PHENYLALANINE MARKET ANALYSIS

Regional Analysis

Phenylalanine Market – Regional Analysis

Geographically, the global phenylalanine market is segmented into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa. Increasing incidence of cancer and rising number of trauma cases worldwide is propelling demand for pain management associated with it. North America phenylalanine market is expected to witness significant growth during the forecast period. As per statistics published by Centers for Disease Control and Prevention (CDC), in 2014, trauma accounts for 41 million visits to the emergency ward each year in the U.S.

Furthermore, developed economies such as the U.S., U.K. and Germany experience high rate of adoption due to better healthcare facilities and easy availability of depression medication in these countries. According to the American academy of pain medicine, every year, over 100 million people suffer from chronic pain, 25.8 million from diabetes, 16.3 million from coronary heart disease, and 11.9 million from cancer in the U.S. This number is expected to further increase in the near future.

Increasing research and development initiatives by various government and non-governmental organizations such as National Institutes of Health (NIH) Brain Research through Advancing Innovative Neurotechnologies (BRAIN), which aims to better understand the human brain and harness the same for various therapeutic applications, including effective pain management, is expected to create a conducive environment for market growth in these region.