Chronic Inflammatory Demyelinating Polyradiculoneuropathy Market Demand and Growth Analysis with Forecast up to 2030

Chronic inflammatory demyelinating polyradiculoneuropathy (CIDP) is a rare type of autoimmune disease, in which the body's immune system attacks the myelin sheaths

Myelin sheaths are the fatty coverings on the fibers that insulate and protect the nerves. Symptoms of chronic inflammatory demyelinating polyradiculoneuropathy (CIDP) ranges from loss of reflexes, loss of balance, loss of ability to work, loss of feelings in arms & legs to gradual weakening of arms & legs and tingling in arms and legs.

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Chronic inflammatory demyelinating polyradiculoneuropathy can occur at any age and in both genders. However, the frequency of incidence is higher in men than in women.

The rate of recovery of a patient depends on the early diagnosis of the disease. Most CIDP patients respond well to the treatment if it is provided at the early stage of onset of the disorder so that the damage to the peripheral nerves can be controlled, which contributes to the improved function and better quality of life for the patient.

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Key Drivers and Restraints of Global Chronic Inflammatory Demyelinating

Polyradiculoneuropathy Market
Rise in prevalence of chronic inflammatory demyelinating polyradiculoneuropathy coupled with improving diagnosis rate is the key driver of the global chronic inflammatory demyelinating polyradiculoneuropathy market

According to the American Association of Neuromuscular & Electrodiagnostic Medicine, around 30,000 patients in the U.S. are affected by chronic inflammatory demyelinating polyradiculoneuropathy at any one time
Increase in R&D activities and budget associated with the plasma-derived medicines also fuels the growth of the global chronic inflammatory demyelinating polyradiculoneuropathy market

Extensive research and development activities with pipeline drugs drives the global chronic inflammatory demyelinating polyradiculoneuropathy market

Moreover, rise in awareness among the population about CIPD and increase in government support through awareness programs and drug approvals are the other factors boosting the growth of the global chronic inflammatory demyelinating polyradiculoneuropathy market

However, availability of limited treatment options hampers the growth of the global chronic inflammatory demyelinating polyradiculoneuropathy market

High cost of treatment and adverse events associated with pharmacotherapy also restrain the global chronic inflammatory demyelinating polyradiculoneuropathy market

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Treatment Segment Dominated Global Chronic Inflammatory Demyelinating Polyradiculoneuropathy Market

In terms of type, the global chronic inflammatory demyelinating polyradiculoneuropathy market can be bifurcated into diagnosis and treatment
The treatment segment accounted for major market share in 2019 due to new product approvals, pipeline products, and better efficacy to treat the disorder. The segment can be split into corticosteroids, intravenous immunoglobulin, plasmapheresis, and others.

The diagnosis segment can be segregated into nerve conduction, spinal fluid analysis, EMG, and others

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Specialty Clinics Segment to Witness Significant Growth

In terms of end-user, the global chronic inflammatory demyelinating polyradiculoneuropathy market can be divided into hospitals, specialty clinics, and others
The hospitals segment dominated the global market in 2019 due to higher patient admissions in hospitals for diagnosis & treatment and availability of diagnostic & treatment products
Specialty clinics is likely to be a promising segment during the forecast period owing to patient preference for specialized treatment and well-equipped staff at these settings for better diagnosis & treatment

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