Hallervorden-Spatz Disease Drugs Market Size & Share, by Onset (Under 10 Years, Above 10 Years); Symptoms (Rigid Muscles, Tremors, Seizures, Disorientation, Dementia); Treatment {Medication (Anticholinergic Drug), Therapy (Physical Therapy, Speech Therapy)} - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3458
  • Published Date: Aug 28, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Hallervorden-Spatz Disease Drugs Market size is expected to expand at significant growth rate during the forecast period i.e., between 2024-2036.  Hallervorden-Spatz disease or HSD, also known as, neurodegeneration with brain iron accumulation (NBIA), and pantothenate kinase-associated neurodegeneration (PKAN), is a genetic neurological disorder. The growth of the market can be attributed to the severity of the symptoms of HSD, which can lead to paralysis, coma, and even death if not treated timely. It is a rare condition, usually diagnosed in early childhood, but late onset can even delay diagnosis to adulthood. The incidence of HSD is estimated to be 2 to 5 per million individuals worldwide, as of 2020. There is no specific cure for HSD, and the medication is required lifelong. This is estimated to boost the market growth. In addition to this, the increasing investment in the R&D activities in the medical field, along with rising healthcare expenditure globally, is estimated to boost the hallervorden-spatz disease drugs market growth.


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Hallervorden-Spatz Disease Drugs Sector: Growth Drivers and Challenges

Growth Drivers

  • Severity of the Symptoms of HSD
  • Lack of Permanent Cure
  • Requirement of Drugs Lifelong to Control the Condition

Challenges

  • Late Diagnosis of HSD
  • Circulation of Generic Drugs in the Hallervorden-Spatz Disease Drugs Market

Hallervorden-Spatz Disease Drugs Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Hallervorden-Spatz Disease Drugs Segmentation

The market is segmented by onset into under 10 years, and above 10 years, out of which, the under 10 years segment is anticipated to hold the largest share in the hallervorden-spatz disease drugs market over the forecast period on account of higher prevalence rate of HSD amongst children. Trouble in walking, speaking, involuntary muscle contractions, and other initial symptoms of HSD are visible in children under 10 years, which makes the diagnosis of this disease easier, and expands the life expectancy of the patient. This is estimated to boost the segment growth. 

Our in-depth analysis of the global market includes the following segments:

           By Onset

  • Under 10 Years
  • Above 10 Years

             By Symptoms

  • Rigid Muscles
  • Tremors and Seizures
  • Disorientation
  • Dementia
  • Others

 

 

           By Treatment

  • Medication
    • Anticholinergic Drug
    • Others
  • Therapy
    • Physical Therapy
    • Speech Therapy
    • Others

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Hallervorden-Spatz Disease Drugs Industry - Regional Synopsis

On the basis of geographical analysis, the hallervorden-spatz disease drugs market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Europe is set to dominate majority revenue share by 2036, on the back of significant number of HSD cases, being diagnosed in the region every year. The high number of cases can be attributed to the efficient diagnosis system, advance public healthcare system and high health awareness amongst the people. The market in the North America region is anticipated to gain the largest market share throughout the forecast period on account of high healthcare expenditure, and presence of major pharmaceutical companies. According to the statistics by the World Bank, in 2018, North America spent USD 10,050.516 for the healthcare of every individual. The total healthcare expenditure accounted for 16.415% of the total GDP of North America.  

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Companies Dominating the Hallervorden-Spatz Disease Drugs Landscape

    • Pfizer, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Merck & Co., Inc.
    • Siemens Healthcare GmbH
    • Boehringer Ingelheim International GmbH
    • Johnson & Johnson Services, Inc.
    • Baxter International, Inc.
    • Novartis AG
    • Abbott Laboratories
    • Sanofi-aventis Groupe
    • AbbVie Inc.

In the News

  • June, 2021: Novartis AG to collaborate with Hewlett Packard Enterprise to address global health challenges. Novartis is the leading pharmaceutical company distributing drugs over the years.

Author Credits:  Radhika Pawar


  • Report ID: 3458
  • Published Date: Aug 28, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Hallervorden-Spatz Disease Drugs Market size is expected to expand at significant growth rate during the forecast period i.e., between 2024-2036.

The acuteness of the symptoms of HSD along with the requirement of medication throughout the lifespan will boost the market growth.

Europe is set to dominate majority revenue share by 2036, on the back of significant number of HSD cases, being diagnosed in the region every year.

The major players in the market are Merck & Co., Inc., Siemens Healthcare GmbH, Boehringer Ingelheim International GmbH, Johnson & Johnson Services, Inc., and others.
Hallervorden-Spatz Disease Drugs Market Report Scope
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