OTC Deficiency Treatment Market Primed to Grow at a Robust Pace Due to Rising Prevalence

0
154

The ornithine transcarbamylase (OTC) deficiency treatment market is majorly driven by the increasing prevalence of urea cycle disorders. Urea cycle disorders are genetic conditions that cause a buildup of ammonia in the blood. Symptoms range from mild to severe, depending on the specific genetic changes and can affect any organ system. Some key symptoms include vomiting, seizures, intellectual disability, feeding problems in infants, sleep problems, behavioral problems, and more. It is estimated that OTC deficiency impacts 1 in 14,000 to 1 in 60,000 newborns globally. OTC helps in breaking down protein by removing nitrogen from the body and its deficiency leads to a buildup of ammonia in the blood to toxic levels.

The global ornithine transcarbamylase (OTC) deficiency treatment market is estimated to be valued at US$ 880.75 million in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024 to 2031.

Treatment of OTC deficiency includes special diets to avoid protein, medications to lower ammonia levels, supplements of certain amino acids and vitamin replacements. The market is growing due to the increasing awareness about early screening of newborns for detecting urea cycle disorders and availability of new treatment options.

Key Takeaways

Key players operating in the OTC deficiency treatment market are Horizon Therapeutics Plc, Bausch Health Companies Inc., Danone, Nestl;, Ultragenyx Pharmaceutical., Arcturus Therapeutics, Inc., Abbott., Swedish Orphan Biovitrum AB, Acer Therapeutics Inc., Assertio Holdings, Inc., iECURE, and Translate Bio, Inc.

The OTC Deficiency Treatment Market Size provides opportunities for companies to develop therapies targeting residual urea cycle activity and discover new treatment avenues. Advances in genetic engineering and cell and gene therapy also provide opportunities.

Globally, the market is anticipated to witness high growth in North America and Europe due to growing research on urea cycle disorders and availability of advanced healthcare facilities. However, Asian markets are also emerging at a faster pace due to increasing disposable incomes.

Market Drivers

Rising awareness about early diagnosis and treatment compliance is a major factor driving the market. Several awareness programs conducted by government and non-profit organizations help in educating people about urea cycle disorders and availability of management options. Compliance to special diets and medicines helps minimize health complications. This has encouraged people to seek timely intervention. Additionally, development of alternative treatment approaches and new drug formulations with improved efficacy and safety are further supporting market growth.

PEST Analysis

Political: Drug pricing policies enacted by governments, regulations regarding testing, drug approval process may have an impact on the market.

Economic: Increasing healthcare spending, rising awareness coupled with diagnosis of rare diseases, growing disposable incomes are some factors driving demand.

Social: Social stigma regarding genetic disorders in some communities may affect detection rates. However, increased social media presence of patient advocacy groups is helping raise awareness.

Technological: Advancements in genetic testing techniques have aided faster diagnosis. Research into gene therapies and next-gen treatments hold promise for addressing the underlying cause of the condition.

The US accounts for the largest share of the global OTC deficiency treatment market in terms of value. This can be attributed to higher diagnosis and treatment rates owing to favourable reimbursement policies, robust healthcare infrastructure and presence of major market players in the region. The E5 countries- Germany, France, Italy, Spain and UK collectively contribute to a substantial market share in Europe.

Asia Pacific region is projected to witness the fastest growth during the forecast period owing to rising consumer disposable incomes, increasing healthcare spending and expanding healthcare sector across major economies like India and China. Growing medical tourism also supports the APAC market expansion.

Get more insights on OTC Deficiency Treatment Market

About Author:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )

Buscar
Categorías
Read More
Juegos
They are 8th in the team DVOA as they are 11th
I'm a huge fan of my Chargers in this contest. In their first meeting in the first game, the...
By JeansKeyzhu Zhu 2024-08-19 03:14:57 0 126
Art
Выздоровление
УСЛОВИЯ ТЕЛЕПАТИЧЕСКОГО КОНТАКТА С КОСМИЧЕСКИМ ДРУЗЬЯМИ (НЛО) – ДРУЖЕСТВЕННЫМИ ПРИШЕЛЬЦАМИ,...
By Abdul Kalam Kalam 2024-09-14 08:34:59 0 100
Other
Everbody CBD Gummies--Best Formula To Improve All Health (FDA Approved 2023)
➢Product Name —Everbody CBD Gummies ➢Main Benefits — Improve...
By Sweetaashi 7676 2023-05-23 05:58:50 0 901
Health
https://marylandreporter.com/2022/05/27/biologic-trim-keto-gummies-exposed-alert-top-reviews-shocking-price/
Biologic Trim Keto Gummies Purchasing This supplement right presently is the smartest course of...
By Mass Jenis 2022-05-28 07:31:12 0 1K
Health
What Are The Benefits Of Using Vissentials ?
Vissentials is normal seen that tons of people join exercise centers however need to surrender...
By Eden Jons 2022-06-21 17:24:05 0 817