Global L-histidine market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market is growing at a CAGR of 5.90% in the above-mentioned research forecast period. Emerging markets and huge investments in research and development are the factors responsible for the growth of this market.
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The molecular weight of L-histidine is 155.15 g/mol. It functions as a nutraceutical, micronutrient, human metabolite, and E.coli metabolite. It’s a proteinogenic amino acid that helps in the growth and repairing of body tissues, protects the myelin sheaths, improves immunity, improves gastric function, and improves sexual functions.
However, technological advancement in treatment and diagnosis of chronic diseases and rising incidence of autoimmune disorders and chronic diseases such as rare disorders, cancers, and diabetes also boost up the market growth. Moreover, increasing demand for cost-efficient therapeutics in developing regions and an increase in the approval of new drugs for the treatment of chronic diseases act as an opportunity for market growth. However, the long process for manufacturing and stringent rules & regulations about facilities and equipment required for L-histidine drug may hamper the global L-histidine drug.
On geographical estimation, North America accounts for the largest market share due to the presence of high healthcare expenditure and favorable reimbursement policies for the treatment. Europe accounts for the second-largest market share due to increased genetic disorders and the presence of refined medical facilities. Asia-Pacific is expected to account for the largest market share over the coming years for the L-histidine drug due to the constant rise in the incidence of cancer coupled with increased demand for cost-efficient therapeutics.
The major players covered in the market are Angene International Limited, Novartis AG, Merck & Co., Inc., Twinlab Consolidated Corporation., Hoffmann-La Roche Ltd, Amgen Inc., ABI Chem Germany, Acron Laboratories PVT LTD, Eisai Co., Ltd., GlaxoSmithKline plc., Pfizer, Inc., CHANGZHOU HIGHASSAY CHEMICAL CO., LTD and Nordisk A/S among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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