As per a recently published study by Future Market Insights, the global Andersen Tawil syndrome treatment market is expected to surpass an impressive valuation of US$ 1.9 Billion in 2023 and is projected to reach US$ 4.2 Billion by 2033, with a CAGR of 8.26%. Rising government assistance, provision of incentives to pharmaceutical companies, increasing awareness among people and social groups, the physician to physician communication to find effective treatment methods to treat rare diseases, increase in facilities for patients, rise in the incentives for research due to the prevalence of non-profit organizations that promote health to treat rare diseases will contribute to the expansion of the market.
Easy international access to data on the Andersen-Tawil syndrome in recent years is supporting associated research efforts which aids in market expansion. Also, growing government investments and incentives towards rare disease research are supporting in creating drug demand for Andersen Tawil syndrome.
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Moreover, growing involvement of private and public organizations supporting treatment and raising awareness will positively influence future developments. However, low prevalence of the Andersen-Tawil syndrome and dearth of awareness remains a key problem hurting market players. High risk of misdiagnosis and undiagnosed cases continue as key issues which restrain industry’s growth. Further, High costs associated to rare disease research will hold back innovations and growth prospects which will hinder growth.
There are few other factors that hold back growth of the global market, such as the challenges in the research and development, delay in diagnosis thereby delaying the treatment, limitations with respect to expertise, characteristic dearth of attractiveness from an economic standpoint, which eventually has resulted in the lack of commercial interest for private investors, lack of regulatory framework in developing economies coupled with lack of skilled healthcare personnel.
Key Takeaways
- Increasing focus of the government to prioritize drugs for the treatment of rare diseases are expected to propel growth
- Increasing participation of organizations to support the treatment and to create awareness is also anticipated to drive growth of the market.
- Growth in R&D investments by the key players in the Andersen-Tawil Syndrome Market is also expected to aid in market expansion.
- North America is expected to dominate the market of Andersen Tawil syndrome.
- South Asia is projected to witness fastest growth during the forecast period.
- Type 1 Andersen Tawil Syndrome is projected to dominate the market with 59% market share by 2033.
“Increased government funding efforts aimed towards improving diagnostic procedures is anticipated to generate lucrative prospects for the participants in the Andersen-Tawil syndrome market. Non-profit organizations are playing key roles in raising awareness positively influencing market developments”, comments an FMI analyst.
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Competitive Landscape
Key players in the Andersen Tawil Syndrome Market are: Teva Pharmaceuticals Ltd, Zydus Pharmaceuticals, Inc., Sun Pharmaceuticals Industries Ltd., Advanz Pharmaceuticals, Novartis AG, Mylan N.V, Aurobindo Pharma, Dr. Reddy’s Laboratories Ltd., Viatris Inc., and Pfizer Inc.
Some recent developments in this market are:
- In April 2021, Teva Pharmaceuticals was acquired by Karo Pharma Aktiebolag with the aim of gaining the European OTC brand portfolios and drug research including rare disease solutions. Also, Sun Pharmaceutical Industries Ltd. announced the acquisition of 66% ownership interest in Trikaal Mediinfotech, and AWACS, through its subsidiary ABCD Technologies LLP.
- In December 2016, Strongbridge Biopharma plc has acquired U.S. commercialization rights for Keveyis from Taro Pharmaceutical Industries Ltd (a subsidiary of Sun Pharmaceutical Industries Ltd) for the treatment of periodic paralysis. Under the terms of agreement, Taro Pharmaceutical Industries Ltd to receive an upfront payment of USD 8.50 mm and is also eligible to receive additional future payments upon the achievement of certain sales unit milestones. The acquisition of U.S. rights expands company’s rare disease portfolio to include neuromuscular diseases.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the Bullous Keratopathy market, presenting historical analysis from 2017 to 2022 and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of Disease type (Type 1, Type 2) By Drug class (Carbonic Anhydrate Inhibitors, Acetazolamide, Dichlorpenamide, Antiarrhythmic Drugs, Amiodarone, Flecainide, Beta-Blockers, Atenolol) By Distribution channel (Hospital Pharmacies, Retail pharmacies, Online Pharmacies) and by region (North America, Latin America, Europe, South Asia, East Asia, Oceania MEA)
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Key Segments Profiled in the Andersen Tawil Syndrome Treatment Market Industry survey
Disease Type:
- Type 1
- Type 2
Drug Class:
- Carbonic Anhydrate Inhibitors
- Acetazolamide
- Dichloropenamide
- Antiarrhythmic Drugs
- Amiodarone
- Flecainide
- Beta-Blockers
- Atenolol
Distribution Channel:
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
About FMI:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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