The Medication Assisted Treatment Market is expected to grow on a robust note going forward. With technology spreading its wings throughout, the healthcare vertical is likely to witness an influx of tech-savvy patients, which would call for clinical mobility. With smartphones penetrating all over at an alarming rate, the healthcare vertical would be seeing a blurring of lines as far as geographies are concerned. This trend would contribute towards a centralized healthcare system shortly.
Fatty acid oxidation disorder leads to the body being unable to produce energy from fatty acids in the liver and muscles. People with fatty acid oxidation disorder can function normally with dietary adjustments and medications. According to the National Institutes of Health (NIH), the incidence of fatty acid oxidation disorder is 1 in 5,000-10,000 births globally.
Increased focus on determining coronavirus cure among leading biopharmaceutical companies lead to delay in research and development activities of fatty acid oxidation disorder market. There has been observed supply chain disruption due to restrictions laid on trading across borders by various countries.
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The significant decline in hospital visits and treatment-seeking rates will have a temporary impact on fatty acid oxidation disorder market. Covid-19 has led to lockdown in several countries delaying manufacturing activities of fatty acid oxidation disorder market.
For instance, in July 2020, Ultragenyx Pharmaceutical Inc., a market player in drug development for rare disorders announced U.S. Food and Drug Administration (FDA) approval of triheptanoin, a new drug used in the treatment of fatty acid oxidation disorder.
Advancement in technology and research and development activities is expected to fuel fatty acid oxidation disorder market growth. Lack of awareness about therapeutic options available for rare disorders is expected to hinder fatty acid oxidation disorder market growth. The stringent regulatory requirement for drug approval is a challenging factor for fatty acid oxidation disorder market growth.
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Fatty Acid Oxidation Disorder Market: Segmentation
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Based on the route of administration |
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Based on the distribution channel |
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Hospital pharmacies contribute the largest share among the distribution channel in fatty acid oxidation disorder market. Online pharmacies will observe a significant rise in demand with increased market penetration in fatty acid oxidation disorder market.
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