Press release
China Huntington's Disease Therapeutics Market Business Scenario Analysis By Global Industry Trend, and Opportunity Assessment till 2028
Report OverviewThe China Huntington's Disease Therapeutics market size stood at USD xx billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 41.6% during the forecast period.
Huntingtons disease is a genetic, progressive, neurodegenerative disorder characterized by the gradual development of involuntary muscle movements affecting the hands, feet, face, and trunk and progressive deterioration of cognitive processes and memory (dementia). The global prevalence of Huntington's disease to be 0.40/100,000 people, with an average age at onset of 40 years.
Market Drivers
China is a growing market for Huntingtons disease due to increased adaptation to novel therapeutics and increasing global prevalence rate (0.40/100,000). In addition to these other factors such as increased R&D activities and rising awareness among the people leads to growth of the market.
There are some restraining factors for growth of Huntingtons disease therapeutics market in China such as limited funding for high-cost drugs and complex diagnostic procedures.
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Major Players
Some of the key players in the Huntington's disease therapeutics market are Teva Pharmaceutical Industries Ltd; Neurocrine Biosciences Inc; Pfizer Inc; H. Lundbeck A/S.
Key players are adopting various strategies such as strategic collaboration, partnership and licensing agreement to increase their market share. For instance, Neurocrine Biosciences entered into an exclusive collaboration and licensing agreement with Mitsubishi Tanabe Pharma Corporation for the development and commercialization of valbenazine for movement disorders in China and other Asian countries.
In May 2020 Teva Pharmaceuticals' Austedo (Deutetrabenazine tablets) has been approved by China's National Medical Products Administration (NMPA) for treating Huntington's disease.
The report delivers the challenges in front of the China Huntington's Disease Therapeutics Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the China Huntington's Disease Therapeuticss Market including the current trends, growth opportunities, restraints, and market drivers.
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Market Segmentation
By Therapy:
On the basis of the therapy, the China Huntington's disease therapeutics market is segmented into physical therapy and occupational therapy.
Physical therapy can help maintain mobility and prevent falls through tailored exercises for the patient. This can be complemented by occupational therapy that helps the patient establish coping strategies and identify ways to make his or her life easier, either through simple changes or the introduction of assistive devices.
By Drug Type:
On the basis of the drug type, the China Huntington's disease therapeutics market is segmented into antipsychotics, antidepressants and anticonvulsants.
Antipsychotics consist of drugs such as Haloperidol and Quetiapine. Antidepressants includes Fluoxetine, Bupropion, Venlafaxine and Nefazodone. Anticonvulsant drug include Lamotrigine. These drugs are preferred for treatment for instance, Antidepressants, mainly selective serotonin reuptake inhibitors are frequently used to treat Huntington's patients' depression. They can also alleviate some symptoms of obsessive-compulsive disorder.
Antipsychotic medications can help manage psychiatric symptoms associated with Huntington's disease, including agitation and psychosis.
By Distribution Channels:
Based on the distribution channels, China Huntington's disease therapeutics market is segmented into hospitals, retail, online pharmacies. During the forecast period (2020-2028) retail pharmacies and online pharmacies will dominate the HAE therapeutics market due to easy accessibility, increase in preference for online pharmacies and discounted rate on medicines at these pharmacies. Hospital pharmacies are second largest distribution channels during the forecast period.
Major Players
Some of the key players in the Huntington's disease therapeutics market are Teva Pharmaceutical Industries Ltd; Neurocrine Biosciences Inc; Pfizer Inc; H. Lundbeck A/S.
Key players are adopting various strategies such as strategic collaboration, partnership and licensing agreement to increase their market share. For instance, Neurocrine Biosciences entered into an exclusive collaboration and licensing agreement with Mitsubishi Tanabe Pharma Corporation for the development and commercialization of valbenazine for movement disorders in China and other Asian countries.
In May 2020 Teva Pharmaceuticals' Austedo (Deutetrabenazine tablets) has been approved by China's National Medical Products Administration (NMPA) for treating Huntington's disease.
The China Huntington's Disease Therapeutics Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the China Huntington's Disease Therapeutics market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the China Huntington's Disease Therapeutics Market.
International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic China Huntington's Disease Therapeutics market. Each section of the research study is specially prepared to explore key aspects of the global China Huntington's Disease Therapeutics Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global China Huntington's Disease Therapeutics market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.
This post-pandemic business planning research will aid clients to:
• Adjust their strategic planning to move ahead once business stability kicks in.
• Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.
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Strategic Points Covered in Table of Content of Global China Huntington's Disease Therapeutics Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the China Huntington's Disease Therapeutics market
Chapter 2: Exclusive Summary - the basic information of the China Huntington's Disease Therapeutics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the China Huntington's Disease Therapeutics
Chapter 4: Presenting the China Huntington's Disease Therapeutics Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the China Huntington's Disease Therapeutics market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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