Huntington's Disease Treatment Market to Reach US$ 1,280.31 Million by 2028

According to IMARC Group's latest research report, titled "Huntington's Disease Treatment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global Huntington's disease treatment market size reached US$ 407.71 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,280.31 Million by 2028, exhibiting a growth rate (CAGR) of 20.46% during 2023-2028.

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Huntington's Disease Treatment Market Outlook:

Huntington's disease is a rare genetic condition that results in the progressive destruction of brain nerve cells. It affects the production of a protein called huntingtin and causes nerve cell damage, leading to various physical, cognitive, and emotional symptoms. It can cause uncontrolled movements or muscle twitches, changes in speech patterns, depression, anxiety, and personality changes. Huntington's disease treatment involves the application of various drugs, such as antipsychotics, antidepressants, antiparkinsonians, and mood-stabilizing drugs. The treatment helps in minimizing the symptoms of movement and psychiatric disorders, assists patients in adapting to new abilities in a shorter time, and develops coping strategies. It also aids in improving everyday tasks and speech, maintaining posture and balance, and enhancing the quality of life.

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Huntington's Disease Treatment Market Trends:

The rising incidences of Huntington's disease among the masses are driving the global market. Furthermore, the increasing demand for advanced drugs to control the motor, cognitive, and psychiatric symptoms associated with Huntington's disease is providing an impetus to the market. Besides, continual advancements in diagnostic techniques are improving early detection of Huntington's disease, allowing for earlier intervention and management of the disease is creating a positive market outlook. Additionally, with continuous innovations in genetic testing and precision medicine, there is a growing interest in developing personalized treatments for Huntington's disease. Other factors, including rising awareness among the masses regarding Huntington's disease, the increasing geriatric population level, significant growth in the healthcare industry, and growing investment in research and development (R&D) activities, are projected to propel the market further.

Key Market Segmentation:

Competitive Landscape with Key Players:

• AOP Health
• Apotex Inc.
• Dr. Reddy's Laboratories Ltd.
• H. Lundbeck A/S
• Hikma Pharmaceuticals PLC
• Lupin Limited
• Prilenia Therapeutics
• Sun Pharmaceutical Industries Limited
• Teva Pharmaceutical Industries Ltd.
• Vaccinex Inc.

Type Insights:

• Symptomatic Treatment
• Disease-modifying Therapies

Drug Type Insights:

• Approved Drugs
• Tetrabenazine
• Deutetrabenazine
• Off-label Drugs

Age Insights:

• Below 50 Years
• Above 50 Years

Distribution Channel Insights:

• Drug Stores and Retail Pharmacies
• Hospital Pharmacies
• Online Pharmacies

End Users Insights:

• Hospitals
• Homecare
• Specialty Clinics
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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This release was published on openPR.