Amino acid Metabolism Disorders Treatment Market to Reach USD 961.8 Million, Globally, by 2031 at 4.3% CAGR: Allied Market Research
Increase in prevalence of amino acid metabolism disorders, rise in research and development activities on amino acid metabolism disorders treatment, and development of healthcare infrastructure drive the global amino acid metabolism disorders treatment market growth.
PORTLAND, Ore., Sept. 28, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Amino acid Metabolism Disorders Treatment Market by Indication (Phenylketonuria, Maple syrup urine disease, Citrullinemia, Homocystinuria, Argininosuccinic aciduria), by Product (Folic Acid, Vitamin B6 and B12, Arginine, Thiamine, Betaine, Sapropterin, Others), by Distribution channel (Hospital Pharmacies, Drug Stores and Retail Pharmacies, Online Providers): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global amino acid metabolism disorders treatment industry generated $630.9 million in 2021, and is estimated to reach $961.8 million by 2031, witnessing a CAGR of 4.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
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Drivers and Opportunities
Increase in prevalence of amino acid metabolism disorders such as maple syrup urine disease, phenylketonuria, and citrullinemia, rise in research and development activities on amino acid metabolism disorders treatment, surge in disposable income in developing countries, and development of healthcare infrastructure drive the growth of the global amino acid metabolism disorders treatment market. However, increase in cost of amino acid supplements, lack of awareness of amino acid metabolism disorders, and associated side effects of phenylketonuria injections hamper the market growth. On the other hand, increase in the healthcare expenditure presents new opportunities for the market in the coming years.
Impact of Covid-19 on Amino acid Metabolism Disorders Treatment Market-
- The Covid-19 pandemic had a negative impact on the amino acid metabolism disorders treatment market, owing to the reduced demand for amino acid metabolism disorders treatments across several sectors.
- The market faced challenges to manage the interrupted demand and supply of medical components.
- The main cause of the slowdown of the amino acid metabolism disorders treatment market growth was the interruptions experienced by the government, as it was majorly looking out for preventive measures for the disease spread during the pandemic.
The phenylketonuria treatment segment to rule the roost during the forecast period
Based on indication, the phenylketonuria segment was the largest market in 2021, contributing to nearly half of the global amino acid metabolism disorders treatment market, and is expected to maintain its leadership status during the forecast period. This is due to the increase in prevalence of phenylketonuria and newborn screening for the diagnosis of phenylketonuria and other amino acid metabolism disorders. However, the maple syrup urine disease segment is projected to witness the largest CAGR of 5.5% from 2022 to 2031, owing to the increase in prevalence of maple syrup urine disease and development of new therapies for the treatment of the disease.
The sapropterin segment to maintain its dominance during the forecast period
Based on product, the sapropterin segment held the largest market share of more than two-fifths of the global amino acid metabolism disorders treatment market in 2021, and is expected to maintain its dominance during the forecast period. The growth is attributed to the increase in prevalence of phenylketonuria and surge in demand for sapropterin in developed countries such as the U.S. and Germany. However, the betaine segment is projected to witness the largest CAGR of 5.4% from 2022 to 2031, owing to the increase in product offerings for betaine by key market players.
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The drug stores and retail pharmacies segment to dominate during the forecast period
Based on distribution channel, the drug stores and retail pharmacies segment held the largest market share of nearly three-fifths of the global amino acid metabolism disorders treatment market in 2021, and is expected to lead the trail during the forecast period, due to the increased sales of prescription drugs and OTC drugs through drug stores and retail pharmacies. However, the online providers segment is projected to witness the largest CAGR of 6.0% from 2022 to 2031, owing to the shift in patients' preference for buying medicines online since the pandemic.
North America to maintain its dominance by 2031
Based on region, North America was the largest market in 2021, capturing more than two-fifths of the global amino acid metabolism disorders treatment market, and is likely to show a prominent growth during the forecast period. This is due to the increase in demand for sapropterin and kuvan for amino acid metabolism disorders treatments in the region. Moreover, the region boasts of a wide availability of treatments and well established healthcare infrastructure. However, the Asia-Pacific region is projected to manifest the fastest CAGR of 5.5% during the forecast period, owing to the increase in prevalence of amino acid metabolism disorders and rise in number of patients seeking treatment for the disease in Asia-Pacific.
Leading Market Players
- AMINO GmbH
- Civentichem, LLC, Ltd.
- GlaxoSmithKline PLC
- Koninklijke DSM N.V.
- Kyowa HakkoKirin Co., Ltd.
- Merck KGaA
- Pfizer, Inc.
- Recordati S.p.A.
- Sanofi
- Shine Star (Hubei) Biological Engineering Co.
- BioMarin Pharmaceutical Inc.
- Teva Pharmaceutical Industries Ltd.
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