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With mounting instances of genetic diseases, demand for therapeutic measures have witnessed a hike, as no effective procedures exist that provide effective treatment of genetic or rare inflammatory diseases. Chromosomal changes primarily influence prevalence of these diseases. In a bid to curtail the disease prevalence, several pharmaceutical industries have been taking efforts to make advancements in relevant drugs as well as therapeutic methods. For example, new treatment options are being developed by researchers for geriatric and pediatric patients suffering from Still’s disease, which is a rare disease linked with the inflammation of joints.
Doctors are stepping up their efforts by creating awareness among the patients with regard to benefits of anti-inflammatory drugs, which have been deemed effective in the prevention and control of rare inflammatory diseases. Currently, there is rapid increase in the demand for authorized effective treatments of the rare inflammatory diseases. The OOPD (Office of Orphan Products Development) has been offering incentives to drug companies, supporting the development of treatment methods for these diseases. National Institutes of Health (NIH) are providing immense support for improving patients’ health, by focusing mainly on the development of new treatment methods. Collaborative projects are being initiated by NIH in order to examine the common causes and effects of related diseases.
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Significant findings from report show that the global market for rare inflammatory disease treatment will increase at an assessed 4.4% CAGR during the forecast period, 2017-2026. The report also anticipates that by 2026-end, rare inflammatory disease treatment worth nearly US$ 15,960.8Mn will be witnessed across the globe.
Increasing Inflammatory & Autoimmune Diseases to Create Opportunities for New Therapies
Several group of scientists have associated cytokine IL-23 with treatment of inflammatory and autoimmune diseases, which in turn is creating new ways of development for therapies. Researchers have identified a fundamental molecular mechanism essential to inflammatory and autoimmune diseases such as multiple sclerosis, rheumatoid arthritis and psoriasis. The action of pro-inflammatory cytokine IL-23, depends on the organizational stimulation of its receptor, namely IL-23R.
Moreover, the occurrence of inflammatory and autoimmune diseases is increasing on a rapid pace. Globally, an approximate number of 125 million populace are affected by psoriasis and around 100 million by rheumatoid arthritis annually. The presence of inflammatory bowel infections such as ulcerative colitis and Crohn’s disease is increasing at an alarming rate in formerly unaffected fragments of the world.
Key Takeaways from Rare Inflammatory Disease Treatment Market Report for Estimated Period, 2017-2026
In terms of revenue, North America will remain the largest market for rare inflammatory disease treatment market, closely followed by Europe. Nearly half value share of the market is held by rare inflammatory disease treatment sales in North America and Europe collectively. APEJ will also bolt onto a largest market revenue share, by registering a relatively faster expansion than Europe in the market through 2026.
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On the basis of indication, ulcerative colitis are likely to remain considerably larger than that of the other segments.
The lion’s share in the global market for rare inflammatory disease treatment is contributed by biologics segment.
Oral care & Hospital Pharmacies will observe fastest growth during the forecast period.
Key market players outlined by the report is inclusive of Pfizer, Inc., Allergan Plc, Valeant, Johnson & Johnson, Questcor Pharmaceuticals, Inc., Novartis AG, Abbvie, Abbott Laboratories, Regeneron Pharmaceuticals, and Swedish Orphan Biovitrum AB.
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(Added: Tue Nov 27 2018 Hits: 26 Rating: 0.00 Votes: 0) Rate ItAccording to the latest market report published by Future Market Insights titled ‘MRI-Guided Neurosurgical Ablation Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028’, the global MRI-guided neurosurgical ablation market is projected to expand at a CAGR of 4.9% during the forecast period 2018–2028 and reach US$ 216.3 Mn by the end of 2028.
Global MRI-guided Neurosurgical Ablation Market: Dynamics
The per capita healthcare expenditure is currently following an uptrend across both developed and developing economies, which has made possible to implement quality patient care treatment options. The growing awareness regarding minimally surgery is expected to fuel the demand for MRI-guided neurosurgical system in the global market. The demand for MRI-guided neurosurgical system is primarily emanating from countries such as the U.S., Germany, the U.K. and Australia due to factors such as enhanced emergency room services coupled with affordability. According to a study published by the Oxford University in 2017, the overall incidence of brain cancer worldwide was 264,241 with prevalence of 5.57 per 100,000 people. The MRI-guided neurosurgical ablation system is more often used for the treatment of brain cancer, hence rising prevalence of brain cancer is expected to boost the growth of the market over the next decade. The MRI-guided neurosurgical ablation system requires a skilled neurosurgeon to perform the surgery efficiently, thereby shortage of neurosurgical workforce is a factor expected to hamper the growth of the MRI-guided neurosurgical ablation market.
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Global MRI-guided Neurosurgical Ablation Market: Forecast
The global MRI-guided neurosurgical ablation market is segmented on the basis of product type, end users and regions. On the basis of product type, the global MRI-guided neurosurgical ablation market has been segmented into MRI-guided laser therapy systems, MRI-guided RF ablation systems, MRI-guided focused ultrasound system and accessories. The MRI-guided ultrasound focused system segment is expected to grow at a significant rate as the use of the system omits the need of an incision, which is required during the surgical procedure. The accessories segment is expected to dominate the global MRI-guided neurosurgical ablation market due to increasing adoption of minimally invasive surgery throughout the globe. The MRI-guided laser therapy systems segment is projected to witness significant growth compared to the MRI-guided RF ablation systems segment, and to reach the market value of US$ 30.9 Mn by 2028 with a CAGR of 4.0% over the forecast period.
On the basis of end users, the MRI-guided neurosurgical ablation market has been segmented into hospitals, ambulatory surgical centers and research laboratories. The hospitals segment is expected to dominate the global MRI-guided neurosurgical ablation market in 2018 as a large number of patients visit hospitals for the treatment of brain cancer. The ambulatory surgical center segment is estimated to account a high value share of 33.0% of the global MRI-guided neurosurgical ablation market by 2018 end and is expected to account for 30.2% share of the global MRI-guided neurosurgical ablation market by 2028 end.
On the basis of region, the MRI-guided neurosurgical ablation market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, China, Japan and Middle East & Africa. North America dominated the global MRI-guided neurosurgical ablation market with maximum value share in 2017, as MRI-guided neurosurgical ablation system were installed in more than 70 hospitals in the U.S. One-third of MRI-guided neurosurgical ablation market share by value is accounted by the U.S. due to increasing prevalence of cancer and rising adoption of minimally invasive surgeries. China and APECJ are the fast-growing regional markets for MRI-guided neurosurgical ablation due to rising prevalence of brain cancer and expansion strategies followed by the key manufacturers in the regions. Latin America and MEA are expected to witness sluggish growth in the global MRI-guided neurosurgical ablation market due to low awareness regarding MRI-guided neurosurgery and lack of medical professionals.
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Global MRI-guided Neurosurgical Ablation Market: Competitive Landscape
Examples of some of the top players operating in the global MRI-guided neurosurgical ablation market are Medtronic plc, Boston Scientific Corporation, Insightec Lmt, AngioDynamics Inc, Monteris Medical Inc, and MRI Intervention Inc. Maintaining and expanding international presence is an important long-term growth strategy of the leading manufacturers of MRI-guided neurosurgical ablation system. In addition, the manufacturers of MRI-guided neurosurgical ablation systems are investing in the emerging markets to strengthen their sales and service capabilities and gain maximum market share.
About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
Contact Us
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com/
(Added: Mon Nov 26 2018 Hits: 0 Rating: 0.00 Votes: 0) Rate It
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