The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s 5-alpha reductase deficiency market report forecasts the 5-alpha reductase deficiency market size to grow to $1.73 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The 5-Alpha Reductase Deficiency Market Report 2023 – https://www.thebusinessresearchcompany.com/report/5-alpha-reductase-deficiency-global-market-report

5-Alpha Reductase Deficiency Market Size Forecast
The global 5-alpha reductase deficiency market is expected to grow from $1.20 billion in 2022 to $1.29 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global 5-alpha reductase deficiency market size is expected to grow to $1.73 billion in 2027 at a CAGR of 7.7%.

North America held the largest 5-alpha reductase deficiency market share.

Key 5-Alpha Reductase Deficiency Market Driver ­– Growth In Number Of Research And Development Activities
For example, according to the World Health Organization’s (WHO) ‘Accelerating Access to Genomics for Global Health’ report published in July 2022, the percentage of nations equipped to conduct genomic surveillance increased from 54% to 68% between March 2021 and January 2022. As a result, the increased number of genomics research and development activities will drive the 5-alpha reductase deficiency market.

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Key 5-Alpha Reductase Deficiency Market Trend – Developing Innovative Genetic Testing For Diagnosing Rare Diseases
Major players in the 5-alpha reductase deficiency market are working on creating novel genetic tests that can diagnose rare disorders like 5-alpha reductase deficiency more efficiently and at an earlier stage. Such inventions enable market leaders to obtain a competitive advantage. For example, Avesthagen Limited, a US-based integrated systems biology platform firm, will debut its new genetic testing product in June 2022. The portfolio’s genome panels provide highly specialised, disease-centric analyses for uncommon genetic illnesses.

5-Alpha Reductase Deficiency Market Segment
1) By Diagnosis: Chromosome Analysis, Gene Sequencing, Hormone Tests, Imaging Tests, Genetic Screening, Other Diagnosis
2) By Treatment: Surgery, Vaginoplasty, Feminizing Genitoplasty, Hormone Replacement Therapy, Other Treatments
3) By End-Users: Hospitals, Specialty Clinics, Other End-Users

5-Alpha Reductase Deficiency Market Major Players and Strategies
Major players in the 5-alpha reductase deficiency market are Merck & Co. Inc., F. Hoffmann-La Roche Ltd., Sanofi SA, Pfizer Inc., GlaxoSmithKline Plc., Novartis AG, Bayer AG, Eli Lilly and Company, Alma Lasers, Viveve Solution, Fotona, Almirall SA, and Hologic Inc.

Stratos Genomics was acquired by F. Hoffmann-La Roche AG, a Swiss healthcare business, for an undisclosed sum in May 2020. Roche developed DNA-based sequencing for diagnostic purposes as a result of this acquisition. Stratos Genomics is a genomic sequencing firm established in the United States.

The 5-Alpha Reductase Deficiency Global Market Report 2023 covers regional data on 5-alpha reductase deficiency market size, 5-alpha reductase deficiency market trends and drivers, opportunities, strategies, and 5-alpha reductase deficiency market competitor analysis. The countries covered in the 5-alpha reductase deficiency market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The condition 5-alpha reductase insufficiency affects male sexual development both before and throughout puberty. People with 5-alpha reductase insufficiency do not make enough dihydrotestosterone, a critical hormone for male sexual maturation.

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