Global Idiopathic Intracranial Hypertension Therapeutics Market Size By Type (Acetazolamide, Furosemide), By Application (Hospital Pharmacies, Retail Pharmacies), By Region, And Segment Forecasts, 202...
Report Id: 23028 | Published Date: Nov 2024 | No. of Pages: | Base Year for Estimate: Nov 2024 | Format:
The Global Idiopathic Intracranial
Hypertension (IIH) Therapeutics Market was valued at USD 720 million in 2023
and is projected to surpass USD 1.5 billion by 2031, growing at a CAGR of 9.6%
during the forecast period from 2023 to 2031. The increasing prevalence of
idiopathic intracranial hypertension (IIH), growing awareness of the disease,
and advancements in therapeutic approaches are the primary drivers of market
growth. IIH, characterized by increased pressure around the brain without a
detectable cause, poses significant risks of vision loss and other neurological
complications if left untreated, driving demand for effective therapeutics.
Drivers:
Increasing Incidence of IIH: The growing
prevalence of obesity, which is a known risk factor for IIH, is contributing to
a rise in cases, subsequently driving demand for effective therapeutic
solutions.
Advancements in Treatment Options:
Innovations in pharmacological treatments and surgical interventions are
significantly improving patient outcomes and providing new growth opportunities
for the market.
Rising Awareness and Diagnosis: Increased
awareness of IIH among healthcare providers and patients is resulting in higher
diagnosis rates, contributing to market growth.
Restraints:
High Costs of Treatment: The high cost
associated with surgical procedures and long-term drug therapy can limit market
adoption, particularly in regions with limited healthcare coverage.
Lack of Standardized Treatment: The lack of
universally accepted treatment protocols for IIH may limit the effectiveness of
existing therapies, posing a challenge to market growth.
Opportunity:
Development of Novel Therapeutics: Ongoing
research and development in the field of IIH therapeutics, including novel
pharmacological agents and minimally invasive surgical options, present
significant growth opportunities.
Expanding Healthcare Infrastructure in
Emerging Markets: As healthcare infrastructure improves in emerging markets,
access to diagnosis and treatment for IIH is expected to increase, creating new
opportunities for market players.
Market
by System Type Insights:
Pharmacological Treatment: This segment
accounted for the largest market share in 2023, driven by the widespread use of
diuretics and corticosteroids as first-line treatment options.
Surgical Treatment: This segment is
expected to witness significant growth during the forecast period, with
procedures like cerebrospinal fluid (CSF) shunting and optic nerve sheath
fenestration becoming more common as therapeutic strategies.
Market by End-Use Insights:
Hospitals: Hospitals held the largest
revenue share in 2023 due to their role as the primary centers for both
diagnosis and treatment of IIH.
Specialty Clinics: This segment is expected
to see the highest growth rate, with a focus on specialized treatments for IIH,
including cutting-edge surgical interventions.
Market
by Regional Insights:
North America: Dominated the global market
in 2023, driven by high diagnosis rates, advanced healthcare infrastructure,
and access to innovative therapeutic options.
Asia-Pacific: Expected to register the
highest growth during the forecast period due to rising awareness of IIH,
increasing healthcare expenditure, and a growing population at risk for
IIH-related conditions.
Competitive
Scenario:
Key players operating in the global
idiopathic intracranial hypertension therapeutics market include Johnson &
Johnson, Pfizer Inc., Novartis AG, AbbVie Inc., Teva Pharmaceutical Industries
Ltd., and Bausch Health Companies Inc. These companies are focusing on product
innovation, strategic partnerships, and clinical trials to enhance their market
positions. Notable developments include:
In 2023, Pfizer launched a clinical trial
for a novel IIH drug aimed at reducing cerebrospinal fluid production.
Johnson & Johnson expanded its
neurology portfolio by acquiring a startup specializing in minimally invasive
shunt technologies for IIH treatment.
Scope
of Work – Global Idiopathic Intracranial Hypertension Therapeutics Market
Report
Metric |
Details |
Market Size (2023) |
USD 720 million |
Projected Market Size (2031) |
USD 1.5 billion |
CAGR (2023-2031) |
9.6% |
Key Segments by System Type |
Pharmacological Treatment, Surgical
Treatment |
Key Segments by End-Use |
Hospitals, Specialty Clinics |
Leading Region |
North America |
Key Players |
Johnson & Johnson, Pfizer Inc.,
Novartis AG, AbbVie Inc., Teva Pharmaceutical Industries Ltd., Bausch Health
Companies Inc. |
Key
Market Developments:
2023: Pfizer began a clinical trial for a
new pharmacological treatment targeting cerebrospinal fluid overproduction in
IIH patients.
2024: Johnson & Johnson acquired a
neurology startup specializing in innovative shunt systems to improve outcomes
for IIH patients undergoing surgical treatments.
2025: AbbVie launched an initiative focused
on developing minimally invasive solutions for IIH surgery, enhancing patient
recovery times and reducing complications.
FAQs:
What is the current market size of the
Global Idiopathic Intracranial Hypertension Therapeutics Market?
The market size was valued at USD 720
million in 2023.
What is the major growth driver of the
Global Idiopathic Intracranial Hypertension Therapeutics Market?
The major driver is the increasing
incidence of IIH, largely attributed to rising obesity rates, and advancements
in treatment options.
Which is the largest region during the
forecast period in the Global Idiopathic Intracranial Hypertension Therapeutics
Market?
North America is expected to remain the
largest region due to advanced healthcare infrastructure and high diagnosis
rates.
Which segment accounted for the largest
market share in Global Idiopathic Intracranial Hypertension Therapeutics
Market?
The pharmacological treatment segment
accounted for the largest market share in 2023.
Who are the key market players in the
Global Idiopathic Intracranial Hypertension Therapeutics Market?
Key players include Johnson & Johnson,
Pfizer Inc., Novartis AG, AbbVie Inc., Teva Pharmaceutical Industries Ltd., and
Bausch Health Companies Inc.
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