Latest Research On Aromatherapy Market (2020-2023) | MRFR

The Aromatherapy Market is expected to exhibit a solid 6.18% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global aromatherapy market is expected to reach USD 4.3 billion by 2023, according to the MRFR report. The global aromatherapy market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the aromatherapy market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the aromatherapy market’s growth trajectory over the forecast period are provided in the report. The leading players in the global aromatherapy market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global aromatherapy market. The major drivers and restraints affecting the global aromatherapy market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.

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Aromatherapy comprises the use of aromatic oils and other aromatic compounds for enhancing the psychological and physical well-being of the patient. It is a traditional form of medicine and is still widely practiced around the world for various complaints such as sleeplessness and stress. The growing prevalence of lifestyle conditions such as insomnia and stress is likely to be a major driver for the global aromatherapy market over the forecast period. Essential oils used in aromatherapy are also effective in curing the common cold and other breathing disorders. This is also likely to be a major driver for the global aromatherapy market due to the growing prevalence of breathing disorders due to the growing prevalence of pollution around the world.

On the other hand, the lack of universal guidelines for aromatherapy is likely to be a key restraint on the global aromatherapy market. Some products used in aromatherapy may have adverse effects if used in excess. For example, cineole essential oil is poisonous in excess and can cause various disorders such as nausea, vomiting, muscular weakness, and rapid heartbeat, among others. Aromatherapy also suffers from the lack of medical evidence to back up its use. This is also a key restraint against the global aromatherapy market.

Competitive Leaderboard:

Leading players in the global aromatherapy market include Neal’s Yard Remedies, NOW Foods, doTERRA, Zija International, Young Living, Tree of Life, Muji, Air Aroma, and Nu Skin.

Segmentation:

The global aromatherapy market is segmented on the basis of essential oil, equipment, application, therapeutic application, and region.

By essential oil, the global aromatherapy market is segmented into floral, citrus, green/vegetative, herbaceous/camphoraceous, spicy, and others.

By equipment, the global aromatherapy market is segmented into nebulizer diffuser, ultrasonic diffuser, and heat diffuser.

By application, the global aromatherapy market is segmented into topical, inhalation, and aerial diffusion.

By therapeutic application, the global aromatherapy market is segmented into relaxation and sleep, pain management, skin and hair care, and others. The skin and hair care segment dominates the global aromatherapy market and is likely to remain the leading revenue generator over the forecast period.

Regional Analysis:

North America is the leading regional market for aromatherapy due to the growing demand for aromatherapy in the U.S. The U.S. is the leading national market for aromatherapy. The growing prevalence of insomnia in the U.S. is likely to be a major driver for the global aromatherapy market over the forecast period.

Europe is also a major regional market for aromatherapy. Asia Pacific is likely to remain the fastest growing regional market for aromatherapy over the forecast period. China and India are likely to be important national markets for aromatherapy over the forecast period.

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Non-Alcoholic Steatohepatitis (NASH) Biomarkers Market 2023 | MRFR

 Global Non-Alcoholic Steatohepatitis (NASH) Biomarkers Market Report: Information by Disease Outlook, Type (Serum Biomarkers, Hepatic Fibrosis Biomarkers, Others), End User (Pharmaceutical Companies and CROs, Others) and Region­­ - Forecast till 2024

Market Overview 

NAFLD's diagnosis is of particular significance due to the chances of its moving to more severe stages. In addition, in early-stage diagnosis instances, the use of specific strategies such as growing physical exercise and dietary modification may avoid unpleasantness of the disease. Except in more severe stages of the disease, like non-alcoholic steatohepatitis (NASH), it's still necessary to detect it as soon as possible because of the risk for cirrhosis progression.

Biomarkers are important for testing and treatment approaches for fatty liver disease cases and for faster diagnosis of potentially life threatening NASH and NAFLD. This will allow for the diagnosis and treatment of disease using a clear biomarker blood test, thereby preventing a biopsy of the liver. Managing the inherent comorbidities that produce NASH syndrome is possible, and the natural history of this daunting disease should increase. Furthermore, biomarker approaches will interface work in biomedicine.

