The global Aarskog Scott syndrome treatment market is expected to garner a market value of USD 3.20 Billion in 2023 and is expected to accumulate a market value of USD 6 Billion by registering a CAGR of 6.5% in the forecast period 2023 to 2033. Growth of the Aarskog Scott syndrome treatment market can be attributed to the increasing prevalence of Aarskog Scott syndrome treatment across the globe along with several ongoing clinical trials to innovate medication. The market for Aarskog Scott syndrome treatment registered a CAGR of 3% in the historical period 2018 to 2022
Aarskog Scott syndrome treatment is a rare genetic, skeleton disorder that is caused due to a mutation in X chromosomes. This condition results in facial, short stature, limb, and genital abnormalities. The gene associated with this rare disease is FGD1 (faciogenital dysplasia) gene on the X chromosome. The symptoms of this disorder include hypertelorism, philtrum, widow's peak hairline, brachydactyly, fifth finger clinodactyly, cutaneous syndactyly, cleft lip, cleft palate, and others. This condition is also known as Facio-digital-genital Syndrome, Aarskog-Scott Syndrome, or Faciogenital Dysplasia.
| Report Attribute | Details |
|---|---|
| Expected Market Value (2023) | USD 3.20 Billion |
| Anticipated Forecast Value (2033) | USD 6 Billion |
| Projected Growth Rate (2023 to 2033) | 6.5% CAGR |
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According to market research and competitive intelligence provider Future Market Insights- the market for Aarskog Scott syndrome treatment reflected a value of 3% during the historical period, 2017 to 2022.
The cases of Aarskog Scott syndrome treatment are rare in comparison to other ailments. In addition, the non-availability of treatment for Aarskog Scott syndrome treatment is creating opportunities for research and development of medication. Furthermore, the integration of technological advancement to understand the nature of the ailment and to innovate medication on the same is expected to propel market growth in the assessment period 2023 to 2033.
Thus, the market for Aarskog Scott syndrome treatment is expected to register a CAGR of 6.5% in the forecast period 2023 to 2033.
Rise in research and development activities to treat Aarskog Scott syndrome treatment creating lucrative opportunities for market growth
The rise in the prevalence of Aarskog-Scott syndrome treatment in males and technological advancement are the major factors influencing the market growth rate. Furthermore, rising awareness towards rare diseases, adoption of surgeries as a treatment option for various orthodontic conditions, and growing government support will expand the global Aarskog Scott syndrome treatment market.
A rise in research and development activities and ongoing clinical trials will provide beneficial opportunities for the global Aarskog Scott syndrome treatment market in the forecast period of 2021 to 2028.
The rise in adoption of surgeries along with an increase in clinical trials boosting the growth of Aarskog Scott syndrome treatment market
Ongoing clinical trials, increasing frequency of Aarskog Scott syndrome treatment in males, and technological advancements are a few factors boosting the market. The benefits of growth hormones, in the patients suffering from Aarskog Scott syndrome treatment, have driven its awareness and faster adoption amongst physicians are a few other factors that are likely to boost the Aarskog Scott syndrome treatment market
Moreover, the adoption of surgeries for the treatment of various orthodontic problems and eye defects is another factor that is expected to boost the demand for accurate management or treatment of this condition
Lack of awareness and expensive nature of treatment hampering Aarskog Scott syndrome treatment market growth
The high cost associated with the treatment is the major factor restraining the overall growth of the market. Prolonged delay in diagnosis is another factor derailing the progress of the market. In addition, the lack of a permanent cure for this disease is expected to hamper the market growth.
In the forecast period mentioned above, lack of awareness and limited evidence will challenge the global Aarskog Scott syndrome treatment market. Moreover, no permanent and accurate cure for the ailment is creating obstacles to the development of the market.
Technological advancements helping in the diagnosis of Aarskog Scott syndrome treatment
North America dominates the Aarskog Scott syndrome treatment market due to the growing diagnosis rate of Aarskog Scott syndrome treatment, the presence of major key players, technological advancement, increasing awareness about gene mutation causing Aarskog Scott syndrome treatment, and the well-developed healthcare sector in this region.
