Huntington’s Disease Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Huntington’s Disease Treatment Market – Overview
The growth in the Huntington’s disease treatment market has been growing rapidly because of a lot of factors. One of the prominent growth factors includes a strong product pipeline of the therapies related to certain diseases. In addition to this, the high burden of HD in the western countries and the expansion of Ingrezza to treat chorea that is related to Huntington’s disease are also contributing to growth opportunities in the global market in the following years.
Huntington’s disease is basically a progressive neurological condition that is generally caused by CAG expansions in the gene of Huntingtin. People from North America, Australia, and Europe are experiencing these diseases at an increased rate compared to the Asian population. There are numerous small molecules in the clinical development that are concentrating on to use of immunomodulatory drugs in order to target the overactive immune system. These factors are likely to fuel novel growth opportunities in the foreseeable years.
Huntington’s Disease Treatment Market – Key Drivers
The key players operating in the Huntington’s disease treatment market are concentrating to develop the drugs for HD. These players are likely to witness numerous obstacles as numerous therapies have been failing in order to demonstrate efficacy. Even in certain situations, these obstacles are related to the significant toxicity. These factors are predicted to create a few obstacles to the growth opportunities in the Huntington’s disease treatment market growth, likely to take place in the near future.
The sudden emergence of the COVID-19 cases in different regions, around the world has been anticipated to put negative impacts on the growth opportunities in the global market in the upcoming years. Furthermore, the delay in order to conduct clinical trials because of the pandemic has been predicted to cause a delay in the entry of novel players into the Huntington’s disease treatment market. Thus, on the basis of these factors, the Huntington’s disease treatment market has been expected to encounter hurdles in the growth avenues.
Huntington’s Disease Treatment Market – Recent Developments and Key Players
The contract research organization (CROs) services market has been marked due to the presence of prominent players that are serving in regional as well as global areas. Their presence in the market is making the industry nature fragmented. Furthermore, these players are also taking into consideration certain novel growth strategies in order to achieve their pre-defined goals. Along with these factors, the rising penetration of the international market players and increasing awareness among consumers related to the industry brands are also driving new growth opportunities in the market. Novel product launches, mergers or tie-ups, product portfolio expansion, and the rising count of the R & D activities in enhancing the company portfolio are some strategies that are also adopted by these key market players to generate lucrative opportunities in the coming years.
For instance, NeuExcell Therapeutics Inc. has established a partnership with the company named Spark Therapeutics, Inc. in September 2021. The motive of this partnership is to develop gene therapy to treat patients with HD. NeuExcell Therapeutics, as per the agreement, is entitled to receive R & D activities, sales milestone payments, and license fees along with additional product royalties.
Some of the key players in the Huntington’s disease treatment market are:
Huntington’s Disease Treatment Market – Regional Assessment
The Huntington’s disease treatment market has been serving in various regions across the world. The prominent regions in the market include the Middle East & Africa, North America, Asia Pacific, Europe, and Latin America. North America has been predicted to hold the largest share in the market revenue because of increased healthcare expenditure, proactive government initiatives, the growing burden of respective diseases, and technological advancements.
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