Congenital Adrenal Hyperplasia Market Segmented by Applications and Geographic Trends, Growth and Forecast 2027
Congenital Adrenal Hyperplasia Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027
WILMINGTON, DELAWARE, USA, July 13, 2022 /EINPresswire.com/ — Transparency Market Research Inc.: Congenital adrenal hyperplasia refers to a group of genetic conditions that affect the adrenal glands, resulting in low levels of cortisol and high levels of male hormones called androgens, causing the development of masculine characteristics in women and precocious puberty. in both boys and girls. The mildest and most common form of congenital adrenal hyperplasia (CAH) is called nonclassical. The classic, more severe form can be detected through neonatal screening. Some forms of CAH can cause problems with normal growth and development in children and can even be life-threatening.
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The worldwide incidence of congenital adrenal hyperplasia in newborns is approximately 1 in 16,000 to 1 in 20,000 population. The incidence in the United States is approximately 1 in 16,000 to 1 in 18,000 population.
Key Drivers and Restraints of the Global Congenital Adrenal Hyperplasia Market
Government funding and support along with collaborative research with major pharmaceutical players is expected to drive the growth of the global market in the near future. In 2018, the international fund Raising for Congenital Surrenal Hyperplasia (IFCAH) launched an eighth call for projects, in association with ESPE.
Classic segment to dominate the global market
In terms of type, the classic segment accounted for major market share in 2018. The segment is expected to grow at a steady rate during the forecast period. It is likely to be driven by the increasing prevalence of classic congenital adrenal hyperplasia across the world. Classic congenital adrenal hyperplasia is the most common form of congenital adrenal hyperplasia due to 21-hydroxylase deficiency, which is responsible for approximately 95% of cases.
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Classic congenital adrenal hyperplasia is of two types: simple virilization and salt loss. The salt-wasting form of congenital adrenal hyperplasia causes symptoms such as dehydration and hypotension in the first weeks of life and can be life-threatening. Congenital adrenal hyperplasia with salt loss accounts for 70% of classic cases of congenital adrenal hyperplasia.
Hospitals to lead the global congenital adrenal hyperplasia market
The hospital segment is expected to capture almost half of the market share in terms of revenue by 2027. It is expected to be the most lucrative segment in the global congenital adrenal hyperplasia market during the forecast period. Governments are extending their support and funding to increase the number of qualified surgeons. This in turn increases the number of hospitals offering surgeries and treatments for congenital adrenal hyperplasia. For example, the International Fund for Congenital Adrenal Hyperplasia (IFCAH) is a private fundraising organization that aims to promote academic research on congenital adrenal hyperplasia.
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Well-established hospitals and healthcare infrastructure are expected to meet the increased demand for congenital adrenal hyperplasia treatment in North America during the forecast period. Developed countries are seen as hubs for safe and effective surgeries. This perception will create opportunities in the congenital adrenal hyperplasia market in North America, followed by Europe. However, developing countries could present significant investment and expansion opportunities for market players.
Asia-Pacific is expected to be a potential market for congenital adrenal hyperplasia due to its large patient pool and dense population. Growth in medical tourism, driven by government regulations favoring local players and relatively low surgery costs, is likely to contribute to the lucrative congenital adrenal hyperplasia market in the region.
However, the high cost continues to hamper the growth of the congenital adrenal hyperplasia market in both developed and developing countries. The financial lucidity of consumers has made them independent enough to spend out of pocket for their health. However, the cost of these surgeries and treatments is high even after insurance coverage, which prevents the market from realizing its full potential.
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Key players operating in the global congenital adrenal hyperplasia market
Pharmaceutical companies in the global congenital adrenal hyperplasia market are increasingly investing in the research and development of congenital adrenal hyperplasia drugs.
The global congenital adrenal hyperplasia market is moderately fragmented. Market players are focusing on strategic partnerships, collaborations, mergers, acquisitions, and product launches to increase their market share. The major companies operating in the global market are:
Sentia Medical Sciences, Inc.
Neurocrine Biosciences, Inc.
Millendo Therapeutics, Inc.
Spruce Biosciences, Inc.
Thermo Fisher Scientific (Life Technologies Corporation)
Adrenas Therapeutics, Inc.
Alder Biopharmaceuticals, Inc.
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