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Global Hereditary Orotic Aciduria Treatment Market Expected to Grow at a Healthy Pace During 2021-2026, Driven by Constant Innovation in the Industry

According to a new report by EMR titled, 'Global Hereditary Orotic Aciduria Treatment Market Report and Forecast 2021-2026', the global market for hereditary orotic aciduria treatment is being aided by the growing clinical trial services market, which is expected to grow at a CAGR of 8% in the forecast period of 2021-2026.

Hereditary orotic aciduria is a unique, potentially life-threatening, genetic disorder that hinders the synthesisation of adequate amounts of uridine in the patient, and results in suffering from hematologic abnormalities, a range of developmental delays, failure to thrive, and episodes of crystalluria resulting in obstructive uropathy.

The market is being driven by the constant innovation and launches by the key industry players, such as Merck & Co., Inc. (NYSE: MRK) and Wellstat Therapeutics Corporation. In September 2016, Wellstat Therapeutics Corporation announced that the US Food and Drug Administration (FDA) approved a treatment known as uridine triacetate (Xuriden) for hereditary orotic aciduria treatment. Along with the approval of XURIDEN for the medication of HOA, the FDA has also granted the company, Wellstat Therapeutics, a Rare Pediatric Disease Priority Review Voucher. XURIDEN was made available commercially in early 2016. The rising healthcare awareness is expected to further aid the market growth in the forecast period.

Market Analysis by Drug Type, Indication, Distribution Channel, and Region:

  • The hereditary orotic aciduria treatment industry, on the basis of drug type, is divided into cytidine monophosphate and uridine monophosphate, among others.
  • On the basis of indication, the industry is segmented into type I and type II, among others.
  • By distribution channel, the industry is categorised into hospital pharmacies, retail pharmacies, and online, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The industry is propelled by the rising cases of clinical trials to develop drugs that offer proper treatment of the disorder.
  • The market is further being aided by the significant proportion of patients being recovered by the use of uridine. 
  • The growing healthcare awareness and healthcare expenditure is expected to boost the market growth of hereditary orotic aciduria treatment.
  • Ongoing research and development within the pharmaceutical industry and molecular science are expected to support the market growth in the forecast period. 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for hereditary orotic aciduria treatment for the periods (2016-2020) and (2021-2026). 
  • The report also offers the historical (2016-2020) and forecast (2021-2026) for the drug types, indications, distribution channels, and regional markets of hereditary orotic aciduria treatment. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Merck & Co. Inc. and Wellstat Therapeutics Corporation, among others, are the key players in the global hereditary orotic aciduria treatment market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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