Thursday 30 November 2017

Vascular Grafts Market, By Product Type, End User - Industry Insights, Trends, Outlook and Opportunity Analysis, 2025

Vascular Grafts are medical devices used to bypass the infected or diseased blood vessels. Vascular grafts are required to replace injured blood vessels, veins, and arteries and to substitute hard blood vessels or valves. Blood flow is redirected from one place to another by introducing a graft with the help of surgical reconstruction process. These grafts can be synthetic, semi-synthetic or taken from the patient’s body.

Vascular grafts are majorly used in treatment of cardiovascular diseases by surgical procedures such as bypass grafting. The graft is taken from the patient’s body and surgically inserted at the required site to bypass the damaged or diseased blood vessels. Factors such as smoking, high blood pressure, atherosclerosis, and diabetes lead to chronic heart diseases in turn increasing the demand for effective and life sustaining treatment. Bypass surgeries are performed in patients suffering from coronary artery diseases, angina pectoris, heart attack, atherosclerosis, diabetes, and multiple heart artery blockages.

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Rising prevalence of coronary artery diseases is expected to boost the growth of vascular grafts market

According to Centers for Disease Control and Prevention (CDC) in 2016, approximately 8.5 million people in the U.S. had peripheral arterial diseases with healthcare costs accounting for US$ 21 billion annually. Increasing requirement for treatment with bypass surgeries is expected to boost the growth of vascular grafts market.

Age is also a risk factor for coronary artery diseases. In 2015, around 44 million people over age 60 were suffering from coronary artery diseases in the U.S. according to American Heart Association (AHA). Furthermore, according to the AHA in 2017, around 92 million American adults are suffering from cardiovascular diseases, which is expected to fuel the growth of vascular grafts market.

According to National Health Service (NHS) in England, around 20,000 coronary bypass surgeries are carried out annually, which is expected to rise due to changing lifestyle habits leading to chronic cardiovascular diseases, in turn rising demand for the treatment.

Factors such as increasing geriatric population, increasing diabetes prevalence leading to heart diseases, and unhealthy lifestyles are expected to increase the prevalence of cardiovascular diseases, in turn boosting the growth of bypass surgeries and vascular grafts market. Complications in the bypass surgery such as bleeding, arrhythmias and stroke are the restraining factors for the market.

Vascular Grafts Market Taxonomy

Advancements in graft materials and surgery techniques such as off-pump CABG surgery are driving the growth of vascular grafts market. The global vascular grafts market is segmented on the basis of product type, application, material, end user, and geography.

On the basis of product type, the global vascular grafts market is segmented into:
  • Endovascular Stent Graft
  • Hemodialysis Access Graft
  • Bypass Graft
  • Peripheral Vascular Graft
  • Others
On the basis of application, the global vascular grafts market is segmented into:
  • Coronary Artery Disease
  • Vascular Occlusion
  • Renal Failure
  • Aneurysm
  • Others
On the basis of material, the global vascular grafts market is segmented into:
  • Synthetic
  • Teflon
  • Nylon
  • Dacron
  • Others
  • Biological
  • Bovine Vein
  • Saphenous Vein
  • Others
  • Biosynthetic
  • Ovine Collagen with Polyester
  • Others
On the basis of end user, the global vascular grafts market is segmented into:
  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Others

Regional segmentation of the vascular grafts market by Coherent Market Insights comprises North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. North America region is expected to dominate the market due to increasing prevalence of lifestyle diseases especially cardiovascular disease, skilled medical professionals coupled with insurance facilities, and increasing geriatric population, which is at a high risk of cardiovascular diseases. Asia Pacific region is expected to show the highest growth rate in the market during the forecast period due to factors such as improving healthcare facilities, increasing awareness towards heart diseases, and increasing diabetes prevalence. In India vascular grafts market is expected to show highest growth rate due to factors such as large customer base, rising awareness through government programs such as World Heart Day, and increasing life expectancy. In 2015, around 30 million people were suffering from cardiovascular diseases in India and the number is expected to increase over the forecast period.

Key players operating in the vascular grafts market include Medtronic Plc., Vascutek Ltd, W.L. Gore & Associates, Inc., B. Braun Melsungen AG, Terumo Medical Corporation, Artegraft, Bard Peripheral Vascular Inc., LeMaitre Vascular Inc., and Heart Medical Europe BV.

