Overview
Alagille Syndrome is an uncommon inherited disorder which affects different organs such as the kidney, liver, heart, lungs, and eyes. In this disease, excess bile builds up in the liver resulting in liver inflammation. This inflammation can eventually lead to cirrhosis or even cancer. It is caused by gene abnormalities. This disorder can affect men and women of any age. People with Alagille Syndrome experience persistent itching in the anal region. There are also some symptoms of the disease which include bleeding during bowel movement, loss of weight, abdominal pain, nausea, vomiting, and diarrhea. When liver inflammation progresses, it obstructs the bile ducts and consequently, no liquid can be discharged from the digestive tract.
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Competitive Landscape
Major companies contributing to the global alagille syndrome treatment market include Par Pharmaceuticals, Inc., Sanofi S.A., Glenmark Pharmaceuticals Limited, AbbVie, Inc., Teva Pharmaceutical Industries Ltd., Mirum Pharmaceuticals, Albireo Pharma, Inc., Akorn, Inc., Novartis International AG, and Mylan Pharmaceuticals, Inc.
Drivers
Growing prevalence of alagille syndrome in parallel to the increased occurrences of hereditary disorders and cancer is expected to propel growth of the alagille syndrome treatment market throughout the forecast period.
In addition to this, rising expenditure on the healthcare infrastructure and R&D activities is expected to supplement growth of the alagille syndrome treatment market during the forecast period.
The Epitome of the COVID-19 Debacle
The onset of the COVID-19 virus has posed a significant barrier in the progress of the global alagille syndrome treatment market. The market witnessed a strong decline in terms of staff availability, new appointment scheduling, ongoing therapies, and others. Although, plunging cases of the virus coupled with the progressing vaccination drives are brightening the future prospects of the market.
Key Takeaways
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The alagille syndrome treatment market is anticipated to grow at a CAGR of XX % during the forecast period owing to the increased incidences of alagille syndrome and other genetic disorders. For instance, in June 2021, the American Liver Foundation revealed that alagille syndrome affects 1 in every 30,000 newborns, irrespective of sex, ethnicity or region.
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By expanding the geography, North America is a big destination for the global alagille syndrome treatment market on the heels of increasing hereditary disorders combined with the robust healthcare infrastructure.
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Besides, the Asia Pacific region is projected to be a profit hub for the alagille syndrome treatment market on account of a large patient pool and the introduction of favorable compensation policies by the local governments.
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