Achondroplasia Market Size to Surpass USD 828.34 Million by 2029, Share, Growth, Demand, Global Trends, Challenges and Competitive Outlook

An international Achondroplasia business research document studies the key factors affecting the market and various opportunities in the market. Moreover, the report aims to examine the overall size of the market and infer the key trends from it. To inspect the market based on market share, product, and product share. Market instructions provided in this market analysis report are very specific and research-backed. They have been created to help players move in the right direction during their journey to achieve success in the market. Achondroplasia report also evaluates the market on the basis of end-users and applications and focus on the growth rate of each application.

The persuasive Achondroplasia Market research reports will be favorable for new comers/new investors, propose investors and private equity enterprises, analysts and prudent business organizers, suppliers, manufacturers, and distributors, and end-use industries. For getting customization of the report, reach DBMR team via email or phone. If there is any special business requirement or necessity of a point by point of the whole research, don't mind, let us know and get the report as needed. Achondroplasia market report enables clients to enhance business efficiency and focus on other core aspects of operations rather than wasting time in market research and reporting needs.

Data Bridge Market Research analyses a growth rate in the global achondroplasia market in the forecast period 2022-2029. The expected CAGR of global achondroplasia market is tend to be around 36.5% in the mentioned forecast period. The market was valued at USD 68.73 million in 2021, and it would grow upto USD 828.34 million by 2029.
Arachnoiditis is also known as achondroplasia dwarfism, which is the bone growth disorder and the most common form of short-limbed dwarfism. It is largely characterized by short stature and short limbs. The genetic defect can be passed from parent to child. Although, in around 80% of instances, achondroplasia is caused by a spontaneous mutation that originates in the developing embryo. It is of great importance to the healthcare sector and thus is expected to rise high in the forecast period

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Market Overview
Drivers
• Increased Incidence of Achondroplasia
The growing prevalence of achondroplasia is projected to drive the market growth during the forecast period. For instance, as per the data published by the European Medicines Agency in June 2021, it is projected that 350 children are born with achondroplasia each year in Europe. This boosts the market growth.
• Increasing Drug Approvals and Launches
The increasing number of drug approvals and launches by major market players is expected to drive market growth. For example, Ascendis Pharma A/S announced on January 13, 2022, that the European Commission (EC) approved TransCon hGH as a once-weekly subcutaneous injection to treat paediatric patients experiencing growth failure due to insufficient endogenous growth hormone secretion or growth hormone deficiency. TransCon hGH contains Somatropin, which delivers unmodified Somatropin (hGH) to the body in therapeutic quantities.

Global Achondroplasia Market Scope And Market Size
The global achondroplasia market is segmented on the basis of treatment, route of administration, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Treatment
• Growth Hormone Therapy
• Surgery
• Supportive Therapy
• Others

Route of Administration
• Oral
• Parenteral
• End-Users

Hospitals
• Homecare
• Speciality Centres
• Others

Distribution Channel
• Hospital Pharmacy
• Online Pharmacy
• Retail Pharmacy

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Key players operating in the global achondroplasia market include:
• Teva Pharmaceutical Industries Ltd (Israel)
• Mylan N.V (U.S.)
• Johnsons & Johnsons Services Inc (U.S.)
• F. Hoffman-La Roche Ltd. (Switzerland)
• Lilly (U.S.)
• Merck & Co., Inc. (U.S.)
• Aurobindo Pharma (India)
• Bristol-Myers Squibb Company (U.S.)
• GSK plc (U.K.)
• Ascendis Pharma A/S (Denmark)
• OCUGEN, INC (U.S.)
• RIBOMIC (Japan)
• QED Therapeutics, Inc (U.S.)

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