The global Hermansky-Pudlak Syndrome (HPS) therapeutics market was valued at US$ 6 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2033, when it is predicted to reach US$ 12 billion. The development of the global hermansky pudlak syndrome therapeutics market is mostly due to high costs associated with R&D activities related to the manufacture of recombinant factors and advancements in patient treatment technologies.
The industry is propelled by a sizable customer base that is becoming more conscious of pressing issues, accessible fixes, and advantageous recompense practices. The expiration of existing brands’ patents will make the profitable Hermansky Pudlak Syndrome Therapeutics market more accessible to generic medication makers.
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The market for hermansky pudlak syndrome therapeutics is primarily centered in Western countries like North America and Europe because branded drugs are very expensive. Low-cost drugs would help enter markets in developing and impoverished countries where patients cannot afford pricey medical treatments. Consequently, the Middle East and Africa, Asia-Pacific (APAC), and Latin America would see rapid market expansion due to the accessibility of affordable generic medications.
Market Competition
Leading hermansky pudlak syndrome Therapeutics companies are concentrating on strategic initiatives such as partnership development, acquisitions, mergers, and others. These steps are being taken to improve the market position.
Recent Developments:
- In October 2022, Ferring Pharmaceuticals and Blackstone Life Sciences announced a restructured cooperation in nadofaragene firadonavec, an experimental new gene therapy in late-stage research for patients with high-grade, Bacillus Calmette-Guerin refractory, non-muscle invasive bladder cancer.
- In August 2022, American Regent, Inc., a California-based maker of medicines for human and veterinary use with production facilities in New York and Ohio, announced the acquisition of HBT Labs, Inc. HBT Labs offers a pipeline of generic and 505(b)(2) pharmaceutical medicines that target a variety of therapeutic indications, including cancer and CNS diseases.
Key Companies Profiled:
- American Regent
- Dr. Reddy’s
- Gland Pharma Limited
- Sagent Pharma
- Sun Pharma
- Teva Pharmaceuticals
- Ferring Pharmaceuticals
- UbiPharm
- Allergan PLC
- Glenmark Pharmaceuticals
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Key Segments Profiled in the Hermansky Pudlak Syndrome Therapeutics Industry Survey:
By Therapies:
- Transfusions of Normal Blood Platelets
- Oral Contraceptives
- Desmopressin Acetate
By Application:
- Hospitals
- Clinics
- Over the Counters
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa (MEA)
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