The global Hutchinson Gilford progeria syndrome market is expected to garner a market value of USD 103.07 Billion in 2023 and is expected to accumulate a market value of USD 233.05 Billion by registering a CAGR of 8.5% in the forecast period 2023 to 2033. The growth of the Hutchinson-Gilford progeria syndrome market can be attributed to the increasing population of the globe which in turn is contributing to more cases of the illness. The market for Hutchinson Gilford progeria syndrome registered a CAGR of 5.5% in the historical period 2017 to 2022
In the coming years, it is anticipated that the market for Hutchinson Gilford progeria syndrome treatments will grow quickly. The market for treatments for Hutchinson-Gilford Progeria Syndrome (HGPS) is likely to be primarily driven by the introduction of novel therapies and an increase in HGPS cases. The affected patients have a maximum life expectancy of 30 years, with an average life expectancy of 13 years. Almost 90% of patients die as a result of complications related to atherosclerosis.
There was only one FDA-approved drug for the treatment of progeria until 2020. The other available treatment options were mostly aimed at reducing cardiovascular symptoms and growth abnormalities. Major institutes’ research and development activities to find novel therapies for age-related conditions are expected to provide lucrative opportunities for global market players.
Key Takeaways from the Market Study
- Hutchinson Gilford progeria syndrome market is expected to grow at a value of 8.5% CAGR for the forecast period 2023-2033
- Hospitals & surgical centres are expected to hold 50% market share for Hutchinson Gilford progeria syndrome market in 2023.
- North America is expected to possess 45% market share for Hutchinson Gilford progeria syndrome market in 2023.
- Asia Pacific Hutchinson Gilford progeria syndrome market size is expected to possess 40% market share in 2023.
“Increasing population across the globe along with investment by key players in therapeutics treatments and medication is creating lucrative opportunities for Hutchinson Gilford progeria syndrome market” states an FMI analyst
Competitive Landscape
Key players in the Hutchinson-Gilford progeria syndrome market Eiger BioPharmaceuticals, Teva Pharmaceutical, Inc., Amgen, Sanofi, Novartis AG, Schering-Plough, PRG Science & Technology Co., Ltd, Micro Interventional Devices Inc, Boston Scientific Corporation, CryoLife Inc.
- Micro Interventional Devices Inc, a key player in the Hutchinson Gilford progeria syndrome market is focusing on investing in research and development for innovating medications for treating Hutchinson-Gilford progeria syndrome.
- Boston Scientific Corporation, another key player in the Hutchinson Gilford progeria syndrome market has undertaken extensive research to innovate medication and treatment to increase the life cycle of patients suffering from Hutchinson Gilford progeria syndrome.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global Hutchinson Gilford progeria syndrome 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 Treatment (Farnesyltransferase Inhibitor (FTI), MRI scan, Hearing tests, Cardiovascular, Others), End User (Hospitals & Surgical Centres, Specialty Clinics, Others) regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
Key Segments Profiled in the Hutchinson-Gilford Progeria Syndrome Market Survey
Treatment:
- Farnesyltransferase Inhibitor (FTI)
- MRI scan
- Hearing tests
- Cardiovascular
- Others
End User:
- Hospitals & Surgical Centres
- Specialty Clinics
- Others
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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