Hutchinson-Gilford Progeria Syndrome (HGPS) Therapeutics Market Targets US$ 233.05 Billion Valuation by 2033

Hutchinson Gilford progeria syndrome market is predicted to have a market value of US$ 103.07 billion in 2023 and grow at a compound annual growth rate (CAGR) of 8.5% to reach a market value of US$ 233.05 billion by 2033. The world's population is growing, which is causing an increase in the number of instances with Hutchinson-Gilford progeria syndrome and so driving up the market for the condition. From 2017 to 2022, the Hutchinson Gilford progeria syndrome market has a compound annual growth rate (CAGR) of 5.5%.

In the coming years, it is anticipated that the market for Hutchinson Gilford progeria syndrome treatments will grow quickly. The market for treatments for Hutchinson-Gilford Progeria Syndrome (HGPS) is likely to be primarily driven by the introduction of novel therapies and an increase in HGPS cases. The affected patients have a maximum life expectancy of 30 years, with an average life expectancy of 13 years. Almost 90% of patients die as a result of complications related to atherosclerosis.

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There was only one FDA-approved drug for the treatment of progeria until 2020. The other available treatment options were mostly aimed at reducing cardiovascular symptoms and growth abnormalities. Major institutes’ research and development activities to find novel therapies for age-related conditions are expected to provide lucrative opportunities for global market players.

Key Takeaways :

• Hutchinson Gilford progeria syndrome market is expected to grow at a value of 8.5% CAGR for the forecast period 2023-2033
• Hospitals & surgical centres are expected to hold 50% market share for Hutchinson Gilford progeria syndrome market in 2023.
• North America is expected to possess 45% market share for Hutchinson Gilford progeria syndrome market in 2023.
• Asia Pacific Hutchinson Gilford progeria syndrome market size is expected to possess 40% market share in 2023.

“Increasing population across the globe along with investment by key players in therapeutics treatments and medication is creating lucrative opportunities for Hutchinson Gilford progeria syndrome market”states an FMI analyst

Competitive Landscape

Key players in the Hutchinson-Gilford progeria syndrome market Eiger BioPharmaceuticals, Teva Pharmaceutical, Inc., Amgen, Sanofi, Novartis AG, Schering-Plough, PRG Science & Technology Co., Ltd, Micro Interventional Devices Inc, Boston Scientific Corporation, CryoLife Inc.

• Micro Interventional Devices Inc, a key player in the Hutchinson Gilford progeria syndrome market is focusing on investing in research and development for innovating medications for treating Hutchinson-Gilford progeria syndrome.
• Boston Scientific Corporation, another key player in the Hutchinson Gilford progeria syndrome market has undertaken extensive research to innovate medication and treatment to increase the life cycle of patients suffering from Hutchinson Gilford progeria syndrome.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global Hutchinson Gilford progeria syndrome market, presenting historical analysis from 2017 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of Treatment (Farnesyltransferase Inhibitor (FTI), MRI scan, Hearing tests, Cardiovascular, Others), End User (Hospitals & Surgical Centres, Specialty Clinics, Others) regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Key Segments:

Treatment:

• Farnesyltransferase Inhibitor (FTI)
• MRI scan
• Hearing tests
• Cardiovascular
• Others

End User:

• Hospitals & Surgical Centres
• Specialty Clinics
• Others

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Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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