The 7 major porphyria markets reached a value of US$ 2.7 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 4.6 Billion by 2034, exhibiting a growth rate (CAGR) of 4.8% during 2024-2034.
Report Attribute
|
Key Statistics
|
---|---|
Base Year |
2023
|
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
|
Market Size in 2023
|
US$ 2.7 Billion |
Market Forecast in 2034
|
US$ 4.6 Billion |
Market Growth Rate 2024-2034
|
4.8% |
The porphyria market has been comprehensively analyzed in IMARC's new report titled "Porphyria Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Porphyria is a group of rare genetic disorders that result from abnormalities in the heme biosynthesis pathway, which leads to an accumulation of porphyrins and their precursors in the body. This ailment is mainly classified into acute and cutaneous porphyria. Acute porphyria is a short-term condition that primarily affects the nervous system and, in some cases, the skin. The usual symptoms are pain in the chest, abdomen, legs, or back, rapid or irregular heartbeats, seizures, mental changes, etc. Cutaneous porphyria is long-lasting and affects only the skin, leading to pain or blisters when the skin is exposed to sunlight. The symptoms mostly include changes in skin color or scarring, fragile skin, blisters on exposed skin, etc. The diagnosis of porphyria generally involves a combination of medical history, physical examination, and laboratory test procedures. The doctor might look for signs of skin sensitivity, abdominal pain, and muscle weakness during the physical examination. Laboratory tests to diagnose porphyria include measurement of porphyrin and precursor levels in the blood, urine, or stool samples. Additionally, genetic testing may also be used to identify specific enzyme deficiencies associated with different types of porphyria.
The increasing incidence of rare genetic disorders and the rising unmet medical need for effective therapies to treat such conditions are primarily driving the porphyria market. Additionally, the inflating usage of pain management medicines, including nonsteroidal anti-inflammatory drugs (NSAIDs), opioids, nerve blocks, etc., to help alleviate the abdominal and neurological symptoms associated with the disease is also bolstering the market growth. Furthermore, the shifting preference from hematin injections towards panhematin infusions, since panhematin is easier to obtain, has a longer shelf life, and is less expensive than hematin, is acting as another significant growth-inducing factor. Besides this, the escalating utilization of erythropoietin injections to increase the production of red blood cells and heme in congenital erythropoietic porphyria patients is further creating a positive outlook for the market. Moreover, the widespread adoption of high-performance liquid chromatography (HPLC) to measure the levels of porphyrins and other heme precursors in blood, urine, and feces for the diagnosis of the ailment is also propelling the market growth. Apart from this, several biotechnological advancements, including the introduction of synthetic small interfering RNA (siRNA) molecules, which can decrease the buildup of neurotoxic porphyrin precursors and improve quality of life among patients, are expected to drive the porphyria market in the coming years.
IMARC Group's new report provides an exhaustive analysis of the porphyria market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for porphyria and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the porphyria market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current porphyria marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
---|---|
Givlaari (Givosiran) | Alnylam Pharmaceuticals |
Panhematin (Hemin for injection) | Recordati |
Scenesse (Afamelanotide) | Clinuvel Pharmaceuticals |
DISC-1459 | Disc Medicine |
MT7117 | Mitsubishi Tanabe Pharma |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Porphyria: Current Treatment Scenario, Marketed Drugs and Emerging Therapies