May 20, 2024

Rise in Awareness Initiatives Undertaken by Various Associations to Drive Growth of Ornithine Transcarbamylase (OTC) Deficiency Treatment Market

Ornithine transcarbamylase (OTC) deficiency is an inherited genetic disorder caused by mutations in the OTC gene. It results in a deficiency of the enzymatic activity of ornithine transcarbamylase, which is crucial in the urea cycle for removing ammonia produced from protein breakdown. The main clinical manifestations of OTC deficiency are hyperammonemia and neurological symptoms. Current treatment options include dietary protein restriction, sodium benzoate and sodium phenylbutyrate, which help to eliminate excess nitrogen in the form of waste products other than urea. Emerging gene therapies are also showing promise for potentially providing a cure. The increasing adoption of these treatment regimens globally is expected to fuel market growth over the forecast period.

The global Ornithine Transcarbamylase (OTC) Deficiency Treatment Market is estimated to be valued at US$ 1,116.1 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:
One of the major trends driving the OTC deficiency treatment market is rising awareness about the condition through various patient support organizations and associations. For instance, Urea Cycle Disorders Consortium (UCDC) and Ornithine Transcarbamylase Deficiency (OTCD) Foundation are leading advocacy groups which actively run campaigns to spread awareness about clinical symptoms as well as available treatment and management options. This has resulted in improved diagnosis rates globally. Furthermore, ongoing research efforts to develop novel therapies such as gene therapies are also expected to bring more permanent treatment options to market in the coming years. Several pharmaceutical companies are actively conducting clinical trials for gene therapy candidates which once approved, could transform OTC deficiency treatment landscape. An increased focus on early diagnosis and intervention through newborn screening programs is another key trend expected to support market revenues.

Porter’s Analysis
Threat of new entrants: The threat of new entrants is low as developing an OTC deficiency drug requires huge capital investments and lengthy research and development period. Moreover, the patents of major drugs make it difficult for new players to enter the market.
Bargaining power of buyers: The bargaining power of buyers is moderate as there exist many established industry players targeting OTC deficiency. However, life-threatening nature of the condition gives buyers less bargaining power.
Bargaining power of suppliers: The major suppliers for OTC deficiency drugs are research institutes and pharmaceutical companies involved in drug discovery and development. Their bargaining power is moderate owing to the availability of alternative suppliers in the market.
Threat of new substitutes: Currently, there exists no substitute for OTC deficiency drugs. Development of new substitutes remains a challenge given the complexity of treating genetic disorders.
Competitive rivalry: The competitive rivalry in the OTC deficiency treatment market is high among the key players owing to their extensive R&D efforts and large product pipelines.

Key Takeaways
The global OTC Deficiency Treatment market is expected to witness high growth, exhibiting CAGR of 6.2% over the forecast period, due to increasing prevalence of urea cycle disorders and availability of advanced treatment therapies. By 2030, the market size is projected to reach US$ 2,029.5 Mn.

Regional analysis
North America dominated the global market and accounted for over 40% of the global revenue share in 2023 owing to the rising incidence of urea cycle disorders, developed healthcare infrastructure, and availability of reimbursement. However, Asia Pacific is estimated to witness the fastest growth during the forecast period driven by the large patient pool, generic drugs availability, and improving healthcare developments in emerging countries.

Key players
Key players operating in the OTC Deficiency Treatment market are Merck & Co., Inc., Novartis AG, Pfizer Inc., Sanofi, GSK plc., GC Biopharma, Bayer AG, Bharat Biotech, Serum Institute of India Pvt. Ltd., Sartorius AG, Johnson & Johnson Services, Inc., and Bio Farma. Major players are focused on product approvals, collaborations, and partnerships to strengthen their market position.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it