A recent study conducted by Future Market Insights (FMI) has shed light on the remarkable expansion anticipated in the global hyperinsulinemia hypoglycaemia treatment market. The market, valued at USD 100 million in FY 2023, is projected to soar to USD 179.08 million by 2033, reflecting a compound annual growth rate (CAGR) of 6% over the forecast period from 2023 to 2033.
Hyperinsulinemia hypoglycaemia is a condition characterized by an excessive concentration of insulin in the blood, often resulting in severe hypoglycaemia. The study underscores a growing awareness and an evolving diagnostic landscape surrounding this condition. Notably, hyperinsulinism impedes the body’s ability to generate alternative brain fuels, such as ketone bodies, thereby heightening the risk of neurological complications, particularly in infants.
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Key findings from the study reveal that approximately 1 in 3,000 newborns are affected by hyperinsulinemia hypoglycaemia, with 60% diagnosed within the first month of life and an additional 30% within the first year. This highlights the critical need for effective treatment options and heightened awareness among healthcare professionals and caregivers.
“The substantial growth projected in the hyperinsulinemia hypoglycaemia treatment market underscores the increasing recognition of this condition and the urgent need for targeted therapies,” remarked a spokesperson from Future Market Insights. “As advancements in diagnostics and treatment modalities continue to evolve, we anticipate a significant improvement in patient outcomes and quality of life.”
The study underscores the importance of continued research and innovation in the field of hyperinsulinemia hypoglycaemia treatment. With the market poised for substantial growth, stakeholders across the healthcare spectrum are encouraged to collaborate in advancing therapeutic options and enhancing patient care.
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.
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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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