A recent study by Future Market Insights (FMI) highlights significant growth in the global hyperinsulinemia hypoglycaemia treatment market, projected to escalate from US$ 100 million in FY 2023 to US$ 179.08 million by 2033. The market is anticipated to expand at a compound annual growth rate (CAGR) of 6% during the forecast period from 2023 to 2033.
This steady increase underscores a heightened awareness and an improving diagnostic landscape for hyperinsulinemia hypoglycaemia, a condition marked by an excessive concentration of insulin in the blood, commonly leading to severe hypoglycaemia. Hyperinsulinism notably hinders the body’s ability to produce alternative fuels for the brain, such as ketone bodies, heightening the risk of neurological sequelae, especially in infants. This condition affects approximately 1 in 3,000 newborns, with 60% diagnosed in the first month and an additional 30% within the first year.
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The market’s growth is primarily driven by the increasing incidence of Type 1 diabetes diagnoses and the advent of novel glucagon formulations that are improving therapeutic outcomes over traditional hospital treatments. Additionally, the escalating trends towards meticulous glucose monitoring in managing insulin-dependent diabetes are set to profoundly impact therapeutic success across the market.
Geographically, North America is expected to dominate with a 25% market share during the forecast period, propelled by an increase in disease prevalence and advanced healthcare infrastructure. Meanwhile, the Asia-Pacific region is poised to witness substantial growth, driven by increased healthcare expenditure and heightened awareness about the condition.
FMI’s report provides an exhaustive analysis of current treatment practices, emerging drugs, and detailed market segmentation, delivering insights into individual therapies and their market shares from 2018 to 2022.
The hyperinsulinemia hypoglycaemia treatment market’s expansion signals a proactive shift towards enhanced treatment modalities and preventive measures, aiming to mitigate neurologic impacts and improve quality of life for affected individuals. As the market evolves, stakeholders are encouraged to focus on innovative solutions and patient-centric approaches to address this challenging medical condition effectively.
Key Takeaways from the Market Study:
- The studies show that the market is expected to grows approximately double over the 2023–2033 period at a compound annual growth Rate (CAGR) of 4.8%.
- Increase in the prevalence of hyperinsulinemia hypoglycaemia is one of the biggest drivers in the market as it is common in certain populations affecting 1 in 3000 newborns, where 60% of the babies with HI are diagnosed with hyperinsulinemia hypoglycaemia in the first month itself. An additional 30% get diagnosed in the first year and the remainder after that.
- Prevalence of type 1 diabetes (T1D) diagnoses, and the uptake of novel glucagon formulations will drive therapy usage over hospital treatment.
- North America is assumed to acquire a market share of 25% in the forecast period followed by Asia-Pacific is anticipated to exhibit significant growth in all the regions over the forecast period, with a CAGR of 5% during the forecast period.
“With substance abuse becoming an area of major concern, healthcare providers are looking to collaborate with various entities, including governmental bodies, to push for legalization, as well as develop novel treatment drugs, which will provide ample opportunities for companies to develop key drugs,” remarks an analyst at FMI.
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Competitive Landscape:
Majority of hyperinsulinemia hypoglycaemia treatments are based on counselling and therapy, healthcare companies are conducting extensive clinical trials, implementing research & development projects and collaborating with major funding agencies and other established market players.
- In September 2022, Novo Nordisk and Microsoft entered a new strategic collaboration to combine Microsoft’s computational services, cloud, AI, with development and data science capabilities. Through the partnership, Microsoft is providing AI technology, foundation science models, and expertise and is working along the Novo Nordisk data scientists.
Key Companies Profiled:
- BCG Matrix
- PESTLE Analysis
- SWOT Analysis
- Porter’s five forces
- Market Entry Strategies, Inc.
- Eisai Inc.
- Eli Lilly
- Novo Nordisk
- Novartis AG
- Xeris pharmaceuticals
- Hanmi Pharmaceutical Co. Ltd.
Key Segments Profiled in the Hyperinsulinemia Hypoglycaemia Treatment Industry Analysis:
By Type:
- Pipeline Development Activities
By Treatment:
- Drug class
- Route of administration
- Distribution channel
By End User:
- Hospitals and Clinics
- Rehabilitation Centers
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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