Rising worldwide medical tourism, an increase in the prescription for combination medicines, and a high potential for development in the undeveloped market will provide enough market growth possibilities.
According to a recent FMI study, the global Alpha-1 Antitrypsin Deficiency market demand would develop at a CAGR of 12.8% between 2023 and 2033. By the end of the evaluation period, the market is expected to be worth US$ 10 billion.
Technological developments, increased R&D spending, and the increasing prevalence of target illnesses are the primary drivers driving market expansion.
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Research and development (R&D) investments are also projected to have a substantial impact on the sector. Several companies are attempting to create a game-changing portfolio by leveraging in-house competencies and expanding those capabilities through strategic alliances, R&D expansion, and future licencing, merger, and acquisition activities.
Key Takeaways from the Market Study
“Within North America, the United States has dominated the market. The rising number of government funding, developments in gene therapy research and development, and the rising penetration of target illnesses are the primary drivers driving the Alpha-1 Antitrypsin Deficiency market expansion,” says an analyst at FMI
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Market Competition
To address the present patient pool's requests and counter the therapeutic market's unmet needs, drug developers are increasingly moving their focus to alpha-1 antitrypsin deficiency (AATD).
Many novel medicines are being developed by several businesses, including ARO-AAT (Arrowhead Pharmaceutical), Alvelestat (Mereo Biopharma), and Inhaled AAT (Kamada).
ARO-AAT (Arrowhead Pharmaceutical) is a second-generation subcutaneously given drug that lowers hepatic synthesis of the mutant AAT protein by knocking down the alpha-1 antitrypsin (AAT) gene transcript. The business is now undertaking Phase II clinical studies to assess the drug's safety, tolerability, and pharmacodynamic impact in AATD patients. Key players in the Alpha-1 Antitrypsin Deficiency (A1ATD) market are:
Recent Developments:
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Key Segments Profiled in the Alpha-1 Antitrypsin Deficiency Market Industry Survey
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Jun 09, 2023