Bizizz Market Research has recently published a research report, “Eculizumab Market By Type (Plasma Exchange and Plasma Infusion), disorder (PNH, AHUS and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Eculizumab Market was valued at US$ XX Mn in 2018 and it is anticipated to reach at market value of US$ 997.1 Mn by 2027, witnessing a CAGR of 12.0 % during the forecast period. Key drivers of the market are increased incidents of ailments raised due to various illnesses causing factors along with some of the genetic disorders.
The global demand for Eculizumab is playing significant role to cure various illnesses raised due to various environmental situations. It is one of the medications used in treating paroxysmal nocturnal hemoglobinuria (PHN) and atypical hemolytic uremic syndrome (aHUS), they are also traded under the name Soliris, and are offered as medicines. The medication is a humanized monoclonal antibody that is a terminal complement inhibitor of antibodies. The patients affected with PNH, leads in the elimination of red blood cells which are fatal and it needs a blood transfusion to sustain the biological system, leading to decrease in the risk of death. Eculizumab was a medication approved as in early stages in treating various illnesses, and their approvals were made depending on small clinical trials.
The Eculizumab market is anticipated to register a CAGR of over 12% during the forecast period.
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By Disorder, aHUSsegment held a prominent share in Global Eculizumab Market in 2018.
Considerable proportion of Eculizumab intake was exhibited by the patients suffering from aHUS, and it had estimated for approximately 55% in 2016. Such consumption rate of Eculizumab is attributed to different chronic illnesses due to patients encountering harmful environmental factors and continuous medications and exposing to the pollution causing agents increases the risk of aHUS disorder, which requires consumption of Eculizumab in the recent years. Therefore, substantial amount market growth for Eculizumab is observed, especially by the aHUS segment. The global market is anticipated to have a substantial growth for eculizumab through aHUS segment.
North America is Anticipated to Dominate the Global Eculizumab Market during the Forecast Period
The North America market has significantly being a largest consumer region of Eculizumab, coupled with a market share of approximately 40.3% in 2016. The region is followed by Europe registered as a second-largest consumption region for Eculizumab and it is registered for a consumption rate of approximately 32.6%. The North American region is projected to increase in the consumption rate during the forecast period due to an increasing number of chronic and environment caused health challenges.
Global Eculizumab market was moderately consolidated with key players accounting for significant share in 2018. The companies are adopting geographical expansion strategies such and mergers and acquisition coupled with investments into various companies that is increase their competency.
Prominent players operating in the Global Eculizumab Market are: Intas Pharmaceuticals Limited, Jenburkt Pharmaceuticals Limited, Accure Labs Private Limited, Shilpa Medicare Ltd., Aaltop Healthcare Private Limited, Bioplus Life Sciences Private Limited, and RR Life Sciences, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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