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Friday 24 November 2017

Pressure Bandages Market, By Product, Technology, and End User - Opportunity Analysis, 2025

Leg ulcer is one of the most common ailments among the adult population. It is a fault in the skin of the lower portion of the leg with slow or no healing propensity of a wound over a period of 3 months. Simply put, a leg ulcer is a rupture in the leg skin, which permits bacteria and air to permeate into the fundamental or underlying tissue. Leg ulcers are usually caused by injury that breaks the skin.

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The management of chronic leg ulceration include a variety of compression therapies such as garments such as bandages and stockings and intermittent pneumatic. Pressure bandages falls under the category of compression garment that aids in faster healing and controlling infection of wounds, while prevention of excessive blood loss as well. Compression bandages also called pressure bandages, are a kind of field dressing used to apply pressure to a wound. These are usually wrapped around the wound and are then pulled tight to maximize the pressure applied in the area. Pressure bandages are usually used in situations where instantaneous first aid is necessary to protect one’s health. They are wrapped around the lower limb to apply a desired pressure that offers a degree of firmness directly to the wound. Pressure bandages are predominantly used for treating venous leg ulcers, swelling, oedema, sprains, and other lymphatic conditions.

One of the important factors is to apply the pressure bandage carefully or else it can lead to a several complications such as tourniquet negative effect and decrease blood pressure. The primary symptoms of leg ulcer are friable granulation, cramps in the calves, skin discolorations and dermatitis. Around 2 to 3 million people in the U.S. are identified with chronic wounds each year, according to the Wound Healing Society (a scientific group focused on wound healing). The rising prevalence of chronic leg ulcer will lead to an increase in demand for pressure bandages during the forecast period.

Pressure Bandages market Taxonomy

On the basis of product type, the global market is classified into:
  • Long Stretch or Elastic Bandages
  • Multi-component Multilayer Bandage Systems (MLBs)
  • Short Stretch or Low-elasticity Bandages
On the basis of raw material, the global market is classified into:
  • Cotton Fabric
  • Latex
  • Polymer
  • Fiber
The elastic or long stretch bandages held a significant market share in the global pressure bandages market. High elasticity of over 100% and its high extensibility that can apply constant pressure to the wound directly, are some of the factors responsible for the dominance of the segment in the global pressure bandages industry. These pressure bandages are usually recommended for stationary patients who are incapable of activating their calf-muscle pump. Multi-component multilayer bandages act as an alternative to long elastic pressure bandages. They deliver constant and consistent compression for managing lower leg ulcers.

Growing prevalence of chronic leg ulcer and increase in the geriatric population will drive the overall pressure bandages market

An independent study available in Hindawi Publishing Corporation (a commercial publisher of technical, scientific, and medical literature) revealed that 1% of the overall adult population suffers from chronic leg ulceration and it affects 3.5% of people older than 65 years. North America accounted for the maximum share in the global pressure bandages market, followed by Asia Pacific. This is mainly attributed to high prevalence of chronic leg ulcers, presence of large number of manufacturers of pressure bandages, developed healthcare facilities, and increase in research related activities.


The emerging economies of India and China in Asia Pacific hold enormous potential for growth of the market due to the presence of large elderly population, considerable growth in private & public hospitals and drug stores, growing per capita income coupled with growth in healthcare expenditure. This region is expected to grow at a maximum rate in the global pressure bandages market over the course of the forecast period.

Some of the companies operating in the pressure bandages market in the current scenario are BSN medical, 3M, Johnson & Johnson, Lohmann & Rauscher, Smith & Nephew, and Covidien. Some of the other companies operating in the market are Datt Mediproducts Private Limited, Moore Medical LLC, Mölnlycke Health Care, Dynamic Techno Medicals and Paul Hartmann Pty. Ltd.

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Tuesday 14 November 2017

Endoscope Reprocessing Device Market, By Product, Technology, and End User - Opportunity Analysis, 2025

Endoscope reprocessing devices are used in the healthcare settings for the reprocessing procedures of the endoscopes. The endoscope reprocessing devices are used to decontaminate the instruments and devices such as duodenoscopes, endoscope accessories, and others. Endoscope reprocessing devices are Class II devices cleared through the premarket notification by the Food and Drug Administration (FDA). The devices are designed to inhibit microorganisms in or on reusable endoscopes by exposing their outside surfaces and interior channels to chemical solutions. Moreover, the endoscope reprocessing devices reduce staff exposure hazards associated with aldehyde-based solutions, thus granting major safety advantage for the adoption and usage of endoscope reprocessing devices.

