by Alpha 1 Antitrypsin Deficiency Treatment Market: Overview
As per the latest professional survey report on the global alpha 1 antitrypsin deficiency treatment market by the the industry is anticipated to rise at a significant growth rate of 10.1 % over the forecast period, i.e. 2019 to 2030. Furthermore, the research report also states that the global alpha 1 antitrypsin deficiency treatment market was evaluated at US$ 1.4 billion in the year 2018. Some of the major driving factors that are supplementing the demand in the global alpha 1 antitrypsin deficiency treatment market are increasing prevalence as well as high incidence of various respiratory diseases and increasing awareness amongst public about AAT deficiency and its treatment options.
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As per the study by the World Health Organization, approximately 65 million people around the world suffer from chronic obstructive pulmonary disease or COPD. The study also states that around 3 million people die owing to the same disorder all over the world. Along with this, rising government initiatives for developing and expanding the plasma and blood products is also fueling the demand within the global alpha 1 antitrypsin deficiency treatment market in coming years. Moreover, the increase in the prescription for combination therapies is also expected to fuel the growth within the global alpha 1 antitrypsin deficiency treatment market in near future.
On the other hand, the severe side effects associated with the treatment solutions within the global alpha 1 antitrypsin deficiency treatment market, such as chest pain, sinusitis, back pain, and rhinorrhea can restrict the growth within the industry in coming years. Furthermore, high cost associated with therapy as well as the low diagnostic rate for the disease may also negatively impact the growth within the global alpha 1 antitrypsin deficiency treatment market over the forecast period.
The segments within the global alpha 1 antitrypsin deficiency treatment market based on the type of treatment include bronchodilator, oxygen therapy, corticosteroids, and augmentation therapy, including prolastin, glassia, aralast, zemaira or respreeza, among others. The segments in the global alpha 1 antitrypsin deficiency treatment market classified by the route of administration are inhalations, parenteral, and oral. Major end users for the products and solutions offered by the players functional within the global alpha 1 antitrypsin deficiency treatment market include hospitals, specialty clinics, and pharmacies.
new fa global alpha 1 antitrypsin deficiency treatment market
North America Leads the Alpha 1 Antitrypsin Deficiency Treatment Market
Leading nations as well as key regions within the global alpha 1 antitrypsin deficiency treatment market include North America (including Canada and the United States), Europe (including the United Kingdom, Italy, Germany, France, Spain, and rest of the Europe), Asia Pacific (including Japan, Australia and New Zealand, China, India, and rest of the Asia Pacific), Latin America (including Mexico, Brazil, and rest of the Latin America), and Middle East and Africa (including South Africa, Gulf Cooperation Council countries, and rest of the Middle East and Africa). Regionally, the North America region leads the global alpha 1 antitrypsin deficiency treatment market in terms of industry share.
Key drivers influencing the growth within the global alpha 1 antitrypsin deficiency treatment market in North America include rising investments by the major players in the region aimed at furthering the research and development activities, enhanced rate of diagnostics for AAT deficiency, and increasing prevalence of respiratory disorders in the region. On the other hand, Europe is anticipated to emerge as the most promising regional market within the global alpha 1 antitrypsin deficiency treatment market over the forecast period. Some of the major factors positively influencing the demand dynamics within the global alpha 1 antitrypsin deficiency treatment market in Europe are increasing research and development initiatives aimed at better treatment of various respiratory disorders, rising demand owing to increased awareness amongst the consumers about AAT deficiency and treatment therapeutics, and increase in the elderly or geriatric population that is more prone to various kinds of respiratory diseases.
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Players in Alpha 1 Antitrypsin Deficiency Treatment Market Focused on Gaining Regulatory Approvals
The competitive landscape of the global alpha 1 antitrypsin deficiency treatment market is considered to be highly fragmented, with a number of international players holding a major industry share. Few of the major incumbent players and vendors functional within the global alpha 1 antitrypsin deficiency treatment market include Takeda Pharmaceutical Company Limited, Kamada Pharmaceuticals, AstraZeneca, Pfizer, Inc., LFB Biomedicaments S. A., Grifols, S. A., CSL Behring, GlaxoSmithKline PLC, Boehringer Ingelheim GmbH, and Teva Pharmaceutical Industries Ltd., among others. Several prominent players and manufacturers within the global alpha 1 antitrypsin deficiency treatment market are focused on gaining regulatory approvals for their new products as well as on developing new and innovative products.
Furthermore, some of the key corporate development strategies adopted by the players functional within the global alpha 1 antitrypsin deficiency treatment market include collaborative agreements as well as mergers and acquisitions. For example, Kamada Ltd., extended their strategic supply agreement with the Takeda Pharmaceutical Company Limited in September of 2019. This move will help Kamada to produce Alpha 1 Proteinase Inhibitor for humans called ‘Glassia’ through 2021. Furthermore, Alpha 1 proteinase inhibitor for humans by the CSL Behring called ‘Zemaira’ was approved by the United States Food and Drug Association in April of 2019. This move will allow the company to develop and offer these inhibitors in 4 as well as 5 gram vials in the United States, aimed at the treatment of alpha 1 antitrypsin deficiency.
Key Questions Answered in Global Alpha 1 Antitrypsin Deficiency Treatment market Report
- What is the scope of growth of product companies in the global Alpha 1 Antitrypsin deficiency treatment market?
- What will be the Y-o-Y growth of the global Alpha 1 Antitrypsin Deficiency Treatment market between 2019 and 2027?
- What is the influence of changing trends in pipeline products on the global Alpha 1 Antitrypsin deficiency treatment market?
- Will North America continue to be the most profitable market for Alpha 1 Antitrypsin Deficiency Treatment providers?
- Which factors are anticipated to hamper the growth of the global Alpha 1 Antitrypsin Deficiency Treatment market during the forecast period?
- Which are the leading companies in the global Alpha 1 Antitrypsin Deficiency Treatment market?
The Global Alpha-1 Antitrypsin Deficiency Treatment Market has been segmented as follows:
by Treatment Type
- Augmentation Therapy
- Aralast
- Prolastin
- Zemaira/Respreeza
- Glassia
- Bronchodilator
- Corticosteroids
- Oxygen Therapy
- Others
by Route of Administration
- Parenteral
- Inhalations
- Oral
by End-User
- Specialty Clinics
- Hospitals
- Pharmacies
by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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