Visiongain has released a new report on Amino Acid Metabolism Disorders Treatment Market Report to 2031: Forecast by Product Type (Folic Acid, Vitamin B6 & ampB12, Arginine, Thiamine, Vitamin D, Betaine, Dihydrochloride sapropterin and carglumic acid), by distribution channel (Hospital Pharmacies, Retail Pharmacies and Online Stores) PLUS COVID-19 recovery scenarios.
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Impact of COVID-19 on the Amino Acid Metabolism Disorders Treatment Market
The COVID-19 epidemic has affected more than 200 countries around the world. The pandemic has had a negative impact on all economies and industries. Likewise, the global amino acid metabolism disorder treatment market is expected to be affected. The target industry now faces challenges in managing the disrupted demand and supply of medical components. In addition, unpredictable and disruptive supply chain activities and unavailability of human resources are expected to impact the growth of the target industry. Therefore, the overall impact of COVID-19 is expected to continue to moderate for major global players operating in the industry.
Increased prevalence of chronic diseases
The increased incidence and prevalence of familial hypercholesterolemia, Gaucher disease, Hunter syndrome, Krabbe disease, maple syrup disease, metachromatic leukodystrophy, Mitochondrial encephalopathy, lactic acidosis, stroke-like episodes (MELAS) and Niemann-Pick are expected to be the major driving forces behind the growth of the Amino Acid Metabolism Disorders Treatment Market over the period of forecast. According to the National Institutes of Health, approximately 1 in 185,000 infants have maple syrup disease worldwide. The disease occurs much more often in Old Order Mennonites, with an estimated occurrence of around 1 in 380 newborns.
Thus, the increasing high prevalence of chronic disorders requires appropriate management of treatment to maximize patient outcomes. In turn, it is expected to achieve substantial growth for the Amino Acid Metabolism Disorders Treatment market within the given time frame.
Growing awareness and increased spending on research and development
The key factors driving the growth of Amino Acid Metabolism Disease Treatment market are the prevalence of Amino Acid Metabolism Disorders worldwide. In addition, increasing disposable income in developing countries such as India and China and increasing spending on healthcare along with growing acceptance of non-invasive treatments are also accelerating the growth of the disorder treatment market. of amino acid metabolism. In addition, the growing awareness of the population and the development of health infrastructure are contributing to the growth of the target industry.
The increasing research and development activities to develop breakthrough and effective treatments for amino acid metabolism disorders are fueling the growth of the target industry. In recent times, many methods have been advanced to aid in the initial diagnosis and observation of disorders of amino acid metabolism and associated complications. These developments in the diagnosis of disorders of amino acid metabolism have increased the number of patients detected with this disease and offer better treatment options. Hence, it is expected to achieve remarkable growth rate during the forecast period.
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Rapid increase in health spending
The increase in health expenditure per capita is attributed to factors such as improving economic conditions in developing countries, better access to competent emergency treatment. For example, healthcare spending has increased dramatically in the United States over the past few decades. According to the Journal of the American Medical Association (JAMA), health care spending in the United States increased by nearly a trillion dollars between 1996 and 2015. The association said that health spending in the United States in 2017 were around $ 3.5 trillion, i. e, $ 11,000 per person. These expenditures are expected to rise to $ 6 trillion, or about $ 17,000 per person by 2027.
The major players operating in the global amino acid metabolism disorder treatment market are Civentichem, LLC, Ltd., GlaxoSmithKline PLC, AMINO GmbH, Pfizer, Inc., Recordati SpA, Merck KGaA, Koninklijke DSM NV, Shine Star (Hubei ) Biological Engineering Co., Sanofi and Kyowa Hakko Kirin Co., Ltd.
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