Fact.MR, a global research & consulting firm, in their latest edition of the report, indicated that the cephalic disorders treatment market is poised to witness a steady growth in 2021 and beyond.
Fact.MR, a global research & consulting firm, in their latest edition of the report, indicated that the cephalic disorders treatment market is poised to witness a steady growth in 2021 and beyond. Growing cases of cephalic disorders as a result of nutritional deficiencies, genetic and environmental exposure to radiation or infection amid gestation is fuelling the market growth. Grants for research, tax incentives along with other provisions by governments for rare ailments are other aspects fuelling the cephalic disorder treatment industry growth.
“Development of per capita income and healthcare infrastructure is additional trend fuelling the global cephalic disorders treatment market. Growing awareness and expansion in technologies for instance genetic surgery and testing are driving rapid market adoption for the cephalic disorders treatment industry.” states Fact.MR.
Rising provisions for free and compulsory screening of newborns Propels Demand
Growing prevalence of genetic or hereditary conditions or by environmental exposures amid pregnancy for instance medication taken by the mother, exposure to radiation, or maternal infection is offering industry growth in the forthcoming years. The rising provisions and screening for free and compulsory screening of newborns under the Medicaid and Children’s Health Insurance Program (CHIP) is a key driver of the cephalic disorder treatment industry.
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Will Anencephaly Continue to Contribute Majorly to the Industry?
Anencephaly treatment is anticipated to accounts for the biggest market share of cephalic disorders. With growing prevalence of anencephaly, around 1,000-2,000 babies are born with anencephaly every year in the U.S.
The anencephaly diagnosis might be made amid pregnancy. Tests done amid pregnancy to see for anencephaly incorporate blood test, prenatal ultrasound and amniocentesis.
The US Holds Largest Industry Share
The US is likely to hold the biggest share as a result of an exceptional reimbursement rate, huge healthcare cost and mandatory screening under the affordable healthcare act. The provision of rapid approval by the FDA will fuel better research in the area.
China and India is projected to grow rapidly, as a result of the growth of the healthcare sector and economic growth. Germany, U.K., and France will account for the second biggest market and grow at a notable pace, due to the incentives by European Council.
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The GCC, and S. Africa will be skewed in favour of the gulf economies of Qatar, Kuwait, and Saudi Arabia.
Research & Development and Partnership will Organisations and Hospitals Remain Key Focal Areas: Fact.MR Survey
The cephalic disorders treatment market appears consolidated with some large companies dominating the landscape. Fact.MR’s survey indicated that the leading companies are engaged in research and development and partnership with big organizations and hospitals to eradicate the huge development cost of drug research in 2021 and beyond. The latest edition of the report offers comprehensive coverage of the anticipated to remain the significant strategies of companies. A few of the key companies profiled in the report are Widex A/S, Sonova Holding AG, Oticon, GlaxoSmithKline plc, Abbott Laboratories, Novartis International AG, Pfizer Inc., Sanofi S.A., and Takeda Pharmaceutical Company Ltd. The latest edition also provides a thorough analysis of the COVID-19 impact on this market.
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Source: Fact.MR