Daten aus dem Cache geladen. Charcot-Marie-Tooth Disease Market Is Estimated To Witness High...

Charcot-Marie-Tooth Disease Market Is Estimated To Witness High Growth Owing To Rising Prevalence And Increasing R&D Activities

0
1K

Market Overview:

Charcot-Marie-Tooth disease (CMT) refers to a group of inherited neurological disorders that cause damage to the peripheral nerves. The disease is characterized by muscle weakness and atrophy, predominantly in the legs and feet. There are currently no cure for CMT, however supportive treatments aim to manage symptoms and improve quality of life.

Market Dynamics:

The Charcot-Marie-Tooth Disease Market is driven by the rising prevalence of CMT worldwide. CMT affects approximately 1 in 2500 people globally. In addition, increasing research and development activities by companies in the market is also expected to fuel market growth over the forecast period. For instance, Addex Therapeutics Ltd. is evaluating dipraglurant in a phase II/III clinical trial for the treatment of certain CMT subtypes. Furthermore, genetics studies have identified over 90 genes associated with CMT, providing opportunities for drug development targeting specific genetic mutations.

The global Charcot-Marie-Tooth Disease Market Demand is estimated to be valued at US$ 793.9 Mn in 2023 and is expected to exhibit a CAGR of 23.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

SWOT Analysis

Strength: The Charcot-Marie-Tooth Disease market has a large patient population which allows for significant market potential. Several targeted therapeutics are currently in development which could improve patient outcomes. Established diagnostic methods help identify patients.

Weakness: The disease has heterogeneous subtypes which makes therapeutic development more complex. There remains a lack of approved disease modifying therapies. Diagnosis can be difficult due to overlapping symptoms with other neuropathies.

Opportunity: An increasing research focus on rare disease therapeutics is driving drug development. There is potential for personalized medicine approaches through stratification of subtypes. Emerging biomarkers may aid earlier diagnosis and tracking of disease progression.

Threats: High development costs and risks associated with rare disease drug development limit the number of companies involved. Failure or delays of drugs in late stage trials could significantly impact the market. Regulatory pathways for approval remain uncertain.

Key Takeaways

The global Charcot-Marie-Tooth Disease market is expected to witness high growth, exhibiting a CAGR of 23.4% over the forecast period, due to increasing research and development efforts of pharmaceutical companies. The current market size is valued at US$ 793.9 Mn in 2021.

Regional analysis: North America is currently the largest Charcot-Marie-Tooth Disease market due to concentration of key market players and research centers. Growth will be highest in Asia Pacific due to rising healthcare investments and improving access to diagnosis.

Key players: Key players operating in the Charcot-Marie-Tooth Disease market are Addex Therapeutics Ltd., Affectis Pharmaceuticals AG, Genzyme Corp, Lead Discovery Center GmbH, Pharnext SA, Acceleron Pharma, MedDay Pharmaceuticals, Bristol-Myers-Squibb Company, Inflectis Bio Science Health Company, Helixmith Co., Ltd., and Neurogene Inc. All major players are conducting clinical trials focused on subtype-specific therapies.

Read More: https://blogger-veritas.blogspot.com/2023/11/future-of-charcot-marie-tooth-disease.html

Search
Categories
Read More
Other
Global Metallized Polyester Films Market Size, Growth, key Player, share, Demand, Impact Analysis, Opportunities & Forecast To 2027
Global Metallized Polyester Films Market Overview: The Global Metallized Polyester Films Market's...
By Aparna Bansode 2022-06-24 11:21:28 0 2K
Other
Услуги грузчиков в Санкт-Петербурге от компании «ГрузкинЪ Сервис»
Компания «ГрузкинЪ Сервис» предлагает услуги грузчиков и готова к выполнению работ в...
By Alexei Fokin 2024-03-04 19:42:53 0 2K
Games
Como Comprar Moedas FIFA 25 e Aumentar suas Chances de Sucesso em EA FC 25
Como Comprar Moedas FIFA 25 e Aumentar suas Chances de Sucesso em EA FC 25 Nos jogos de futebol,...
By Minorescu Jone 2024-12-29 00:15:21 0 13
Other
花蓮賞鯨船票優惠 - 享受專業導覽和豐富賞鯨體驗
花蓮賞鯨船票優惠為您提供了探索海洋奇觀的最佳機會。花蓮的賞鯨活動不僅吸引了大量旅客,更因其高質量的專業導覽而受到高度讚譽。這些優惠票價包括了全方位的賞鯨服務,讓您能夠以實惠的價格體驗到最優質的賞...
By Rowan Campbell 2024-07-19 22:59:57 0 601
Shopping
Embassy One Thane: A New Landmark on Pokhran Road
One of many features of Embassy One is their world-class amenities. From the fully-equipped...
By Jessica Lisa 2024-10-16 16:11:52 0 208