The market insights of the global Myositis Treatment market report helps with the successful launch of new product. With this report, it gets easy to attain information about customer demographics which forms the core of any business. However, it is made sure that customer information is kept secret. The report efficiently gathers, analyzes and interprets information about a market, about a product or service to be offered for sale in that market. Potential customers for the product or service and their characteristics, spending habits, location and needs of the business’s target market, the industry as a whole, and the particular competitors faced are also studied in this Myositis Treatment report.
GLOBAL MYOSITIS TREATMENT MARKET IS RISING GRADUALLY WITH A SUBSTANTIAL CAGR OF 8.1% IN THE FORECAST PERIOD OF 2019-2026. HIGH PREVALENCE OF MYOSITIS AND RISING AWARENESS ABOUT THE DISEASE AND ITS AVAILABLE TREATMENT OPTIONS ARE SOME FACTORS THAT ARE EXPECTED TO DRIVE THE MARKET GROWTH.
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Key Market Players:
Few of the major competitors currently working in the global myositis treatment market are Corbus Pharmaceuticals Holdings, Inc., Milo Biotechnology, CytRx Corporation, Pfizer Inc., Novartis AG, IDERA, Inc., Genentech, Inc.,., Merck & Co., Inc., AbbVie Inc., GlaxoSmithKline plc., Mallinckrodt, Bausch Health, Akorn, Sanofi, Promega , AstraZeneca, Amgen Inc. among others.
- Rising geriatric population and emerging cases of muscle inflammation acts as a market driver
- Rising awareness about the disease and available treatments and therapies contributes in market growth
- Strong pipeline of novel drugs will also boost the growth of market
- Unavailability of effective treatments for different types of myositis such as inclusion body myositis (IBM) can hinder the market growth
- High cost associated with treatment of myositis also acts as a market restraint
- Lack of healthcare budget in some middle income countries is a factor restricting the market growth
Key Developments in the Market:
- In July 2018, Corbus Pharmaceuticals Holdings, Inc. received the Orphan Drug designation from the U. S. FDA for lenabasum, its novel endocannabinoidmimetic drug used for treatment of patients with dermatomyositis. This grant gives special status and a seven-year marketing exclusivity to the drug for treatment of the rare diseases such as dermatomyositis
- In October 2016, Milo Biotechnology received the Orphan Drug designation from the U. S. FDA for AAV1-FS344, a follistatin protein product used for treatment of patients with inclusion body myositis by increasing muscle strength and function. A special status is benefited to the company for a seven years marketing exclusivity
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Segmentation: Global Myositis Treatment Market
(Inclusion-Body Myositis, Polymyositis, Dermatomyositis, Others),
(Muscle Biopsy, Electromyography, Myositis Specific Antibody Panel Blood Test, Genetic Testing, Others),
(Exercise and Physiotherapy, Steroid Medication, Intravenous Immunoglobulin Therapy, Others),
Route of Administration
(Oral, Injectable and Others),
(Hospitals, Homecare, Specialty Clinics, Others),
(Hospital Pharmacy, Online Pharmacy, Retail Pharmacy, Others),
(North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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Reasons to Purchase this Report
- Current and future of global myositis 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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