Metabolism is a process through which food is broken-down into sugars and acids in the body. Metabolic disorders disturb and lead to excess or scarcity of essential substances that help individuals to stay healthy. These disorders are either inherited or acquired during the lifetime of a person. Phenylketonuria is an example of inherited metabolic disorder, in which the body is unable to breakdown the amino acid phenylalanine. Other prominent metabolic disorders include type 1 diabetes, Gaucher’s disease, maple syrup urine disease, cystinosis, Fabry disease, Hartnup disease, Hunter syndrome, Hurler syndrome, Von Gierke disease, and hereditary hemochromatosis. Metabolic disorders are treated by normalizing the metabolic balance by reversing the cause of the disorder and administering medication to continue the proper metabolic function.
Multimodal treatment is used to treat metabolic disorders that include mineral supplements, vitamin supplements, bone marrow supplements, physical therapy, specific surgical interventions, and medications for reducing the symptoms of metabolic disorders.
The global metabolic disorders market is expected to grow substantially due to introduction of patient support programs for the treatment of various metabolic disorders. The key players in the market are providing co-pay assistance to patients who need medications for diabetes, obesity, hypercholesterolemia, and lysosomal storage disease. Moreover, many organizations such as the National Gaucher Foundation, the National Organization for Rare Disorders, and the National Gaucher Foundation of Canada, are involved in providing financial support to patients to continue with the therapy for metabolic diseases. Assistance programs by drug suppliers, encourage patients to buy branded therapeutics, which is expected to contribute to the growth of the market over the coming years.
The metabolic disorders market is segmented based on types of diseases and region. In terms of types of diseases, the market can be segmented into diabetes, obesity, hypercholesterolemia, and lysosomal storage diseases. The diabetes segment, is expected to register high growth during the forecast period. Increasing prevalence of diabetes and a huge patient base are factors propelling the growth of this segment. According to the International Diabetes Federation, in 2016, nearly 422 million people worldwide were living with diabetes. It is predicted that by 2040 more than 10% of the world’s adult population, which is around 642 million people will have diabetes.
Geographically, the global metabolic disorders market is segmented into North America, Europe, Asia Pacific and the rest of the world (RoW). North America is expected to dominate the market during the forecast period due to the availability of advanced technologies and higher penetration of diabetes care services across the region. The U.S. was a major regional contributor, owing to the high prevalence of diabetes in the geriatric population. According to the American Diabetes Association, over 25% of the diabetic patients in the U.S. are aged 65 years and above. Following North America, Asia Pacific is expected to be the most prominent market for metabolic disorder over the forecast period. Healthcare reforms across the region and rising diabetic population especially in India is anticipated to boost the growth in the Asia Pacific market.
The key players operating in the metabolic disorders market include Novo Nordisk A/S, Sanofi, Merck, AstraZeneca, Eli Lilly and Company, GlaxoSmithKline plc, Pfizer, Inc., Biocon, and F. Hoffmann-La Roche. Companies engage in strategic collaborations, partnerships agreements, and develop new product and services to gain a competitive edge in the market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.