The global market for Non-alcoholic Steatohepatitis (NASH) Biomarkers Market is projected to witness a 20.92 percent CAGR and is expected to hit the US$1.960.4 million mark by 2024. The key factors that pave the way for the growth of the worldwide market for non-alcoholic steatohepatitis biomarkers are the expanding presence of NASH, growing need for non-invasive diagnostic testing and awareness-raising campaigns. On the opposite, the existence of stringent rules for the certification of biomarkers by the United States FDA is expected to slow the growth of the market during the forecast period.

Market Segmentation

The global market for non-alcoholic steatohepatitis biomarkers has been segmented on the basis of end users and type. Based on type, the market is segmented into Hepatic Fibrosis Biomarkers, Serum Biomarkers, and others. And by end user, the market segment covers CROs, pharmaceutical companies, and others. The study on the global market for non-alcoholic steatohepatitis biomarkers focuses on market value and size at corporate, local, and global levels. From a broader perspective, the study report portrays the total market size of non-alcoholic steatohepatitis biomarkers by examining existing market patterns, historical evidence and expectations for future development. Market revenue from various national markets has been applied to quantify the global market's total revenue. The study offers an outline of the solutions in the industry, and also demonstrates the pace of growth in the global market.

Regional Overview

Geographically, the global demand for non-alcoholic steatohepatitis biomarkers has been subdivided into MEA, Asia-Pacific, North America, Europe, and is sub-segmented into country level markets such as India, the United States, China, Japan, Australia, etc. The report provides comprehensive information from regional segments while covering local and global market size, regional market rivals, performance data, and statistics on exports and import. The study also discusses regional market patterns, trends, production and utilization rate of goods, revenue from the market sector, and the rate of growth. The report also covers the demand data from several industries and a wide range of opportunities present in the region that are expected to drive growth.

Global Non-Alcoholic Steatohepatitis Biomarkers Market, by Region

• Americas
  • North America
    • US
    • Canada
  • Latin America

• Europe
  • Western Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Western Europe
  • Eastern Europe

• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

• Middle East & Africa
  • Middle East
  • Africa

Industry News

Research has found a biomarker linked to the growth of non-alcoholic fatty liver disorder in human beings that could help doctors uncover early stages of the illness. The scientists also found that this biomarker, a protein classified as the 'neuronal regeneration-related protein', plays a critical role in controlling a mechanism that is now being investigated as a therapeutic choice for the condition in clinical trials.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Regional Analysis On Global Neurovascular Devices Market Forecast to 2023

 Global Neurovascular Devices Market Research Report: Product (Aneurysm Coiling & Embolization Devices, Support Device) Therapeutic Application (Hemorrhagic & Ischemic Strokes) End-User (Hospitals, Ambulatory Surgical Units) – Global Forecast Till 2023

Neurovascular devices are devices used in the treatment of neurovascular diseases such as brain aneurysm, arteriovenous malformations, and others. The global neurovascular devices market report by Market Research Future (MRFR) contains useful insights and in-depth analysis of the pivotal market variables affecting the industry. It contains estimations for the period of 2018 to 2023 (forecast period) and the impact of the COVID-19 virus on the market.

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Market Scope

The global neurovascular Medical devices market is set to touch a value of USD 3,177.76 million by 2023. It is expected to register a CAGR of 8.8% over the forecast period. Development of products, approval by regulatory bodies, and demand for minimally invasive procedures are major factors driving market growth. The large healthcare expenditure of nations is an instance of the large potential for the market. The NHS, a government agency of the U.K. government, had spent close to USD 6.6 billion for the period of 2012-2013. The outbreak of the COVID-19 pandemic has led to efforts being put into the manufacture of ventilators and other equipment and putting a halt in production of neurovascular devices.

But high procedural costs and lack of skilled personnel can hamper the market growth.

Segmentation

The global neurovascular devices market is segmented on the basis of product, therapeutic application, and end-user.