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Rising adoption of the innovative automated endoscope reprocessors in the healthcare settings to augment the growth of endoscope reprocessing market

The rise in adoption of endoscope reprocessors in hospitals for infection prevention and control and the emergence of automated endoscope reprocessors (AER) in the healthcare settings is expected to fuel the growth of the global endoscope reprocessing device market over the forecast period. The AERs can enhance the reliability and consistency of endoscope reprocessing by standardizing several important reprocessing steps, thereby reducing the possibility of human error. The use of AERs reduces exposure of personnel to harmful chemical germicides, thereby minimizing the health problems attributed to reprocessing of endoscopes. Moreover, rising government concerns pertaining to patient safety and strong healthcare infrastructure support are the factors contributing to rise in global endoscope reprocessing device market. For instance, in 2015, the Centers for Disease Control and Prevention (CDC) has asked the Healthcare Infection Control Practices Advisory Committee (HICPAC) to issue guidelines for the improvement of facility-level training to ensure competency for endoscope reprocessing devices.

However, higher cost associated with the chemicals and consumables, infection risks after endoscopic reprocessing procedures, and complications associated with automated endoscope reprocessors are some of the factors restraining the growth of the global endoscope reprocessing market.

Global Endoscope Reprocessing Device Market Taxonomy

The global endoscope reprocessing device market is segmented on the basis of product type, modality, end user, and geography.

On the basis of product type, the global endoscope reprocessing device market is segmented into:
  • Ultrasonic washers
  • Pasteurizers
  • Washer-disinfectors
  • Sterilizers
  • Automated endoscope reprocessors (AERs)
  • Single basin automated endoscopic reprocessors
  • Double basin automated endoscopic reprocessors
On the basis of modality, the global endoscope reprocessing device market is segmented into:
  • Stand- alone endoscopic reprocessors
  • Bench top endoscopic reprocessors
On the basis of end user, the global endoscope reprocessing device market is segmented into:
  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers
Rising number of endoscopic procedures in North America is expected to dominate the endoscope reprocessing devices market

Regional segmentation of the endoscope reprocessing device market by Coherent Market Insights comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to dominate the endoscope reprocessing device market with the factors attributed to larger number of endoscopic procedures. According to the American Society for Gastrointestinal Endoscopy, 2016, approximately 20 million gastro intestinal endoscopic procedures are performed annually in the U.S. with the transmission rate of infectious agents with an estimated frequency of 1 out of 1.8 million procedures. Asia Pacific is expected to witness a drastic growth in global endoscope reprocessing device market, owing to the enhanced competition with the presence of top manufacturers and ageing population susceptible to frequent medical check-ups, thus creating a positive impact on the endoscope reprocessing devices market.


Launch of innovative automated reprocessing devices by the major players to accelerate the global endoscope reprocessing device market

The key players operating the endoscope reprocessing device market are STERIS Plc., Cilag GmbH International, Soluscope, ENDO-TECHNIK W.Griesat GmbH, Getinge AB, PENTAX Medical, Wassenburg Medical B.V., Steelco S.p.A., Medivators Inc., Johnson & Johnson, and Minntech Corp. The key players are mainly focused on product innovations and global expansion of the products to expand the market presence. For instance, the Getinge ED-FLOW AER (automated endoscope reprocessing) launched by Getinge Group in 2014, is the world's first true pass-through AER. The product two separate chambers and short cycles, which offers excellent capacity to reprocess 6 endoscopes per hour, providing solutions in large endoscopy departments.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Monday 13 November 2017

Laboratory Filtration in Health Care Market, By Product, Technology, and End User - Opportunity Analysis, 2025

Filtration has a wide laboratory-scale applications as it is used in various fields, such as research laboratories, microbial analysis, discovery and development of drugs and vaccines, and virus removal. Laboratory filtration is used in sample preparation prior to the analysis by using an instrumental analytical method such HPLC/UHPLC. Laboratory filtration is also used in instrument protection. For instance, hydrophobic filter in the pipette. Furthermore, analytical filtration are used in water quality testing to determine the microbial content of samples. Considering the wide application for laboratory filtration products, increase in the usage of analytical instruments, and introduction of advance filters is expected to drive the growth of laboratory filtration in healthcare market during the forecast period.

