Press release
Pendred Syndrome (PS) Market 2023 Global Analysis by Treatment, Route of Administration, Diagnosis, End- Users, Region and Key Players are Nobel pharma Co.,Ltd, Sensorion, Advanced Bionics AG, Sonova
"Pendred Syndrome Market"
The global Pendred Syndrome (PS) market size was estimated at USD 2.82 billion in 2023 and is projected to reach USD 3.83 billion in 2030 at a CAGR of 4.5% during the forecast period 2023-2030.
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Pendred syndrome, often abbreviated to PS, is a rare genetic disorder characterized by a combination of sensorineural hearing loss and thyroid dysfunction. It is named after British physician Vaughan Pendred, who first described the syndrome in the early 20th century. Pendred syndrome is caused by mutations in the SLC26A4 gene, also known as the pendrin gene. This gene codes for a protein called pendrin, which plays a critical role in the transport of ions (charged particles) through the cell membranes of the cochlea and thyroid gland.
The COVID-19 pandemic potentially disrupted the Pendred Syndrome (PS) market by delaying diagnoses, access to treatment and research. Healthcare disruptions, supply chain challenges and changing priorities may have hindered patient care and research. Telehealth adoption has increased, but may not completely replace the need for in-person care. The wider financial impact of the pandemic may also have affected funding for research and patient support networks, affecting progress in understanding and treating Pendred syndrome.
The prominent players in the Pendred Syndrome (PS) Market are
Advanced Bionics AG
Amplifon
Audina Hearing Instruments, Inc.
Cochlear Ltd
Demant A/S
ElkonPvt Ltd
GAES
GN Store Nord A/S
MED-EL Medical Electronics
Nobel pharma Co.,Ltd
Nurotron Biotechnology Co. Ltd
Rion Co. Ltd
Sensorion
Sonova
Starkey
Pendred Syndrome (PS) Market Recent Developments:
Biotechnology Companies: Biotechnology companies may focus on advancing gene therapy approaches for Pendred Syndrome. This includes research into gene editing technologies, viral vectors, and delivery mechanisms to correct or replace the faulty SLC26A4 gene in affected individuals.
Research Institutions and Academia: Academic institutions and research organizations play a significant role in studying rare genetic disorders like Pendred Syndrome. Their contributions may include conducting studies to understand the underlying mechanisms of the disease, exploring potential therapeutic targets, and collaborating with industry partners to translate research findings into clinical applications.
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Scope of the Report:
The Pendred Syndrome (PS) Market is segmented into various segments such as treatment, route of administration, diagnosis, end users and region:
Based on Treatment, the Pendred Syndrome (PS) Market is segmented into:
Cochlear Implant
Hearing Aids
Radioactive Iodine
Based on the Administration, the Pendred Syndrome (PS) Market is segmented into:
Oral
Implantation
Based on the Diagnosis, the Pendred Syndrome (PS) Market is segmented into:
Genetic Testing
Perchlorate Washout Test
Others
Based on End Users, the Pendred Syndrome (PS) Market is segmented into:
Hospitals
Homecare
Specialty Clinics
Otolaryngologist
Others
Based on Region, the Pendred Syndrome (PS) Market is segmented into:
Asia Pacific
Japan
China
India
Australia
South Korea
Vietnam
New Zealand
Philippines
Thailand
Malaysia
Hong Kong
Taiwan
Singapore
Indonesia
Sri Lanka
Rest of Asia-Pacific
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Sweden
Austria
Finland
Belgium
Turkey
Russia
Poland
Hungary
Czech Republic
Switzerland
Netherlands
Rest of Europe
South America
Brazil
Argentina
Chile
Colombia
Rest of South America
Middle East & Africa
South Africa
U.A.E.
Saudi Arabia
Oman
Qatar
Iran
Egypt
Rest of Middle East and Africa
Pendred Syndrome (PS) Market Regional Analysis:
North America to Dominate the Market
North America is estimated to account for the largest market share during the forecast period due to rising healthcare costs, increased R & D, and trending technological advancements.
Moreover, Moreover, growing focus of major key players on further R&D will further propel the market's growth rate in this region.
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