Increasing awareness and diagnosis of the condition Shaping Landscape for Primary Hyperoxaluria Treatment in South & East Asia
According to a new market research report published by Future Market Insights, the global Primary Hyperoxaluria Treatment Market Demand is expected to grow at a CAGR of 8.6% during the forecast period of 2023 to 2033. The market is expected to surpass US$ 41 million in value terms by the end of the aforementioned forecast period.
Primary hyperoxaluria (PH) is a rare hereditary condition that impairs the liver's capacity to metabolise oxalate, resulting in kidney stone production and gradual kidney damage. The Primary Hyperoxaluria Treatment market consists of medications and therapies that try to reduce oxalate formation in the body, manage symptoms, and prevent problems.
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Lumasiran (Oxlumo), an RNA interference (RNAi) therapy that works by preventing the development of the enzyme that creates oxalate in the liver, is one of the most common hyperoxaluria medicines on the market. The FDA approved the medicine in 2020 for the treatment of PH type 1 in children and adults; oxalate-degrading enzymes that can break down oxalate in the gut, reducing the amount of oxalate absorbed into the bloodstream; kidney stone management, as well as dialysis and kidney transplant.
Because of the disease's rarity, the primary hyperoxaluria therapy market is very limited, but with the approval of Lumasiran, there is a rising focus on discovering new medicines for the ailment. Dicerna Pharmaceuticals, Alnylam Pharmaceuticals, and Allena Pharmaceuticals are among the businesses presently developing PH therapies.
Market Drivers
The rising prevalence of primary hyperoxaluria is likely to be a major driving force in the Primary Hyperoxaluria Treatment market. Although the illness is rare, its prevalence has been progressively increasing in recent years.
Primary hyperoxaluria is a hereditary condition that impairs the liver's capacity to metabolise oxalate, causing kidney stones and gradual kidney damage. According to the National Institutes of Health (NIH), the estimated global prevalence of primary hyperoxaluria ranges from one in 100,000 to one in one million people.
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Market Restraints
One of the major issues confronting the PKU medicines market is the disorder's lack of awareness and underdiagnosis. Because primary hyperoxaluria is a rare disease, there is little knowledge of it among healthcare providers and the general population. Delays in diagnosis and treatment can have a negative impact on patient outcomes.
Furthermore, discovering new medicines for rare disorders such as primary hyperoxaluria can be difficult due to a complicated and unclear regulatory environment. This can cause delays in the introduction of new medicines to the market. While there have been some recent breakthroughs in the Primary Hyperoxaluria Treatment market, there are still a number of obstacles that must be addressed in order to enhance patient outcomes and assure the development of more effective and accessible medicines.
Market Competition
Key players in the market include companies such as Competition Deep Dive, Alnylum Pharma, OxThera, Dicerna Pharmaceuticals, Inc., Allena Pharmaceuticals, Biocodex, Tecoland Corporation, Zhejiang Tianxin Pharmaceutical Co., Takeda Pharmaceuticals, Wuxi Further Pharmaceutical Co Ltd, Genentech, along with healthcare providers and technology companies among other global players.
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More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global Primary Hyperoxaluria Treatment market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
Key Segments Profiled in the Primary Hyperoxaluria Treatment Industry Survey
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jul 12, 2023