Unlocking Opportunities in the Evkeeza Market: Key Growth Trends and Forecast Insights
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What is the Growth Potential of the Evkeeza Market, and How Will It Perform by 2034?
In recent times, the size of the evkeeza market has experienced an XX (CAGR). Forecasts suggest that its growth will progress from $XX million in 2024 to $XX million in 2025, representing a Compound Annual Growth Rate (CAGR) of XX%. The significant expansion during the historical phase can be linked to the implementation of supportive directives and policies, accelerated breakthroughs in genomics and bespoke medicine, an increasingly mature population, positive governmental initiatives, and the rise of circumstances such as birth defects.
In the coming years, the evkeeza market size is projected to experience a XX (CAGR) increase. This growth is predicted to lead the market to reach a worth of $XX million by 2029, with a compound annual growth rate (CAGR) of XX%. The forecast period’s growth could be due to rising cases of hypercholesterolemia, increasing incidence of rare diseases around the world, amplified burden of neurologically rare diseases, and escalating healthcare spending. The future trends likely to shape the market include the creation of unique medications, the emergence of personalized medicine, telehealth and remote patient monitoring, growing patient support program initiatives, and regulatory authorization.
What Market Dynamics Are Playing a Key Role in Accelerating the Growth of the Evkeeza Market?
Projected future growth of the evkeeza market is expected to be propelled by the increasing prevalence of genetic disorders. The origin of these disorders can be traced to irregularities in a person’s DNA, often a result of multiple gene mutations or abnormalities in the structure or number of chromosomes. The escalating number of genetic disorders can be attributed to advancements in diagnostic technologies and a surge in environment-induced genetic conditions. Evkeeza acts as a solution to homozygous familial hypercholesterolemia (HoFH), a form of genetic disorder, by suppressing ANGPTL3 to decrease LDL cholesterol levels in patients suffering from this condition. For example, the American Society of Hematology, a non-profit organization based in the US, projected in June 2024 that the global count of individuals with sickle cell disease (SCD) would witness a growth of approximately 30 percent by 2050. Therefore, the rising incidence of genetic disorders is catalyzing the growth of the evkeeza market.
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Who Are the Major Companies Shaping the Competitive Landscape of the Evkeeza Market?
Major companies operating in the evkeeza market include Regeneron Pharmaceuticals Inc.
What Are the Key Emerging Trends in the Evkeeza Market for the Next Decade?
A prevailing trend observed in the evkeeza market is the pursuit of regulatory authorizations for medications, aiming to broaden their scope and cement their status in homozygous familial hypercholesterolemia (HoFH) patient treatment. Regulatory authorizations signify official permission given by governmental or oversight entities for a drug, medical equipment, or treatment to be sold and utilized by the general public. For example, Regeneron Pharmaceuticals Inc., a biotechnology firm based in the United States, got FDA approval for Evkeeza (evinacumab-dgnb) in March 2023. This medicine is for young children between 5 and 11 years old who have HoFH, a rare genetic condition that leads to exceedingly high LDL cholesterol levels. This is the first time an ANGPTL3 inhibitor has been approved for use in this age group, providing a novel treatment alternative for approximately 1,300 affected persons in the U.S. Clinical trials demonstrated that children receiving evkeeza in combination with other lipid-lowering therapies witnessed an average decrease of 48% in LDL-C levels after 24 weeks.
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What Are the Core Categories and Segments in the Evkeeza Market Driving Demand and Growth?
The evkeeza market covered in this report is segmented –
1) By Indication: Primary Hypercholesterolemia, Homozygous Familial Hypercholesterolemia
2) By Route Of Administration: Intravenous (IV) Infusion, Self-Administration, Subcutaneous (SC) Administration, Hospital Infusion Centers, Infusion In Ambulatory Care Settings
3) By Distribution Channel: Hospital Pharmacies, Specialty Pharmacies, Online Pharmacies
Which Regions Are Making a Mark in the Evkeeza Market Growth?
North America was the largest region in the evkeeza market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the evkeeza market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
How Is the Evkeeza Market Categorized and Defined in the Industry?
Evkeeza (evinacumab) is a monoclonal antibody used to treat homozygous familial hypercholesterolemia (HoFH), a rare genetic disorder causing high cholesterol levels. It works by inhibiting angiopoietin-like 3 (ANGPTL3), helping lower LDL cholesterol and other lipid levels in affected patients.
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