On the basis of the product, the market is segmented into aneurysm coiling & embolization devices, cerebral balloon angioplasty and stenting systems, neurothrombectomy devices, and support device. The aneurysm coiling & embolization devices segment is sub-segmented into liquid embolic, embolic coils, and flow diversion devices. The embolic coils segment is further segmented into detachable coils, and pushable coils. Meanwhile, the neurothrombectomy devices segment is sub-segmented into retrieval systems and suction and aspiration devices. The support device segment is sub-segmented into microcatheters and microguidewires. Lastly, the cerebral balloon angioplasty and stenting systems segment is sub-segmented into carotid artery stents and embolic protection systems. The embolic protection systems segmented is further divided into balloon occlusion devices and distal filter devices.

On the basis of the therapeutic application, the market is divided into hemorrhagic stroke and ischemic strokes.

On the basis of the end-users, the market is segmented into hospitals & clinics, and ambulatory surgical units.

Regional Analysis

The Americas can dominate the global neurovascular devices market owing to increasing prevalence of neurovascular diseases like arteriovenous malformations (AVMs), brain aneurysm, and others. According to a study published in the Methodist DeBakey Cardiovascular Journal in 2014, about one million strokes occurred annually in the U.S. with 10% to 15% with the cause accounted to intracranial atherosclerotic disease. The inflated healthcare expenditure and presence of key players within the region can widen the scope of the market in the region.

Europe is the second-largest neurovascular devices market. This can be attributed to the presence of a well-developed healthcare sector and increasing prevalence of neurovascular diseases. According to the Neurological Alliance in 2014, neurological cases in England had reached 12.5 million. This is expected to fuel the demand for neurovascular devices.

APAC follows Europe and is touted to exhibit a robust CAGR over the forecast period. The large patient pool, medical tourism in India and China, and massive demand for minimally invasive surgeries are prime factors driving the regional market growth. On the other hand, the MEA has the least share of the global neurovascular devices market due to the presence of poor economy, especially in the Africa region.

Competition Outlook

1. L. Gore & Associates, Inc., Blockade Medical, LLC., MicroPort Scientific Corporation, Rapid Medical, Johnson & Johnson Services, Inc., Gynesonics, Medtronic, Secant Group, LLC, Medikit Co., Ltd., Penumbra, Inc., Sensome, Neuravi, Merit Medical Systems, Inc., Evasc, Delaware Corporation, TERUMO CORPORATION, Abbott, OxfordEndovascular, and Stryker are key players of the global neurovascular devices market.

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Analysis Report : Global Aromatherapy Market 2020 | Demand and Size share Research report

 Market Scenario

Market Research Future (MRFR) postulates that the aromatherapy market is estimated to garner USD 4.3 billion, grabbing a healthy CAGR of 6.18 % during the forecast period (2017-2023). The non-invasive nature of aromatherapy is encouraging the market growth. Aromatherapy is practiced across the globe to treat several conditions like burns, eczema, acne, skin rashes, etc. and is also being gradually approved for pain management. Aromatherapy is common among the geriatric population as they help to heal chronic pain. The procedure is progressively being used at homes for instant relief from cold and flu, relaxation and sleep, mood enhancement, and pain relief. They are cost-effective, offer privacy and convenience. Aromatherapy finds application in the skin and hair care, relaxation, cold and cough, pain management, scar management, insomnia, and others.

Market Potential and Pitfalls

The aromatherapy market is experiencing an up thrust across the globe with a large number of the global population opting for aromatherapy, non-invasive nature of aromatherapy, and increasing lifestyle industry. The modern lifestyle is encircled with problems such as stress and sleep disturbances which have further inflated the market growth. Aromatherapy used aromatic and other essential oils which helps to combat cold, increase immunity and improve breathing disorders. Such benefits have encouraged the aromatherapy market worldwide. The surging practice of aromatherapy at home, growing customer fondness towards the use of natural products, and the high prevalence of lifestyle diseases are likely to propel the market growth in the coming years.

