Future Market Insights projects that the wilson’s disease diagnostics market sales will develop at a 3.9% compound annual growth rate (CAGR) from 2023 to 2033. Wilson’s disease diagnostics are projected to have a US$ 896 million global market value by 2033.
The global market for Wilson’s disease diagnostics is expected to experience significant growth in the coming years, driven by a number of factors including increasing awareness of the disease, growing demand for genetic testing, and the development of new diagnostic tools.
One of the key drivers of growth in Wilson’s disease diagnostics market is increasing awareness of the disease among healthcare providers and the general public. As awareness of Wilson’s disease grows, more patients are likely to be diagnosed with the disease, creating a larger market for diagnostic tests and other tools.
Another factor contributing to the growth of Wilson’s disease diagnostics market is the development of new diagnostic tools and techniques. For example, researchers are exploring the use of biomarkers in blood and urine samples as a way to more accurately diagnose Wilson’s disease and monitor the progression of the disease over time.
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Genetic testing is also expected to play an increasingly important role in the diagnosis of Wilson’s disease. Advances in genetic sequencing technology have made it possible to rapidly sequence the ATP7B gene and identify mutations associated with the disease. As genetic testing becomes more widely available and affordable, more patients are likely to be diagnosed with Wilson’s disease at an earlier stage, leading to improved outcomes and better quality of life.
Overall, the Wilson’s disease diagnostics market represents a promising area of growth for the healthcare industry, driven by advances in genetic testing and increasing awareness of the disease.
Copper Metabolism Disorder Diagnosis is a rare genetic disorder that causes excessive accumulation of copper in the body. This can lead to liver disease, neurological symptoms, and other health problems. Early diagnosis and treatment are critical to preventing long-term complications.
Key Takeaways:
- The Wilson’s disease diagnostics market is expected to grow at a value of 3.9% CAGR in the forecast period 2023 to 2033
- By distribution channel, hospital pharmacies are expected to hold 43% of the market share in 2023 for Wilson’s disease diagnostics market.
- North America is expected to possess 46% market share for Wilson’s disease diagnostics market in 2023.
- Europe Wilson’s disease diagnostics market size is expected to possess 37% market share in 2023.
“With continued investment in research and development, it is likely that new diagnostic tools and techniques will be developed, leading to improved outcomes and quality of life for patients with Wilson’s disease.” states an FMI analyst
Competitive Landscape
- Ultragenyx Pharmaceutical is a biopharmaceutical company that has been involved in the development of a diagnostic test for Wilson’s disease called WDx. The WDx test is a blood test that measures the levels of ceruloplasmin, a protein that binds to copper in the blood. Low levels of ceruloplasmin are a characteristic feature of Wilson’s disease, and the WDx test can aid in the diagnosis of the condition.
- In 2018, Wilson Therapeutics AB was acquired by Alexion Pharmaceuticals, a biopharmaceutical company focused on the development of treatments for rare diseases. Following the acquisition, Alexion continued the development of WTX101 and submitted the drug for regulatory approval in the United States and Europe. In 2018, the US FDA granted WTX101 Breakthrough Therapy designation for the treatment of Wilson’s disease.
Key Companies :
- Orphalan
- AstraZeneca
- Vivet Therapeutics
- Pfizer
- Ultragenyx Pharmaceutical
- Valeant Pharmaceuticals International, Inc.
- Noblepharma Co., Ltd.
- Merck & Co., Inc.
- Teva Pharmaceuticals
- Wilson Therapeutics AB
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Key Segments:
Drug Class:
- Penicillamine
- Trientine
- Tetrathiomolybdate
Route of Administration:
- Oral
- Parenteral
Distribution Channel:
- Retail Pharmacies
- Hospital Pharmacies
- Online Pharmacies
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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