Carglumic Acid Market Snapshot
| Study Period: | 2018 - 2026 |
| Base Year: | 2021 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | North America |
| CAGR: | >7.2 % |
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Market Overview
The major factors attributing to the growth of the carglumic acid market are the rise in alcohol consumption, smoking and sedentary life leading to various cancers along with with the global prevalence of metabolic disorders like hepatic encephalopathy, Reye’s syndrome, cirrhosis. Thus, resulting in excess levels of ammonia in the blood, resultant higher demand for treatment. For instance, according to the report published by the National Library of Medicine in December 2019, N -acetyl glutamate synthase deficiency is estimated to affect 1 in 2 million people worldwide which fuels the demand for the Carglumic acid globally. Also, carglumic acid has also shown potential for anti-tumor activity in breast cancer, along with various applications in cosmetics, and chemicals which are expected to fuel the global carglumic acid market during the forecast period.
Scope of the Report
Carglumic acid is an orphan drug used to treat hyperammonemia also known as NAGS Syndrome, a rare genetic disorder occurs due to lack of an enzyme called N-acetyl glutamate synthase (NAGS) in the liver results in elevated levels of ammonia in the blood. Various neurological disorders such as congenital deficiencies of urea cycle enzymes, hepatic encephalopathy, Reye’s syndrome, several other metabolic disorders occur with the increased levels of ammonia demanding the necessity for Carglumic acid in the forecast period.
| By Dosage Form | |
| Orally Disintegrating Tablets | |
| Dispersible Tablets | |
| Others |
| By Distribution Channel | |
| Hospital Pharmacies | |
| Retail Pharmacies | |
| E-Commerce Channel |
| Geography | ||||||||
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Key Market Trends
Dispersible Tablets Segment is Expected to Hold the Largest Market Share in the Global Carglumic Acid Market
- The Dispersible Tablets segment holds the largest share in the market attributed to the only approved carbaglu oral dispersible tablet without any generic drug available in the market and increased patient compliance due to its ease of administration. Furthermore, the higher price of the tablets is also expected for its largest revenue that fuels the market throughout the period.
- Based on Distribution Channel, hospital pharmacies account for the highest revenue in the market due to the availability of the physician, treatment, and medication at a single premise. However, the presence of advanced retail outlets in developed economies also contributed to the growth of the global carglumic acid market. Also, a steep rise in the revenue of carglumic acid through e-commerce channel is a groundbreaking trend that has emerged in the global market in recent years indicating an exponential growth of the global carglumic acid market in the forecast period.
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North America Dominates the Market and Expected to do Same in the Forecast Period.
North America is expected to dominate the overall carglumic acid market, throughout the forecast period. The dominance is due to several factors such as increasing incidences of various cancers like breast cancer, lung cancer and hyperammonemia in North America leading to high demand for carglumic acid in the region. Also, the presence of key pharmaceutical companies investing in the research activities to develop novel products to treat cancers using the Carglumic acid and the regulatory bodies such as USFDA create awareness about carglumic acid, along with its dosage and use in the region attributes to the growth of the market. For instance, according to National Center for Biotechnology Information report published in June 2019, about 150,000 patients are newly diagnosed each year with Hepatic encephalopathy in the United States which necessitating a huge demand for treatment propelling the global Carglumic acid market revenue in the forecast period.
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Competitive Landscape
The global carglumic acid market is moderately competitive and consists of several major players. In terms of market revenue, few of the prominent players currently dominating the market are applying various strategies like acquiring the products or other companies to consolidate their market positions across the globe and while others are applying for generic product approvals. For example, a rise in API manufacturers like Suven and Apothecan in India generates revenue by supplying the API to meet the demand of carglumic acid driving the market growth. Some of the companies which are currently dominating the market are Apothecon Pharmaceuticals Pvt. Ltd, Manus Aktteva Biopharma LLP, Recordati Rare Diseases Inc, Dipharma Francis S.r.l and Civentichem LLC.
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Global Prevalence of N-acetylglutamate Synthase (NAGS) Syndrome and Cancer Cases
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4.2.2 Rise in New Product Approvals due to Accelerated Drug Approval Initiative by USFDA
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4.3 Market Restraints
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4.3.1 Higher Challenges in Development Stage and Expensive Patented Products
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4.3.2 Severe Adverse Effects Associated with Carglumic Acid Medication
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Dosage Form
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5.1.1 Orally Disintegrating Tablets
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5.1.2 Dispersible Tablets
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5.1.3 Others
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5.2 By Distribution Channel
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5.2.1 Hospital Pharmacies
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5.2.2 Retail Pharmacies
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5.2.3 E-Commerce Channel
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Italy
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5.3.2.5 Spain
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5.3.2.6 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 South Korea
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5.3.3.6 Rest of Asia-Pacific
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5.3.4 Middle-East and Africa
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5.3.4.1 GCC
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5.3.4.2 South Africa
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5.3.4.3 Rest of Middle-East and Africa
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5.3.5 South America
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5.3.5.1 Brazil
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5.3.5.2 Argentina
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5.3.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Apothecon Pharmaceuticals Pvt Ltd
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6.1.2 Manus Aktteva Biopharma LLP
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6.1.3 Recordati Rare Diseases Inc
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6.1.4 Dipharma Francis S r l
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6.1.5 Civentichem LLC
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6.1.6 Dipharma S A
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6.1.7 NURAY CHEMICALS
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6.1.8 NOVITIUM PHARMA LLC
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6.1.9 Suven Life Sciences Limited
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6.1.10 Biophore India Pharmaceuticals Pvt Ltd
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Carglumic Acid Market market is studied from 2018 - 2026.
What is the growth rate of Carglumic Acid Market?
The Carglumic Acid Market is growing at a CAGR of >7.2% over the next 5 years.
Which region has highest growth rate in Carglumic Acid Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Carglumic Acid Market?
North America holds highest share in 2020.
Who are the key players in Carglumic Acid Market?
Apothecon Pharmaceuticals Pvt. Ltd, Manus Aktteva Biopharma LLP, Recordati Rare Diseases Inc, Dipharma Francis S.r.l, Civentichem LLC are the major companies operating in Carglumic Acid Market.