Essential oils used in aromatherapy possess several natural healing factors. Therapeutic grade essential oils have a positive impact on the overall wellness of the patient. They are considered a natural cleanser and also an antibacterial remedy when ingested. Moreover, people across the globe are becoming aware of the benefits provided by such natural therapies, which is further encouraging the market growth. Consumers are buying cosmetic products integrated with aromatherapy ingredients and essential oils. Aromatherapy products including and creams, bath salts, and massage oils are popular among the consumers. Manufacturers are thus offering a varied range of aromatherapy consumables which consist of natural ingredients, pleasant smell, and relaxing properties. Oils such as lavender, lemongrass, and peppermint are gaining huge prominence among the manufactures. Such factors are influencing the growth of the aromatherapy market across the globe.

On the contrary, the toxic nature of the essential oils and a dearth of proper guidelines are considered some of the top barriers vitiating the market growth across the globe. For instance, Cineole is an essential oil which can be poisonous above the recommended dose. An overdose can cause nausea, epigastric burning, dizziness, vomiting, rapid heartbeat, muscular weakness, feeling of suffocation, etc.

Global Aromatherapy Market: Segmental Analysis

The global aromatherapy market has been segmented on the basis of product, application, and therapeutic application.

By mode of product, the global aromatherapy market has been segmented into essential oils and equipment. Among these, the essential oils segment is likely to gain prominence in the coming years owing to the increased awareness regarding the therapeutic value of these oils.

By mode of application, the global aromatherapy market has been segmented into inhalation, tropical, and aerial diffusion.

By mode of therapeutic application, the global aromatherapy market has been segmented into relaxation and sleep, skin and hair care, pain management, and other remedies. Among these, the relaxation & sleep segment is considered to gain prominence in the coming years owing to the surging number of people suffering from stress and anxiety along with the side effects associated with alternative medicines.

Regional Insights

Geographically, the aromatherapy market span across regions namely, Europe, North America, Asia Pacific, and the Middle East & Africa.

Considering the global scenario, the North American region is the most prominent region in the global market with the U.S. generating the maximum revenue. The high per capita income and high population density are the top two factors encouraging the market growth in this region. The surging awareness among the people regarding the health benefits of essential oils and aromatherapy coupled with the rising demand for herbal products for personal care are contributing to the growth of the market.

The European region is estimated to occupy the second spot and is likely to expand at the fastest speed. France is considered the largest market in this region owing to the tradition of aromatics. The presence of prominent market players has further influenced the market growth.

The Asia Pacific region is experiencing steady growth with China being the largest market owing to the presence of a large population. The region has proved to be a potential region for the market players owing to the surging incidences of lifestyle and chronic diseases, high population base, and growing disposable income of the people. Medical tourism makes the region a lucrative region for aromatherapy as economies like India having the traditional process of using natural resources and essential oils for treating various illness attract tourists across the globe.

Industry Updates

March 27, 2019: Lunaroma Aromatic Apothecary in Burlington offer over hundreds of essential oils and they are now making their way into modern medicine with doctors using the age-old technique to help their patients.

Competitive Dashboard

The prominent players operating the global aromatherapy market comprises NOW Foods, Muji, Tree of Life, Young Living, Neal’s Yard Remedies, dōTERRA, Zija International, Nu Skin, Air Aroma, and others.

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Diagnostic Electrocardiograph (ECG) Market Trends 2020 - Analysis |Size |share and Demand

 Diagnostic Electrocardiograph (ECG) Market Overview

Electrocardiograph is a device used to observe the heart's activity and helps in gaining accurate details about the same. As the global population increases, heart diseases are also increasing, which has provided lucrative growth. Also, it is a minimally invasive technique that makes it considerable between the patients and doctors. In this fast-moving world, people are unable to take good care of themselves and adopt unhealthy lifestyle habits, which are among the major forces responsible for the increase in heart-related diseases.

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This has created huge demands for diagnostic electrocardiographs, as it is also capable of producing accurate results. As the population and patient count increase, the authorities are now increasing the healthcare budgets and are improving their healthcare facilities, which has provided the necessary boost to this market. With the increase in demands and applications, the companies are investing in research & development programs to improve the system's efficiency, which will help the market gain momentum. 

