Transparency Market Research has published a new report, titled “Metabolic Disorders Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.” According to the report, the global metabolic disorders market is growing at a healthy pace on account of the emergence of various patient support programs in order to treat the different types of metabolic disorders as well as the co-pay assistance service provided to patients by key players within the market. This provision offered by key players to the patients help patients to get medicines for obesity, hypercholesterolemia, diabetes, and lysosomal storage diseases.
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In addition to this, several organizations such as the National Organization for Rare Disorders, National Gaucher Foundation, and the National Gaucher Foundation of Canada are offering financial support to patient who require therapy for metabolic diseases. In addition to this, assistance programs offered by drug suppliers are encouraging patients suffering from metabolic diseases to buy authentic and branded therapeutics rather than opting for cheaper alternatives and all these factors are propelling the growth of the metabolic disorders market.
For the treatment of metabolic disorders, multimodal treatment is used, which includes vitamin supplements, physical therapy, bone marrow supplements, mineral supplements, medications for reducing the symptoms of metabolic disorders, and surgical interventions are used. On the basis of type of disease, the global metabolic disorders market is segmented into diabetes, lysosomal storage diseases, obesity, and hypercholesterolemia. Of these, the leading disease which is gripping people worldwide and generating the highest demand for metabolic disorder treatment is diabetes. Moreover, this segment is estimated to continue to generate high revenue for the metabolic disorder market as 422 million people worldwide suffered from diabetes, according to a 2016 International Diabetes Federation report. The report also states that by 2040, over 10% of the total population or 642 mn people will suffer from diabetes.
On the basis of geography, the metabolic disorders market is leading in North America and shall continue to do so as thanks to the availability of advanced technologies and presence of a vast pool of diabetic and geriatric population. Asia Pacific is anticipated to be the next biggest market for metabolic disorders on account of the various healthcare reforms working in favour for the market and growing pool of diabetic patients in countries such as India.
The prominent players operating in the metabolic disorders market have been profiled in the report. Some of them are: Sanofi, Novo Nordisk A/S, Merck, Eli Lilly and Company, AstraZeneca, GlaxoSmithKline plc, Biocon, Pfizer, Inc., and F. Hoffmann-La Roche. Leading players within the market are participating in various strategic collaborations and partnerships in order to gain market shares as well as improve and expand their current product and service portfolios.