Huntington's Disease Market Size, Demand, Growth, Covid 19 Impact Analysis, Share, Revenue And Forecast 2024-2033

Market Definition

Huntington's disease is a neurodegenerative disorder caused by a mutation in the HTT gene. This gene provides instructions for making a protein called huntingtin. Huntingtin is involved in the development and function of neurons in the brain.

Market Outlook

The HTT gene mutation causes an abnormal expansion of a section of DNA called CAG repeats. This expansion leads to the production of an abnormally long huntingtin protein. The abnormal huntingtin protein interferes with the normal functioning of neurons and causes the death of these cells.
Symptoms of Huntington's disease typically begin in adulthood and worsen over time. They include involuntary movements called chorea, cognitive decline, and emotional disturbances. Huntington's disease is diagnosed based on the presence of the HTT gene mutation and a family history of the disorder. There is no cure for Huntington's disease, and treatments are focused on relieving symptoms.

In the past decade, there have been significant advances in our understanding of Huntington's disease (HD), paving the way for new treatments. The HD market is currently small, but is expected to grow as more treatments are approved and awareness of the disease increases.

The most notable recent development in HD is the approval of the first ever therapeutic drug, Spinraza (nusinersen), in December 2016. Spinraza is an antisense oligonucleotide that targets the mutated huntingtin protein and has been shown to improve motor function and delay disease progression in clinical trials. This is a major breakthrough for HD patients and their families, and is expected to drive growth in the HD market in the coming years.

Other key trends in the HD market include:

• Increasing awareness of the disease. In the past, HD was often misdiagnosed or not diagnosed at all, due to its similarity to other neurological conditions.

• Improved diagnosis and treatment options. In addition to Spinraza, there are a number of other promising HD treatments in development, including small molecule drugs, gene therapy, and stem cell therapy. These new treatments are expected to improve HD patient's quality of life and extend their life expectancy.

• Growing prevalence of HD. HD is a progressive, degenerative disease with no cure. The number of people affected by HD is expected to increase as the population ages and the average life expectancy increases.

• Increasing costs of HD care. HD is a complex disease that requires lifelong treatment. The costs of HD care are expected to increase as more treatments are approved and the number of people affected by HD grows.

• There are a number of key drivers of the Huntington's disease market.

• Firstly, the increasing prevalence of the condition is a key driver. Huntington's disease is a progressive neurodegenerative disorder that typically affects people in their 30s or 40s. The condition is characterized by a number of symptoms including involuntary movements, cognitive decline, and psychiatric problems. The prevalence of Huntington's disease is thought to be around 5-10 per 100,000 people.

• Secondly, the development of new treatments is a key driver of the Huntington's disease market. There are a number of new treatments in development that are showing promise in clinical trials. These new treatments are aimed at slowing the progression of the disease and improving the quality of life for patients.

• Thirdly, the increasing awareness of the condition is a key driver of the Huntington's disease market. The condition is often under-diagnosed and many people are not aware that they may be at risk of developing the disease. The increasing awareness of the condition is leading to more people being diagnosed and treated.

• Fourthly, the availability of government funding is a key driver of the Huntington's disease market. In the United States, the National Institutes of Health (NIH) is the main source of funding for research into Huntington's disease. The NIH provides funding for a number of clinical trials and research projects.

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Research Objectives

• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

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Market Segments

The Huntington's Disease market is bifurcated into Treatment and Region. On the basis of Treatment, the Huntington's Disease market is bifurcated into Symptomatic Treatment and Disease-Modifying Therapies. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

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Key Players

Some of the key players of Huntington's Disease Market are AbbVie (US), Acorda Therapeutics (US), Amgen (US), BioMarin Pharmaceutical (US), F. Hoffmann-La Roche (US), Ionis Pharmaceuticals (US), Janssen Pharmaceuticals (US), Pfizer (US), Sanofi (France), and Shire (UK).

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Research Scope

• Scope - Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing - Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics - Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework - Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape - Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles - Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.

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This release was published on openPR.