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Global Laboratory Filtration in Healthcare Market Taxonomy

The global laboratory filtration in healthcare market is segmented on the basis of product, technology, and end user

By Product
  • Filtration Assemblies
    • Microfiltration Assemblies
    • Reverse Osmosis Assemblies
    • Ultrafiltration Assemblies
    • Vacuum Filtration Assemblies
    • Others
  • Filtration Media
  • Filter Papers
  • Cellulose Filter Papers
  • Glass Microfiber Filter Papers
  • Quartz Filter Papers
  • Membrane Filters
  • Syringe Filters
  • Syringeless Filters
  • Capsule Filters
  • Filtration Microplates
  • Others
  • Filtration Accessories
    • Filter Holders
    • Filter Funnels
    • Filter Dispensers
    • Filter Flasks
    • Filter Housings
    • Cartridges
    • Vacuum Pumps
    • Seals
    • Other Accessories
By Technology:
  • Microfiltration
  • Ultrafiltration
  • Reverse Osmosis
  • Vacuum Filtration
  • Nano filtration
By End User:
  • Pharmaceutical & Biopharmaceutical Companies
  • Academic & Research Institutes
  • Hospital & Diagnostic Laboratories

Technological advancement is expected to boost the growth of the laboratory filtration in healthcare market

The laboratory filtration market has witnessed new product launches and innovative technologies. The technological advanced product provides high reliability and throughput as compared to conventional methods. For instance, Merck KGaA Durapore 0.22 µm hydrophilic Polyvinylidene fluoride (PVDF) membranes is used in endotoxins removal and is designed for sterile filtration. Durapore also provides high protein recovery with minimal loss of valuable product. Durapore is also used for filtration of lipids in small and large volume system. Reverse Osmosis systems is an another technique that provides various benefits and widely used in laboratories as it is a physical process, which does not uses regenerating chemicals and hence, provides excellent defense against viruses, pyrogens, and bacteria making reverse osmosis systems cost-effective technique. Technological advancements in filtration products have resulted in an increase in the adoption rate, which in turn is expected to result in growth of the laboratory filtration in healthcare market.

Increasing focus towards the development of biopharmaceutical molecules and the rising application of filtration techniques are expected to contribute for the growth of the laboratory filtration in healthcare market

Companies are developing advance products for the treatment of various diseases and to develop this molecules wide range of laboratory filters are used in clinical and research institutes, which are expected to increase the demand for laboratory filtration. For instance, Ultrafiltration (UF) are widely used for the removal of suspended solids like bacteria, high-molecular-weight molecules, and endotoxin. The robust ultrafiltration processes plays crucial role in the development of bio-pharmaceutical products. Cellulose nitrate membrane filters are prepared by the reaction of nitric acid and cellulose. This filters are widely used for the filtration of peptides and proteins in molecular biology. Thus, increasing use of filtration technique in research and development of molecules is expected to support the growth of the laboratory filtration in healthcare market.

The key players operating in the global laboratory filtration in healthcare market include Merck Millipore, 3M Purification, Inc., Thermo Fisher Scientific, Inc., Sigma-Aldrich, Pall Corporation, Cantel Medical Corp, Sartorius Group, Macherey-Nagel Gmbh & Co., and GE Healthcare.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Wednesday 8 November 2017

Implantable Medical Devices Market, By Product Type, By Application - Outlook, and Opportunity Analysis, 2025

The implantable medical devices are man-made devices that are placed inside or on the surface of the body to replace a missing biological structure or to support a damaged biological structure and to enhance an existing biological structure. The implantable medical devices are helping many patients to improve their quality of life through surgical procedures   The implants can be used in different body parts for numerous applications such as pacemakers, orthopedics, cardiovascular stents, neural prosthetics or drug delivery system, and defibrillators.. The surface of implantable medical devices is made up of biomedical materials such as titanium, silicone, or some other material depending upon the desired compatibility and application. Implantable medical devices can be removed when they are no longer needed or they can be placed permanently.

