PUBLISHER: Orion Market Research | PRODUCT CODE: 1215739
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215739
Title:Global Wilson Disease Drugs Market Size, Share and Trends Analysis Report, By Drug Type (Chelating Agents, Zinc, and Tetrathiomolybdate), By Route of Administration (Oral, Parenteral, and Others), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Others), Forecast Period (2022-2028).
The global Wilson disease drugs market is expected to grow at a CAGR of 4.5% during the forecast period. The market is primarily driven by increasing awareness regarding Wilson's disease and rising new launches of Wilson disease drugs. According to the World Health Organization (WHO), nearly 29.9% of women aged between 15-49 years suffered from low hemoglobin or anemia, in 2019, which is equivalent to over half a billion women aged 15-49 years. Moreover, in 2019 the global low hemoglobin prevalence was 39.8% in children aged 6-59 months, equivalent to 269 million children with anemia. Wilson is a rare disease that results in copper build-up throughout the body, triggering complications ranging from liver disease to psychiatric conditions. The increasing incidence of low hemoglobin and rising awareness of Wilson's disease across the globe are some factors contributing to the growth of the market.
Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The European Wilson disease drugs market is driven by the rising focus on patient assistance programs, and the technological advancements that allow early detection of Wilson's disease among patients. The key players in the market are continuously focused on adopting strategic moves such as new product launches. For instance, in August 2021, AstraZeneca announced a late-stage trial of its oral medicine ALXN1480 to treat rare diseases, by removing deposits from tissues compared with standard care. The treatment has been given an 'Orphan Drug' status in the US and European Union to speed up its development.
The major companies operating in the global Wilson disease drugs market include Bausch Health Co. Inc., Nobelpharma Co. Ltd., Teva Pharmaceutical Industries Ltd., Merck & Co. Inc., and Kadmon Holdings, Inc. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in October 2021, Ultragenyx Pharmaceutical Inc. launched novel products for rare and ultra-rare genetic diseases. The company's AAV9 gene therapy is designed to deliver a stable expression of the ATP7B coper transporter following a single intravenous infusion, to establish normal trafficking of copper in patients with Wilson disease.
Research Methodology
The market study of the global Wilson disease drugs market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: