States) and SOM Biotech (Spain). Additionally, following companies can also be profiled that are part of our coverage like Raptor Pharmaceutical (United States) and Palobiofarma (Spain). Analyst at AMA Research see United States Players to retain maximum share of Global Huntingtons Disease Therapeutics market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Huntingtons Disease Therapeutics market. Considering Market by Medication Type, the sub-segment i.e. Antidopaminergics will boost the Huntingtons Disease Therapeutics market. Considering Market by Strength, the sub-segment i.e. 6 MG will boost the Huntingtons Disease Therapeutics market.
Latest Market Insights:
In September 2021, NeuExcell Therapeutics Inc entered a partnership with Spark Therapeutics, Inc. (F. Hoffmann La Roche Ltd. owned subsidiary) for the development of gene therapy for treating HD patients. Under the terms of the agreement, NeuExcell Therapeutics is entitled to receive upfront license fees, R&D, and sales milestone payments of up to approximately USD 190 million and additional product royalties.
What Can be Explored with the Huntingtons Disease Therapeutics Market Study
Gain Market Understanding
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Analyze and Measure the Global Huntingtons Disease Therapeutics Market by Identifying Investment across various Industry Verticals
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Understand the Competitive Scenario
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Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Huntingtons Disease Therapeutics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Huntingtons Disease Therapeutics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Huntington's Disease Therapeutics, Venture Capitalists and Private Equity Firms and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.