Huntington’s Disease Treatment Market Research Report: by drug type (tetrabenazinedeutetrabenazine, chlorpromazine and others), by treatment (symptomatic therapy, disease-modifying therapy), by end-users (hospital and others) - Global Forecast Till 2023
Global Huntington’s Disease Treatment Market is expected to rise steadily at a CAGR of 40% during forecast period of 2018-2023.Huntington Disease is a brain disorder that causes uncontrolled movements, emotional problems, and loss of thinking ability. Huntington disease usually appears in a person at a age of 30 or 40. Early symptoms can include irritability, depression, small involuntary movements, poor coordination, and trouble learning new information or making decisions. The individuals suffering from this disorder may have trouble in walking, speaking, and swallowing. People with this disorder also experience decline in thinking and reasoning abilities. Individuals suffering with this huntington disease usually live about 15 to 20 years after signs and symptoms begin.
Huntington’s disease treatment market is expected to grow in the near future due to rise in incidence of genetic diseases, increasing research and development activities to develop drugs that can be used for treatment of this disorder and developing healthcare sector. Key players in market are making their position in many developing countries due to the FDI policies regulated within the pharmaceuticals industry in such countries with increasing consumer demands towards maintaining aesthetic appearance is also driving the market for global huntington’s disease treatment market.
However, some factors that can hamper the growth of this market are rising side effect associated with drugs, lack of awareness regarding genetic disorder and alternative treatment plan.
The global huntington’s disease treatment market is dominated by many market players. The key players in the market are engaged in new launches of drug and devices so as to maintain the strategic collaborations to hold its market position.
America is expected to hold the highest market share for huntington’s disease treatment market and the reason being many market players are engaged in development of new drug product innovation. Whereas increasing awareness of genetic disorders and rising healthcare expenditure by the government and rise in incidence of these genetic disease are some of the factors responsible for growth of market in this region
Europe is expected to be the second largest market in the globe owing to the increasing aging population, increasing prevalence of huntington’s disease, focus on aesthetic appearance, increasing research base. Whereas rise in susceptible immune compromised patient population is responsible for market growth in this region.
Asia-Pacific is anticipated to be the fastest growing market owing to the changing lifestyle, increase in population, increasing healthcare expenditure by government are some of the factor responsible for market growth in this region.
Middle East and Africa is expected to account for the smallest share in the global huntington’s disease treatment market due to underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.
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Global huntington’s disease treatment market is segmented into drug type, treatment and end-users. On basis of drug type the global huntington disease treatment market is segmented into tetrabenazine, deutetrabenazine, selective serotonin reuptake inhibitor (SSRI), chlorpromazine,haloperidol, risperidone, olanzapine, clozapine another drug type.
Based on treatment the market is further segmented into two types such as symptomatic therapy and disease-modifying therapy.On basis of end-users the market is further segmented into hospital, clinics, retail pharmacies, online pharmacies and others.
Some of the key players in the global huntington’s disease treatment market are AmpliPhi Biosciences Corp, Ceregene Inc., Lundbeck, Prana Biotechnology Limited, Cortex Pharmaceuticals Inc., Vertex Pharmaceuticals Incorporated, Auspex Pharmaceuticals, SOM Biotech, GlaxoSmithKline, Siena Biotech, Raptor Pharmaceutical, Pfizer, Palobiofarma, Omeros Ipsen, Valeant Pharmaceuticals International Inc., Alnylam Pharmaceuticals Inc., Teva Pharmaceutical Industries Ltd.