Alagille Syndrome Market Share, Overview, Trends and COVID-19 Analysis Forecast to 2023
Research Reports
Jan 19, 2021
Various factors are adding to the global alagille syndrome market growth. These factors, according to the new MRFR report, include huge financial support for researchers to develop a novel intervention, increasing cases of paragangliomas, constant advancements in the treatment, rising prevalence of cancer, and rise in special designation from regulatory authorities.
Market Analysis
The global alagille syndrome market is likely to grow at a healthy CAGR between 2018- 2023, states the Market Research Future (MRFR) report. Alagille syndrome, simply put, is a rare genetic disorder that impacts various organ systems of the body, especially kidneys, eyes, skeleton, heart, and liver. It is related to biliary atresia, hepatomegaly, and liver diseases, and liver transplantation may be needed in severe cases.
On the contrary, high treatment costs, lack of awareness about the disease, lack of healthcare budget, limited operating revenue opportunities for R&D, and increasing product recalls are factors that may limit the alagille syndrome market growth over the forecast period.
Regional Analysis
Based on the region, the global alagille syndrome market covers the growth opportunities and recent trends across the Asia Pacific (APAC), the Americas, Europe, & the Middle East & Africa (MEA). Among these, the Americas will spearhead the market over the forecast period. Factors adding market growth include growing healthcare expenditure, increasing cases of rare genetic disease, and a well-developed healthcare sector. Besides, well-developed technology and increasing awareness among people are also adding market growth.
The global alagille syndrome market is predicted to hold the second-largest share over the forecast period for increasing healthcare expenditure, accessibility of funds for R&D, rising cases of genetic disease, and increasing prevalence of different liver diseases.
The global alagille syndrome market in the Asia Pacific region is likely to develop at a quick rate during the forecast period. The increasing funding in the healthcare sector by the government, rising prevalence of rare diseases, constantly developing economies, and a huge patient population is adding market growth.
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Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global alagille syndrome market based on end-user, diagnosis, treatment, and symptom.
By symptom, the alagille syndrome market is segmented into neurologic problems, distinctive facial features, heart problems, nutrition problems, liver problems, and others.
By treatment, the alagille syndrome market is segmented into heart surgery, kidney surgery, liver transplantation, vitamin supplements, biliary diversion procedures, medication, and others. The medication segment is again segmented into anti-histamine, naltrexone, rifampin, cholestyramine, Ursodeoxycholic. The anti-histamine segment is further segmented into hydroxyzine & others.
By diagnosis, the alagille syndrome market is segmented into prenatal DNA testing, generic testing, liver biopsy, slit-lamp exam, cardiology exam, X-ray imaging, urinalysis, blood test, and others.
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Key Players
Leading players profiled in the alagille syndrome market report include Merck & Co., Inc, GlaxoSmithKline Plc, Bristol-Myers Squibb Company, Shire, Pfizer, Inc., Novartis AG, AstraZeneca Plc, Albireo Pharma, Inc., Allergen Plc, Lannett, Teva Pharmaceutical Industries Ltd., and Sanofi AG. Industry players have encompassed strategies such as acquisitions and mergers, new product launch, joint ventures, collaborations, and others to create a niche in the market.
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Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
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