Phenylketonuria Treatment Market Outlook
According to the report by Expert Market Research (EMR), the global phenylketonuria treatment market share is projected to grow at a CAGR of 9.3% between 2023 and 2031. Aided by the escalating demand for effective therapeutic solutions and the evolving applications of treatments for phenylketonuria, the market is expected to grow significantly by 2031.
Phenylketonuria (PKU) is a genetic disorder characterised by a deficiency in the enzyme phenylalanine hydroxylase. This condition leads to an accumulation of phenylalanine in the blood, which can cause severe cognitive impairment if not treated appropriately. The primary treatments for phenylketonuria involve dietary adjustments, nutritional supplements, and enzyme replacement therapies, which have demonstrated a significant impact on improving patient outcomes and quality of life.
The increasing demand for effective PKU treatments is driving the global phenylketonuria treatment market growth. The rising prevalence of phenylketonuria globally, coupled with the intensifying need for superior therapeutic options, has been crucial in driving the market’s expansion. Moreover, the improvement in diagnostic methodologies has resulted in better detection and management of PKU cases, further fuelling the market growth.
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The expanding applications of various PKU treatments are another vital factor boosting the phenylketonuria treatment market expansion. For instance, the pharmaceutical industry has made strides in the development of enzyme replacement therapies and other novel therapeutic approaches that have significantly improved the management of PKU. Notably, the introduction of therapies like Pegvaliase, a phenylalanine-metabolising enzyme, offers promising outcomes for adults with phenylketonuria.
Moreover, the rising focus on developing alternative dietary treatments, including the formulation of low-phenylalanine foods and special dietary supplements, has also been instrumental in augmenting the phenylketonuria treatment market development. With the rise in healthcare investments and advancements in nutritional science, there has been an increased emphasis on developing dietary solutions that can help manage PKU without compromising on patients’ nutritional needs.
Due to the rising preference of health care practitioners for using dietary supplements to treat patients with phenylketonuria, the dietary supplement segment, among other product categories, accounts for a sizeable portion of the phenylketonuria treatment market. The oral route remains the more preferred route of administration over parenteral due to its ease of administration and convenience.
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Phenylketonuria Treatment Market Segmentation
The market can be divided based on disease type, product type, route of administration, distribution channel, and region.
Market Breakup by Disease Type
- Mild PKU
- Moderate or Variant
- Classic PKU
Market Breakup by Product Type
- Dietary Supplements
Market Breakup by Route of Administration
Market Breakup by Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global phenylketonuria treatment companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Boehringer Ingelheim International GmbH
- Eisai Co., Ltd.
- Pfizer, Inc
- Sanofi SA
- Teva Pharmaceutical Industries Ltd.
- Aspen Holdings
- Mitsubishi Tanabe Pharma Corporation.
- Abbott Laboratories
- GlaxoSmithKline plc.
- Bristol-Myers Squibb Company
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