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Usher Syndrome Type 2 Treatment Market Outlook and Forecast Report By ProQR Therapeutics, Editas Medicine, Nobelpharma Co., Ltd, Sensorion, Advanced Bionics AG
Usher Syndrome Type 2 Treatment Market
Global Usher Syndrome Type 2 Treatment Market By Treatment (Cochlear Implant, Hearing Aids, Vitamin A) Route of Administration (Oral, Implantation), Diagnosis (Genetic Testing, Videonystagmography and Others), End- Users (Hospitals, Homecare, Specialty Clinics and Others), Distribution Channel (Hospital Pharmacies, Retail Pharmacies and Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
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Global Usher Syndrome Type 2 Treatment Market report is one of the most significant, unique, and creditable market research reports formed by focusing on specific business prerequisites. A team of industry experts, brilliant researchers, innovative forecasters and knowledgeable analysts work with full devotion to provide clients with the qualitative market research. Even the unambiguous research studies are performed keenly to present an excellent market research report for a specific niche. Breakdown and estimations of important industry trends, market drivers, market restraints, market size, market share and sales volume have been explained very well in the Usher Syndrome Type 2 Treatment Market research report.
Global Usher Syndrome Type 2 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 Usher syndrome such as goiter and high demand of disease specific novel therapies are the key factors that fueling the market growth.
Few of the major competitors currently working in the global Usher syndrome type 2 treatment market are ProQR Therapeutics, Editas Medicine, Nobelpharma Co., Ltd, Sensorion, Advanced Bionics AG, MED-EL Medical Electronics, Cochlear Ltd, Sonova, GAES, Demant A/S, Nurotron Biotechnology Co. Ltd, GN Store Nord A/S, Amplifon, Audina Hearing Instruments, Inc, Elkon Pvt. Ltd, Rion Co. , Ltd, Starkey and others.
Market Definition:
Usher syndrome is formally known as Hallgren syndrome is a rare inherited genetic disorder caused by mutations in either of the gene called MYO7A gene, CDH23 gene, USH2A gene or CLRN1 gene. It is characterized by bilateral sensorineural hearing loss, progressive vision loss (known as retinitis pigmentosa) and in some cases vestibular dysfunction. Basically, these genes are important for the normal function and development of specialized cells called hair cells, which help to transmit sound and signals from the inner ear to the brain and maintenance of light-sensing cells in the retina.
According to the article published in the U.S. Department of Health and Human Services, an estimated prevalence of Usher syndrome is approximately 4-17 per 100,000 people and accounts for 50 percent of all hereditary deaf-blindness cases. Advancement in audiology aids and presence of refined healthcare infrastructure are the key factors that fueling the market growth
Market Drivers
Special designation from the regulatory authorities to make approval faster is driving the growth of the market
Advancement in cochlear implantation and hearing kits can improve the hearing is enhancing the market growth
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
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 hamper the market growth
Unaffordability and inaccessibility of cochlear implant to many underserve population can act as a restricting factor in the growth of this market
Table of Contents:
Introduction
Market Segmentation
Market Overview
Executive Summary
Premium Insights
Global, By Component
Product Type
Delivery
Industry Type
Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
Company Landscape
Company Profiles
Related Reports
Download Detailed TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-usher-syndrome-type-2-treatment-market
Segmentation:
By Treatment
Cochlear Implant
Hearing Aids
Vitamin A
By Route of Administration
Oral
Implantation
By Diagnosis
Genetic Testing
Videonystagmography
Others
By End Users
Hospitals
Homecare
Specialty Clinics
Others
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Others
By Geography
North America
South America
Europe
Asia-Pacific
Middle East & Africa
Key Developments in the Market:
In January 2019, ProQR Therapeutics received Fast Track designation from the FDA for QR-421a, RNA-based oligonucleotide for the treatment of Usher syndrome type 2. QR-421a has also received an Orphan Drug designation in the United States and the European Union. With Fast Track designation for QR-421a accelerates the review timelines and enhances interactions with the FDA, which can bring this potentially disease-modifying drug for patients with Usher syndrome as quickly as possible.
In July 2019, Sensorion received the Investigational New Drug (IND) approval from the FDA to proceed with arazasetron besylate (formally known as SENS-401) for the treatment of sudden sensorineural hearing loss. This drug is also received an Orphan Drug designation in the Europe. With this IND approval, company can initial trials on human subject and if trial successful, SENS-401 could be a safe and effective treatment options for underserved patient population.
Competitive Analysis:
Global Usher syndrome type 2 treatment markets 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 Usher syndrome type 2 treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
Current and future of global Usher syndrome type 2 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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About Data Bridge Market Research
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