27-Oct-2021 | Zion Market Research
The primary participants of global charcot-marie-tooth disease type I market comprise Acceleron Pharma, Genzyme (A Sanofi Company), Inflectis Bioscience, Ionis Pharmaceuticals, The National Institutes of Health, among others, amongst others. These players are set to foster the development of Charcot-Marie-Tooth Disease Type I market in the years to come
As per analysts at Zion Market Research, global charcot-marie-tooth disease type I market was capitalized at USD 436.63 Million in 2016 and is likely to cross USD 480.72 Million in 2020, developing at a CAGR of 3.5 % from 2016 to 2028.
This review is based on a report by Zion Market Research, titled “Charcot-Marie-Tooth Disease Type I By Type (PXT3003 (Pharnext) and ACE-083 (Acceleron) By Therapy (Physical Therapy, Occupational Therapy, Others) Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028.”
Increasing Development And Precise Drug Therapy Of Charcot-Marie-Tooth Disease Type I Market In The Years To Come
As per analysts at Zion Market Research , CMT1A is a very rare type of neuromuscular disorder for which drug therapy is in development phase and clinical stage and currently there is unavailability of precise drug therapy. General therapy including physical therapy and occupational therapy is highly adopted for symptom management of CMT1A. General physical therapy is inexpensive in nature, physiotherapists are widely available, and medical devices and braces are used in physical therapy, which makes it highly effective in treating symptoms and pain management in CMT1A. Over the next few years, overall market for physical therapy segment for CMT1A treatment is expected to grow exponentially.
Competitiveness of the market is the most important factor for overall market growth and global CMT1A market is not an exception to that. PXT3003 is expected to be launched by 2024 and later to that ACE-083 at the time of launch and marketing of the drug therapies, there is expected to be minimal to no competition in the global market. Other drug therapies are still in the development and preclinical phase hence, these two drug therapies are expected to grab total market share after launch for few years.
Adopted The Treatment Boosting The Global Charcot-Marie-Tooth Disease Type I Market In North America
North America in the global charcot-marie-tooth disease type I market in 2016 with over 37.47% share. These therapies are being highly adopted across all the regions including North America, Europe, Asia Pacific, the Middle East, & Africa. There is yet no sign of development of any precise physical or occupational therapy for the treatment of CMT1A. Whichever therapies are currently adopted for treatment are general physiotherapy techniques which also includes use of physical therapy medical devices and orthopaedic braces. Clinical trials for drug therapies are not yet conducted in few of the regions including Asia Pacific, the Middle East, & Africa, which has given a way to the physical therapies to be adopted by the patients on large scale. Adoption for such physical therapies is at greater level in these regions, driving the physical therapy treatment market for CMT1A.
On the other hand, even after the launch of drug therapies across the globe by 2025, major share of the CMT1A market in the Middle East, Asia Pacific, and Africa is expected to be grabbed by physical therapy segment, expected expensive nature of drug therapies being the factor. In the coming years, medical devices and orthopaedic braces are expected to be developed and launched in all of the regions, which is forecasted to boost the overall CMT1A physical therapy market.
Browse the full “Charcot-Marie-Tooth Disease Type I Market By Type ( PXT3003 (Pharnext) and ACE-083 (Acceleron) By Therapy( Physical Therapy, Occupational Therapy, Others) Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/charcot-marie-tooth-disease-typei-market
The global charcot-marie-tooth disease type I market is segmented as follows:
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