The global Aarskog Scott syndrome treatment market is anticipated to increase dramatically, reaching US$6 billion by 2033 from a predicted US$3.20 billion in 2023. This suggests a robust compound annual growth rate (CAGR) of 6.5% for the estimated period of 2023–2033. This rise surpasses the typical CAGR of 3% between 2018 and 2022.
Aarskog-Scott syndrome is a rare genetic disorder that affects growth, particularly of the face and stature. Since there is currently no known cure, treatment focuses on managing symptoms and improving quality of life.
It is anticipated that one in 25,000 people may need therapy for Aarskog Scott syndrome. In the near future, this will probably increase the size of the worldwide market for Aarskog Scott syndrome treatments. Growth hormone adoption and patient and physician knowledge are expected to increase as a result of growth hormone therapy for patients with Aarskog Scott syndrome. These are a few other variables that may encourage the market for treatments for Aarskog Scott syndrome.
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Moreover, adoption of surgeries for treatment of various orthodontic issues and eye defects is a key factor that is expected to boost the demand for accurate management or treatment of this condition. In addition, North America and Europe are two major regions contributing to the growth of Aarskog Scott syndrome treatment market owing to the increasing rate of diagnostic tests along with ongoing clinical trials in the region.
Key Takeaways from the Market Study
- Aarskog Scott syndrome treatment market is expected to grow at a value of 6.5% CAGR in the forecast period 2023-2033.
- By end user, hospitals are expected to hold 40% market share for Aarskog Scott syndrome treatment market in 2023.
- North America is expected to possess 40% market share for Aasrkog Scott syndrome market in 2023.
- Europe is expected to hold 35% market share for Aarskog Scott syndrome treatment market in 2023.
“Increasing prevalence of Aarskog Scott syndrome treatment is expected to increase demand for treatment. This, in turn, is expected to drive the overall market growth.” states an FMI analyst
Competitive Landscape
Key players in the Aarskog Scott syndrome treatment market are VECTOR BIOLABS, Santa Cruz Biotechnology, Inc, MyBiosource, Inc, Pfizer, Novo Nordisk, Eli Lilly and Company, GeneScience Pharmaceuticals Co., Ltd, Johnson & Johnson Private Limited, Medtronic, Sanofi
- Pfizer, a key player in the Aarskog Scott syndrome treatment market is focusing on investing in research and development to create therapeutic treatments to treat the ailment.
- GeneScience Pharmaceuticals Co., Ltd, another a key player in the Aarskog Scott syndrome treatment market is focusing on investing in extensive research and development to innovate medications for treating Aarskog Scott syndrome treatment.
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Key Segments Profiled in the Aarskog Scott Syndrome Treatment Market Industry Survey
Type:
- Facial
- Limb
- Genital
- Others
Treatment:
- Growth Hormone Therapy
- Inguinal Hernia Repair Surgery
- Cryptorchidism Surgery
- Cleft Lip Or Palate Surgery
- Strabismus Treatment
- Nystagmus Treatment
- Auxiliary Treatment
Diagnosis:
- Genetic Testing
- X-ray
- Others
End User:
- Hospitals
- Clinics
- Ambulatory Surgical Centres
- Others
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