The Global Angioedema Treatment Market Growth Accelerated by Rising Prevalence of Angioedema Diseases
Angioedema is a potentially life-threatening condition characterized by acute nonpitting edema of the deep dermis and subcutaneous tissues. It can occur either hereditary or acquired form. Angioedema treatment includes drugs such as C1 esterase inhibitors, bradykinin receptor antagonists, androgens, and antihistamines.
The global angioedematreatment market is estimated to be valued at US$ 470.4 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rising prevalence of angioedema diseases is one of the major factors driving the growth of the angioedema treatment market. According to angioedema association, it is estimated that approximately 1 in 10,000 to 1 in 50,000 people suffer from hereditary angioedema in the United States. It usually begins appearing in teenagers and young adults and can be permanent if not treated. The increasing cases of angioedema diseases have raised the demand for effective treatment such as C1 esterase inhibitors and bradykinin receptor antagonists drugs. Also, growing awareness regarding various types of angioedema including hereditary, acquired, and idiopathic and their treatment options available in the market is further assisting the market growth.
Segment Analysis
The global angioedema treatment market is dominated by drug therapy segment. This is due to the high prevalence of angioedema conditions which can be treated using drugs. Within drug therapy, H1-antihistamines sub-segment holds the largest share as they are the first line of treatment for mild to moderate symptoms of angioedema. Corticosteroids sub-segment also has a significant share as they are used as adjuvant therapy along with H1-antihistamines for better management of symptoms.
Key Takeaways
The global angioedema treatment market is expected to witness high growth over the forecast period. North America currently dominates the market owing to increased awareness about the condition and availability of advanced treatment options in the region. However, Asia Pacific is expected to grow at the fastest pace due to rising healthcare expenditure, increasing patient population and presence of genericdrug manufacturers.
Regional analysis
North America is expected to maintain its leading position in the market during the forecast period. This is attributed to rising prevalence of hereditary angioedema in the US. However, Asia Pacific is projected to witness the highest growth rate owing to growing geriatric population, improving healthcare infrastructure and increasing focus of key players in emerging countries.
Key players
Key players operating in the angioedema treatment market are Bayer AG, Zoetis Inc., Boehringer Ingelheim GmbH, Merck & Co., Inc., Virbac S.A., Ceva Santé Animale, Elanco Animal Health, Bimeda, Aurobindo Pharma Limited, and Teva Pharmaceutical Industries Ltd.
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