In 2023, the global Hypophospatasia Treatment market sales is anticipated to be worth US$ 16.13 million. Global demand for Hypophospatasia Treatment is expected to develop at a 5.0% CAGR between 2023 and 2033, reaching roughly US$ 26.27 million by 2033 as a result of rising alcohol use. An rise in R&D efforts is one of the primary factors expected to boost the growth of the Hypophospatasia Treatment Market during the forecast period. Furthermore, the rising demand for disease-specific innovative treatments is expected to drive market growth in the coming years.
Furthermore, factors such as increased government and non-profit initiatives to raise public awareness about rare diseases in various countries result in a gradual increase in the diagnosis rate of unusual diseases. As a result, key factors such as good reimbursement policies and government funding for treatment in developed nations are increasing the rate of acceptance of this therapy. As a result, these factors are anticipated to increase the market’s revenue share throughout the forecast period.
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Other factors expected to drive market growth include an increase in the global incidence of rare diseases, increased demand for Hypophospatasia Drugs to improve the treatment of rare diseases, and an increase in government spending on healthcare infrastructure, such as favourable reimbursement for HPP. Furthermore, the increased availability of HPP therapies as well as the increased use of HPP drugs have an impact on the market’s revenue share. Furthermore, increased population, increased awareness, improved healthcare infrastructure, and less stringent guidelines for rare diseases all contribute to the growth of the hypophospatasia market. Furthermore, advancements in HPP therapy, as well as government support for treatment, provide profitable opportunities to market participants during the analysis period.
Key Takeaways from the Market Study
- By the end of 2022, the global Hypophospatasia Treatment market was worth US$ 15.36 million.
- From 2018 to 2022, market demand increased at a 2.6% CAGR.
- The Odontohypophospatasia segment of the market accounts for the majority of the market with a 48% market share.
- The Medication segment dominates the market by Treatment Type, accounting for 47% of the market.
- Hypophospatasia Treatment sales are predicted to grow at a CAGR of 5.0% between 2023 and 2033.
- The market for Hypophospatasia Treatment is anticipated to reach US$ 26.27 Mn by 2033.
“An upsurge in financial support to researchers for developing new innovative drugs for treatment of hypophospatasia, coupled with strong product pipeline are expected to fuel the Hypophospatasia Treatment market over the analysis period,” remarks an FMI analyst.
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Competitive Landscape
Prominent players in the Hypophospatasia Treatment market are Kirin Holdings Company, Vericel Corporation, Mereo BioPharma Group plc., Novartis AG, AM Pharma B.V., Alexion, Bayer AG, Enobia Pharma, and Pfizer, Inc., among others.
Recent Developments:
- Rallybio and its partner Exscientia have been working towards the selection of a small molecule development candidate to proceed into the clinic targeting ENPP1 for the treatment of hypophospatasia (HPP) patients since November 2022.
- Significant progress has been achieved in identifying a lead drug and generating mice in vivo biomarker evidence to suggest on-target activity modulation. In vivo efficacy data is expected in the second half of 2023 as a result of this collaboration with a renowned global HPP expert. Following such findings, both businesses plan to begin investigational new drug (IND)-enabling studies.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global Hypophosphatasia Treatment Market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the Hypophospatasia Treatment Market, the market is segmented on the basis of type, treatment type, and end user, across seven major regions.
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Key Segments Covered in the Hypophospatasia Treatment Industry Analysis
Hypophospatasia Treatment Market by Type:
- Odontohypophospatasia
- Pseudohypophospatasia
Hypophospatasia Treatment Market by Treatment Type:
- Medication
- Asfotase Alfa
- Non-steroidal Anti-inflammatory Drugs
- Calcitonin
- Strensiq
- Surgery
Hypophospatasia Treatment Market by End User:
- Hospitals
- Pharmacies
- Others
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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