Carglumic Acid Market - By Dosage Form (Orally Disintegrating Tablets, Dispersible Tablets), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), & Global Forecast 2024 – 2032
Report ID: GMI8505
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Published Date: March 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 11
Tables & Figures: 136
Countries covered: 22
Pages: 100
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Carglumic Acid Market
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Carglumic Acid Market Size
Carglumic Acid Market size was valued at around USD 148.6 million in 2023 and is expected to reach around USD 280 million by 2032 at a CAGR of 7.1% during the forecast period. The growing prevalence of metabolic diseases is anticipated to be among primary factor propelling the growth of the market.
The rising incidences of metabolic diseases globally, including metabolic syndrome, type 2 diabetes mellitus, hypertension, and non-alcoholic fatty liver disease (NAFLD) are a growing concern, with significant increases observed in prevalence rates over the years. According to the Centers for Disease Control and Prevention (CDC), nearly half of adults in the U.S. have hypertension, affecting an estimated 119.9 million adults.
Additionally, the World Health Organization (WHO) emphasizes the importance of early diagnosis through regular check-ups and blood tests to prevent the worst effects of type 2 diabetes. This rise in the prevalence of such metabolic conditions is anticipated as a key factor contributing to the growth of the market.
Carglumic acid is a medication used for the treatment of hyperammonemia, a condition characterized by elevated levels of ammonia in the blood. Hyperammonemia can be caused by various metabolic disorders, including urea cycle disorders. Carglumic acid works by promoting the excretion of ammonia in the urine, thereby reducing its concentration in the blood.
Carglumic Acid Market Trends
The rise in awareness coupled with surging research and development (R&D) activities by key industry players is crucial in addressing metabolic diseases. Industry organizations are actively involved in the development of treatments and solutions for metabolic disorders.
Carglumic Acid Market Analysis
Based on dosage form, the carglumic acid market is segmented into orally disintegrating tablets, dispersible tablets, and other dosage forms. The dispersible tablets segment held leading revenue share in 2023 and is anticipated to reach USD 164.5 million by 2032.
The carglumic acid market by distribution channel is categorized into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment dominates the market with the revenue of around USD 77 million in 2023.
North America carglumic acid market accounted for USD 60.4 million revenue in 2023 and is predicted to witness substantial market growth.
Carglumic Acid Market Share
The carglumic acid industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced product based on different technologies is among a key market strategy.
Carglumic Acid Market Companies
Some of the eminent market participants operating in the carglumic acid industry include:
Carglumic Acid Industry News:
Carglumic acid market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Dosage Form
Market, By Distribution Channel
The above information is provided for the following regions and countries: