Press release
Key Trend Reshaping the Evkeeza Market in 2025: Regulatory Approval Of Evkeeza Expands Treatment Options For Young Children With Hofh
What market dynamics are playing a key role in accelerating the growth of the evkeeza market?The future growth of the evkeeza market is expected to be fueled by the escalating prevalence of genetic disorders. These disorders are diseases or conditions resulting from DNA irregularities, triggered by mutations in one or more genes or alterations in chromosome structure or number. Technological advancements in diagnostic methods and heightened environmental factors resulting in genetic conditions have led to a surge in genetic disorders. Evkeeza specializes in treating a genetic disorder called homozygous familial hypercholesterolemia (HoFH). It acts by obstructing ANGPTL3, thereby reducing LDL cholesterol levels in patients suffering from this condition. For instance, a forecast by the American Society of Hematology, a US-based non-profit organization, in June 2024 pointed out that by 2050, there will be a 30 percent increase in the number of individuals suffering from sickle cell disease (SCD) worldwide. Consequently, the upsurging genetic disorders are fueling the expansion of the evkeeza market.
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How will the growth rate of the evkeeza market shape industry trends by 2034?
In recent times, the evkeeza market has expanded by XX (HCAGR). The market, which was worth $XX million in 2024, is projected to reach a value of $XX million in 2025, boasting a compound annual growth rate (CAGR) of XX%. This growth trajectory over the historic period was spurred on by the introduction of encouraging regulations and policies, fast-paced advancements in genomics and personalized medicine, an increasing elderly population, positive governmental policies, and the rise in instances like birth defects.
The market size of evkeeza is projected to experience XX (FCAGR) in the upcoming years, reaching $XX million by 2029 with a compound annual growth rate (CAGR) of XX%. The surge in this forecasted period is ascribed to several factors including the increasing cases of hypercholesterolemia, the escalating incidence of rare diseases worldwide, the mounting pressure of rare neurological diseases, and the upward trend in healthcare spending. Major future trends encompass the evolution of specialized treatments, personalized healthcare, the growth of telemedicine and remote patient monitoring, the broadening of patient assistance programs, as well as regulatory approvals.
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What trends are poised to drive the future success of the evkeeza market?
The evkeeza market is noticing a dominant trend of securing regulatory authorizations for medicinal products to extend its influence and consolidate its role in the management of patients with homozygous familial hypercholesterolemia (HoFH). These regulatory permissions are the formal permissions extended by government or regulatory agencies, allowing the marketing and utilization of a drug, medical device, or treatment by consumers. As an illustration, Regeneron Pharmaceuticals Inc., an American biotechnology firm, was granted FDA endorsement for Evkeeza (evinacumab-dgnb) in March 2023, to treat 5 to 11-year-old children suffering from HoFH, a rare genetic syndrome leading to abnormally high LDL cholesterol levels. This signifies the first-ever approval of an ANGPTL3 suppressor for this demographic, thereby offering a novel treatment alternative for roughly 1,300 impacted persons in the United States. Clinical investigations revealed that children undergoing treatment with evkeeza along with other cholesterol-lowering treatments saw an average LDL-C decrease of 48% post 24 weeks.
Which primary segments of the evkeeza market are driving growth and industry transformations?
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 geographical regions are pioneering growth in 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.
Who are the influential players reshaping the evkeeza market landscape?
Major companies operating in the evkeeza market include Regeneron Pharmaceuticals Inc.
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What Is Covered In The Evkeeza Global Market Report?
•Market Size Forecast: Examine the evkeeza market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the evkeeza market for a structured understanding.
•Key Players Overview: Analyze major players in the evkeeza market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the evkeeza market.
•Segment Contributions: Evaluate how different segments drive overall growth in the evkeeza market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the evkeeza market.
•Industry Challenges: Identify potential risks and obstacles affecting the evkeeza market.
•Competitive Landscape: Review strategic developments in the evkeeza market, including expansions, agreements, and new product launches.
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