Metabolic Disorders Therapeutics Market to Grow with a CAGR of 7.72% through 2028
Rising
prevalence of metabolic disorders and advancements in biopharmaceuticals and
precision medicine are expected to drive the Global Metabolic Disorders Therapeutics
Market growth in the forecast period, 2024-2028.
According to
TechSci Research report, “Metabolic Disorders Therapeutics Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”,
the Global Metabolic Disorders Therapeutics Market stood at USD 63.70 billion in
2022 and is anticipated to grow with a CAGR of 7.72% in the forecast period,
2024-2028. This can be attributed to investment in research and development. Pharmaceutical
giants and biotech firms are pouring substantial resources into research and
development to create groundbreaking therapies. Collaborations, partnerships,
and acquisitions are common strategies to accelerate the development of
promising drugs.
Furthermore, a
growing recognition of the impact of environmental factors, such as diet and
physical activity, on metabolic disorders is leading to holistic lifestyle
interventions. Prescribing exercise, dietary modifications, and stress
management alongside medications is becoming standard practice.
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"Global Metabolic Disorders Therapeutics Market.”
The growth of
this market is expected to be driven by a growing demand for one-time therapies
targeting metabolic disorders, as well as an increasing prevalence of
lifestyle-related diseases. Numerous governments and healthcare organizations
worldwide have projected that over half a billion individuals will grapple with
obesity and diabetes by 2040. Moreover, the surge in inherited metabolic
diseases due to changing lifestyles is anticipated to propel market expansion.
Recent years have witnessed a notable uptick in diabetes cases, and many
countries are on the brink of a potential epidemic in metabolic disorders.
Notably, industrialized nations are grappling with a chronic obesity problem,
with the United States leading in terms of obesity rates. In the U.S. alone,
the average medical expenses incurred by an obese individual amount to
approximately USD 1500.
Furthermore, the
global economic situation has seen improvement, particularly in developing
nations with high incidences of metabolic diseases. Researchers are urging
governments worldwide to take proactive measures by conducting studies and
devising solutions to combat the escalating issues of obesity and diabetes. For
instance, scientists report that one in three individuals is obese, and there
have been no indications of a decline in obesity rates. These factors are
driving the growth of the obesity segment.
Additionally,
market growth is being fueled by factors such as the rapidly aging population,
sedentary lifestyles, and an increasing prevalence of smoking and other
practices that restrict metabolic pathways. Diabetes has emerged as a global epidemic,
with over 5% of the population requiring ongoing medication to combat
potentially life-threatening conditions. For instance, in 2016, approximately
1.5 million deaths were directly attributed to diabetes.
The Global Metabolic
Disorders Therapeutics Market is segmented into disease type, therapy type, regional
distribution, and company.
Based on its disease
type, Diabetes is poised to dominate the Global Metabolic Disorders
Therapeutics Market in 2022 due to several compelling factors. Firstly, the
staggering rise in diabetes cases worldwide, driven by lifestyle changes,
urbanization, and an aging population, necessitates an increasing demand for
effective therapeutic solutions. Secondly, advancements in medical research and
technology have led to the development of innovative treatments and therapies
for diabetes, enhancing patient outcomes and quality of life. Additionally,
governments and healthcare organizations across the globe are increasingly
recognizing the economic burden of diabetes and are actively promoting early
intervention and treatment, further boosting market growth. Lastly, the global
focus on health and wellness, combined with the growing awareness of
diabetes-related complications, underscores the urgency for comprehensive
metabolic disorder therapeutics. As a result, the diabetes segment is expected
to continue dominating the market, offering significant opportunities for
pharmaceutical companies and investors alike.
Based on region,
North America is set to maintain its dominance in the Global Metabolic
Disorders Therapeutics Market in 2022 for several compelling reasons. Firstly,
the region boasts a highly developed healthcare infrastructure and a robust
pharmaceutical industry, allowing for the rapid development and commercialization
of advanced therapies. Secondly, North America has a significant prevalence of
metabolic disorders, including obesity and diabetes, primarily driven by
dietary and lifestyle factors, contributing to a substantial patient pool
seeking treatment. Furthermore, stringent regulatory standards and
well-established reimbursement systems ensure that innovative therapies gain
swift approval and broad accessibility. Additionally, extensive research and
development investments, coupled with a strong emphasis on healthcare
innovation, consistently produce cutting-edge treatments, reinforcing North
America's market leadership. The region's economic stability and high
healthcare spending also make it an attractive market for pharmaceutical
companies. Hence, North America is poised to continue dominating the Global
Metabolic Disorders Therapeutics Market due to its favorable healthcare
ecosystem and commitment to addressing these critical health challenges.
Major companies
operating in Global Metabolic Disorders Therapeutics Market are:
- Novo Nordisk A/S
- Eli Lilly and Co Ltd
- Shire PLC
- Sanofi SA
- Merck KGaA
- AstraZeneca PLC
- AbbVie Inc
- Actelion Pharmaceuticals Ltd
- Amgen Inc
- BioMarin Pharmaceutical Inc
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“The Global
Metabolic Disorders Therapeutics Market is at the cusp of exciting advancements
and transformative trends that promise to revolutionize the way metabolic
disorders are managed and treated. Precision medicine, biopharmaceutical
innovation, and patient-centered care are just a few of the key trends shaping
the future. As these trends evolve and converge, they hold the potential to
improve the lives of millions of individuals affected by metabolic disorders
and contribute to more sustainable healthcare systems globally,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Metabolic Disorders Therapeutics Market By Disease
Type (Lysosomal Storage Diseases, Diabetes, Obesity, Inherited Metabolic
Disorders, Hypercholesterolemia, Others), By Therapy Type (Enzyme Replacement
Therapy, Cellular Transplantation, Small Molecule Based Therapy, Substrate
Reduction Therapy, Gene Therapy, Drug Therapy), By
Region, By Competition Forecast & Opportunities, 2018-2028F”,
has evaluated the future growth potential of Global Metabolic Disorders
Therapeutics Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Metabolic Disorders
Therapeutics Market.
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