The global Klinefelter syndrome treatment market is expected to expand at a 5.1% CAGR by 2023. Market Research Future, in their latest analysis, studied the Klinefelter syndrome treatment market over the forecast period of 2018-2023.
Market Overview
Klinefelter syndrome refers to a rare form of the genetic condition where the male child is born with an additional X chromosome. Klinefelter syndrome generally affects males and can adversely affect testicular growth and can result in smaller testicles. Klinefelter syndrome leads to lower production of testosterone. Klinefelter syndrome may lead to a reduction in the muscle mass, reduced facial and body hair, and enlarged breast tissue.
Owing to these unidentifiable symptoms, the syndrome is hard to diagnose, as per the researchers of national human research institutes. This factor creates a high need for proper diagnosis and treatment methods, leading exponential growth to the global Klinefelter syndrome treatment market. Further, awareness activities undertaken by NIH and FDA towards this syndrome has propelled the market growth for the treatment of Klinefelter syndrome.
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Leading Key Players Analysis
Some of the notable vendors functioning in the Klinefelter syndrome treatment market include,
- Pfizer Inc.
- Allergan plc
- AbbVie Inc.
- Endo Pharmaceuticals Inc.
- Kyowa Kirin International plc
- Eli Lilly and Company
- Mylan N.V.
- Lupin Pharmaceuticals
Market Segments Analysis
The global Klinefelter syndrome treatment market is studied for different treatment methods and the end-users of such treatments. Breast tissue removal, fertility treatment, and testosterone replacement therapy are some of the treatments undertaken to tackle the Klinefelter syndrome. Different treatments given under fertility treatment include hormone treatments and surgeries.
End-users of such Klinefelter syndrome treatment options are ambulatory surgeries, hospitals and clinics, academic institutes, and medical research institutes.
Regional Analysis
The global Klinefelter syndrome treatment market report includes an in-depth analysis of regional segments. The regional segments studied include North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. North America is projected to dictate the global Klinefelter syndrome treatment market. This can be attributed to the market players investing in the development of new drug product innovations.
Europe is expected to trail behind North America and garner the second-largest share in the global Klinefelter syndrome treatment market. This can be attributed to the mounting prevalence of geriatric population in Europe. Mounting prevalence of the Klinefelter syndrome is another factor causative of the growth in the Klinefelter syndrome treatment market of Europe. Rising research activities for this syndrome in Europe has proliferated growth rates in the regional market during the assessment period. According to the report by Europe PMC, the prevalence of Klinefelter syndrome in males, in 2017, with breast cancer was found to be around 7.5% which was much higher than the previously recorded 3% rate.
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Asia Pacific’s Klinefelter syndrome treatment market is expected to ascend at the fastest rate during the forecast period. This a be attributed to the changing lifestyles of people residing in the region. Further proliferation observed in the population of the region is another factor responsible for the fast-paced growth of the Klinefelter syndrome treatment market over the assessment period. Mounting awareness among the general public regarding this disorder and burgeoning healthcare expenditure in the region are some of the other factors contributing to the upscaling noted in the APAC’s Klinefelter syndrome treatment market.
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