Tay-Sachs Disease Treatment Market Shows Strong Growth by 2026| Recursion Pharmaceuticals, Inc, IntraBio Inc, Johnson & Johnson Services, Inc, Axovant Sciences, Inc

This Global Tay-Sachs Disease Treatment Market research report has a complete overview of the market, covering various aspects such as product definition, segmentation based on various parameters, and the prevailing vendor landscape. Tay-Sachs Disease Treatment Market report lends a hand to stay up-to-date about the entire market and also puts forward a holistic view of the market. With this market report, insights and realities of the Pharmaceutical industry can be focused which helps keep the business on the right track. A thorough analysis has been performed in this document to know the potential of the market in the present and the future prospects from various angles. The Tay-Sachs Disease Treatment Market report contains remarkable market data, present market trends, product consumption, environment, technological innovation, future prospects, upcoming technologies and the technical progress in the related industry.

Global Tay-sachs disease Treatment Market is expected to grow at a substantial CAGR in the forecast period of 2019-2026. Emgerence of drugs used to treat risk associated with Tay-Sachs disease such as seizure and high demand of disease specific novel therapies are the key factors that fueling the market growth

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Global Tay-Sachs Disease Treatment Market By Type (Infantile Tay - Sachs Disease, Juvenile Tay-Sachs Disease, Late-Onset Tay-Sachs Disease), Treatment (Medication, Respiratory Care, Physical Therapy), Drugs (Anticonvulsants, Antipsychotic Medications and Others), Route of Administration (Oral, Injectable), End- Users (Hospitals, Homecare, Specialty Clinics, Neurologists and Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026

Few of the major competitors currently working in the Global Tay-sachs disease Treatment Market are Recursion Pharmaceuticals, Inc, IntraBio Inc, Johnson & Johnson Services, Inc, Axovant Sciences, Inc., Pfizer, Inc, Eli Lilly and Company, Bristol-Myers Squibb Company, AstraZeneca, Novartis AG, and others.

Market Definition:

Tay-Sachs disease is also known as Hexosaminidase A deficiency is a rare inherited neurodegenerative disease caused by absence of enzyme called hexosaminidase A which results in accumulation of G2 gangliosides. These materials build up in the brain and affect the function of the nerve cells and cause other neurological problem.

According to the statistics published in the Orphanet, an estimated prevalence population of Tay-Sachs is 1 in every 320, 000 live births. High demand of novel treatment and huge investment on research and development are drivers for market growth.

Market Drivers

Family history of Tay-Sachs disease is driving the growth of the market

Huge financial support to the researchers for developing novel intervention is boosting the market growth

High demand of disease specific novel treatment can also act as a market driver

Emergence of drugs used to treat complication associated with Tay-Sachs disease is enhancing the market growth

Market Restraints

Limited operating revenue opportunities for research and development of targeted therapies by many pharmaceuticals is acting as a challenging factor for the growth of this market

Low healthcare budget in some developing countries is hampering the market growth

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Segmentation: Global Tay-Sachs Disease Treatment Market

By Type

Infantile Tay - Sachs Disease
Juvenile Tay-Sachs Disease
Late-Onset Tay-Sachs Disease

By Treatment

Medication
Respiratory care
Physical Therapy

By Drugs

Anticonvulsants
Antipsychotic Medications
Others

By Route of Administration

Oral
Injectable

By End Users

Hospitals
Homecare
Specialty Clinics
Neurologists
Others

By Geography

North America
South America
Europe
Asia-Pacific
Middle East & Africa

Key Developments in the Market:

In March 2019, Axovant Sciences, Inc, reported clinical data for AXO-AAV-GM2, a gene therapy for the treatment of Tay-Sachs disease. The trial demonstrated well-tolerated with no serious adverse events evaluated in the 30-month-old patient with advanced infantile Tay-Sachs disease. This clinical trial results leverages the expertise in the treatment of GM2 Gangliosidosis including Tay-sachs disease.

In February 2019, IntraBio Inc. filed Investigational New Drug (IND) application to the FDA for IB1001-202 for the treatment of Tay-Sachs and Sandhoff Disease. The IND approval represents significant milestones for both the patients in need.

Competitive Analysis:

Global Tay-sachs 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 Tay-sachs disease Treatment Market market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report

Current and future of global Tay-sachs 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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