The global acrocallosal therapeutics market is currently valued at USD 147.9 Million in 2023 and is anticipated to expand at a CAGR of 10.8%. Owing to the technological advances in healthcare the market is likely to propel to USD 412.4 Million by 2033.
The increasing prevalence of genetic disorder, rising awareness about acrocallosal syndrome therapy, technological advancement and high rate of R&D initiatives are some of the major factors that are driving acrocallosal syndrome therapeutics market.
Another important factor for the growth of the market is growth focus on fast-track approvals for new and upcoming therapies to treat such disorders. Furthermore, recent technological advancements in the field of neurology and neuro-biology has also fueled the development of the global acrocallosal syndrome therapeutics market. Also, increasing awareness about early diagnosis of these disorders might help the market growth in coming years.
North America dominates the acrocallosal syndrome therapeutics market due to the presence of key market players’ presence, along with recent product launches and established healthcare infrastructure, which will accelerate the market’s growth in the region. The significant R&D investments in Europe abode well for market growth.
The manufacturers are involved in the production of acrocallosal syndrome therapeutics in a larger capacity. Research and innovation are also conducted to launch innovative products for acrocallosal syndrome therapeutics.
Key Takeaways from the Market Study:
- As of 2023, the acrocallosal syndrome therapeutics market was valued at USD 147.9 Million.
- From 2023 to 2033, the acrocallosal syndrome therapeutics industry is poised to grow at a 10.8% CAGR.
- By 2033, the acrocallosal syndrome therapeutics market is slated to reach a valuation of USD 412.4 Million.
- Based on the route of administration injectable segment accounts for a market share of 36.4% during the forecast period.
- China is poised to yield a CAGR of 10.1% with respect to acrocallosal syndrome therapeutics in 2033.
“Growing healthcare spending and growing focus on fast-track approvals for new and upcoming therapies to treat such disorders are expected to radically transform the acrocallosal syndrome therapeutics market in the coming years,” comments an analyst at FMI.
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Competitive Landscape:
Arena Pharmaceuticals, Artery Therapeutics, Athera Biotechnologies, Bayer AG, Cardiome Pharma Corp., Cerenis Therapeutics Holding SA, Esperion Therapeutics, GlaxoSmithLline Plc, Lee’s Pharma Corp., Pfizer Inc., Teva Pharmaceutical Industries Ltd., Vitae Pharmaceuticals, Inc. are some of the key players in the acrocallosal syndrome therapeutics industry.
Also, some of the key players are acquiring small pharmaceutical companies to increase their production capacity. Suppliers are focusing on expanding their market presence across the world by initiating new product launches and boosting sales.
- In August 2022, Esperion announced that bempedoic acid (NEXLETOL®) is now recommended as an important oral non-statin therapy for LDL-cholesterol (LDL-C) lowering in the management of atherosclerotic cardiovascular disease (ASCVD) by the American College of Cardiology (ACC) task force on expert consensus decision pathways (ECDP).
- In October 2022, GlaxoSmithKline plc and Tempus entered into a three-year collaboration agreement that provides GSK with access to Tempus’ AI-enabled platform, including its library of de-identified patient data. Through its leading Artificial Intelligence and Machine Learning (AI/ML) capability, GlaxoSmithKline will work together with Tempus to improve clinical trial design, speed up enrolment and identify drug targets. This will contribute to GlaxoSmithKline’s R&D success rate and provide patients with more personalised treatment faster.
Key Segments Covered in the Acrocallosal Syndrome Therapeutics Market Industry Survey:
By Type:
- Losmapimod
- Praluent
- Evolocumab
By Syndromes:
- ST Elevation Myocardial Infarction,
- non-ST Elevation Myocardial Infarction,
- Unstable Angina
By Route of Administration:
- Injectable
- Oral
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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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