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Dystonia Drug Market 2020-2026 Innovative Trends, Industry Share, Growth, Size, Clinical Review

12-11-2020 04:49 PM CET | Health & Medicine

Press release from: Data Bridge Market Research Pvt. Ltd.

Dystonia Drug Market

Dystonia Drug Market

A transparent research method has been accomplished with the right tools and techniques to make this Dystonia Drug Market research report world-class. Two of the most widely used techniques namely SWOT analysis and Porter’s Five Forces Analysis have been used while generating this report. Competitive analysis conducted in this report puts light on the moves of the key players in the Healthcare industry such as new product launches, expansions, agreements, joint ventures, partnerships & recent acquisitions. Dystonia Drug Market research report adoption plays an essential role for the business growth as it supports with the better decision making, enhancing revenue generation, prioritizing market goals and results in profitable business.

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Global dystonia drug market is expected to grow at a substantial CAGR in the forecast period of 2019-2026. The emergence of drugs used in the treatment of neurological and metabolic disorders, development of newer technologies and vulnerable dystonia disease patients are the key factors enhancing the market growth.

Few of the major competitors currently working in the dystonia drug market are Pfizer Inc, Novartis AG, Sanofi, Merck & Co, Aspen Holdings, China Shineway Pharmaceutical Group Limited, Boston Scientific Corporation, Ipsen Pharma, Revance Therapeutics, Inc, Merz Pharma, US WorldMeds, LLC, Medytox, Allergan, Taro Pharmaceutical Industries Ltd, Mentor Worldwide LLC, Eisai Co., Ltd and few among others.

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Report Highlights:

Shifting Industry dynamics
In-depth Dystonia Drug Market segmentation
Historical, current and projected industry size Recent industry trends
Key Competition landscape
Strategies for key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance

Market Definition: Global Dystonia Drug Market

Dystonia is neurological movement disorder characterized by involuntary uncontrollable muscle contraction that results in slow repetitive movements or irregular postures. The irregular contraction causes muscles to twist involuntarily and affect different parts of the body. The person with dystonia may experience dragging leg, cramps in the foot, involuntary pulling of muscles of neck, uncontrollable blinking and difficulties in speech.

According to The Dystonia Society 2016, it was estimated over 70,000 patients were diagnosed dystonia in the United Kingdom. Growing number of incidence cases, accelerating demand of novel therapies and uses of drugs used in treatment of metabolic disorders are the key drivers for market growth.

Key Developments in the Dystonia Drug Market

In November 2017, Revance Therapeutics, Inc has received Orphan Drug designation from the US FDA for DaxibotulinumtoxinA for Injection (RT002) for the treatment of cervical dystonia. If approved, it will be the potential commercial milestone for Revance Therapeutics, Inc.
In March 2017, Ipsen Pharma received approval in Canada from the Health Canada for Dysport therapeutic (abobotulinumtoxina) for the treatment of cervical dystonia as well as for adult upper limb spasticity. This approval makes new treatment option available to patients with cervical dystonia in need throughout the Canada

Dystonia Drug Market Drivers

Increase in prevalence rate of dystonia disorders worldwide
Rising awareness about dystonia therapy and technological advancement is driving the growth of market
Increase in the rate of R&D initiatives is driving dystonia therapeutics market

Dystonia Drug Market Restraints

Effective treatment is either unavailable or unaffordable
Patent expiry from many companies and introduction of generic drugs of branded version is expected to restrain the growth if the market
Inadequate knowledge about dystonia in some developing countries

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