Congenital Diaphragmatic Hernia Drugs Global Market Report 2024, Size, Share And Growth

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 Drivers and Trends:
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.

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.

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Major Key Players of the Market:
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.

Congenital Diaphragmatic Hernia Drugs Market 2024 Key Insights:
• The Congenital Diaphragmatic Hernia Drugs Market is expected to grow to$5.84 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.
• Elevated Birth Defect Rates Fuel Growth In The Congenital Diaphragmatic Hernia Drug Market
• Innovative Coating Technology Revolutionizes Congenital Diaphragmatic Hernia Treatment
• North America was the largest region in the congenital diaphragmatic hernia drugs market in 2023.

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