InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Chapel Disease Therapeutics Market – (By Type (Eculizumab, Ravulizumab, Veopoz), By Diagnosis (Gastrointestinal Symptoms, Edema, Hypoalbuminemia, Hypogammaglobulinemia, Malnutrition), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Online Pharmacies)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global Chapel Disease Therapeutics Market is valued at US$ 144.89 Mn in 2023, and it is expected to reach US$ 161.10 Mn by 2031, with a CAGR of 1.41% during the forecast period of 2024-2031.
Chapel Syndrome, also known as CHOPS syndrome (Cerebro-Oculo-Facio-Skeletal syndrome), is a rare genetic illness distinguished by a variety of physical, developmental, and intellectual problems. The syndrome’s name is derived from the acronym for its principal traits: cerebral involvement (brain abnormalities), ocular anomalies (eye abnormalities), facial dysmorphism (distinctive facial features), and skeletal anomalies. Chapel Syndrome is caused by ERCC6L2 gene mutations and it is also inherited as an autosomal recessive trait. The increasing number of individuals suffering from Chaple syndrome is one of the important aspects that will likely boost the market in the long run. The rising demand for Eculizumab (Soliris), a blood thinner, iron supplements, blood transfusions, and bone marrow transplants for patients suffering from genetic disorders, as well as the rise in cases of gene expression or mutation in the population, are driving the market growth.
The market will likely grow due to research and development activities by biotechnological and pharmaceutical firms that provide treatment facilities, as well as an increase in demand for medications for the treatment of the illness. Additionally, an increase in expenditures for research and development operations, as well as technical improvements in the healthcare industry, combined with an increase in individuals’ disposable money for healthcare, is benefiting the Chaple syndrome market.
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List of Prominent Players in the Chaple Disease Therapeutics Market:
- Alexion Pharmaceuticals Inc.
- Akari Therapeutics
- Apellis Pharmaceuticals
- Amgen Inc.
- CinnaGen Co.
- Novartis AG
- Hoffmann-La Roche Ltd
- Regeneron Pharmaceuticals Inc.
- Alnylam Pharmaceuticals, Inc.
- Other Market Players
Market Dynamics:
Drivers-
Growing research efforts and scientific advances in comprehending the ailment are paving the door for novel medicines and treatment alternatives, moving the market ahead. In addition, as knowledge of Chapel Syndrome grows among healthcare professionals and the general public, more people are being correctly identified, boosting the patient pool and supporting market growth. Likewise, devoted advocacy organizations play an important role in promoting awareness, giving support, and driving research funding, ultimately helping to the expansion of the Chapel Syndrome industry.
Challenges:
The Chapel Disease market confronts a number of hurdles that limit its growth. Chapel Syndrome is a rare disorder, thus the small patient population presents a substantial challenge. Because of their rarity, large-scale clinical studies and research funding are difficult to secure. Furthermore, the disorder’s complexity, affecting various physiological systems, makes it difficult to create targeted medicines and necessitates a multidisciplinary approach to management. Furthermore, the general public and healthcare experts are unaware of Chapel Syndrome, which adds to the issues. This can result in a delayed diagnosis and limited access to proper care, impeding the expansion of the Chapel Syndrome market.
Regional Trends:
Throughout the projection period, North America is expected to remain the largest market for Chaple disease therapies. With multiple major pharmaceutical companies and a high level of healthcare spending, North America dominates the worldwide Chaple disease therapies market. Furthermore, Asia Pacific is estimated that it will be the rapid-growing market for Chaple disease therapies. The Asia Pacific market is rapidly rising as a hotspot due to favorable legislative backing, infrastructure upgrades, and changing customer demands.
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Recent Developments:
- In Aug 2023, The FDA granted approval for Regeneron’s pozelimab as the first medication for patients with the extremely rare disease CHAPLE. This treatment is authorized for anyone aged one and older who inherited this disorder.
- In June 2023, Amgen successfully finalized its purchase of Horizon Therapeutics plc for $116.50 per share in cash, resulting in a total transaction equity value of almost $27.8 billion.
Segmentation of Chaple Disease Therapeutics Market-
By Type –
- Eculizumab
- Ravulizumab
- Veopoz
By Diagnosis –
- Gastrointestinal Symptoms
- Edema
- Hypoalbuminemia
- Hypogammaglobulinemia
- Malnutrition
By Distribution Channel –
- Retail Pharmacies
- Hospital Pharmacies
- Online Pharmacies
By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- South East Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
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