Awareness Campaigns by Governments and Regulatory Bodies
Regarding Phenylketonuria Treatment Playing Key Role in Market
Expansion: Fact.MR Report
ROCKVILLE, Md., July 25, 2024 /PRNewswire/ -- According to a
recently updated industry report released by Fact.MR, the global
Phenylketonuria Treatment Market is expected to reach
US$ 761.6 million in 2024 and
after that expand at a noteworthy CAGR of 7.8% from 2024 to
2034.
Advancements in phenylketonuria treatment technologies,
including new gene therapy approaches, enzyme replacement
therapies, and innovative medical food formulations, are
significantly progressing. These developments enhance patient
compliance and treatment effectiveness, expanding the market size
for phenylketonuria treatments.
Government policies and programs supporting rare disease
treatments, such as phenylketonuria, bolster research funding,
expedite the drug approval process, and facilitate the introduction
of novel therapies into the market. Additionally, manufacturers are
funding research into adjuvant therapies for PKU, primarily
focusing on expanding their manufacturing facilities to drive
substantial market growth for phenylketonuria treatment.
Advocacy groups raise awareness, secure research funding, and
improve quality of life standards for PKU patients. Tailored
treatments based on genetic profiles enhance treatment outcomes and
patient satisfaction.
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Report:
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Key Takeaways from the Phenylketonuria Treatment Market
Study:
- The global market for phenylketonuria treatment is projected to
expand at a CAGR of 7.8% from 2024 to 2034.
- Revenue from the market is forecasted to climb to
US$ 1.62 billion by the end of
2034.
- The market in the United
States is set to reach a value of US$
269.6 million in 2024.
- China is expected to account
for a 70.1% share of the East
Asia market in 2024.
- The market in Japan is
estimated to reach a size of US$ 14
million in 2024.
- The market in North America is
evaluated to expand at a CAGR of 6.7% through 2034.
"Support for rare disease treatments increases
research funding, streamlines regulatory processes, and enhances
market access for new therapies such as phenylketonuria
treatment," says a Fact.MR analyst.
Leading Players Driving Innovation in the
Phenylketonuria Treatment Market
Arla Foods Ingredients Group P/S; Archer Daniels Midland
Company; BASF SE; Chr. Hansen; Cargill, Incorporated; Seidler
Chemical Co, Inc.; Archer Daniels Midland Company; BASF SE; Chr.
Hansen; Cargill, Incorporated; Seidler Chemical Co, Inc.; Nestlé
S.A. (Vitaflo International).
Enhanced Screening Programs, Increased Diagnoses, and
Healthcare Education in Japan
In Japan, awareness of
phenylketonuria treatment among healthcare professionals and the
public has reached unprecedented levels. Enhanced screening
programs, including newborn screening, are resulting in early
diagnoses of phenylketonuria in infants and a rise in reported
cases.
Japan possesses a highly
regarded healthcare system, offering access to specialized medical
care and state-of-the-art diagnostic tools. This infrastructure
supports continuous management and early detection of
phenylketonuria, fuelling increased demand for treatment
options.
Phenylketonuria Treatment Market Industry News:
Preclinical data for Jnana Therapeutics' lead program, which
could be the first-in-class oral treatment for phenylketonuria
(PKU), were presented in July 2022.
Information was presented at the Vancouver, Washington, National PKU Alliance
Conference in 2022.
- A US$ 50 million Series B
financing to advance the lead phenylketonuria program and
small molecule pipeline based on the next-generation chemoproteomic
platform was closed, according to a statement released by Janana
Therapeutics in August 2021.
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Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, by PKU Ingredient:
- Essential & Non-Essential Amino Acids
- Glycomacropeptide
Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, by Form:
- Powder & Granules
- Tablets & Capsules
- Powder Sachets
- Ready-to-Drink
- Shakes
Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, by Targeted Customer:
- Adults
- Pediatrics
- Pregnant Women
Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, by Sales Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Hypermarkets & Supermarkets
More Valuable Insights:
Fact.MR, in its new offering, presents an unbiased analysis of
the phenylketonuria treatment market for 2018 to 2023 and forecast
statistics for 2024 to 2034.
The study divulges insights into the phenylketonuria treatment
market based on ingredient (essential & non-essential amino
acids, glycomacropeptide), form (powder & granules, tablets
& capsules, powder sachets, ready-to-drink, shakes), targeted
customer (adults, pediatrics, pregnant women), and sales channel
(hospital pharmacies, retail pharmacies, online pharmacies,
hypermarkets & supermarkets), across seven major regions of the
world (North America, Latin America, Western Europe, Eastern Europe, East
Asia, South Asia &
Pacific, and MEA).
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