The global Aarskog Scott syndrome treatment market is expected to grow significantly from a projected US$3.20 billion in 2023 to US$6 billion by 2033. This indicates a strong 6.5% compound annual growth rate (CAGR) for the 2023–2033 projected period. The historical CAGR of 3% between 2018 and 2022 is surpassed by this growth.
A rare genetic condition called Aarskog-Scott syndrome affects growth, especially of the face and stature. As of right now, there is no known cure; instead, care aims to control symptoms and enhance quality of life.
One in 25,000 persons are estimated to require treatment for Aarskog Scott syndrome. This will most likely boost the global market for treatments for Aarskog Scott syndrome in the near future. Benefits of growth hormone therapy for Aarskog Scott syndrome patients are anticipated to boost growth hormone adoption and patient and physician awareness. These are a few more factors that can stimulate the Aarskog Scott syndrome treatment industry.
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Moreover, adoption of surgeries for treatment of various orthodontic issues and eye defects is a key factor that is expected to boost the demand for accurate management or treatment of this condition. In addition, North America and Europe are two major regions contributing to the growth of Aarskog Scott syndrome treatment market owing to the increasing rate of diagnostic tests along with ongoing clinical trials in the region.
Key Takeaways from the Market Study
- Aarskog Scott syndrome treatment market is expected to grow at a value of 6.5% CAGR in the forecast period 2023-2033.
- By end user, hospitals are expected to hold 40% market share for Aarskog Scott syndrome treatment market in 2023.
- North America is expected to possess 40% market share for Aasrkog Scott syndrome market in 2023.
- Europe is expected to hold 35% market share for Aarskog Scott syndrome treatment market in 2023.
“Increasing prevalence of Aarskog Scott syndrome treatment is expected to increase demand for treatment. This, in turn, is expected to drive the overall market growth.” states an FMI analyst
Competitive Landscape
Key players in the Aarskog Scott syndrome treatment market are VECTOR BIOLABS, Santa Cruz Biotechnology, Inc, MyBiosource, Inc, Pfizer, Novo Nordisk, Eli Lilly and Company, GeneScience Pharmaceuticals Co., Ltd, Johnson & Johnson Private Limited, Medtronic, Sanofi
- Pfizer, a key player in the Aarskog Scott syndrome treatment market is focusing on investing in research and development to create therapeutic treatments to treat the ailment.
- GeneScience Pharmaceuticals Co., Ltd, another a key player in the Aarskog Scott syndrome treatment market is focusing on investing in extensive research and development to innovate medications for treating Aarskog Scott syndrome treatment.
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Key Segments Profiled in the Aarskog Scott Syndrome Treatment Market Industry Survey
Type:
- Facial
- Limb
- Genital
- Others
Treatment:
- Growth Hormone Therapy
- Inguinal Hernia Repair Surgery
- Cryptorchidism Surgery
- Cleft Lip Or Palate Surgery
- Strabismus Treatment
- Nystagmus Treatment
- Auxiliary Treatment
Diagnosis:
- Genetic Testing
- X-ray
- Others
End User:
- Hospitals
- Clinics
- Ambulatory Surgical Centres
- Others
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