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Frontotemporal Disorders Treatment Market Size
Frontotemporal Disorders Treatment Market size is projected to demonstrate commendable progress during 2024-2032. The rising cases of frontotemporal disorders (FTDs) worldwide is giving rise to several brain disorders, including Alzheimer’s disease (AD) and dementia among the elderly population.
According to a report published by the Alzheimer's Association in 2023, around 6.7 million Americans aged 65 years and over suffer from Alzheimer's disease. Without medical advancements that prevent, slow down, and cure ADs, this number may increase to 13.8 million by 2060. This disease penetration will positively influence the demand for frontotemporal disorder treatment in the coming years.
Several governments and medical agencies across the world are also introducing multiple financial grants to support the development of advanced drugs and devices to effectively treat frontotemporal diseases. For example, in October 2023, Penn Medicine received a $5 million grant from the Delaware Community Foundation for researching the fundamental processes of Alzheimer's disease and associated dementias. Such initiatives are expected to propel the industry dynamics. However, the market gains may face challenges, such as limited understanding of disease mechanisms, lack of specific targeted therapies, and regulatory complexities in drug development.
Frontotemporal Disorders Treatment Market Trends
Rising innovations in identifying targeted pharmacological interventions coupled with evolving technologies are driving the development of novel treatment methods. The quest for effective therapeutics for frontotemporal disorders is leading to an expanding pipeline, further showcasing promising opportunities. Lately, pharmaceutical companies are also investing significantly in R&D activities to address the intricate nature of these disorders. To cite an instance, AviadoBio initiated a Phase I/II trial to investigate its gene therapy AVB-101 in individuals suffering from frontotemporal dementia caused by GRN mutations. With the advancing drug discovery methodologies across the globe.
Frontotemporal Disorders Treatment Market Analysis
Based on disease, the frontotemporal disorders treatment industry is divided into primary progressive aphasia (PPA), behavioral variant frontotemporal dementia, and motor decline. The market size from the behavioral variant frontotemporal dementia (bvFTD) segment is anticipated to record a notable CAGR from 2024-2032. This can be attributed to the emerging need for better care and supervision of patients suffering from bvFTD. The ongoing research regarding the creation of innovative treatments to manage the symptoms of FTDs is likely to fuel the industry development. For instance, in December 2023, Vesper Bio, a Danish biotech business, dosed the first participant in the Phase I study of VES001, an oral therapy for frontotemporal dementia.
The frontotemporal disorders treatment market share from the antidepressant segment is expected to grow at a steady rate during 2024-2032. Antidepressants are being widely prescribed by doctors as they can control a patient’s cortisol levels and behavioral symptoms associated with FTDs, including depression, social anxiety, and dysthymia. The emergence of new drug launches is also predicted to fuel the product consumption.
The North America frontotemporal disorders treatment market is likely to witness a robust CAGR between 2024 and 2032, driven by high-quality healthcare infrastructure and the rising cases of dementia and other neurodegenerative disorders in the region. Collaborations between pharmaceutical companies and research institutions are driving R&D efforts in FTDs treatment.
Additionally, the increasing investments in clinical trials, genetic research, and personalized medicine approaches coupled with supportive government policies and regulatory frameworks will enhance the regional market dynamics. For instance, in May 2023, the U.S. FDA granted supplementary approval to Rexulti (brexpiprazole) oral tablets for the treatment of agitation associated with Alzheimer's dementia.
Frontotemporal Disorders Treatment Market Share
Some of the leading firms operating in the frontotemporal disorders treatment industry are -
- AstraZeneca
- Eli Lilly & Co.
- Allergan
- GlaxoSmithKline
- Johnson & Johnson
- Sanofi
- Merck
- Pfizer
- Mylan
Prominent frontotemporal disorders treatment companies are focusing on advancing therapeutic options through clinical trials, for harnessing cutting-edge technologies, and targeting genetic factors. Additionally, these industry players are engaging in advocacy efforts, raising awareness and garnering support for frontotemporal disorders. To illustrate, Pfizer emerged as a key market player by actively contributing to R&D initiatives, clinical trials, and strategic collaborations to advance therapeutic options for patients.
Frontotemporal Disorders Treatment Industry News
- In October 2023, Kyowa Kirin acquired Orchard Therapeutics to maximize the value of Libmeldy® while effectively accelerating the advancement of the latter’s next-in-line MPS programs and other early research programs, such as a severe genetic form of Crohn's disease and FTD.