Furthermore, the increase in the diagnosis rate of Aarskog-Scott syndrome treatment, technological advancements, and awareness about the mutation in the FGD1 gene led to Aarskog-Scott syndrome treatment. Furthermore, as per research, 20% of the people with Aarskog-Scott syndrome treatment have identified mutations in the FGD1 gene, which is expected to drive the treatment of the syndrome during the forecast period. Moreover, organizations, foundations, and patient support groups are estimated to create awareness and support people suffering from Aarskog Scott syndrome treatment. Thus, North America is expected to possess a 40% market share for the Aasrkog Scott syndrome market in 2023.
Availability of various diagnostic tests propelling market growth in Europe
The Aarskog Scott syndrome treatment market in Europe is expected to grow during the forecast period due to the increasing research and development activities, rising investment in the healthcare sector, growing awareness about rare diseases, and a rise in genetic counseling.
Europe is considered to be the second-largest market for Aarskog Scott syndrome treatment attributable to awareness about this rare disease in the region. For instance, differential diagnosis, antenatal diagnosis, and genetic counseling are a few diagnostic tools that are anticipated to propel the Aarskog Scott syndrome treatment market during the forecast period. Thus, Europe is expected to hold a 35% market share for the Aarskog Scott syndrome treatment market in 2023.
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Government schemes and reimbursement policies make hospitals a viable option for treatment
On the basis of end-user, the Aarskog Scott syndrome treatment market is segmented into Hospitals, Clinics, Ambulatory Surgical Centres, Others
The hospital segment is expected to hold the largest market share for Aarskog Scott syndrome treatment. This is owing to the availability of various treatments and diagnostics in hospitals. In addition, the presence of healthcare experts in hospitals is playing a key role in the wide usage of hospitals for the treatment of Aarskog-Scott syndrome treatment.
In addition, initiatives by government authorities to support the treatment of Aarskog Scott syndrome treatment, especially in hospitals are favoring the growth of the same. Moreover, reimbursement schemes and their benefits are making hospitals a go-to option for the treatment of Aarskog Scott syndrome treatment. Thus, hospitals are expected to hold a 40% market share of the Aarskog Scott syndrome treatment market in 2023.
Key players in the Aarskog Scott syndrome treatment market are VECTOR BIOLABS, Santa Cruz Biotechnology, Inc, MyBiosource, Inc, Pfizer, Novo Nordisk, Eli Lilly and Company, GeneScience Pharmaceuticals Co., Ltd, Johnson & Johnson Private Limited, Medtronic, Sanofi
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 3.20 Billion |
| Market Value in 2033 | USD 6 Billion |
| Growth Rate | CAGR of 6.5% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Treatment, Diagnosis, End User, Region |
| Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East and Africa (MEA) |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | VECTOR BIOLABS; Santa Cruz Biotechnology, Inc; MyBiosource, Inc; Pfizer; Novo Nordisk; Eli Lilly and Company; GeneScience Pharmaceuticals Co., Ltd; Johnson & Johnson Private Limited; Medtronic; Sanofi |
| Customization | Available Upon Request |
The market is valued at USD 3.2 billion in 2023.
Pfizer, Novo Nordisk, and Sanofi are key market players.
Hospitals are the key end users of Aarskog Scott syndrome treatment.
During the historical period, the market registered a 3% CAGR.
North America holds a 40% share in 2023.
| Market Size, 2023 | USD 5,120 million |
|---|---|
| Market Size, 2033 | USD 9,521 million |
| Value-based CAGR from 2023 to 2033 | 6.4% |
| Expected Market Value in 2023 | USD 9.48 billion |
|---|---|
| Projected Market Value in 2033 | USD 29.07 billion |
| Growth Rate (2023 to 2033) | 8.95% |
| Market Value (2022) | USD 2,990.8 Million |
|---|---|
| Market Anticipated Forecast Value (2032) | USD 5,614.1 Million |
| Market Projected CAGR (2022 to 2032) | 5.9% |
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Aarskog Scott Syndrome Treatment Market
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