North America Huntington’s Disease Treatment Market

North America Huntington's Disease Treatment Market Size, Share & Trends Analysis Report By Drug Type (Approved Drugs (Tetrabenazine and Deutetrabenazine) and Offlabel Drugs), By Distribution Channel, By Age, By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-23455 Publication Date: July-2024 Number of Pages: 112
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Market Report Description

The North America Huntington's Disease Treatment Market would witness market growth of 8.5% CAGR during the forecast period (2024-2031).

The US market dominated the North America Huntington's Disease Treatment Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $234,802.6 Thousands by 2031. The Canada market is experiencing a CAGR of 10.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 9.9% during (2024 - 2031).

North America Huntington's Disease Treatment Market

Symptomatic management aims to alleviate the motor, cognitive, and psychiatric symptoms associated with Huntington’s Disease, thereby improving patients’ quality of life. Key therapies include chorea, which is characterized by involuntary movements and is often treated with medications such as tetrabenazine and deutetrabenazine. These drugs help reduce dopamine levels in the brain, mitigating chorea symptoms.

In addition, muscle rigidity and dystonia, which can cause discomfort and impair movement, may be managed with muscle relaxants and physical therapy. HD patients commonly experience psychiatric disturbances like depression, anxiety, and irritability. Antidepressants, anxiolytics, and antipsychotic medications are prescribed to manage these symptoms. While specific medications for cognitive decline in HD are limited, cognitive rehabilitation, memory aids, and supportive therapies play a crucial role in managing cognitive impairments.

Rare diseases often present diagnostic challenges due to their unfamiliarity among healthcare providers. The burden of these disorders on patients and their families may increase because of delays in diagnosis and necessary treatment. The Canadian government reports that of the more than 7,000 identified rare diseases, 14,000 children under the age of 15 in Canada pass away from a rare disease annually. Furthermore, increased funding can lead to establishing or expanding research facilities and laboratories specializing in neurodegenerative diseases like HD. This infrastructure supports advanced research methodologies and recruiting specialized researchers and clinicians. Canada's first National Strategy for Drugs for Rare Diseases, unveiled in March 2023, aims to increase the availability and cost-effectiveness of drugs for rare diseases. In addition, higher healthcare expenditure in Mexico facilitates greater accessibility to specialized neurology services, including diagnostic facilities, neurological consultations, and multidisciplinary care teams equipped to manage complex conditions like Huntington's Disease. Thus, the high prevalence of rare diseases and rising healthcare expenditure in the region is driving the growth of the market.

Free Valuable Insights: The Huntington's Disease Treatment Market is Predict to reach USD 805.1 Million by 2031, at a CAGR of 9.0%

Based on Drug Type, the market is segmented into Approved Drugs (Tetrabenazine and Deutetrabenazine) and Offlabel Drugs. Based on Distribution Channel, the market is segmented into Hospital Pharmacies, Drug Store & Retail Pharmacies, and Online Pharmacies. Based on Age, the market is segmented into Below 50 years and Above 50 years. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

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List of Key Companies Profiled

  • Bausch Health Companies, Inc.
  • Teva Pharmaceutical Industries Ltd.
  • Camber Pharmaceuticals, Inc. (Hetero Labs Limited)
  • Hikma Pharmaceuticals PLC
  • Takeda Pharmaceutical Company Limited
  • Sun Pharmaceutical Industries Ltd.
  • Dr.Reddy’s Laboratories Ltd.
  • Neurocrine Biosciences Inc.
  • Pfizer, Inc.
  • F.Hoffmann-La Roche Ltd.

North America Huntington’s Disease Treatment Market Report Segmentation

By Drug Type

  • Approved Drugs
    • Tetrabenazine
    • Deutetrabenazine
  • Offlabel Drugs

By Distribution Channel

  • Hospital Pharmacies
  • Drug Store & Retail Pharmacies
  • Online Pharmacies

By Age

  • Below 50 years
  • Above 50 years

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America
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