Press release
Albinism Drug Market 2019 Global Analysis: CENTOGENE AG, HumanOptics AG, AVITA Medical, LABORATOIRES GENEVRIER, AbbVie Inc
Albinism Drug Market
Global Albinism Drug Market By Type (Oculocutaneous Albinism, X-Linked Ocular Albinism, Hermansky-Pudlak Syndrome and Chediak-Higashi Syndrome), Treatment Type (Surgery, Eye Care and Others), Distribution Channel (Online Pharmacy, Direct Tenders, Retailers and Others) End- Users (Hospitals, Homecare, Specialty Clinics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026
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Market Analysis:
Global albinism drug market is rising gradually with a steady CAGR in the forecast period of 2019-2026. High demand of disease specific novel therapies and prevalence of family history with albinism are the key players for rise in market growth. Few of the major competitors currently working in the global albinism drug market are CENTOGENE AG, HumanOptics AG, AVITA Medical, LABORATOIRES GENEVRIER, AbbVie Inc, Johnson & Johnson Services, Inc., CELGENE CORPORATION, GlaxoSmithKline plc, Allergan, Bayer AG and others.
Market Definition: Gloal Albinism Drug Market
Albinism is an ultra-rare inherited genetic disorder characterized by reduced or no melanin pigments in the eyes, skin and hair. Melanin plays a critical role in the development of certain optical nerves. It occurs in all racial and ethnic groups worldwide. It is important for individual who have albinism to protect their skin and eyes from the sun
According to the stats published in Healthline Media by National Organization for Albinism and Hypopigmentation, it is estimated up to 1 in every 18,000 to 20, 000 people living with albinism in the United States. Accelerate the demand of novel therapies and increases in special designation from the regulatory authorities are the key drivers for market growth.
Market Drivers
• Rising awareness about treatment and technological advancement is driving the growth of market
• Increase special designation from the regulatory authorities for therapeutics for the treatment of albinism also acts as a market driver
• Introduction of certain toxin which interrupt the histological features of melanin can boost the market growth
• High specific treatment need for albinism is driving the growth of this market
Market Restraints
• Less availability of effective treatment due to low prevalence of albinism disease worldwide can be a factor restraining the market growth
• Stringent regulatory review process imposed by the regulatory bodies hampers the market growth
• Scientific and major technical challenges for production of disease specific novel therapies can also restrict the market growth
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Segmentation: Global Albinism Drug Market
By Type
• Oculocutaneous Albinism
• X-Linked Ocular Albinism
• Hermansky-Pudlak Syndrome
• Chediak-Higashi Syndrome
By Treatment Type
• Surgery
• Eye Care
• Others
By Distribution Channel
• Online Pharmacy
• Direct Tenders
• Retailers
• Others
By End Users
• Hospitals
• Homecare
• Specialty Clinics
• Others
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Key Developments in the Market:
• In June 2018, HumanOptics AG received Breakthrough Device designation from the FDA for CustomFlex artificial iris, a prosthetic device to replace the missing or damaged iris for the treatment of congenital aniridia also for iris defects resulting from other conditions such as albinism, trauma or surgical removal. This designation provides the company an additional device development support for any other indication
• In May 2018, HumanOptics AG received the FDA approval for CustomFlex artificial iris, a prosthetic device to replace the missing or damaged iris for the treatment of congenital aniridia also for iris defects resulting from other conditions such as albinism, trauma or surgical removal. The FDA approval of CustomFlex artificial iris provides a novel based treatment for iris defects as well as improves the cosmetic appearance of the eyes in patients with aniridia throughout the United States
Competitive Analysis:
Global albinism drug market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global Albinism Drug market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
• Current and future of global albinism drug market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
View Detailed TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-albinism-drug-market
Contact:
Data Bridge Market Research
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UK: +44 208 089 1725
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Email: Corporatesales@databridgemarketresearch.com
About Data Bridge Market Research
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