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The Global Congenital Hyperinsulinism Treatment Market Growth Accelerated By Rising Prevalence Of Congenital Hyperinsulinism

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Mia Yates
The Global Congenital Hyperinsulinism Treatment Market Growth Accelerated By Rising Prevalence Of Congenital Hyperinsulinism

Congenital hyperinsulinism is a rare genetic condition characterized by excessive insulin secretion from the pancreas, leading to recurrent episodes of low blood sugar (hypoglycemia). The key treatment options available in the market are diazoxide, somatostatin analogs, Partial Pancreatectomy.

The global Congenital Hyperinsulinism Treatment Market is estimated to be valued at US$ 217.74 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Increased research activities to introduce novel molecules in the treatment of congenital hyperinsulinism is anticipated to boost the market growth over the forecast period. For instance, in December 2017, researchers from the University of Iowa introduced a novel molecule gendarussaflavonoid to inhibit hyperinsulinism and insulin production in patients suffering from congenital hyperinsulinism. The molecule acts directly on pancreatic beta cells and reduces their insulin secretion without the need for pancreatectomy. Rising prevalence of congenital hyperinsulinism disorder globally coupled with lack of definitive cure is fueling the research activities to develop effective novel treatment therapies for congenital hyperinsulinism, thereby propelling the market growth.


Segment Analysis

The global congenital hyperinsulinism treatment market is dominated by the medication sub-segment. This is owing to the ease of administering oral medications as a first line of treatment for non-severe cases of congenital hyperinsulinism. The medications help lower blood sugar levels by stopping extra insulin production from the pancreas. For cases where medications do not help, surgical therapies involving partial pancreatectomy are adopted. Procedural/surgical treatments are gaining traction due to advancements in minimally invasive procedures.

Key Takeaways

The Global Congenital Hyperinsulinism Treatment Market Size is expected to witness high growth in the forecast period. The global Congenital Hyperinsulinism Treatment Market is estimated to be valued at US$ 217.74 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030.

Regional analysis

North America holds the largest share in the congenital hyperinsulinism treatment market due to higher diagnosis rates and favorable reimbursement policies. Growing adoption of innovative therapies and rising research funding for pediatric diseases are driving market growth. Europe holds the second position driven by rising initiatives for orphan drug development. The Asia Pacific region is expected to witness highest growth over the forecast period with improving healthcare infrastructure and increasing healthcare spending.

Key players

Key players operating in the congenital hyperinsulinism treatment market are Medtronic, Ace-medical, VOGT MEDICAL, BD (Becton, Dickinson and Company), Smiths Medical, Inc., Samtronic., CODAN ARGUS AG, B. Braun SE, Medical Components, Inc., Fresenius SE & Co. KGaA, Baxter, EuroLife Healthcare Pvt. Ltd, and Micrel Medical Devices. The market is consolidated in nature with few dedicated players offering comprehensive treatment solutions.

For More Insights, Read: https://www.newswirestats.com/congenital-hyperinsulinism-treatment-market-trends-growth-and-regional-outlook-2023-2030/

Related Reports: https://allmeaninginhindi.com/guardians-of-code-fortifying-your-application-against-digital-intruders/


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