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North America will Remain at the Forefront, Accounting for more than 37% Share of the Global Carglumic Acid Market Value

carglumic-acid-market-incremental-opportunity-assessment-by-region-2021-2031

Orally disintegrating tablet sales have dominated accounting for around 45% of the total carglumic acid drug market share

ROCKVILLE, MARYLAND, UNITED STATES, January 20, 2022 /EINPresswire.com/ -- According to the latest study done by Fact.MR, the global carglumic acid market is projected to be valued at around US$ 132 Mn in 2021, which accounts for around 0.6% of total orphan drugs revenue share, with the market slated to expand at a compound Y-o-Y growth of 7.5% over the decade.

Attributed to the usage of carglumic acid as a lifesaving therapeutic drug, it is poised to showcase substantial growth over the period of 2021-2031 as therapeutic drug demand keeps rising. Further, rising use-case of carglumic acid as an orphan drug is poised to uphold its market value at US$ 300 Mn by 2031, thus gaining 200 BPS in its market share of orphan drug sales.

The latest industry analysis and survey on Carglumic Acid provides sales outlook in 20+ countries, across key categories. Insights and outlook on Carglumic Acid market drivers, trends, and influencing factors are also included in the study.

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Key Segments Covered in Carglumic Acid Industry Survey

By Dosage

Dispersible Tablets
Orally Disintegrating Tablets
Others

By Distribution Channel

Hospital Pharmacies
Retail Pharmacies
e-Commerce

Key Takeaways from Market Study

Orally disintegrating tablets are projected to provide the highest absolute $ opportunity worth US$ 54 Mn during the forecast period.
Based on sales channel, drug sales through hospital pharmacies are projected to increase at a high single-digit CAGR over the next ten years.
In East Asia, consumption of carglumic acid is anticipated to expand 1.5X by 2031.
North America is projected to capture around 37% of global carglumic market share by 2031.
Europe to hold around 28% market share by 2031.

The latest market research report analyzes Carglumic Acid Market demand by Different segments. Providing business leaders with insights On Carglumic Acid And how they can increase their market share.

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This report gives you access to decisive data such as:

Demand of Carglumic Acid Market & Growth drivers
Factors limiting Carglumic Acid market growth
Current key trends of Carglumic Acid Market
Market Size of Carglumic Acid and Carglumic Acid Sales projections for the coming years

The report also offers key trends of Carglumic Acid market and an in-depth analysis of how the projected growth factors will shape the Carglumic Acid market dynamics in the coming years of the forecast period.

Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Carglumic Acid Market that are developing the current market scenario and which will be lucrative for the future demand of Carglumic Acid Market.

Crucial insights in Carglumic Acid market research report:

Underlying macro- and microeconomic factors impacting the Sales of Carglumic Acid market.
Basic overview of the Carglumic Acid, including market definition, classification, and applications.
Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend and supply side analysis of Carglumic Acid across various industries.
Important regions and countries offering lucrative opportunities to market stakeholders.

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List of the Leading Companies Profiled in the Carglumic Acid Market are:

To provide decision-makers with credible insights on their competitive landscape, the Carglumic Acid Market industry research report includes detailed competitive landscape analysis.

The competitive landscape analysis for Carglumic Acid Market includes detailed profiles of Tier 1, Tier 2, and Tier 3 players. The respective market share of Carglumic Acid manufacturers is provided so business leaders can understand the market scenario.

An assessment on the winning strategies of key Carglumic Acid Market manufacturers is provided, with recommendation on what works well in Carglumic Acid Market landscape.

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How is Demand for Carglumic Acid Shaping Up in Established and Evolving Markets?

Brazil: In Brazil, hepatic encephalopathy is well-recognized among clinical complications associated with chronic liver diseases. Nearly 30% of patients suffering from cirrhosis face mortality in hepatic coma, with a majority of these being affected with hyperammonemic portal systemic encephalopathy (PSE).

Healthcare practitioners in the country are therefore focusing on the adoption of carglumic acid for managing recurrent hyperammonemia in patients with abernethy malformation. Also, Brazil tops the list in healthcare spending among Latin American countries. Thus Brazil is poised to provide a high absolute $ opportunity worth US$ 5.6 Mn through 2031.

Which Dosage of Carglumic Acid is Highly Demanded?

Orally disintegrating carglumic acid is projected to be high in demand while dominating revenue share in the market. Holding around 50% of carglumic acid revenue share by 2031, this dosage segment is projected to create an absolute $ opportunity US$ 54 Mn, increasing at a CAGR of around 6.2%.

Moreover, high demand for orally disintegrating tablets can be attributed to their ability to disintegrate in the saliva within a short period of time, which is advantageous for those experiencing difficulty in swallowing.

Browse More Reports by Fact.MR : -https://www.globenewswire.com/en/news-release/2018/03/16/1441373/0/en/Demand-of-Fumaric-Acid-in-Animal-Feed-Application-to-Soar-at-a-Higher-Pace-During-the-Forecast-Period.html

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