Global Alpha 1 Antitrypsin Deficiency Treatment Market to Reach US$ 3.1 Billion by 2028, Augmented by Increasing Prevalence of Chronic Respiratory Diseases

September 30, 2020 | Healthcare

According to the latest report by IMARC Group, titled “Alpha 1 Antitrypsin Deficiency Treatment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global alpha 1 antitrypsin deficiency treatment market reached a value of US$ 1.9 Billion in 2022. Alpha 1 antitrypsin deficiency (AAT) is an inherited condition wherein the body fails to produce an adequate amount of AAT, a protein that protects the lungs and liver from the harmful effects of other proteins. Its deficiency often leads to liver cirrhosis, emphysema diseases and chronic obstructive pulmonary diseases (COPD). Some of its common symptoms include tiredness, vision problems, weight loss, shortness of breath, repeated lung infections and rapid heartbeat on standing. AAT deficiency is nowadays treated using different therapeutic methods, such as corticosteroids, oxygen therapy, bronchodilators and augmentation therapy.


Global Alpha 1 Antitrypsin Deficiency Treatment Market Trends:

The global market is presently experiencing growth on account of the rising cases of the alpha 1 antitrypsin deficiency and the increasing prevalence of chronic respiratory diseases. Besides this, technological advancements in diagnostic methods, along with the development of innovative processes for the production and purification of AAT, are positively influencing the demand for the treatment. Furthermore, the increasing expenditure on research and development (R&D) in asthma and chronic obstructive pulmonary disease (COPD) treatment, in confluence with the growing number of awareness programs, is propelling the growth of the market. However, the sudden spread of the coronavirus disease (COVID-19) and lockdowns imposed by governments of numerous countries have negatively influenced the market growth on account of temporary disturbances caused in the supply chain and operations of manufacturing units. The market is expected to experience growth once normalcy is regained. Looking forward, the market value is projected to reach US$ 3.1 Billion by 2028, expanding at a CAGR of 8.3% during the forecast period (2023-2028).


Market Summary:

  • Based on the treatment type, the market has been segmented into augmentation therapy, bronchodilators, corticosteroids, oxygen therapy and others.
  • On the basis of the route of administration, the market has been segregated into parenteral, inhalation and oral.
  • The market has been analyzed on the basis of the end user into hospitals, specialty clinics and others.
  • Region-wise, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being AstraZeneca PLC, C.H. Boehringer Sohn AG & Ko. KG, CSL Limited, GlaxoSmithKline Plc, Grifols S.A., Kamada Ltd., LFB Biomedicaments S.A., Pfizer Inc., Takeda Pharmaceutical Company Limited and Teva Pharmaceutical Industries Ltd.
     

Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 203-2028
Units US$ Billion
Segment Coverage Treatment Type, Route of Administration, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AstraZeneca PLC, C.H. Boehringer Sohn AG & Ko. KG, CSL Limited, GlaxoSmithKline Plc, Grifols S.A., Kamada Ltd., LFB Biomedicaments S.A., Pfizer Inc., Takeda Pharmaceutical Company Limited and Teva Pharmaceutical Industries Ltd.
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Global Alpha 1 Antitrypsin Deficiency Treatment Market to Reach US$ 3.1 Billion by 2028, Augmented by Increasing Prevalence of Chronic Respiratory Diseases
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