According to a recent FMI analysis, the global Alpha-1 Antitrypsin Deficiency market would grow at a 12.8% CAGR from 2023 to 2033. The market is anticipated to be valued at US$ 10 billion by the end of the assessment period.
The key drivers driving market expansion are technological advancements, higher R&D spending, and the increasing prevalence of target disorders.
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Investments in research and development (R&D) are also expected to have a significant impact on the sector. Several companies are seeking to build a revolutionary portfolio by leveraging in-house competencies and increasing those capabilities through strategic alliances, R&D expansion, and future licensing, merger, and acquisition activities.
Key Takeaways from the Market Study
- According to FMI, the global alpha-1 antitrypsin deficiency market would grow at a 12.8% CAGR by 2033.
- The global Alpha-1 Antitrypsin Deficiency market is expected to be worth $3 billion.
- The global Alpha-1 Antitrypsin Deficiency market is anticipated to be worth US$ 10 billion.
- According to Future Market Insights, Asia Pacific is predicted to develop at a CAGR of 12% from 2023 to 2033.
- North America is predicted to expand at a CAGR of 12.7% between 2023 and 2033.
- Europe is predicted to increase at a CAGR of 12.3% between 2023 and 2033.
“Within North America, the United States has dominated the market. The rising number of government funding, developments in gene therapy research and development, and the rising penetration of target illnesses are the primary drivers driving the Alpha-1 Antitrypsin Deficiency market expansion,” says an analyst at FMI
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Market Competition
To address the present patient pool’s requests and counter the therapeutic market’s unmet needs, drug developers are increasingly moving their focus to alpha-1 antitrypsin deficiency (AATD).
Many novel medicines are being developed by several businesses, including ARO-AAT (Arrowhead Pharmaceutical), Alvelestat (Mereo Biopharma), and Inhaled AAT (Kamada).
ARO-AAT (Arrowhead Pharmaceutical) is a second-generation subcutaneously given drug that lowers hepatic synthesis of the mutant AAT protein by knocking down the alpha-1 antitrypsin (AAT) gene transcript. The business is now undertaking Phase II clinical studies to assess the drug’s safety, tolerability, and pharmacodynamic impact in AATD patients. Key players in the Alpha-1 Antitrypsin Deficiency (A1ATD) market are:
- Pfizer
- Baxter
- AstraZeneca
- Grifols
- Teva Pharmaceutical Industries
- BoehringerIngelheim
- Kamada Ltd
- GlaxoSmithKline
- CSL Behring
- LFB Biomedicaments
Recent Developments:
- In October 2022, Kamada Ltd., a vertically integrated global biopharmaceutical company focused on specialty plasma-derived therapeutics, announced that it has been awarded a three-year extension of an existing tender from the Canadian Blood Services (CBS) for the supply of four IgG products, CYTOGAM®, HEPAGAM®, VARIZIG®, and WINRHO® SDF, for an estimated total value of $22 million. This award ensures that such items will continue to be sold on the Canadian market. Kamada purchased the four commercial medications, which have been licence by Health Canada and the United States Food and Drug Administration (FDA), in November 2021.
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Key Segments Profiled in the Alpha-1 Antitrypsin Deficiency Market Industry Survey
By Product Type:
- Augmentation Therapy
- Bronchodilators
- Corticosteroids
- Oxygen Therapy
By Application:
- Hospitals
- Specialty Clinics
- Pharmacies
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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