In Usher Syndrome Type 2 Treatment Market report, a systematic investment analysis has been performed which forecasts impending opportunities for the market players. The statistical and numerical data that has been included in this market report is represented with the tables, graphs and charts which eases the understanding of facts and figures. A proficient data and excellent forecasting techniques used in this report are synonymous with accurateness and correctness. Usher Syndrome Type 2 Treatment Market report is a painstaking analysis of existing scenario of the market which covers several market dynamics. The market study of this global Usher Syndrome Type 2 Treatment Market business report takes into consideration market attractiveness analysis where each segment is benchmarked based on its market size, growth rate & general attractiveness.
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Market Analysis: Global Usher Syndrome Type 2 Treatment Market
Global Usher syndrome Type 2 treatment market is expected to grow at a substantial CAGR in the forecast period of 2019-2026. Emgerence of drugs used to treat risk associated with Usher syndrome such as goiter and high demand of disease specific novel therapies are the key factors that fueling the market growth
Key Market Players:
Few of the major competitors currently working in the global Usher syndrome type 2 treatment market are ProQR Therapeutics, Editas Medicine, Nobelpharma Co., Ltd, Sensorion, Advanced Bionics AG, MED-EL Medical Electronics, Cochlear Ltd, Sonova, GAES, Demant A/S, Nurotron Biotechnology Co. Ltd, GN Store Nord A/S, Amplifon, Audina Hearing Instruments, Inc, Elkon Pvt. Ltd, Rion Co. , Ltd, Starkey and others.
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Market Definition: Global Usher Syndrome Type 2 Treatment Market
Usher syndrome is formally known as Hallgren syndrome is a rare inherited genetic disorder caused by mutations in either of the gene called MYO7A gene, CDH23 gene, USH2A gene or CLRN1 gene. It is characterized by bilateral sensorineural hearing loss, progressive vision loss (known as retinitis pigmentosa) and in some cases vestibular dysfunction. Basically, these genes are important for the normal function and development of specialized cells called hair cells, which help to transmit sound and signals from the inner ear to the brain and maintenance of light-sensing cells in the retina.
According to the article published in the U.S. Department of Health and Human Services, an estimated prevalence of Usher syndrome is approximately 4-17 per 100,000 people and accounts for 50 percent of all hereditary deaf-blindness cases. Advancement in audiology aids and presence of refined healthcare infrastructure are the key factors that fueling the market growth
Usher Syndrome Type 2 Treatment Market Drivers:
- Special designation from the regulatory authorities to make approval faster is driving the growth of the market
- Advancement in cochlear implantation and hearing kits can improve the hearing is enhancing the market growth
- Huge financial support to the researchers for developing novel intervention is boosting the market growth
- High demand of disease specific novel treatment can also act as a market driver
Usher Syndrome Type 2 Treatment Market Restraints:
- Limited operating revenue opportunities for research and development of targeted therapies by many pharmaceuticals is acting as a challenging factor for the growth of this market
- Low healthcare budget in some developing countries is hamper the market growth
- Unaffordability and inaccessibility of cochlear implant to many underserve population can act as a restricting factor in the growth of this market
Segmentation: Global Usher Syndrome Type 2 Treatment Market
Usher Syndrome Type 2 Treatment Market : By Treatment
- Cochlear Implant
- Hearing Aids
- Vitamin A
Usher Syndrome Type 2 Treatment Market : By Route of Administration
Usher Syndrome Type 2 Treatment Market : By Diagnosis
- Genetic Testing
Usher Syndrome Type 2 Treatment Market : By End Users
- Specialty Clinics
Usher Syndrome Type 2 Treatment Market : By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
Usher Syndrome Type 2 Treatment Market : By Geography
- North America
- South America
- Middle East & Africa
Key Developments in the Market:
- In January 2019, ProQR Therapeutics received Fast Track designation from the FDA for QR-421a, RNA-based oligonucleotide for the treatment of Usher syndrome type 2. QR-421a has also received an Orphan Drug designation in the United States and the European Union. With Fast Track designation for QR-421a accelerates the review timelines and enhances interactions with the FDA, which can bring this potentially disease-modifying drug for patients with Usher syndrome as quickly as possible.
- In July 2019, Sensorion received the Investigational New Drug (IND) approval from the FDA to proceed with arazasetron besylate (formally known as SENS-401) for the treatment of sudden sensorineural hearing loss. This drug is also received an Orphan Drug designation in the Europe. With this IND approval, company can initial trials on human subject and if trial successful, SENS-401 could be a safe and effective treatment options for underserved patient population.
Reasons to Purchase this Report
- Current and future of global Usher syndrome type 2 treatment market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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