Covid-19 impact on - Plexiform Neurofibromas Treatment Market 2020 Industry Research, Share, Trend, Industry Size, Price, Future Analysis, Regional Outlook to 2026 Research Report | DBMR Updates

The Plexiform Neurofibromas Treatment Market analysis report enumerates information about the key companies based on their market position in the present scenario along with data related to the market sales gathered by the manufacturers along with the industry share. This advertising document also offers information about company's profit margin and price models. Crucial data related to the market share acquired by the product segments have been included in this report. The market study of this Plexiform Neurofibromas Treatment Market document includes insights related to sales collected by the products and the revenue earned in the estimated time period.

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Global plexiform neurofibromas treatment market is growing at a steady CAGR in the forecast period of 2019-2026. Increasing research and development expenses and high demand of novel therapies are some factors fueling the market growth.

Few of the major competitors currently working in the Global Plexiform Neurofibromas Treatment Market are AstraZeneca, Merck & Co., Inc, Array BioPharma, BioXcel Corporation, SpringWorks Therapeutics, Recursion Pharmaceuticals, Inc, Novartis AG, Celldex Therapeutics, Pfizer Inc, and others.

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Market Definition: Global Plexiform Neurofibromas Treatment Market

Plexiform neurofibromas are inherited genetic disorders which account of 30% neurofibromatosis. It is caused by inherited mutation in the NF1 gene resulting in arises of neurofibromas from multiple nerves and skin. The symptoms associated with this disease are soft lumps on and under the skin. It can causes clinical issues such as motor function impairment, airway dysfunction, learning difficulties and increases a person's risk of developing other cancers.

According to the statistics published in the National Organization for Rare Disorders, Inc, it is estimated 1 in every 2,500 to 3,000 birth affected by neurofibromatosis. Prevalence of cases of neuron injuries and high demand of novel therapies are some factors fueling the market growth.

Plexiform Neurofibromas Treatment Market Drivers

Increase special designation from the regulatory authorities is boosting the market growth
Emergence of drugs used to treat complication associated with neurofibromatosis is accelerating the market growth
Huge financial support to the researchers for developing novel intervention is enhancing the market growth
Family history of neurofibromatosis is propelling the market growth

Segmentation: Global Plexiform Neurofibromas Treatment Market

Plexiform Neurofibromas Treatment Market : By Therapy Type

Chemotherapy
Radiation Therapy
Others

Plexiform Neurofibromas Treatment Market : By Treatment

Medication
Surgery
Pain Management
Others

Plexiform Neurofibromas Treatment Market : By Route of Administration

Oral
Injectable

Plexiform Neurofibromas Treatment Market : By End Users

Hospitals
Homecare
Specialty Clinics
Others

Plexiform Neurofibromas Treatment Market : By Geography

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

Key Developments in the Plexiform Neurofibromas Treatment Market :

In July 2019, SpringWorks Therapeutics has received an Orphan Drug designation from the European Commission for mirdametinib (formerly PD-0325901), an oral dual inhibitor of MEK1 and MEK2 for the treatment of neurofibromatosis type 1 in patients who are potential to develop plexiform neurofibromas. With this designation enables the company to receive certain benefits and incentives along with 10 years period of market exclusivity upon approval, reduced regulatory fees and protocol assistance.

In April 2019, AstraZeneca in collaboration with Merck & Co., Inc received Breakthrough Therapy Designation from the FDA for Selumetinib, a MEK 1/2 inhibitor for the treatment of neurofibromatosis type 1 plexiform neurofibromas. The Breakthrough Therapy designation enables the company to receive expedited regulatory review and bring the drugs to patients as quickly as possible.

Plexiform Neurofibromas Treatment Market Restraints :

Limited availability of disease specific treatment options due to low prevalence of neurofibromatosis is restraining the market growth
Lack of trained personnel and stringent safety regulations is hampering the market growth
Failure of clinical trial during the development stage can also act as restraints the market growth

The Plexiform Neurofibromas Treatment Market report describes a comprehensive insight into the application scope of the market. In addition, the report comprises details relevant to the market share obtained by various segments. Information about the revenue gathered from the segments along with the projected sales for the project duration is stated in the document. Essential insights about the vital parameters such as the competition trends and market focusing rate is included in the report. The Plexiform Neurofibromas Treatment Market analysis report describes details about the marketing channels accepted by the manufacturers for their products in tandem with the information regarding the traders, distributors, and dealers competing in the market.

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