The increasing prevalence of rare diseases, rising demand for better treatment, increasing investment in biotechnology and pharmaceutical industries for R&D, and availability of funds drive the growth of the market. Moreover, increasing government support for research & development, changing lifestyles, and rapidly developing technology is expected to fuel the market growth during the forecast period.
According to reports, the aging population will almost double up by the end of 2050. Market Research Future (MRFR) has revealed in its latest report that the global acute intermittent porphyria market will thrive steadily at 5.6 % during the forecast period 2017-2023.
Although the prevalence of this disease is considered rare. Porphyria is a disorder that occurs when there is a build-up of the chemicals in the body that produce a substance called porphyrin. Acute intermittent porphyria (AIP) is a genetic metabolic disorder is one of the 8 types of porphyria.
By region, the acute intermittent porphyria market has been segmented into North America & South America, Europe, Asia Pacific, and, the Middle East & Africa. The North America & South America region will generate maximum revenue from the market during the projection period.
The technological advancements integrated into the treatment of acute intermittent porphyria is likely to accelerate revenue creation over the review period. Other factors responsible for the growth of the market include an increasing patients with genetic metabolic disorders, rising healthcare expenditure, and increasing government support for research & development. Furthermore, the concentration of key players in the region coupled with increased research & development activities will encourage market growth and expansion.
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Europe is the second-largest market for acute intermittent porphyria globally. The favorable factors supporting the market expansion in the region are initiatives undertaken by the governments and the availability of funds for research & development activities. The presence of developed economies in the region is also likely to propel market growth.
The key players profiled by MRFR in its report include Dahaner (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Siemens AG (U.S.), Sysmex Corporation (Japan), ARKRAY, Inc. (Japan), ACON Laboratories, Inc. (U.S.), and, F. Hoffmann-La Roche Ltd (Switzerland) among others. The players strive to gain prominence in the market by devising and employing strategies such as research & development, clinical trials, acquisitions & mergers, innovative collaborations, agreements, etc.
By diagnosis, the global acute intermittent porphyria market has been segmented into blood test, urine test, serum test, DNA test, and others.
By treatment, acute intermittent porphyria market is segmented into gonadotropin-releasing hormone analogues, prophylactic hematin infusions, and others.
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By end user, the global acute intermittent porphyria market has been segmented into hospitals & clinics, research centers, and others.
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