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Congenital Diaphragmatic Hernia Drugs Market Report 2024: Strategies And Recent Developments | Pfizer Inc., Johnson and Johnson Limited, Merck and Co. Inc., AbbVie Inc., Novartis AG
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Congenital Diaphragmatic Hernia Drugs Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The congenital diaphragmatic hernia drugs market size has grown strongly in recent years. It will grow from $4.04 billion in 2023 to $4.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to high incidence of congenital diaphragmatic hernia cases, increasing awareness of congenital diaphragmatic hernia, government initiatives.
The congenital diaphragmatic hernia drugs market size is expected to see strong growth in the next few years. It will grow to $5.84 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to growing healthcare expenditure, rare disease incentives, growing patient advocacy groups, regenerative medicine, targeted therapies. Major trends in the forecast period include advancements in medical research, advancements in drug development, advances in fetal surgery, pharmacological lung growth, increasing use of personalized medicine, development of new and innovative drug delivery systems, digital health technologies.
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Market Segmentation:
The main types of congenital diaphragmatic hernia drugs are posterolateral bochdalek hernia, anterior morgagni hernia and hiatal hernia. Posterolateral bochdalek hernia is a type of congenital diaphragmatic hernia, where an opening or defect in the back part of the diaphragm allows abdominal organs to move into the chest cavity. The various types of treatment include extracorporeal membrane oxygenation and others through various diagnoses such as prenatal and postnatal. These are used by various end-users such as hospitals, homecare, specialty clinics and others.
Congenital Diaphragmatic Hernia Drugs Global Market Report 2023 provides data on the global congenital diaphragmatic hernia drugs market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The congenital diaphragmatic hernia drugs market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Elevated Birth Defect Rates Fuel Growth In The Congenital Diaphragmatic Hernia Drug Market
The rising birth defects rate is expected to propel the growth of the congenital diaphragmatic hernia drug market. Birth defects refer to structural or functional abnormalities present at birth that can affect the baby's overall health and development. The treatment for congenital diaphragmatic hernia provides prenatal screening, genetic counseling and targeted therapies that lower the occurrence of birth defects due to congenital diaphragmatic hernia and improve the potential for early intervention and personalized care, enhancing the overall well-being and quality of life of affected individuals. For instance, in March 2023, according to the World Health Organization (WHO), a US-based intergovernmental organization, annually, approximately 8 million infants are born with birth defects, with low- and middle-income nations accounting for 9 out of 10 significant problems. Further, an estimated 240,000 newborns die worldwide within 28 days of birth each year due to congenital disorders. Therefore, the rising birth defect rate drives the congenital diaphragmatic hernia drug market.
Competitive Landscape:
Major players in the congenital diaphragmatic hernia drugs market are Pfizer Inc., Johnson and Johnson Limited, Merck and Co. Inc., AbbVie Inc., Novartis AG, GlaxoSmithKline PLC, Medtronic PLC, Amgen Inc., Becton, Dickinson and Company, Viatris Inc., B. Braun SE, Sun Pharmaceutical Industries Ltd., C.R. Bard Inc., W. L. Gore & Associates, Chiesi Farmaceutici S.p.A., Getinge AB, Ferring Pharmaceuticals, Mallinckrodt Pharmaceuticals, Integra LifeSciences Corporation, Genentech Inc., LifeCell International Private Limited, Cook Biotech Inc., Cousin Biotech SAS, Dipro Medical Devices S.R.L., Aspide Medical.
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Top Trend - Innovative Coating Technology Revolutionizes Congenital Diaphragmatic Hernia Treatment
Major companies operating in the congenital diaphragmatic hernia (CDH) market are introducing advancements in treatment procedures with coating technology to sustain their position in the market. Coating technology for drug-embedded synthetic hernia mesh involves the application of a specialized layer or coating onto the surface of a synthetic mesh used for hernia repair. For instance, in April 2022, Ariste Medical, a US-based pre-commercial drug and device company, received U.S. Food and Drug Administration (FDA) clearance to market its drug-embedded synthetic hernia mesh, which aims to reduce the risk of microbial colonization during surgical implantation. The mesh combines the benefits of polypropylene mesh with a biocompatible coating that allows antibiotic residence to mitigate bacterial colonization. This coating technology can be used for implantable and non-implantable devices and has shown potential in materials like polyurethane and ePTFE. Ariste Medical's coating technology could also be applied to ePTFE surgical implants, such as hernia repair surgeries.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Congenital Diaphragmatic Hernia Drugs Market Characteristics
3. Congenital Diaphragmatic Hernia Drugs Market Trends And Strategies
4. Congenital Diaphragmatic Hernia Drugs Market - Macro Economic Scenario
5. Congenital Diaphragmatic Hernia Drugs Market Size And Growth
…..
27. Congenital Diaphragmatic Hernia Drugs Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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