Huntingtons Disease Treatment Market – By Drugs (Tetrabenazine, Deutetrabenazine), Type (Branded, Generic), Distribution Channel (Hospital, Retail, Online Pharmacies, Retail Pharmacies) – Global Forecast (2024 – 2032)
Report ID: GMI10732
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Published Date: August 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 10
Tables & Figures: 204
Countries covered: 22
Pages: 112
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Huntington’s Disease Treatment Market Size
Huntington’s Disease Treatment Market size in 2023 was valued at USD 457.5 million and is poised to grow at 20.8% CAGR from 2024 to 2032. The market is experiencing significant growth, driven by the increasing prevalence of the disease and advancements in medical research.
Improved diagnostic tools and greater awareness have led to more cases being identified, which, in turn, boosts the demand for effective treatments. Advancements in genetic testing allow for earlier and more accurate diagnoses, resulting in timely interventions. Additionally, the introduction of generic versions of essential drugs like tetrabenazine has made treatments more accessible and affordable, further expanding the market.
Furthermore, increased funding and investments from governments, private investors, and pharmaceutical companies support the discovery and development of new therapies, further boosting market growth. The global aging population, which is more susceptible to neurodegenerative diseases, is also expected to drive demand for Huntington’s disease (HD) treatments.
HD treatment involves managing symptoms, as there is no cure. HD is characterized by a combination of motor, cognitive, and psychiatric symptoms, including involuntary movements (chorea), coordination problems, cognitive decline, and emotional disturbances. Pharmacological treatments include drugs like tetrabenazine and deutetrabenazine for chorea, and antipsychotics like haloperidol and olanzapine for psychiatric symptoms.
Huntington’s Disease Treatment Market Trends
Huntington’s Disease Treatment Market Analysis
Based on drugs, the market is classified into tetrabenazine, deutetrabenazine and other drugs. The tetrabenazine segment dominated the market with 47.8% of market share in 2023.
Based on type, the Huntington’s disease treatment market is segmented into branded and generic. The branded segment accounted for USD 258 million in 2023.
Based on distribution channel, the Huntington’s disease treatment market is bifurcated into hospital pharmacies, retail pharmacies and online pharmacies. The hospital pharmacies segment held highest market share and is expected to reach USD 1.1 billion by 2032.
North America Huntington’s disease treatment market in 2023 was valued at USD 183.9 million and is expected to grow lucratively at 20.7% CAGR.
The U.S. Huntington’s disease treatment market accounted for USD 167.7 million in 2023 and is projected to reach USD 894.4 million by 2032.
China Huntington’s disease treatment market is anticipated to experience remarkable growth over the forecast period.
India is expected to showcase significant growth in global Huntington’s disease treatment market.
Huntington’s Disease Treatment Market Share
The Huntington’s disease treatment industry is characterized by a dynamic competitive landscape, with significant market share held by key pharmaceutical companies that offer specialized therapies for symptom management. The collaborations between pharmaceutical firms, research institutions, and patient advocacy groups are driving advancements and expanding treatment options.
Huntington’s Disease Treatment Market Companies
Prominent players operating in the Huntington’s disease treatment industry include:
Huntington’s Disease Treatment Industry News:
The Huntington’s disease treatment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Drugs
Market, By Type
Market, By Distribution Channel
The above information is provided for the following regions and countries: