Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
IN THE NEWSJune, 2021: Novartis AG, the leading pharmaceutical company for global drug distribution, announced to collaborate with Hewlett Packard Enterprise to expand its portfolio in medical devices production.
May, 2018: The Myositis Association (TMA) announced May as Myositis Awareness Month, to spread awareness regarding the autosomal muscular disease.
Global Duchenne Muscular Dystrophy Treatment Market Highlights over 2022 – 2030
The global Duchenne muscular dystrophy treatment market is estimated to grow at a CAGR of ~11% over the forecast period, i.e., 2022 – 2030. Duchenne muscular dystrophy is an inherited muscular disorder, which results in extreme weakness in muscles. The growth of the market can be attributed to the increasing demand for treatment for Duchenne muscular dystrophy or DMD, along with rising research activities for the development of new treatment methods. Moreover, the growing prevalence of muscular disorders, backed by poor lifestyle and lack of physical activities, are estimated to boost the market growth. According to the data by the World Health Organization (WHO), 1.71 billion people suffer from musculoskeletal disorders. DMD is a type of myositis, which is why, it has no cure. The growing demand for myositis treatment, is anticipated to positively affect the market growth.
Furthermore, DMD is a rare genetic disorder, mostly prevalent amongst males. According to the National Organization of Rare Disorders (NORD), DMD affects approximately 1 in every 3,500 male births worldwide. The high share of male population, in the total global population is projected to promote the global market growth. In 2020, 50.415% of the global population, i.e., 3.907 billion people were male, as per the statistics by the World Bank.
In addition to this, the absence of any permanent treatment for this disorder, along with the growing investment in the R&D activities is estimated to boost the market growth. According to the World Bank data, 2.204% of the global GDP was spent for R&D activities in 2018.
The market is segmented by treatment into corticosteroids, pain management drugs, physical therapy, and others, out of which, the pain management drugs segment is anticipated to hold the largest revenue share in the market over the forecast period. This can be accredited to the high demand for pain management drugs, as DMD can be extremely painful. Moreover, it is primarily diagnosed in kids of age between 3-6 years, who have a lower threshold for pain. Such factors are estimated to further boost the segment growth. CLICK TO DOWNLOAD SAMPLE REPORT
Major Macro-Economic Indicators Impacting the Market Growth
According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.
Global Duchenne Muscular Dystrophy Treatment Market Regional Synopsis
On the basis of geographical analysis, the global Duchenne muscular dystrophy treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness modest growth over the forecast period on the back of high prevalence of musculoskeletal diseases in the region, along with high male population in the region. For instance, according to the World Bank, in India, 51.964% of the total population is male, in 2020. Moreover, the constant development in public healthcare services, backed by rapid economic growth, are anticipated to boost the market growth.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period on account of the high health awareness amongst the population, along with easy access of quality healthcare in the developed nations. Furthermore, rising concerns amongst authorities, regarding rising prevalence of genetic diseases, is also estimated to boost the market growth.
The global Duchenne muscular dystrophy treatment market is further classified on the basis of region as follows:
Market Segmentation
Our in-depth analysis of the global Duchenne muscular dystrophy treatment market includes the following segments:
By Therapy
By Treatment
By Distribution Channel
Growth Drivers
Challenges
Top Featured Companies Dominating the Market
FREQUENTLY ASKED QUESTIONS
Increasing incidences of DMD, and the emergence of mutation-specific therapies are estimated to boost the market growth.
The market is anticipated to attain a CAGR of ~11% over the forecast period, i.e., 2022 – 2030.
The major players in the market are Eli Lilly and Company, Novartis AG, Sanofi-aventis Groupe, Abbott Laboratories, Johnson & Johnson Services, Inc., Merck & Co., Inc., Siemens Healthcare GmbH, Pfizer Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by therapy, treatment, distribution channel, and by region.
The hospital segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.
The complicated and difficult diagnosis of DMD are estimated to hamper the market growth.
The market in the North America region is estimated to gain the largest market share owing to the high investment in R&D activities, and presence of major market players in the region.
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