PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555486
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555486
Huntington's Disease Treatment Market size was valued at USD 450.90 million in 2023, expanding at a CAGR of 24.10% from 2024 to 2032.
Huntington's disease is a rare genetic disorder that currently has no cure and causes the deterioration of brain cells. Early signs often include problems with coordination and occasional memory lapses. This disease has a significant impact on a person's motor skills, cognitive functions, and overall mental health. The rarity of Huntington's disease is notable, as it is usually passed down through a mutated gene from one of the parents. The disorder mainly results in a range of movement difficulties, as well as mental health challenges and issues with cognitive processes like planning and reasoning. According to the Genetic and Rare Diseases Information Center (GARD), there are fewer than 5,000 individuals in the United States living with Huntington's disease.
Huntington's Disease Treatment Market- Market Dynamics
The surge in Huntington's disease cases and the escalating requirement for cutting-edge drugs to address the disease are projected to fuel market growth
Increased knowledge about Huntington's disease, along with advancements in diagnostic tools, is enabling early identification and intervention, leading to a rise in the need for treatment choices. This degenerative brain condition affects around 3 to 7 people per 100,000, mainly in individuals of European ancestry. Pharmaceutical companies and research institutions are dedicating significant resources to research and development to discover new treatment options and improve existing therapies, thereby fueling the growth of the market. Furthermore, advancements in drug research offer additional possibilities for market expansion. However, a lack of awareness in developing areas could impede the progress of the market.
Huntington's Disease Treatment Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 24.10% over the forecast period (2024-2032)
Based on Diagnosis Type segmentation, Diagnostic Imaging was predicted to show maximum market share in the year 2023
Based on Treatment Type segmentation, Symptomatic Therapy was the leading type in 2023
Based on Drug Type segmentation, Tetrabenazine was the leading type in 2023
Based on End-User segmentation, Hospital Pharmacies was the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Huntington's Disease Treatment Market is segmented based on Diagnosis Type, Treatment Type, Drug Type, End-User, and Region.
The market is categorized into two groups according to Diagnosis Type: Diagnostic Imaging, Genetic Testing, and Others. Diagnostic Imaging holds the largest share of the market. The diagnostic imaging sector of Huntington's disease Treatment Market is progressing due to technological advancements that enhance the precision of diagnosis, monitoring, and assessment of treatment effectiveness.
The market is segmented into two categories according to Treatment Type: Symptomatic Therapy, Disease-Modifying Therapy, and Others. Symptomatic Therapy holds the majority share in the market. The market for symptomatic therapy treatment encompasses a range of methods and treatments aimed at managing the various symptoms of HD, such as motor dysfunction, psychiatric symptoms, and cognitive decline.
The market is segmented into two groups according to Drug Type: Tetrabenazine, Deutetrabenazine, and Other Drugs. Tetrabenazine holds the largest share of the market. Tetrabenazine is mainly prescribed for the treatment of chorea, a prevalent and disabling symptom of Huntington's disease. Chorea is characterized by involuntary, abrupt movements that can greatly affect everyday activities and movement.
The market is segmented into three categories according to End-User: Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies. Hospital Pharmacies are the leading sector in the market. They play a vital role in medication management, dispensing, patient care, and treatment support.
Huntington's Disease Treatment Market- Geographical Insights
Geographically, this market spans across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further segmented by countries contributing to business activities. North America leads the market, driven by the increasing demand for disease-modifying therapies. This region is home to several prominent pharmaceutical and biotechnology companies actively involved in the research and development of disease-modifying therapies for Huntington's disease. According to the National Center for Health Statistics, in 2019, 19.2% of adults had received some form of mental health treatment in the past 12 months, with 15.8% using prescription medication and 9.5% receiving counseling or therapy from a mental health professional. Europe is the second-largest region for market growth, attributed to rising awareness and early diagnosis.
Manufacturers are concentrating on making significant R&D investments in the development of disease-modifying treatments and innovative symptomatic therapies. Various approaches, such as neuroprotective agents and advanced gene-editing techniques, are being explored by companies and research institutions. Clinical trials to test new drugs and treatment strategies are being conducted by many companies, leading to competition in the advancement of the next generation of HD therapies. Companies that provide comprehensive patient support programs, including counseling and education, may gain a competitive advantage by improving patient adherence and satisfaction.
A recent interim update on the phase 1/2 trials for uniQure's experimental gene therapy AMT-130 revealed that administering high doses of the treatment led to a notable deceleration of disease advancement and reduction of neurofilament light (NfL) levels in individuals with Huntington's disease (HD).