Skip to main content

Cutaneous Mastocytosis Market to Represent a Significant Expansion at US$ 300 Mn During 2018-2026

Demand for Cutaneous Mastocytosis Treatment to Surge with Notably Improving Early Diagnosis Rate, Finds PMR
According to the latest research study by Persistence Market Research, the global cutaneous mastocytosis treatment market value is projected to exceed US$ 300 Mn by the end of 2026. The report also projects significant growth potential for the cutaneous mastocytosis treatment market throughout the forecast period, 2018-2026.
The global diagnosis rate as well as treatment-seeking rate of cutaneous mastocytosis is increasing rapidly, which is cited as a major factor driving the growth of the cutaneous mastocytosis treatment market over the forecast period.
Increasing Awareness about Disease Symptoms Driving Demand Growth
Various organizations are making an extended effort to spread awareness about rare diseases such as cutaneous mastocytosis. The families of patients are trying to spread information through various social platforms, and support groups. Numerous advocacy groups are educating the general population about cutaneous mastocytosisand its treatment options.
Many controlled studies are being carried out to evaluate the actual epidemiology of the disease in different parts of the world. After the WHO updated the classification, diagnosis, and treatment approach in 2016, various countries implemented the same guidelines to improve uniformity in the diagnostic and treatment approach.
Evaluation of Novel Drug Molecules Trending among Key Companies
Several pharmaceutical manufacturers are planning to evaluate effectivity of different molecules for the treatment of cutaneous mastocytosis. A few manufacturers are already evaluating drug molecules for the treatment of cutaneous mastocytosis, and a few are seeking approvals from regulatory bodies for commencing clinical trials.
In November 2018, GT Biopharma received FDA clearance for the human phase study of First-in-Class Tri-Specific Killer Engager (TriKE), GTB-3550, for the treatment of mastocytosis. Similarly, Corbus Pharmaceuticals Holdings, Inc., a clinical phase company, is developing the drug JBT-101 for cutaneous mastocytosis treatment. That apart, various studies are being carried out by different companies for the evaluation of the effectivity of Masitinib (approved for Systemic Mastocytosis) for the treatment of cutaneous mastocytosis.
Request For Report Table of Content (TOC)@ https://www.persistencemarketresearch.com/methodology/20869
The company has segmented the global cutaneous mastocytosis treatment market based on drug class, route of administration, indication, distribution channel, and region.
  • In terms of revenue, the antihistamines segment by drug class in the cutaneous mastocytosis treatment market is expected to be the dominant segment over the forecast period.
  • By route of administration, the oral segment in the cutaneous mastocytosis treatment market is expected to be the most lucrative segment during the forecast period.
  • By indication, the maculopapular cutaneous mastocytosis segment in the cutaneous mastocytosis treatment market is expected to hold a significant share over the forecast period.
  • By distribution channel, the retail pharmacies segment is expected to be the most lucrative segment in the cutaneous mastocytosis treatment market.
  • By region, the North America cutaneous mastocytosis treatment market is among the most lucrative region in the global cutaneous mastocytosis treatment market.
Augmenting R&D Investments & Favorable Reimbursement Scenario Fueling Market Growth
Increasing spending on the management of rare diseases by manufacturer as well as patients is expected to fuel the growth of the cutaneous mastocytosis treatment market. Growing research and increasing R&D funding are expected to result in increased treatment options for cutaneous mastocytosis in the coming years, driving the growth of the cutaneous mastocytosis market. In 2016, 41.0% of new drugs approved by the FDA were orphan drugs that treat rare diseases. The seven-year market exclusivity, waive on millions of dollars in fees, as well as drug development expenses further encourages manufacturers to invest highly in rare diseases treatment market, which, in turn, is expected to drive the growth of cutaneous mastocytosis treatment market.
A favourable reimbursement scenario for rare disease treatment is further expected to enhance revenue generation in cutaneous mastocytosis treatment market. The patient pool affected by cutaneous mastocytosis is children up to the age of 14 years - over 65% to 70% of total cases. In countries such as the United Kingdom, there is close to 100% reimbursement in most of cases for patients below 2 years of age, in cases of rare diseases such as cutaneous mastocytosis. The National Health Service (NHS) of the U.K. is undergoing substantial reforms for further improvements.
The report also profiles some of the key companies operating in the cutaneous mastocytosis market, such as Bausch Health Companies Inc., Pfizer Inc., Merck & Co. Inc., Mylan NV, Teva Pharmaceutical Industries Ltd., Sanofi S.A., Johnson & Johnson, Novartis AG, Bayer AG, Mallinckrodt Pharmaceuticals, EPI Health, LLC, and Kaleo Inc.
Know More About Report@ https://www.persistencemarketresearch.com/market-research/cutaneous-mastocytosis-market.asp
Labels:

Comments

Post a Comment

Popular posts from this blog

Collaborative Robot (Cobot) Market Insights Deep Analysis 2022-2030

  With the advancements in technology, robotics is becoming available at a price that suits the pockets of even smaller as well as bigger companies. All thanks to the development of low-cost components, which have paved way for the   upsurge of the collaborative robots or cobots  .Collaborative robots are intended to collaborate with humans at work sites, and hence making automation a trouble-free job for businesses of all sizes. By now, cobots have been seen as a game-changer for a wide variety of applications. W hy cobots over traditional robots? The new robotics technology is outdoing the weighty, daunting robots usually locked in the cages for security reasons. Now, it’s time to make use of cobots in those heavy industrial tasks! These robots are quite affordable, safe, and flexible to deploy. They are programmed to work in collaboration with humans and not under humans—unlike traditional robots. With these advanced-automated robots, you can forget the cages and make ...
Post a Comment
Read more

Contactless Payment Market size share growth analysis market demand

  Contactless payment, also called as a tap-and-go system is a secure mode where the transactions are done using technologies such as NFC (near field communication), RFID (radio frequency identification), infrared, and bluetooth. Contactless payment is hassle-free and convenient for customers as it takes only one-tenth of the time taken by the old-style electronic transaction.Contactless payment is becoming popular owing to its benefits such as secure and fast payments without any need for cash or identifying details. Initially, these type of payments or cards were used for the purpose oftravelling tickets only. But today, this technology has evolved and is helping customers to make payments for almost anything. However, the permissible amount for a contactless payment varies by country and by the bank. Access to PDF Sample Report Here! @  https://www.researchdive.com/download-sample/181 Recent Developments in the Contactless Payment Industry As per a Research Dive blog, ...
2 comments
Read more

Development: Aerospace 3D Printing Market Strategy Planning by Top Manufacturers

  Aerospace 3D Printing Market Analysis 2026: According to a study of the Research Dive,  aerospace 3D printing market  forecast shall cross  $5,933.4 million by 2026 , growing at a  CAGR of 26.8%  during forecast period. Aerospace 3D printing is primarily used to increase the efficiency of A&D supply chain, reduction of storage costs of inventory and waste production materials. Furthermore, the Aerospace 3D printing industry is focusing more on creating parts of aircraft that are lighter and stronger than parts made by using traditional manufacturing. Astonishing advantages of 3D printings in the supply chain of the aerospace and defense industry are projected to surge in the global market. In addition, the financial support provided by the government and non-government organizations across the globe is also driving the 3D printing in aerospace industry. For instance,   National Aerospace Technology Exploitation Programme grants £140,000 funds for...
Post a Comment
Read more