Phenylketonuria Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Phenylketonuria Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : August, 2020 | Pharmaceutical | PPT format

Report Digest

Global Phenylketonuria Treatment Market: Overview 

The global phenylketonuria treatment market has witnessed a steadfast growth, owing to the rising number of people suffering from phenylketonuria (PKU) disorder. Although, it is a rare type of genetic disorder, which mainly increases the phenylalanine level in the blood, resulting problems throughout the victims’ bodies. The major problems associated with this phenylketonuria disorder include developmental delays, seizures, and behavioural or mental health problems. The predominant reason involved behind PKU is the deficiency of an enzyme, commonly known as Phenylalanine hydroxylase (PAH). This enzyme’s prime role is to convert phenylalanine to tyrosine. However, PKU is also caused by the defect in PAH’s co-factor, especially BH4. 

From the perspective of products, the global phenylketonuria treatment market is bifurcated into nutrition supplements and drugs. Among these two, the nutrition supplements segment showcases a significant share in the global phenylketonuria treatment market, on account of being extensively prescribed by physicians coupled with a huge requirement of specialized diet at the time of the phenylketonuria treatment. The report thoroughly explains the segments, key drivers, opportunities, and competitive landscape of the global phenylketonuria treatment market. Moreover, the report could be true guideline for the major stakeholders in the global phenylketonuria treatment market. 

Global Phenylketonuria Treatment Market: Notable Developments 

Some of the developments which help in contouring the shape of the global phenylketonuria treatment market in a big way include: 

  • NICHD-supported researchers are exploring several additional treatments for PKU. Such treatments include a large amount of neutral amino acid supplementation, which may help in preventing phenylalanine from entering the brain. 
  • In May, 2017, Synlogic Inc had signed agreement with Mirna Therapeutics Inc. in order to discover and develop of new drugs for Synthetic Biotic medicines. 

Some of the most prominent competitors operating in the competitive landscape of global phenylketonuria treatment market include –

  • Dimension Therapeutics Inc.
  • Synthetic Biologics
  • SOM Innovation Biotech SL
  • Erytech Pharma

Global Phenylketonuria Treatment Market: Key Growth Drivers 

A few factors triggering the growth of the global phenylketonuria treatment market in a positive way include: 

Growing Research and Development of Novel Drugs to Boost Market 

A few medications which respond positively in treating phenylketonuria include Playnziq, Kuvan, and gene therapy. These drugs help in terminating the symptoms of phenylketonuria and reduce the possibility of brain damage. Such factors positively influencing the growth of the global phenylketonuria treatment market. Phenylketonuria refers as an inherited genetic condition, predominantly caused due to a major defect in PAH gene. Elevated levels of phenylalanine in the blood cam occur, on account of the high intake of proteins such as meats and egg. 

However, for a new-born to inherit phenylketonuria, both parents should pass on a defective PAH gene. If a timely treatment of phenylketonuria cannot take place for an infant, he/she may develop symptoms such as tremors, seizures, stunted growth, shaking, and hyperactivity. Therefore, soaring g demand for several effective treatments for phenylketonuria is further complementing to the growth of the global phenylketonuria treatment market. 

Rising Awareness about Timely Treatment of Phenylketonuria Fillips Market 

Growing prevalence of phenylketonuria across the globe acts as a major key driver in the global phenylketonuria treatment market. Numerous screening tests which are widely used for the diagnosis of phenylketonuria include immunoassay, bacterial inhibition assay, and mass spectroscopy analysis for amino acid. All these tests play an integral part in the treatment of phenylketonuria disorder, which in turn is also propelling expansion in the global phenylketonuria treatment market. 

Furthermore, several other factors such as intensive research in the genomics field and increasing awareness regarding the timely treatment of phenylketonuria are responsible for triggering the growth of the global phenylketonuria treatment market. Besides this, rapid advancements in the global healthcare industry and rapidly changing lifestyle are also providing major growth impetus to the global phenylketonuria treatment market. 

Global Phenylketonuria Treatment Market: Regional Outlook 

On the regional front, North America is dominating over other regions in the global phenylketonuria treatment market, on account of the increasing number of advanced screening procedures. Along with this, burgeoning population suffering from phenylketonuria disorder and rapid technological advancements in the healthcare industry are also responsible for fueling growth in the phenylketonuria treatment in this region.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.