Apart from the uses and features, the global diagnostic electrocardiograph market is facing friction from factors like scarcity of trained professionals and struggling economic structures, which has slowed down the market's growth. This report provides a comprehensive outlook on competition, opportunities, drivers & restraints, and other factors affecting the local and global diagnostic electrocardiograph (ECG) market. The global market is anticipated to register approximately a 06 % annual growth during this period.

Diagnostic Electrocardiograph (ECG) Market Division

The global diagnostic electrocardiograph (ECG) market is segmented into classes as follows:

The global diagnostic electrocardiograph market is segmented into stress ECG devices, smart ECG monitors, rest ECG devices, and others based on product types.

The global diagnostic electrocardiograph market divided into the single lead, 3 lead, 5 lead, and other devices based on lead type.

Based on end-users, the global diagnostic electrocardiograph market is segmented into hospitals, clinics, and others.

Diagnostic Electrocardiograph (ECG) Market Regional Classification

The diagnostic electrocardiograph (ECG) market has gained global adoption due to its rising patient counts, demands for better equipment, and a rise in healthcare standards. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global diagnostic electrocardiograph market. The North American region is leading the market due to the presence of key manufacturers, demands for advanced technologies, increasing research & development activities, a well-established healthcare system, rigid regulations, and other factors. The Asia Pacific region will register the fastest growth rates due to the vast population covers, rapid urbanization, fast-developing healthcare systems, increasing health issues, and other factors with India and China among the market leaders due to rapid development and presence of vast opportunities.

Industry News

The global diagnostic electrocardiograph market is a necessary part of the healthcare system. The growing awareness and increase in patient numbers have provided essential growth to this market. Resting ECG devices and 3 lead ECG devices will lead the market throughout the tenure. The global market is led by The North American region, whereas the Asia Pacific region will file the fastest growth in this period.

Key Players

• General Electric Company (US)
• Koninklijke Philips N.V. (Netherlands)
• Nihon Kohden Corporation (Japan)
• Hillrom Services, Inc. (US)
• Spacelabs Healthcare (US)
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China)
• Schiller (Switzerland)
• ACS Diagnostics (US)
• BPL Medical Technologies (India)
• Fukuda Denshi (Japan)
• BTL (US)
• Edan Instruments, Inc. (China)
• Cardioline SpA (Italy)
• Norav Medical (US)
• Innomed Medical Inc. (Hungary)
• VectraCor, Inc. (US)

 

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What are the main top Leaders of Global Cystic Fibrosis Market ?

 The global market consist of players such as AbbVie, Allergan plc, Chiesi Farmaceutici S.p.A., F. Hoffmann-La Roche AG, Gilead Sciences, Inc., Novartis AG, Pharmaxis Ltd, PTC Therapeutics, and Vertex Pharmaceuticals Incorporated are some of the prominent players at the forefront of competition in the global cystic fibrosis market and are profiled in MRFR Analysis report.

Global Cystic Fibrosis Market - Overview:

According to a recent study report published by the Market Research Future analysts, the global cystic fibrosis therapeutics market is growing at a double digit CAGR. The major growth in the cystic fibrosis market was observed with the introduction of Kalydeco drug by Vertex pharmaceutical in 2012. There has been constant development of new drugs and therapies for treating cystic fibrosis. Cystic fibrosis foundation (CFF) has always been in support of the companies involved in the research and development of the cystic fibrosis drugs. The financial support from CFF is influential in the growth of the cystic fibrosis market worldwide.

That being said, there are few hurdles as well in growth of this market. Currently there are approximately 1900 identified CFTR mutations that are responsible for the development of the disease condition. Many are yet to be identified. At present, treatments are available for nearly half the mutations. CF being the rare disease, and due to the limited information available, the extensive research is required. The research and development cost for the cystic fibrosis is very high leading to the massive prices of the end products. High cost of the drugs and treatments is one of the factors that hinder the growth of the cystic fibrosis market.

