Phenylketonuria Treatment (PKU) Market | Leading Segments, Trends, Drivers and Challenges
American Gene Technologies, BioMarin Pharmaceutical Inc., Codexis Inc., Evox Therapeutics Ltd., Homology Medicines Inc. are among the key vendors discussed in the research report
The phenylketonuria treatment market is expected to grow by $ 481.45 million, accelerating at a CAGR of almost 9.06% during the forecast period. Technavio’s research reports offer a detailed analysis of the market segments, delving deep into the factors that will lead to the growth of each segment. It also offers insights that are likely to have a negative impact on market growth. This comprehensive analysis of the market will enable clients to identify areas of growth and steer clear of the low-performing segments.
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PKU Treatment Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by Geography (North America, Europe, Asia, and ROW) and drug (sapropterin and pegvaliase-pqpz).
- 34% of the market growth will originate from North America during the forecast period.
- Sapropterin is approved for the treatment of hyperphenylalaninaemia in patients greater than or equal to 4 years of age with tetrahydrobiopterin-responsive phenylketonuria in the European Union (EU).
- This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Phenylketonuria Treatment Market size.
PKU Treatment Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Rising investments in genomic research and development will be a significant factor in driving the growth of the Phenylketonuria Treatment Market. The introduction of breakthrough technologies in genetics has significantly attracted investments in genomic research. Investments help genomic research institutions and organizations develop novel therapeutics and personalized medicines for targeted therapies and incurable diseases.
- Increasing prevalence of PKU will be instrumental in driving market growth during the forecast period.
- High cost of treatment is a hurdle that needs to be crossed on the path to success.
Phenylketonuria Treatment Market: Vendor Analysis
- The market is concentrated.
- American Gene Technologies, BioMarin Pharmaceutical Inc., Codexis Inc., Evox Therapeutics Ltd., Homology Medicines Inc., Jnana Therapeutics, SOM INNOVATION BIOTECH SA, and Synlogic Inc. are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- Phenylketonuria Treatment Market Split by Geography
- North America
- Europe
- Asia
- ROW
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- American Gene Technologies
- BioMarin Pharmaceutical Inc.
- Codexis Inc.
- Evox Therapeutics Ltd.
- Homology Medicines Inc.
- Jnana Therapeutics
- SOM INNOVATION BIOTECH SA
- Synlogic Inc.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 9.06%.
- What is the incremental growth of the market?
The market is expected to grow by $ 481.45 mn through 2022-2026.
- What is a key factor driving this market?
Rising investments in genomic research and development will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, Asia, and ROW are the key regions featured in this research report.
- Which is the leading geographic region for this market:
34% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are American Gene Technologies, BioMarin Pharmaceutical Inc., Codexis Inc., Evox Therapeutics Ltd., Homology Medicines Inc., Jnana Therapeutics, SOM INNOVATION BIOTECH SA, and Synlogic Inc.
- What are the market segments covered in this report?
The market is segmented by Geography (North America, Europe, Asia, and ROW)
