Galloway Mowat syndrome market is expected to gain market growth in the forecast period of 2022-2029. Data Bridge Market Research analyses the market to account to grow at a CAGR of 6% in the above mentioned forecast period.
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Galloway-Mowat syndrome is a neurodegenerative condition with a wide range of developmental and physical defects. Microcephaly, developmental delay, seizures, nephrotic syndrome, hiatal hernia, optic atrophy, mobility difficulties, and intellectual incapacity are some of the signs and symptoms. Other physical anomalies could be present as well. Galloway-Mowat syndrome is inherited in an autosomal recessive manner and may be caused by alterations in the WDR73 gene. Affected children rarely live through their first few years of life. The treatment is tailored to the individual's exact signs and symptoms.
The rise in the prevalence of Galloway Mowat syndrome will act as major driver that will results in the expansion of market’s growth. Another significant factor influencing the growth rate of Galloway Mowat syndrome market is the rising healthcare expenditure. Furthermore, advancement in the medical technology, rising initiatives by public and private organisations to spread awareness and growing government funding are the factors that will expand the Galloway Mowat syndrome market.
North America dominates the Galloway Mowat syndrome market due to the presence of major key players, high disposable income and well-developed healthcare infrastructure in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the increasing patient pool, rising investment in the healthcare sector and growing government support.
Moreover, the rise in the research and development activities and launch of effective therapies will provide beneficial opportunities for the Galloway Mowat syndrome market in the forecast period of 2022-2029. Also, high unmet need of current treatment and developments in healthcare technology will escalate the growth rate Galloway Mowat syndrome market in future.
Some of the major players operating in the Galloway Mowat syndrome market are Allergan, Merck & Co., Inc., Pfizer Inc., GlaxoSmithKline plc, Melinta Therapeutics LLC, Basilea Pharmaceutica Ltd., Tetraphase Pharmaceuticals, Paratek Pharmaceuticals, Inc., Nabriva Therapeutics plc, Spero Therapeutics, Abbott, F. Hoffmann-La Roche Ltd., Mylan N.V., Teva Pharmaceutical Industries Ltd., Sanofi, Novartis AG, Bayer AG, Sun Pharmaceutical Industries Ltd., Lilly, Aurobindo Pharma, SHIONOGI & Co., Ltd., AbbVie Inc., Cumberland Pharmaceuticals Inc., and Eli Lilly and Company, among others.
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