Spina bifida & hydrocephalus are two rare forms of disease, for which, there are unfortunately no cures but preventive measures are available. Spina bifida is a malformation of the spinal cord that generally occurs during the early stages of pregnancy and hydrocephalus is the abnormal accumulation of cerebrospinal in the cavities of the brain. These conditions are birth defects, which usually caused from the failure or closing of the neural tube during the early fetal development and might result in nerve damage, increase in intracranial pressure in the inside of the skull, convulsions, blindness, and mental disability.
COVID-19 Impact Analysis
Pharmaceutical and biotech companies together with governments globally are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges.
Currently, about 115 vaccine samples 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 drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of 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 Spina bifida & hydrocephalus market.
Top Impacting Factors
- The increase in the number of cases of neurological and congenital diseases are some of the key factors that drive the spina bifida and hydrocephalus market growth.
- The rise in technological advancements to control the flow of cerebrospinal fluid along with increase in the government support towards R&D in the healthcare sector also help in the growth of the spina bifida and hydrocephalus market.
- The rise in technological advancements in hydrocephalus shunt and modernization of the life science department with support from local as well as national bodies are expected to create new opportunities for the spina bifida and hydrocephalus market in the coming years.
- However, majority of the cases go undiagnosed and untreated in many developing countries, which is anticipated to hinder the growth of the spina bifida and hydrocephalus market.
Market Trends
New Product Launches to Flourish SPINA Bifida & Hydrocephalus Market
In 2020, Alcyone Lifesciences received the approval of the Food and Drug Administration (FDA) to relaunch the ReFlow shunt system to treat hydrocephalus.
In 2021, UC Davis Health started a clinical trial with the approval of the FDA, known as the CuRe Trial, which is a cellular therapy to treat spina bifida.
Key Benefits of Report
- This study presents the analytical depiction of the spina bifida and hydrocephalus industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the spina bifida and hydrocephalus market share.
- The current market is quantitatively analyzed to highlight the spina bifida and hydrocephalus market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed spina bifida and hydrocephalus market analysis based on competitive intensity and how the competition will take shape in coming years
Questions Answered in SPINA Bifida & Hydrocephalus Market Report
- Who are the leading players active in the spina bifida and hydrocephalus market?
- What are the current trends that will influence the spina bifida and hydrocephalus market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What is spina bifida and hydrocephalus?
- What is the spina bifida and hydrocephalus market prediction for the future?
SPINA Bifida & Hydrocephalus Market Report Highlights
| Aspects | Details |
 By Disease Type |
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 By Treatment |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | Boston Scientific Corporation, FUJIFILM Corporation, Cook, Medline Industries, Inc., Olympus Corporation, C.B. Fleet Company, KARL STORZ SE & Co. KG, B. Braun Melsungen AG, BD, Medtronic, Covidien |
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