Huntington's disease is a genetic disorder that causes the degeneration of nerve cells in the brain and leads to deterioration in physical and mental abilities. The symptoms usually appear between the ages of 30 to 50 and includes movement difficulties, emotional issues, and loss of intellectual abilities. Currently, there is no cure for the disease but symptoms are managed through medications and physical therapy. Gene silencing therapies aim to reduce the production of huntingtin protein which causes neurological damage. These therapies hold promise for halting or slowing the progression of the disease by directly targeting its genetic cause.
The global Huntington's Disease Treatment Market is estimated to be valued at Us$ 0.55 Mn in 2024 and is expected to exhibit a CAGR of 4.3% over the forecast period 2024 To 2031, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
Gene silencing therapies for Huntington's disease such as antisense oligonucleotides and RNA interference are expected to drive the market growth during the forecast period. These novel treatment options directly target the Huntingtin gene and have shown promising results in pre-clinical and clinical studies. If approved, they can potentially slow down the progression of the disease, providing patients and their families an effective treatment option. This presents lucrative investment opportunities for market players to develop new gene silencing drugs and gain first-mover advantage in commercialization. The introduction of disease modifying therapies is likely to boost the adoption rates and propel the Huntington's disease treatment market forward.
Porters Analysis
Threat of new entrants: Low due to presence of large established players dominating the market and high capital requirement for R&D.
Bargaining power of buyers: Moderate due to availability of limited treatment options.
Bargaining power of suppliers: High due to intellectual property protection and niche product development.
Threat of new substitutes: Low due to lack of alternative for disease treatment.
Competitive rivalry: High due to presence of few players focusing on specialty rare disease segment.
SWOT Analysis
Strength: Availability of pipeline drugs in clinical trials. Growing awareness regarding disease and treatment.
Weakness: High treatment cost. Absence of cure and palliative care options only provide symptomatic relief.
Opportunity: Significant unmet medical needs. Regional expansion opportunities in emerging markets.
Threats: Stringent regulatory landscape. Delay in drug approval.
Key Takeaways
The Global Huntington's Disease Treatment Market Demand is expected to witness high growth during the forecast period of 2024 to 2031. The global Huntington's Disease Treatment Market is estimated to be valued at US$ 0.55 Mn in 2024 and is expected to exhibit a CAGR of 4.3% over the forecast period 2024 to 2031.
Regional analysis shows that North America dominates the market currently due to growing R&D investments from pharmaceutical companies and presence of key players.
Key players operating in the Huntington's Disease Treatment market are Unilever Plc., Coty Inc., Johnson & Johnson Inc., Proctor & Gamble Co., L€TMOreal S.A., Revlon Inc., Kao Corporation, Avon Products Inc., Beiersdorf AG., Colgate Palmolive Company, Natura & co., and Estee Lauder Inc.
Unilever Plc. holds leading position with its extensive product portfolio catering to dermatological segments. The company focuses on expanding accessibility through partnerships with regional players.
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Huntington's Disease Treatment Market Research Report: by drug type (tetrabenazinedeutetrabenazine, chlorpromazine and others), Treatment (symptomatic therapy, disease-modifying therapy), End-users (hospital and others) - Forecast Till 2027Market Highlights:Huntington Disease is a brain disorder that causes uncontrolled movements, emotional problems, and loss of thinking ability.
Early symptoms can include irritability, depression, small involuntary movements, poor coordination, and trouble learning new information or making decisions.
The individuals suffering from this disorder may have trouble in walking, speaking, and swallowing.
People with this disorder also experience decline in thinking and reasoning abilities.
Individuals suffering with this huntington disease usually live about 15 to 20 years after signs and symptoms begin.Huntington’s disease treatment market is expected to grow in the near future due to rise in incidence of genetic diseases, increasing research and development activities to develop drugs that can be used for treatment of this disorder and developing healthcare sector.
Key players in market are making their position in many developing countries due to the FDI policies regulated within the pharmaceuticals industry in such countries with increasing consumer demands towards maintaining aesthetic appearance is also driving the market for global huntington’s disease treatment market.However, some factors that can hamper the growth of this market are rising side effect associated with drugs, lack of awareness regarding genetic disorder and alternative treatment plan.
