Centogene AG, GeneDx, Ixchel Pharma, Khondrion BV, Mitobridge, NeuroVive Pharmaceutical AB, Reata Pharmaceuticals Inc., and Stealth Biotherapeutics, are some of the leaders driving the Global Mitochondrial Myopathy Diagnosis & Treatment Market. Profiling those in its analysis MRFR finds out their strategies that place them at the forefront of completion.
Mitochondrial Myopathy Diagnosis & Treatment Market - Overview
Mitochondrial Myopathy (MM) disease refers to the major muscular problems, caused by changes or mutations in genes. Hence, understanding the genetic defects that cause MM opens up the possibility of developing treatments for this disease. There have been many novel medicines & therapies developed to treat symptoms of MM. Unfortunately, these treatable symptoms of Mitochondrial Myopathy are often the most life-threatening complications.
Many of the genetic defects that cause this disease have been identified; animal models are created and used to knowledge them. Although MM is relatively rare & a genetic defect, some of its risk factors like heart problems, seizures, and diabetes are fairly prevailing in the general population. Therefore, adopting a healthy lifestyle certainly does help to ease the conditions.
Researches to fully understand and treat the diseases have achieved significant progresses. In one of the unique progress is experimenting with infusing donor stem cells into patients with MNGIE disease, is expected to restore normal metabolic conditions and halt damage to the mitochondria. Many such researches undergoing simultaneously, define the growth the Mitochondrial Myopathy Diagnosis & Treatment market perceives today.
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Acknowledging the exponential growth the market perceives currently and gauging the potential the market holds to grow in the future; Market Research Future (MRFR), in its recently published market forecast asserts that the global Mitochondrial Myopathy will grow to USD 33.6 million by 2020, registering a striking ~ 9.82 % CAGR throughout the forecast period (2017 – 2020).
In addition to the prevalence of MM disease with the prevailing chronic diseases like diabetes and heart problems, other factors contributing the market growth include increasing population & urbanization along with the growing awareness about the treatments of MM, across the world. Improving economic conditions that enable access to the quality life & to the improved healthcare worldwide are providing impetus to the market growth.
Technological advancements transpired in the medical science backed by the substantial investments in the R&D activities for the innovation & development of the medical devices, treatments & medicines foster the market growth of MM, excellently. However, factors like unmet medical needs & drug resistance along with the high cost associated with the treatments are anticipated to restrict the market growth. Nevertheless, technological advancements transpired in the healthcare are expected to foster the market growth.
Mitochondrial Myopathy Diagnosis & Treatment Market - Competitive Analysis
The global market of Mitochondrial Myopathy Diagnosis & Treatment appears to be fiercely competitive with the several well-established and small players operating in the market. These players incorporate collaboration, acquisition, expansion, strategic partnership, & technology launch. Top players are investing heavily in R&D and clinical trials to develop effective drugs.
Industry/Innovation/ Related News:
April 18, 2018 – NeuroVive Pharmaceutical AB (Sweden), one of the leading global companies in mitochondrial medicine announced that its investigative compound NV556 has proven to be having therapeutic potential for the treatment of mitochondrial myopathy. Recently the company had conducted a preclinical study in collaboration with researchers at KarolinskaInstutet (Sweden) one of the world's leading medical universities. The Investigative Compound NV556, demonstrating the d promising results, was proven to be a breakthrough treatment for the mitochondrial myopathy in animals compared to placebo.
October 07, 2017 – Stealth BioTherapeutics (US), a leading clinical-stage biopharmaceutical company announced that FDA has granted orphan drug status to its elamipretide (Bendavia), an investigational medicine for the treatment of PMM (primary mitochondrial myopathy).
Mitochondrial Myopathy Diagnosis & Treatment Market - Segmentations
Global Mitochondrial Myopathy Diagnosis & Treatment Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
By Types: Comprises - MELAS (Mitochondrial Encephalomyopathy, Lactic Acidosis, &Stroke-Like Episodes), PEO (Progressive External Ophthalmoplegia), MERRF (Myoclonic Epilepsy with Ragged Red Fibres), MNGIE (Mitochondrial Neurogastrointestinal Encephalopathy Syndrome), KSS (Kearns–Sayre syndrome), MDS (Mitochondrial DNA Depletion Syndrome), NARP (Retinitis Pigmentosa), Pearson Syndrome, Neuropathy, Leigh Syndrome, and Ataxia.
By Diagnostic Tests: Genetic Tests, Muscle Biopsy and Biochemical Test among others.
By Therapies: Supportive Therapy and Targeted Therapy among others.
By Regions: Europe, North America, APAC and Rest of the World.
Mitochondrial Myopathy Diagnosis & Treatment Market - Regional Analysis
Globally North America leads the global market of Mitochondrial Myopathy Diagnosis & Treatment with the largest market share. The North American market is expected to grow to USD 116.7 million by 2020 at a CAGR of 19.39% during 2016 to 2020. This growth attributes to the favourable reimbursement scenario and greater expenditure on healthcare. The rapid uptake of new technologies in the US is also an important driver for the regional market growth.
Europe is expected to be the second-largest market for Mitochondrial Myopathy Diagnosis & Treatment which is expected to grow at a considerable CAGR. Improving economy in the region is expected to foster the regional market growth.
While Asia Pacific market for the Mitochondrial Myopathy Diagnosis & Treatment is expected to perceive the growth of USD 4.4 million by 2020 at a CAGR of 9.94% during 2016 to 2020. The market growth will be led by China and India owing to the huge population and the availability of low-cost drugs for the treatment. Moreover, the fastest growing healthcare sector coupled with the large unmet needs over the forecast period will provide impetus to the market growth. Vietnam, Thailand, and Malaysia among the other South East Asian countries are projected to contribute significantly to the regional market growth. Besides the growing penetration of healthcare insurance is expected to drive the Mitochondrial Myopathy Diagnosis & Treatment market in the in the Asia Pacific region.
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