Global Cystic Fibrosis Market - Competitive Analysis:

The global market for cystic fibrosis is dominated by American pharmaceutical company Vertex Pharmaceuticals Incorporated.  With two FDA approved CFTR modulator drugs Kalydeco & Orkambi, Vertex Pharmaceuticals secured a top spot with the market share of 46% in the global cystic fibrosis market. Kalydeco and Orkambi are the drugs that affect the disease at a genetic level where as all the other drugs from different companies deal with the disease symptoms and associated problems. Currently there is no competition for the Kalydeco and Orkambi. Moreover the Vertex is on the verge of developing their next and better drug “triple combo” which is expected to cover 90% of the total identified CFTR mutations. This development is the strong reason for Vertex pharmaceutical to be on top of the table in the near future as well.

Apart from the Vertex, there are some companies which are manufacturing different drugs for the treatment for the cystic fibrosis. These companies have drug products such as Roche- Pulmozyme, Abbvie- Creon, Gilead- Cayston, Novartis- TOBI Podhaler, Allergan- Zenpep, Chiesi- Pertzye, and few others. As these products help patients in managing the cystic fibrosis symptoms and are consumed daily, these companies have fair amount of share in the market. Additionally, there are other companies which such as Pharmaxis, PTC therapeutics, Janssen Pharmaceuticals, Inc which are involved in the development of the treatments for the symptoms of cystic fibrosis.

Global Cystic Fibrosis Market - Regional Analysis;

Cystic fibrosis can occur in both genders as well as in all ethnic groups and races. However the incidences of cystic fibrosis varies across the globe. Cystic fibrosis is more common among the Caucasians. Hence the disease is more prevalent in North America, Europe, and Australia. However cystic fibrosis can also affect Latinos, American Indians, African, and Middle Eastern population.

North America is one of the majorly affected region by the deadly disease cystic fibrosis. The United States is among the countries with highest incidence rates of cystic fibrosis. According to cystic fibrosis foundation, more than 30,000 patients are living with cystic fibrosis in the United States. Nearly, 1000 new cystic fibrosis cases are diagnosed each year. According to CFF’s national patient registry, the median age of the person with cystic fibrosis is currently 33.4 years. The average life expectancy of the CF patients has increased significantly as compared to the patients 30 years back.

European region is also largely affected by cystic fibrosis. According to European Cystic Fibrosis Society (ECFS), considering the 26 major countries in Europe, more than 35,500 people were suffering from cystic fibrosis in 2014. Among the CF patients in Europe, 51.8% were adults with age 18 years or more and 48.2% were less than 18 years old. Countries like United Kingdom, Ireland, Romania, and Bulgaria have the high birth prevalence of CF.

The prevalence of cystic fibrosis is seen to be very low in the Asian region. There is limited information available about CF in Asia, it is likely that the disease is highly underdiagnosed in this region including the Indian subcontinent. It is due to medical community’s lack of knowledge about CF and poor access to the medical and healthcare facilities for cystic fibrosis patients.

The incidence of cystic fibrosis in Middle East varies according to the ethnic background. However, the CF prevalence in Middle East is low as compared to the North American and European region. There are no accurate CF prevalence number for the Northern African countries, but it is expected to be low due to the racial factor and no European genetic mixture.

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2022 Available At Market Research Future

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

 

Global Covid19/CoronaVirus Impact on Cystic Fibrosis (CF) Therapeutics Market Growing at a CAGR of 13.5% By Market Growth, Trends, Absolute Opportunity and Value Chain 2018 to 2025

The global market consist of players such as AbbVie, Allergan plc, Chiesi Farmaceutici S.p.A., F. Hoffmann-La Roche AG, Gilead Sciences, Inc., Novartis AG, Pharmaxis Ltd, PTC Therapeutics, and Vertex Pharmaceuticals Incorporated are some of the prominent players at the forefront of competition in the global cystic fibrosis market and are profiled in MRFR Analysis report.

