United Kingdom Friedreich Ataxia Therapeutics Market Report with Executive Summary, Size, Analysis and Forecast to 2023-2028

Report Overview

The UK Friedreich Ataxia (FRDA) Therapeutics market size stood at around USD xx billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Friedreichs ataxia (FRDA) is the most common inherited ataxia in the UK. FRDA is a genetic, progressive, neurodegenerative movement disorder, that primarily affects the nervous system and the heart with a typical age of onset between 10 and 15 years. The disease begins in childhood resulting in the impairment of muscle coordination that might get worse over time. FRDA is caused by a mutation in a gene labeled FXN and people with FRDA inherit a mutation from each parent, so they have mutations in both copies of their FXN gene. This gene carries the genetic code for the protein frataxin.

Initial symptoms may include unsteady posture, frequent falling, and progressive difficulty in walking due to impaired ability to coordinate voluntary movements (ataxia). Affected individuals often develop slurred speech (dysarthria), characteristic foot deformities, and an irregular curvature of the spine (scoliosis), and cardiomyopathy. About a third of the people with FRDA develop diabetes mellitus. Estimates from a study suggest that around one person in 30,000 has FRDA. This would mean there are about 2000 people with FRDA in the UK and correspondingly prevalence is about 1.8 per 100,000 in the UK.

Market Growth Drivers

The UK Friedreich ataxia management market is primarily driven by promising pipeline drugs targeting treatment for Friedreich ataxia, an increase in the geriatric population, and the growing application of precision medicine in neurodegenerative diseases. Increasing incidence and prevalence of Friedreich ataxia expected to boost the market growth during the forecast period.

Higher patient population with genetic strains of ataxia, and government initiatives to curb these disorders are anticipated to propel the market during the forecast period and various

support organizations for patient diagnosis & treatment. An increase in the number of drugs in clinical trials and a rise in research & development expenditure for medication treating neurological conditions is projected to drive the market.

Market Restraints

However, an increase in the cost of medical treatment, lack of awareness of rare diseases, and occurrence of side effects in related currently available treatments may hamper the Friedreich ataxia treatment market growth.

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Top Major Players

The UK Friedreich ataxia disorder treatment market is highly competitive and provides a great opportunity for market players to account for the maximum market share. Numerous companies having drugs in the pipeline have received positive results in clinical trials. As Omaveloxolone registered positive results as a potential therapy for Friedreich ataxia. Thus, the prominent players in the Friedreich ataxia treatment market include Reata Pharmaceuticals Inc, Agilis Biotherapeutics, PTC Therapeutics Inc. Apopharma Corporate, and Minoryx Therapeutics Inc. among others.

The report delivers the challenges in front of the United Kingdom Friedreich Ataxia 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 United Kingdom Friedreich Ataxia Therapeuticss Market including the current trends, growth opportunities, restraints, and market drivers.

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Market Segmentation

By Diagnosis:

Based on the diagnosis, the Friedreich ataxia suspected in an individual based on clinical examination, thus FRDA treatment market can be bifurcated into

Nerve conduction studies
Echocardiography
Magnetic resonance imaging (MRI)
Genetic counseling
Vitamin E deficiency
Specialized blood tests (for estimation of FBC, U&E, and glucose)
Others

The FRDA diagnosis is generally confirmed by molecular genetic testing to look for mutations in the FXN gene that cause the disease.

By Treatment:

In terms of treatment type, the Friedreich ataxia treatment market can be segmented into

Physical therapy
Speech therapy
Occupational therapy
Gene therapy
Orthopedic surgery
Anti-arrhythmic agents
Anti-cardiac failure medications
Oral hypoglycaemic drugs
Other medications

The pharmacotherapy segment accounted for a major market share due to better efficacy to treat symptoms, long-lasting effects, and pipeline products. Thus, projected to exhibit strong growth during the forecast period.

By Distribution Channels:

In terms of distribution channels, the Friedreich ataxia treatment market has been classified into

Hospital Pharmacies
Retail pharmacies
Online pharmacies

The hospital pharmacies segment is anticipated to dominate the market during the forecast period, due to the large inventory maintained by hospitals and the availability of essential drugs at hospital pharmacies.

Top Major Players

The UK Friedreich ataxia disorder treatment market is highly competitive and provides a great opportunity for market players to account for the maximum market share. Numerous companies having drugs in the pipeline have received positive results in clinical trials. As Omaveloxolone registered positive results as a potential therapy for Friedreich ataxia. Thus, the prominent players in the Friedreich ataxia treatment market include Reata Pharmaceuticals Inc, Agilis Biotherapeutics, PTC Therapeutics Inc. Apopharma Corporate, and Minoryx Therapeutics Inc. among others.

The United Kingdom Friedreich Ataxia 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 United Kingdom Friedreich Ataxia 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 United Kingdom Friedreich Ataxia 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 United Kingdom Friedreich Ataxia Therapeutics market. Each section of the research study is specially prepared to explore key aspects of the global United Kingdom Friedreich Ataxia Therapeutics Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global United Kingdom Friedreich Ataxia Therapeutics market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

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Strategic Points Covered in Table of Content of Global United Kingdom Friedreich Ataxia Therapeutics Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the United Kingdom Friedreich Ataxia Therapeutics market
Chapter 2: Exclusive Summary - the basic information of the United Kingdom Friedreich Ataxia Therapeutics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the United Kingdom Friedreich Ataxia Therapeutics
Chapter 4: Presenting the United Kingdom Friedreich Ataxia 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 United Kingdom Friedreich Ataxia 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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