Huntington's Disease Market Size, Share, Growth and Report 2023-2030

Huntington's Disease Market Size:
The Global Huntington's Disease Market is estimated to grow at a high CAGR during the forecast period 2023-2030.
Huntington's disease is a rare genetic condition that results in the gradual disintegration of nerve cells in the brain, mostly impacting bodily movements, emotions, and cognitive functions. The signs of this condition may develop at any age; however, they usually appear between the ages of 30 and 40. This ailment is known as juvenile Huntington's disease if it develops before age 20.

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Market Drivers: Growing Government Initiatives to Increase Awareness of the Disease to Fuel Market Growth
Globally, government bodies are actively introducing new programs, campaigns, and beneficiary schemes to increase awareness regarding this condition and educate patients about available treatment options. These initiatives are expected to increase the number of cases diagnosed with the disease, leading to a rise in demand for innovative drugs.

The U.K. government and the Association of British Insurers (ABI) signed the code on genetic testing and insurance, in which the applicant will get a life insurance coverage of over USD 694,444.4 if the predictive genetic test for this disease shows positive results. Such initiatives by government bodies would eventually lead to early diagnosis and timely Huntington's disease treatment of patients, leading to market growth.

Market Trends: Novel Approaches Targeting Core Symptoms of the Disease to Create Growth Opportunities
Some of the prevalent trends in the worldwide market include increased R&D activities by market participants to provide innovative therapy choices that may address the disease's fundamental symptoms. Lowering and modifying Huntington's (HTT) gene expression or extending neurotransmission or electric synaptic transmission are two emerging techniques for controlling or managing the symptoms of this disorder.

SOM3355, for example, is a Vesicular Monoamine Transport (VMAT) inhibitor that works by interfering with how dopamine impulses are transmitted between neurons or synaptic transmission. The firm focuses on treating uncommon disorders such as Huntington's disease by repurposing already established and studied medications.

As a result, research and development activities such as precision medicines and gene therapy for the treatment of core illness symptoms might add to the market's growth prospects.

Huntington's Disease Market Segmentation:
The Huntington's disease market is segmented by product type into antidopaminergics, anticonvulsants, antipsychotics, and antidepressants, by distribution channel into clinic centers, pharmacies, and online.

In 2022, the pharmacies segment held the largest share of the global market. This is because hospital pharmacies are responsible for the procurement of prescription therapeutics, which are necessary for the treatment of various medical conditions.
This segment's dominance is because most medications can only be prescribed by trained medical professionals after thorough examinations at these institutions.

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Huntington's Disease Market Key Players:
The major global players in the Huntington's disease market include
Teva Pharmaceuticals
Pfizer
Rosemont Pharma
Merck & Co
Eli Lilly Company

Huntington's Disease Market Analysis:
North America is expected to hold the largest segment due to the drug pipeline, the prevalence of Huntington's disease, and increasing clinical trials.
For instance, according to the Journal of Neurology Research 2022 issue, the worldwide prevalence is extensively varied with an equal distribution between men and women. It is estimated in 5-10 cases per 100,000 inhabitants. Annual incidence varies between one and four cases per million inhabitants.

Key Developments:
On July 2023, Lupin Inc., based in Somerset, New Jersey, U.S. received approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application for Chlorpromazine Hydrochloride Tablets.

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