The 5-Alpha Reductase Deficiency by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s 5-Alpha Reductase Deficiency, The 5-alpha reductase deficiency market size has grown strongly in recent years. It will grow from $1.29 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to research and development, regulatory landscape, healthcare infrastructure, increased awareness and education, health insurance coverage.
The 5-alpha reductase deficiency market size is expected to see strong growth in the next few years. It will grow to $1.94 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to innovations in therapeutics, genetic research advances, precision medicine, global health initiatives, integration of gene therapies. Major trends in the forecast period include advancements in treatment options, diagnostic innovations, patient-centric approaches, regulatory landscape, market access and affordability.
The growing number of research and development activities in genomics is significantly contributing to the growth of the 5-alpha reductase deficiency market. Genomics refers to studying a person’s whole gene pool (genome), including how those genes interact with one another and with their environment. Genomics is used to diagnose 5-alpha reductase deficiency by identifying specific genetic mutations responsible for the disorder. Thus, research and development activities in genomics will aid in discovering and treating the disorder. For instance, in July 2022, according to the ‘Accelerating Access to Genomics for Global Health’ report issued by the World Health Organization (WHO), a Switzerland-based specialized health agency of the United Nations, the percentage of nations equipped to conduct genomic surveillance rose from 54% to 68% between March 2021 and January 2022. Therefore, the growing number of research and development activities in genomics will drive the 5-alpha reductase deficiency market.
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The 5-alpha reductase deficiency market covered in this report is segmented –
1) 5-Alpha Reductase Deficiency Market By Diagnosis: Chromosome Analysis, Gene Sequencing, Hormone Tests, Imaging Tests, Genetic Screening, Other Diagnosis
2) 5-Alpha Reductase Deficiency Market By Treatment: Surgery, Vaginoplasty, Feminizing Genitoplasty, Hormone Replacement Therapy, Other Treatments
3) 5-Alpha Reductase Deficiency Market By End-Users: Hospitals, Specialty Clinics, Other End-Users
Top Major Players
Merck & Co. Inc.
F. Hoffmann-La Roche Ltd.
Sanofi SA
Pfizer Inc.
GlaxoSmithKline PLC
The development of innovative genetic testing for diagnosing rare diseases is the key trend in the 5-alpha reductase deficiency market. Major companies operating in the 5-alpha reductase deficiency market are focusing on developing innovative genetic testing which can diagnose rare diseases like 5-alpha reductase deficiency more efficiently and at the early stages. Such innovations enable key players to gain a competitive edge in the market. For instance, in June 2022, Avesthagen Limited, a US-based integrated systems biology platform company, launched its new genetic testing portfolio. Genome panels in the portfolio offer highly specialized, disease-centric analysis for rare genetic diseases.
The 5-alpha reductase deficiency market report table of contents includes:
1. Executive Summary
2. 5-Alpha Reductase Deficiency Market Characteristics
3. 5-Alpha Reductase Deficiency Market Trends And Strategies
4. 5-Alpha Reductase Deficiency Market – Macro Economic Scenario
5. Global 5-Alpha Reductase Deficiency Market Size and Growth
….
31. Global 5-Alpha Reductase Deficiency Market Competitive Benchmarking
32. Global 5-Alpha Reductase Deficiency Market Competitive Dashboard
33. Key Mergers And Acquisitions In The 5-Alpha Reductase Deficiency Market
34. 5-Alpha Reductase Deficiency Market Future Outlook and Potential Analysis
35. Appendix
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