Infinium Global Research has added a new report on Phenylketonuria Treatment Market. The report covers the analysis of global as well as regional markets of phenylketonuria treatment. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run.
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Phenylketonuria (PKU) is an inborn error of metabolism in which levels of phenylalanine are increases in blood. PKU is caused by a defect in the gene that helps create the enzyme needed to break down phenylalanine. It is detected during the first day of life with the appropriate blood test. Phenylketonuria may cause intellectual disability, seizures, behavior problems and delayed development and other health problems. Additionally, it may also lead to a musty smell and lighter skin. Treatment for phenylketonuria is to keep plasma phenylalanine levels within 120-360 µmol/L. This is generally achieved by the appropriate diet plan.
Increasing Prevalence of Phenylketonuria Across the Globe is the Major Factor Driving the Growth of Phenylketonuria Market
Increasing prevalence of phenylketonuria across the globe is the major factor driving the growth of Phenylketonuria market. Moreover, growth in research and development of novel drugs for Phenylketonuria treatment is also another factor augmenting the market growth. Additionally, the introduction of new gene therapy, for the treatment of PKU and growing awareness about PKU is estimated to further enhance the market growth. However, the high cost of treatment and strict government regulation are anticipated to hamper the growth of the market.
As per the National organization of rare disorders, it is reported an incidence of PKU from newborn screening programs ranges from one in 13,500 to 19,000 newborns in the United States. The severity of phenylketonuria is uncommon in the U.S., owing to the early screening and availability of improved treatment soon after birth. Which in turns, hampering the growth in U.S. region. Furthermore, an increase in merger and acquisition, collaborations among key manufacturers are anticipated to creates growth opportunities for the phenylketonuria treatment market in the coming years.
North America is Anticipated to Hold Maximum Share in Phenylketonuria Treatment Market
Among the regions, North America is anticipated to hold maximum share in phenylketonuria treatment market. The growth is attributed due to highly developed infrastructures and high awareness regarding early treatment of phenylketonuria. Moreover, initiatives taken by governments for the treatment of phenylketonuria, technological advancement, and the presence of leading manufacturers are some supporting factors responsible for market growth. Furthermore, Asia Pacific is expected to witness significant CAGR during the forecast period owing to an increase in R & D activities for the development of drugs for phenylketonuria and growth in healthcare expenditures.
Phenylketonuria Treatment Market: Segmentation
The report on global phenylketonuria treatment market covers segments such as product type, route of administration, and distribution channel. On the basis of product type, the sub-markets include dietary supplement, and drugs. On the basis of route of administration, the sub-markets include oral, and parenteral. On the basis of distribution channel, the sub-markets include hospital pharmacies, online pharmacies, pediatric clinics, and drug stores.
Phenylketonuria Treatment Market: Competitive Landscape
The report provides profiles of the companies in the market such as Erytech Pharma, Daiichi Sankyo Company, Limited, SOM Innovation Biotech, S.L., Codexis, Inc., Synthetic Biologics, Inc., American Gene Technologies International Inc, Dimension Therapeutics, Inc, BioMarin Pharmaceutical Inc., Cambrooke Therapeutics, Inc., and Danone.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Phenylketonuria Treatment.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.