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Hypophosphatasia Treatment Market Outlook 2024: Exclusive Report By The Business Research Company
Hypophosphatasia Treatment Market
The Business Research Company offers in-depth market insights through Hypophosphatasia Treatment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The hypophosphatasia treatment market size has grown steadily in recent years. It will grow from $2.68 billion in 2023 to $2.81 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to limited treatment options, increasing awareness, globalization of clinical trials, healthcare infrastructure development, investments and funding.
The hypophosphatasia treatment market size is expected to see strong growth in the next few years. It will grow to $3.45 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to emerging therapies, increasing patient pool, precision medicine trends, government initiatives, increasing disease awareness. Major trends in the forecast period include advancements in therapeutic approaches, research and development initiatives, market expansion and global reach, collaborations and partnerships, regulatory landscape.
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Market Segmentation:
The hypophosphatasia treatment market covered in this report is segmented -
1) By Type: Odontohypophosphatasia, Pseudohypophosphatasia, Other Types
2) By Treatment: Enzyme Replacement Therapy, Medication, Surgery, Other Treatments
3) By Route of Administration: Oral, Injectable
4) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy
5) By End User: Hospitals, Homecare, Specialty Clinics, Other End Users
Major Driver - The Role Of Increasing Biomedical Research Investments In Driving Hypophosphatasia Treatment Market Growth
The increasing investments in biomedical research activities are expected to propel the growth of the hypophosphatasia treatment market going forward. Investments in biomedical research activities refer to the investments made for the verification of biomedical science theories through scientific research techniques and the expansion of information regarding unique aspects of human health. Investments in biomedical research help in the development of new drugs and therapies for the quick and better treatment of hypophosphatasia, a rare inherited bone disorder. For instance, in September 2023, according to a report published by Centers for Medicare & Medicaid Services, a US-based federal agency, national health expenditure experienced a 2.7% growth in 2021, reaching $4.3 trillion, equivalent to $12,914 per person, and constituting 18.3% of the Gross Domestic Product (GDP). Over the period from 2022 to 2031, the average growth in national health expenditure is projected to be 5.4%, surpassing the average GDP growth of 4.6%. This trajectory is expected to result in an increase in the health spending share of GDP from 18.3% in 2021 to 19.6% in 2031. Therefore, the increasing investments in biomedical research activities are driving the growth of the hypophosphatasia treatment market.
Competitive Landscape:
Major companies operating in the hypophosphatasia treatment market report are Kirin Holdings Company Limited, Vericel Corporation, Mereo Biopharma Group plc, Novartis AG, AM-Pharma B.V., Bayer AG, Pfizer Inc., Ultragenyx Pharmaceutical Inc., BioMarin Pharmaceutical Inc., Prior Company Ltd., Enobia Pharma Corporation, AstraZeneca plc, Rallybio Corporation, AbCellera Biologics Inc., Inozyme Pharma Inc., Aruvant Sciences Pte. Ltd., Alexion Pharmaceuticals Inc., Asfotase Alfa, Merck Co. & KGaA, Kyowa Kirin Co.Ltd., Shire plc, Sanofi S.A., GlaxoSmithKline plc, Eli Lilly and Company, Roche Holding AG, Johnson & Johnson Services Inc., AbbVie Inc., Amgen Inc., Biogen Inc., Bristol-Myers Squibb Company, Celgene Corporation, Gilead Sciences Inc., Incyte Corporation, Ipsen S.A., Jazz Pharmaceuticals plc, Mallinckrodt Pharmaceuticals, Regeneron Pharmaceuticals Inc. .
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Top Trend - The Rise Of Strategic Partnerships In The Hypophosphatasia Treatment Market
Strategic partnerships have emerged as a key trend gaining popularity in the hypophosphatasia market. Major companies operating in the hypophosphatasia market are focused on partnerships and collaborations to strengthen their position in the market. For instance, in November 2021, Genomenon Inc., a US-based genomics company, collaborated with AstraZeneca, a UK-based biotechnology company, to improve access to crucial data for the detection and management of some rare disorders, including hypophosphatasia. The collaboration aims to equip genetic testing facilities with the information required to identify rare diseases. Furthermore, in June 2021, Aruvant Sciences, a US-based clinical-stage biopharmaceutical company, partnered with a US-based biotechnology company, Aldevron Madison LLC, to help in the development of potentially curative and life-saving medicines for people suffering from deadly illnesses such as sickle cell anemia and hypophosphatasia.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hypophosphatasia Treatment Market Characteristics
3. Hypophosphatasia Treatment Market Trends And Strategies
4. Hypophosphatasia Treatment Market - Macro Economic Scenario
5. Hypophosphatasia Treatment Market Size And Growth
…..
27. Hypophosphatasia Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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