Press release
Myotonic Muscular Dystrophy Market: Industry Size, Share, Growth, Forecasts 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Myotonic Muscular Dystrophy" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Myotonic muscular dystrophy (DMD) is a genetic disorder characterized by muscle degeneration and weakness. It is a common form of muscular dystrophy that generally begins in adulthood. Myotonic dystrophy can be categorized into myotonic dystrophy type 1 (DM1) and myotonic dystrophy type 2 (DM2). Myotonic dystrophy type 1 (DM1) is result of an abnormal DNA expansion in the DMPK gene on chromosome 19. Myotonic dystrophy type 2 (DM2) is caused by an abnormal expansion of DNA in the ZNF9 gene on chromosome 3. Myotonic dystrophy (DM) 1 is sub divided into congenital-onset DM1, juvenile-onset DM1, and adult-onset DM1. Common symptoms of myotonic dystrophy include stiffness and tightness of muscles, progressive muscle wasting, and muscle weakness in lower legs, neck, hands, and face. Abnormalities in parts of brain, cataracts, heart difficulties, insulin resistance, and limb and hand muscle weakness are also symptoms of myotonic dystrophy. Cognitive disabilities in congenital myotonic dystrophy, outgrowing congenital myotonic dystrophy, speech, hearing, and vision difficulties, and weak muscles are the common symptoms of congenital myotonic dystrophy1. Neuromuscular health care professionals diagnosed myotonic dystrophy with the help of sign and symptoms of people. Doctors also used electromyogram or EMG for electrical testing of muscles and nerves. DNA test is recommended by the health care specialists to confirm suspects of DM1 or DM2.
Increase in research and development, introduction of novel disease therapies, rise in demand for effective therapies among patients, and upsurge in prevalence of the disease are projected to fuel the growth of the global myotonic dystrophy market during the forecast period. According to the Centers for Disease Control and Prevention, in 2016, prevalence of myotonic muscular dystrophy was 1 in every 8000 people. Rise in prevalence of chronic diseases such as cardiovascular, neurovascular, and arthritis and increase in health care insurance coverage are the other factors estimated to accelerate the growth of the global myotonic muscular dystrophy market during the forecast period. According to the World Health Organization, cardiovascular diseases accounted for 17.7 million deaths in 2015, representing 31% of the global deaths.
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The global myotonic muscular dystrophy market can be segmented based on medical treatment, end-user, and region. In terms of medical treatment, the myotonic muscular dystrophy market can be categorized into medications, rehabilitative therapies, devices, and surgeries. Based on end-user, the myotonic muscular dystrophy market can be classified into hospitals, specialty clinics, and ambulatory surgery centers. In term of revenue, the hospitals segment dominate the myotonic muscular dystrophy market in 2016.
Geographically, the global myotonic muscular dystrophy market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the leading market for myotonic muscular dystrophy globally. In terms of revenue, the U.S. accounts for a major share of the myotonic muscular dystrophy market in North America. The myotonic muscular dystrophy market in Europe is expanding rapidly due to high prevalence of the disease in the region. The myotonic muscular dystrophy market in Asia Pacific and Latin America is projected to expand significantly in the near future. Developing economies such as China and India are anticipated to contribute to the growth of the myotonic muscular dystrophy market in Asia Pacific between 2017 and 2025 due to developed health care infrastructure, economic growth, increase in the number of insurance payers, growth of the private health care sector, and rise in disease awareness among the people in the region. Brazil and Mexico dominate the myotonic muscular dystrophy market in Latin America in terms of treatment of the disease. In Middle East & Africa, South Africa, Turkey, and other developing countries contribute to the growth of the myotonic muscular dystrophy market in the region.
Key players operating in the myotonic muscular dystrophy market are Pfizer, Inc., Eli Lilly and Company, Mylan Pharmaceuticals Inc., Wockhardt Ltd., Teva Pharmaceutical Industries Ltd., Novartis AG, BioMarin Pharmaceutical, Inc., Asklepios Kliniken GmbH, Hoveround Corporation, and Siemens Healthcare.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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