April 24, 2024
Huntingtons Disease Treatment

Huntington’s Disease Treatment Market Is Projected To Driven By Growing Prevalence Of Huntington’s Disease

The Huntington’s disease treatment market consists of drug therapies that help alleviate symptoms and slow disease progression. Huntington’s disease is a genetic neurodegenerative condition that causes uncontrolled movements, emotional issues, and loss of thinking abilities. Drugs like tetrabenazine and deutetrabenazine are prescribed to reduce involuntary movements, while antidepressants and antipsychotics help address mood and psychiatric problems associated with the disease. As there is no cure, research is focused on developing disease-modifying gene therapies that can halt or reverse the harmful effects of mutated genes.

The Global Huntington’s Disease Treatment Market is estimated to be valued at US$ 0.55 Mn in 2024 and is expected to exhibit a CAGR of 4.3% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Huntington’s Disease Treatment market are Unilever Plc., Coty Inc., Johnson & Johnson Inc., Proctor & Gamble Co., L€TMOreal S.A., Revlon Inc., Kao Corporation, Avon Products Inc., Beiersdorf AG., Colgate Palmolive Company, Natura & co., and Estee Lauder Inc. Gene therapies being developed by companies like UniQure, Voyager Therapeutics, and Roche/Sage Therapeutics have potential to alter the course of the disease.

The growing prevalence of Huntington’s disease worldwide is driving the demand for effective treatment options. According to the Huntington’s Disease Society of America, around 30,000 people in the United States have Huntington’s disease. Rising awareness among patients and their families is encouraging early diagnosis and treatment seeking behavior.

Availability of advanced treatment therapies across global markets is also boosting the industry revenues. Major pharmaceutical manufacturers are expanding their regional presence with licensing agreements and product launches in countries with high disease burden like China, India, Brazil, and South Africa. Initiatives by non-profit organizations to develop healthcare infrastructure in developing nations are further opening up new opportunities.

Market key trends

One major trend is the rising popularity of gene therapies for Huntingtons Disease Treatment Market Demand These novel treatments aim to directly modify mutated genes or compensate for their effects. Ongoing late-stage clinical trials of anti-sense oligonucleotide therapies by UniQure and Roche are offering hope for a disease-modifying treatment approach. Their success can potentially transform the HD treatment paradigm. Growing investment in gene therapy research and emerging real-world evidence regarding their safety and efficacy will be important drivers shaping the future landscape.

Porter’s Analysis

Threat of new entrants: High cost of R&D for drug development limits new competitors.

Bargaining power of buyers: Large pharmaceutical companies have strong bargaining power over drug developers.

Bargaining power of suppliers: Suppliers of raw materials have less power due to availability of substitute options.

Threat of new substitutes: Alternative treatment methods can be substitute but currently there is no cure available for HD.

Competitive rivalry: Despite increasing competition intensity remains moderate as large unmet medical need exists.

Geographical Regions

North America holds the major share of the global Huntington’s disease treatment market due to strong healthcare infrastructure, high treatment rate and density of key industry players. The United States dominates the North American market due to high HD prevalence rate and drug development activities.

Asia Pacific region is anticipated to witness the fastest growth rate over the forecast period owing to improving healthcare facilities, high unmet needs and growing medical tourism industry in major Asian countries like India and China. Rising awareness about genetic conditions and increasing government support for rare disease treatment further supplement market growth in the region.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it