Portland, OR, Dec. 12, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Wilson Disease Drugs Market size was estimated at $595.2 million in 2021 and is expected to hit $848.2 million by 2031, registering a CAGR of 3.6% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $595.2 Million |
| Market Size in 2031 | $848.2 Million |
| CAGR | 3.6% |
| No. of Pages in Report | 211 |
| Segments Covered | Drug Type, Distribution Channel, and Region. |
| Drivers | Rise in the prevalence of Wilson diseases |
| Advancements in R&D activities for drug development | |
| Restraints | Lack of awareness and diagnosis facilities associated with Wilson disease treatment |
| High treatment cost due to certain complications | |
| Opportunities | High investment by the government for drug development and surge in healthcare expenditure |
Covid-19 scenario-
- The outbreak of the pandemic had acted as a significant restraint on the Wilson disease drugs market especially in 2020, as it curtailed the movement of people, goods, and services worldwide, disrupted the supply chains, restricted sales operation, marketing efforts, and customer field support, and impeded the shipping and delivery of products to customers. The market experienced a decline in the sales of their revenue, especially during the initial period.
- However, as the global situation started recovering, the market for Wilson disease drugs also got back on track.
The global Wilson disease drugs market is analyzed across drug type, distribution channel, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By drug type, the penicillamine segment held nearly two-fifths of the global Wilson disease drugs market revenue in 2021, and is expected to dominate by 2031. The trientine segment, on the other hand, would manifest the fastest CAGR of 4.0% throughout the forecast period. The zinc segment is also assessed through the study.
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By distribution channel, the retail pharmacies segment held nearly three-fifths of the global Wilson disease drugs market share in 2021, and is expected to dominate by 2031. The online pharmacies segment, however, would cite the fastest CAGR of 5.6% throughout the forecast period. The hospital pharmacies segment is also analyzed through the report.
Based on region, the market across North America generated more than two-fifths of the global Wilson disease drugs market share in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, on the other hand, would manifest the fastest CAGR of 5.5% during the forecast period. The other provinces analyzed through the report include LAMEA and Europe.
The key market players analyzed in the global Wilson disease drugs market report include Pfizer Inc., ANI Pharmaceuticals, Inc., APOTEX, Bausch Health Companies Inc., Lupin Limited, Vivet Therapeutics, Breckenridge Pharmaceutical, Inc., Dr. Reddy's Laboratories Ltd, NAVINTA LLC, and Teva Pharmaceutical Industries Ltd.
These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
