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Albinism generally preferred to oculocuntaneous albinism which is group of disorders having no production of pigment melanin. People who suffer from albinism have vision, skin, and hair problems. Symptoms of albinism are verified through person’s skin, eye, and hair color. These people are sensitive to sun light and skin is prone to cancer. Nitisinone is used for treatment of hereditary tyrosineamis type 1 that helps to decrease plasma tyrosine levels and hair & eye pigmentation. Moreover, these drug can also be effective in ocular alninism.
COVID-19 Impact Analysis
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future owing to the demand for vaccine and treatment drugs for COVID-19. This in turn is expected to have a significant impact on the albinism drugs market.
Top Impacting Factors
Market Trend
R&D Activities to Launch Novel Albinism Drugs
In 2019, a study was published on albinism by PubMed suggest that Nitisinone help to protect skin and prevent vision problems in albinism patients. Moreover, it helps to improve eye vision in albinism patients.
In 2018, a study by Stringer shows that as per clinical trials L-DOPA treatment in albinism patient help to improve vision quality.
Key Benefits of the Report
Questions Answered in the Albinism Drugs Market Report
Key Market Segments
Key Market Players