Press release
Rising Adoption Of Personalized Medicine To Boost The Market Growth: A Key Factor Shaping the Future of the Tegsedi Market in 2025
Tegsedi
The growing adoption of personalized medicine is expected to propel the Tegsedi market forward. Personalized medicine customizes treatment based on an individual's genetic makeup, lifestyle, and environment for more effective results. The rise in personalized medicine is fueled by advances in genomic research, improved diagnostics, and a demand for targeted treatments. Personalized medicine enhances the efficacy and safety of Tegsedi by tailoring treatment to the genetic profiles of patients with hereditary transthyretin-mediated amyloidosis. For example, the Personalized Medicine Coalition noted that in February 2024, the FDA approved 16 new personalized therapies in 2023, up from six in 2022. Hence, the growth in personalized medicine adoption is driving the Tegsedi market.
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What is the future CAGR of the tegsedi market, and how will it impact industry expansion?
The Tegsedi market size has demonstrated XX (HCAGR) in recent years. It will grow from $XX million in 2024 to $XX million in 2025, at a compound annual growth rate (CAGR) of XX%. The growth in the historic period can be attributed to the increasing prevalence of hereditary transthyretin amyloidosis, rising demand for targeted therapies, growing government and regulatory support, a rise in the number of ambulatory care centers, and an increase in the number of medical professionals.
The Tegsedi market is expected to grow to $XX million by 2029 at a CAGR of XX%. This growth will be driven by the rising demand for oral medications, growing awareness of rare genetic disorders, and increasing clinical trials. Technological advancements in personalized medicine, genetic therapies, and combination therapies will be key trends in the forecast period.
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What are the most significant trends transforming the tegsedi market today?
The primary trend in the tegsedi market is evolving towards creative drug classification pricing methods. These methods are aimed to increase accessibility, bolster patient compliance, and expedite market penetration by striking a balance between cost and therapeutic value. The concept of drug classification pricing involves pricing medicines concerning their therapeutic category, effectiveness, market demand, and competition within certain drug classes. For example, U.S.-based biopharmaceutical firm, PTC Therapeutics, Inc., announced in October 2021 that Tegsedi (inotersen) was granted a Category 1 classification - an inventive drug classification pricing by Brazil's Câmara de Regulação do Mercado de Medicamentos (CMED). This distinction recognizes it as a superior treatment compared to existing therapies, a sentiment also shared by the Brazilian Health Regulatory Agency (Anvisa), a Brazil-government institution. Tegsedi is approved for treating Stage 1 or 2 polyneuropathy in adult patients suffering from hereditary transthyretin-mediated amyloidosis (hATTR) and holds the distinction of being the inaugural antisense medication in Brazil aimed at tackling the root cause of the illness. Clinical trials have shown its potential to drastically lower TTR protein degrees and enhance the standard of living for patients.
Which key market segments comprise the tegsedi market and drive its revenue growth?
The tegsedi market covered in this report is segmented -
1) By Indication: Neurological Manifestations; Cardiac Involvement; Other Indications
2) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
3) By End User: Hospitals; Clinics; Ambulatory Care; Home Care
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What regions are at the forefront of tegsedi market expansion?
North America was the largest region in the tegsedi market in 2024. The regions covered in the tegsedi market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the tegsedi market?
Major companies operating in the tegsedi market are Ionis Pharmaceuticals Inc.
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What Is Covered In The Tegsedi Global Market Report?
•Market Size Forecast: Examine the tegsedi market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the tegsedi market for a structured understanding.
•Key Players Overview: Analyze major players in the tegsedi market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the tegsedi market.
•Segment Contributions: Evaluate how different segments drive overall growth in the tegsedi market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the tegsedi market.
•Industry Challenges: Identify potential risks and obstacles affecting the tegsedi market.
•Competitive Landscape: Review strategic developments in the tegsedi market, including expansions, agreements, and new product launches.
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