Global Metabolic Disorders Drugs Market Trends And Strategies Of Major Players In The Metabolic Disorders Drugs Market 2020
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The metabolic disorders drugs market consists of sales of metabolic disorders drugs and related services by entities (organizations, sole traders and partnerships) that produce metabolic disorders drugs to treat metabolic diseases. This industry includes establishments that produce drugs such as insulin, pramlintide and other drugs to treat diabetes, anti-thyroid drugs to treat hyperthyroidism, and other drugs to treat pituitary gland, adrenal gland and parathyroid gland disorders.
The global metabolic disorders drugs market is expected to decline from $145.9 billion in 2019 to $141.4 billion in 2020 at a compound annual growth rate (CAGR) of -3.1%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. COVID-19 pandemic is affecting industries across the globe including the pharmaceutical sector. The disruptions due to extended factory closures in various countries, shortage of APIs and other chemicals, rise in prices of key ingredients, and slowed production are the key factors for this decline. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $200.8 billion in 2023.
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The global metabolic disorders drugs market is further segmented based on type, distribution channel, route of administration, drug classification, mode of purchase and geography.
By Type: Anti Diabetics drugs, Anti-Thyroid drugs, Others (Hyperparathyroidism, Hypopituitarism, Hypoadrenalism).
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies/ Drug Stores, Others.
By Route Of Administration: Oral, Parenteral, Others.
By Drug Classification: Branded Drugs, Generic Drugs.
By Mode Of Purchase: Prescription-Based Drugs, Over-The-Counter Drugs.
By Geography: The global metabolic disorders drugs market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American metabolic disorders drugs market accounts for the largest share of 54% in the global metabolic disorder’s drugs market 2019.
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Trends In The Metabolic Disorders Drugs Market
Administration (FDA) has approved various enzyme replacement therapies for the treatment of metabolic disorders. Enzyme replacement therapy is used for treatment of rare genetic disorders through purified human, animal or recombinant enzymes.
Metabolic Disorders Drugs Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides metabolic disorders drugs market overviews, analyzes and forecasts market size and growth for the global metabolic disorders drugs market, metabolic disorders drugs market share, metabolic disorders drugs market players, metabolic disorders drugs market segments and geographies, metabolic disorders drugs market’s leading competitors’ revenues, profiles and market shares. The metabolic disorders drugs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.