Global Prion Disease Treatment Market 2020 Future Outlook and by Top key Companies Analysis || Elite Pharmaceuticals Inc, Ionis Pharmaceuticals, Inc, Sawai Pharmaceutical Co., Ltd, Teva Pharmaceutical Industries Ltd, Mylan N.V., Novartis AG

Global prion disease treatment market is rising gradually with a substantial CAGR in the forecast period of 2019-2026. Government policies and initiatives to offer a fund to many research institute and pharmaceuticals companies for developing novel therapy and high demand of novel treatment worldwide are the key factors for market growth. Few of the major competitors currently working in the global prion disease treatment market are Elite Pharmaceuticals Inc, Ionis Pharmaceuticals, Inc, Sawai Pharmaceutical Co., Ltd, Teva Pharmaceutical Industries Ltd, Mylan N.V., Novartis AG, Fresenius SE & Co. KGaA, Lannett, Aurobindo Pharma and others

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Global Prion Disease Treatment Market By Types (Creutzfeldt-Jakob Disease (CJD), Variant Creutzfeldt-Jakob Disease (CJD), Variably Protease-Sensitive Prionopathy, Gerstmann-Str?ussler-Scheinker Disease and Others), Drug (Antidepressant, Antipsychotic Agents and Others), Route of Administration(Oral and Injectable),? 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

Key Developments in the Market:

In August 2019, National Institute of Allergy and Infectious Diseases a part of National Institute of Health Services with the pharmaceutical partner Ionis Pharmaceuticals, Inc is developing novel therapies for the treatment of prion disease. Ionis Pharmaceuticals specifically developed ASO1 and ASO2, antisense oligonucleotides which inhibit the formation of specific protein. This collaboration gives us further confidence to advancing the treatment of neurological disease. The collaboration of Ionis Pharmaceuticals, Inc expands the company's rare disease portfolio and provides major opportunity to continue its rapid growth.

In May 2019, Ionis Pharmaceuticals, Inc, presented a positive clinical data of nusinersen, inotersen and others important reseach projects for neurological disease including Huntington's disease, ALS, prion disease and others. Seeing the potential promising results of their upcoming novel transformational antisense medicines will help the patients with neurological diseases throughout the world.

Competitive Analysis:

Global prion disease treatment 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 prion disease treatment market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Definition:

Prion disease is also known transmissible spongiform encephalopathy is characterized by rare progressive neurodegenerative disorders of brain. Spongiform encephalopathy is a disease where the brain tissue degenerates and healthy tissues gets replaced by clusters of tiny liquids filled, thin-walled cavities called cysts making the brain looks like sponge. The underlying cause of spongiform encephalopathy is the accumulation of misfolded proteins called prions that are found abundantly in the brain. These abnormal prions protein leads to the brain damage. It is usually progressive in nature and always fatal.

According to the statistics published in the CPOE.org, it was estimated up to December 231 cases were reported mad cow disease worldwide. Growing cases of eating infected meats and patients receiving infections from contaminated medical equipment are the key factors for market growth.

Market Drivers

Family history of prion disease is drive the market growth
Government initiatives and support for the development of orphan drugs and allowing exclusive incentives of these drugs intervention is enhancing the market growth
Rise in cases of eating infected meats and infections receiving from contaminated medical equipment is accelerating the market growth
High specific treatment need for prion disease is boosting the market growth

Market Restraints

The disease specific treatment is less available due to low prevalence of prion disease
Scientific and major technical challenges for production of disease specific novel therapies
Lack of expertise and inadequate knowledge about prion disease in some developing countries

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Segmentation:?Global Prion Disease Treatment Market

By Types

Creutzfeldt-Jakob Disease (CJD)
Variant Creutzfeldt-Jakob Disease (CJD)
Variably Protease-Sensitive Prionopathy
Gerstmann-Str?ussler-Scheinker Disease
Others

By Drugs

Antidepressant
Trimipramine
Antipsychotic Agents
Fluphenazine
Others

By Route of Administration

Oral
Injectable

?By End users

Hospitals
Homecare
Specialty Clinics
Others

Reasons to Purchase this Report

Current and future of global prion disease treatment 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

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This release was published on openPR.