Market Challenges And Opportunities

Global Carglumic Acid Market Drivers

Increasing research and development is expected to drive the global carglumic acid market growth. For instance, in April 2017, Dipharma S.A, a Swiss pharmaceutical company, developed fast dissolving formulation of carglumic acid tablets. These tablets are stable at room temperature and are used for the treatment and management of rare, life threatening inborn metabolic disorders affecting the urea cycle.

Furthermore, increasing approvals is expected to boost the global carglumic acid market value. For instance, in September 2015, Orphan Europe announced that carbaglu (carglumic acid) is approved by the Health Canada, as an adjunctive therapy for the treatment and improvement of acute hyperammonemia or as maintenance therapy for chronic hyperammonemia.

Global Carglumic Acid Market Restraints

High cost of carglumic acid tablet is expected to hamper the global carglumic acid market growth. For instance, in April 2017, according to P&T Community report, Carbaglu (containing Carglumic acid) is an expensive prescription medicine in the world. This drug costs around US$ 1042.12 for 5 tablets.

Furthermore, side effects associated with carglumic acid is expected to the hinder the global carglumic acid market growth. For instance, in May 2018, according to Drugs@FDA, carglumic acid can cause serious side effects such as ear infection, anemia, somnolence, pneumonia, influenza, hyperhidrosis, asthenia, anorexia.