Pemphigus Vulgaris Market Key Players, Analysis & Forecast 2020 - 2027
Market Overview
Recent advancements in the management of pemphigus vulgaris have made the long-term prospects for people with the condition considerably better. For certain patients, prednisone (corticosteroids) in conjunction with the other drugs or treatments may manage the disease. Though, both use of steroids as well as other drugs or treatments can cause health problems that can often be severe, including raising the likelihood of a fatal infection occurring. Pemphigus vulgaris as well as its therapies can weaken and cause missed work time, losing weight, lack of sleep and psychological distress.
The Americas held the largest share in 2017 and is expected to lead the global demand for pemphigus vulgaris. At a CAGR of 8.1 per cent from 2018 to 2027, the Americas is projected to cross USD 2971.41 million mark by 2027.Due to the growing prevalence of pemphigus vulgaris, rising population of elderly people and increased funding for skin disease research & development, the Americas is set to become the largest regional sector in the global pemphigus vulgaris market.
Market Segmentation
Via care, the global demand for pemphigus vulgaris is bifurcated into immunosuppressants, corticosteroids, intravenous immunoglobulin (IVIG), and biological therapy. The worldwide market for pemphigus vulgaris has been categorized as subcutaneous, intravenous, and oral based on the basis of route of administration. The worldwide demand for pemphigus vulgaris across the regional and country level markets is characterized as specialty dermatology clinics, hospitals & clinics, and research & academic laboratories based on end users. The segmentation of the market based on these key categories helps individuals and business leaders get deeper insights into the market and the associated categories in which numerous business activities take place.
Regional Analysis
The region-based global pemphigus vulgaris market is segregated into the Middle East and Africa, Europe, the Americas, and Asia-Pacific. Europe is reported to have the second-largest share in the market in 2017, pertaining to intensive R&D on pemphigus vulgaris, additional funding and increased technological penetration in the regional market. Owing to increased therapeutic need for pemphigus vulgaris and quickly changing healthcare industry, Asia-Pacific is supposed to contribute to the growth of the pemphigus vulgaris market during the coming years. Due to low income per person and lack of information, the Middle East & Africa is expected to experience slower growth during the forecast period.
Industry News
The FDA awards Orphan Drug Designation to medications or immunotherapy which are prescribed to treat or deter chronic diseases or disorders affecting less than 200,000 people in the US. This designation enables Cabaletta for other benefits, which could include partial tax deduction for expenses on clinical trials and future qualification for seven years of exclusivity in marketing.
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