The hyperoxaluria drug market is expected to witness market growth at a rate of 3.85% in the forecast period of 2021 to 2028. Data Bridge Market Research report on hyperoxaluria drug market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The advancements in the healthcare sector is escalating the growth of hyperoxaluria drug market.
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Hyperoxaluria refers to an ultra-rare metabolic disorder that is generally characterized by excessive oxalate production resulting in the deposition of calcium oxalate crystals in the kidneys and urinary tract. The disorder may lead to the formation of painful and recurrent kidney stones and nephrocalcinosis.
The increase in the number of people suffering from hyperoxaluria across the globe acts as one of the major factors driving the growth of hyperoxaluria drug market. The increase in special designation from the regulatory authority, and rise in demand for drugs such as calcium oxalate urinary inhibitors, thiazide diuretics and others, for treating various complications of the disease accelerate the market growth. The development of technology offering therapies for specific treatment of the disorder, and growing number of acquisition strategies and company collaborations for research projects further influence the market.
On the other hand, high cost associated with the treatment and diagnosis of hyperoxaluria is expected to obstruct the market growth. Limited operating revenue opportunities for research and development of targeted therapies by many pharmaceuticals are projected to challenge the hyperoxaluria drug market in the forecast period of 2021-2028.
North America dominates the hyperoxaluria drug market due to the well-established healthcare infrastructure in the region. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of the large patient population within the region.
The major players covered in the hyperoxaluria drug market report are Allena Pharmaceuticals, Inc., Intellia Therapeutics, Inc., OxThera, Dicerna Pharmaceuticals, Inc, Alnylam Pharmaceuticals, Inc., Pfizer Inc., and Sanofi, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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