Global Cystic Fibrosis Market - Overview:

According to a recent study report published by the Market Research Future analysts, the global cystic fibrosis therapeutics market is growing at a double digit CAGR. The major growth in the cystic fibrosis market was observed with the introduction of Kalydeco drug by Vertex pharmaceutical in 2012. There has been constant development of new drugs and therapies for treating cystic fibrosis. Cystic fibrosis foundation (CFF) has always been in support of the companies involved in the research and development of the cystic fibrosis drugs. The financial support from CFF is influential in the growth of the cystic fibrosis market worldwide.

That being said, there are few hurdles as well in growth of this market. Currently there are approximately 1900 identified CFTR mutations that are responsible for the development of the disease condition. Many are yet to be identified. At present, treatments are available for nearly half the mutations. CF being the rare disease, and due to the limited information available, the extensive research is required. The research and development cost for the cystic fibrosis is very high leading to the massive prices of the end products. High cost of the drugs and treatments is one of the factors that hinder the growth of the cystic fibrosis market.

Global Cystic Fibrosis Market - Competitive Analysis:

The global market for cystic fibrosis is dominated by American pharmaceutical company Vertex Pharmaceuticals Incorporated.  With two FDA approved CFTR modulator drugs Kalydeco & Orkambi, Vertex Pharmaceuticals secured a top spot with the market share of 46% in the global cystic fibrosis market. Kalydeco and Orkambi are the drugs that affect the disease at a genetic level where as all the other drugs from different companies deal with the disease symptoms and associated problems. Currently there is no competition for the Kalydeco and Orkambi. Moreover the Vertex is on the verge of developing their next and better drug “triple combo” which is expected to cover 90% of the total identified CFTR mutations. This development is the strong reason for Vertex pharmaceutical to be on top of the table in the near future as well.

Apart from the Vertex, there are some companies which are manufacturing different drugs for the treatment for the cystic fibrosis. These companies have drug products such as Roche- Pulmozyme, Abbvie- Creon, Gilead- Cayston, Novartis- TOBI Podhaler, Allergan- Zenpep, Chiesi- Pertzye, and few others. As these products help patients in managing the cystic fibrosis symptoms and are consumed daily, these companies have fair amount of share in the market. Additionally, there are other companies which such as Pharmaxis, PTC therapeutics, Janssen Pharmaceuticals, Inc which are involved in the development of the treatments for the symptoms of cystic fibrosis.

Global Cystic Fibrosis Market - Regional Analysis;

Cystic fibrosis can occur in both genders as well as in all ethnic groups and races. However the incidences of cystic fibrosis varies across the globe. Cystic fibrosis is more common among the Caucasians. Hence the disease is more prevalent in North America, Europe, and Australia. However cystic fibrosis can also affect Latinos, American Indians, African, and Middle Eastern population.

North America is one of the majorly affected region by the deadly disease cystic fibrosis. The United States is among the countries with highest incidence rates of cystic fibrosis. According to cystic fibrosis foundation, more than 30,000 patients are living with cystic fibrosis in the United States. Nearly, 1000 new cystic fibrosis cases are diagnosed each year. According to CFF’s national patient registry, the median age of the person with cystic fibrosis is currently 33.4 years. The average life expectancy of the CF patients has increased significantly as compared to the patients 30 years back.

European region is also largely affected by cystic fibrosis. According to European Cystic Fibrosis Society (ECFS), considering the 26 major countries in Europe, more than 35,500 people were suffering from cystic fibrosis in 2014. Among the CF patients in Europe, 51.8% were adults with age 18 years or more and 48.2% were less than 18 years old. Countries like United Kingdom, Ireland, Romania, and Bulgaria have the high birth prevalence of CF.

The prevalence of cystic fibrosis is seen to be very low in the Asian region. There is limited information available about CF in Asia, it is likely that the disease is highly underdiagnosed in this region including the Indian subcontinent. It is due to medical community’s lack of knowledge about CF and poor access to the medical and healthcare facilities for cystic fibrosis patients.

The incidence of cystic fibrosis in Middle East varies according to the ethnic background. However, the CF prevalence in Middle East is low as compared to the North American and European region. There are no accurate CF prevalence number for the Northern African countries, but it is expected to be low due to the racial factor and no European genetic mixture.

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2022 Available At Market Research Future

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