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Growth Of The Evkeeza Market Driven By Increasing Genetic Disorders: Major Factor in the Transformation of the Evkeeza Market in 2025
What Are the Market Size and Growth Forecast for the Evkeeza Market?In recent years, the evkeeza market size has expanded by $XX. Forecasts suggest that the market will see growth from $XX million in 2024 to $XX million the following year, with a compound annual growth rate (CAGR) of $XX%. The significant expansion observed in the historical period can be largely credited to the introduction of beneficial regulations and policies, groundbreaking developments in genomics and personalized medicine, an increasing aged population, supportive government initiatives, and the rise of circumstances such as birth defects.
Forecasted projections for the evkeeza market size predict a growth trajectory of $XX over the upcoming years, culminating in a value of $XX million by 2029 at a compound annual growth rate (CAGR) of $XX%. The expected surge during this forecast period is largely due to an increasing number of hypercholesterolemia cases, a climbing rate of rare diseases worldwide, a burgeoning load of rare neurological disorders, and heightened investment in healthcare. Key trends expected to emerge during the said period involve the creation of specialty drugs, tailored medicine, telemedicine and remote monitoring, the broadening of patient support programs, and regulatory approvals.
What Is Contributing to the Growth of the Evkeeza Market?
The escalating frequency of genetic anomalies is predicted to fuel the expansion of the evkeeza market in the forthcoming years. Genetic abnormalities, resulting from gene mutations or variations in chromosome structure or quantity, lead to diseases or disorders. Enhanced diagnostic approaches and increasing environmental factors contributing to genetic conditions have led to the rise in genetic disorders. Evkeeza, acting by inhibiting ANGPTL3, is utilized for treating homozygous familial hypercholesterolemia (HoFH), a genetic illness, by reducing LDL cholesterol levels in patients suffering from this condition. For instance, the American Society of Hematology, a non-profit organization based in the US, predicted in June 2024 that by 2050, there would be an estimated 30 percent increase in the global population suffering from sickle cell disease (SCD). Consequently, the surge in genetic disorders is fueling the evkeeza market growth.
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Which Key Market Leaders Are Driving Evkeeza Industry Growth?
Major companies operating in the evkeeza market include Regeneron Pharmaceuticals Inc.
What Are the Latest Innovations in the Evkeeza Market?
A leading trend in the evkeeza market is achieving regulatory green lights to extend its scope and consolidate its role in treating individuals with homozygous familial hypercholesterolemia (HoFH). These regulatory approvals are official permissions given by government or regulatory authorities allowing a drug, medical device, or treatment to be made accessible to the public for usage. For example, in March 2023, FDA approval was granted to Regeneron Pharmaceuticals Inc., an American biotech firm, for the use of Evkeeza (evinacumab-dgnb) on young children aged between 5 and 11 who suffer from homozygous familial hypercholesterolemia (HoFH), a rare genetic disorder associated with extremely elevated levels of LDL cholesterol. This clearance represents the first-ever approval for an ANGPTL3 inhibitor for children of this age, providing a fresh treatment alternatives for close to 1,300 affected individuals in the U.S. Clinical studies demonstrated that children who received evkeeza in combination with other lipid-lowering therapies saw an average decrease of 48% in LDL-C levels over a period of 24 weeks.
What Are the Main Segments in the Evkeeza Market?
The evkeeza market covered in this report is segmented -
1) By Indication: Primary Hypercholesterolemia, Homozygous Familial Hypercholesterolemia
2) By Route Of Administration: Intravenous (IV) Infusion, Self-Administration, Subcutaneous (SC) Administration, Hospital Infusion Centers, Infusion In Ambulatory Care Settings
3) By Distribution Channel: Hospital Pharmacies, Specialty Pharmacies, Online Pharmacies
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Which Geographic Area Leads the Evkeeza Market?
North America was the largest region in the evkeeza market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the evkeeza market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Evkeeza Global Market Report?
- Market Size Analysis: Analyze the evkeeza Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the evkeeza market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall evkeeza market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the evkeeza market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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