Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
IN THE NEWSIntroduction to Huntington’s Disease
Huntington’s disease is a rare genetic condition that affects the brain and results in degeneration of the nerve cells. It occurs between the age of 30 and 50 and worsens with time. The disorder usually becomes fatal after 20 years of its incidence. The symptoms of this disorder include mood swings, depression, forgetfulness, involuntary movement or chorea and weight loss. It is associated with Parkinson’s disease and Alzheimer’s as well as other health complications. Huntington’s disease can be diagnosed through CT scans and MRIs.
Market Size and Forecast
As per the Huntington’s disease Society of America, there are about 30,000 symptomatic people the United States, while over 200,000 people are at risk of inheriting the disease.
The Huntington's disease treatment market is anticipated to record a significantly high CAGR over the forecast period, i.e., 2019-2027. National Institute of Health’s Genetics Home Reference estimates that about 30-50% of children with this disease experience seizures. Further, Huntington’s disease in children progresses more rapidly than in adults and the affected people live 10-15 years longer after the appearance of the symptoms. The market is segmented by drug, by distribution channel and by region. On the basis of drug, the market is segmented into tetrabenazine, antidepressants, antipsychotic drugs, tranquilizers and others, out of which, the tetrabenazine segment is anticipated to witness a substantially high growth in the Huntington's disease treatment market. The drug tetrabenazine has been developed for the treatment of movement disorders. It received FDA approval in 2008, following which it is being used for the treatment of chorea, a form of involuntary movement disorder linked with the Huntington’s disease. CLICK TO DOWNLOAD SAMPLE REPORT
Growth Drivers
Growing Adoption of Improved Medications and Therapies to Drive the Demand for Effective Treatments
The involvement of major market players in researching for a cure for Huntington’s disease (HD) is a significant factor estimated to result in the market growth. This can be attributed to the rising patient population and prevalence of disease globally, mainly in the North America and Europe region. The requirement for disease-modifying drugs and other treatment methods for HD that is not yet fulfilled is predicted to further impact the market growth positively.
Growing Research and Development Activities to Raise the Market Growth
Since there is no proper treatment or medication for Huntington’s disease, there is a huge scope of research and development of its treatment methods. This is anticipated to significantly raise the market growth over the forecast period. Moreover, the promising government initiatives that promote the development of new drugs is estimated to be another factor supporting the market growth.
Restraints
Limited Availability of Drugs to Hamper the Market Growth
The number of approved drugs for Huntington’s disease are limited as a result of strict policies and regulations. This is anticipated to hinder the market growth over the forecast period. Furthermore, the lack of awareness about this disorder in major parts of the world is predicted to restrict the growth of Huntington’s disease treatment market.
Market Segmentation
Our in-depth analysis of the Huntington's disease treatment market includes the following segments:
By Drug
By Distribution Channel
By Region
On the basis of regional analysis, the Huntington's disease treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Based on region, the market in North America is anticipated to hold the largest market share over the forecast period on account of development of new drugs in the region, mainly in the United States. The growing research and development activities in the region are predicted to lead to the innovation of highly effective and improved drugs for the treatment of this disorder. The market in Europe is estimated to hold the second largest share in the market as a result of growing elderly population along with rising research and development activities aiming at Huntington’s disease in the region. The market in Asia Pacific region is anticipated to remain the same as the incidence of this disease is highly rare in the region.
The Huntington's disease treatment market is further classified on the basis of region as follows:
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