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Technological advancements in cardiac implant to drive the implantable medical devices market

New technology in the implantable medical devices with various benefits is the major factor driving the growth of the market. For instance, novel technology of patient specific implants using 3D technology and sculptural CAD, have numerous benefits over off-the-implants. Development of next generation devices, upsurge in regulatory approval for clinical trials, rise in neurological disorders in geriatric population, and improved clinical outcome are some of the other important factors that is helping in fuelling the growth of implantable medical devices market. The demand of implantable medical devices also increasing due to lack of alternative treatments for many severe disorders and injuries. The ability of implantable medical devices to reduce the treatment cost for many chronic disorders is expected to enhance the growth of implantable medical devices market.  However, the implantable medical devices market restraints due to the price pressure from insurance providers and government as they have tighten control over implantation costs.

Orthopedic implants segment holds the largest market share in implantable medical devices market

The global implantable medical devices market is segmented by material, by product, and by region

On the basis of material, implantable medical devices market is segmented into
  • Metallic
  • Ceramic
  • Polymers
  • Natural
On the basis of product type, implantable medical devices market is segmented into
  • Orthopedic Implants
  • Dental Implants
  • Breast Implants
  • Cardiovascular Implants
  • Intraocular lens
  • Others
On the basis of end user, the implantable medical devices market is segmented into
  • Hospitals
  • Ambulatory Surgical Centers
  • Others
Strong healthcare infrastructure and technological advancements are responsible for the growth of North America

Regional segmentation of implantable medical devices market by Coherent Market Insights comprises of North America, Latin America, Europe, Asia Pacific, Africa, and Middle East. North America dominates in the implantable medical devices market owing to the factors such as strong healthcare infrastructure, supportive reimbursement, rising geriatric population, awareness about medical assistance, technological advancements, and high purchasing power. Lack of alternative treatments for many chronic disorders and injuries are also helping the growth of implantable medical devices market in North America.  Increase in investment by government for healthcare sector, unmet medical needs, huge population base, are the major factors that might fuel the growth of the implantable medical devices market in Asia-Pacific.

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The cost effective and technologically efficient medical devices are helping the industry players to strengthen their position in implantable medical devices market

Key drivers operating the implantable medical devices market includes Abbott Laboratories, Boston scientific Corporation, Johnson & Johnson, Dentsply Sirona, Medtronic plc, Smith & Nephew plc, Stryker Corporation, Terumo Corporation, and Zimmer Biomet Holdings. The major players in the implantable medical devices market have improved manufacturing techniques, upgraded the current set of products to sustain in the highly competitive implantable medical devices market. Companies have launched cost-effective and technologically advanced medical devices to hold the position in the implantable medical devices market. For instance, the Micra TPS, world’s smallest pacemaker by Medtronic plc received U.S. FDA approval and CE mark approval in April 2015 that can be implanted directly into the heart with the help of a catheter.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Friday 3 November 2017

Medical Non-woven Disposables Market, By Product Type, Application - Industry Insights, Outlook, Opportunity Analysis, 2025

Healthcare workers are exposed to infected liquid droplets and aerosols that possess the risk of transmitting diseases such as hospital acquired infections (HSIs) and surgical site infections (SSIs). To avoid susceptibility of such contamination, healthcare workers use surgical face masks, gloves, gowns, caps, and shoe covers, which are produced by fabric foaming technology such as woven, non-woven and knitted. Non-woven surgical fabrics have been adopted by most hospitals, as they are disposable in nature. Such materials have been developed due to advancements in technology over the recent past.  Non-woven fabric forming technology is less costly than woven and knitted technology. The materials used for non-woven sheets include polypropylene, polyester, polycarbonate, polyethylene, and polystyrene. The filtration process of non-woven fabrics has various advantages over woven and knitted fabrics such as  its higher bacterial filtration efficiency, higher air permeability, no yarn slippage, lesser contamination risk , and lower manufacturing cost.

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Global Medical Non-woven Disposables Market Taxonomy

By product – On the basis of product type, the medical non-woven disposables market is segmented into:
  • Surgical product
  • Wound dressings
  • Incontinence product
Non-woven disposable products offers opportunities for favorable growth of the medical non-woven disposables market. Over the past decades, demand for polymeric nanofibers has tremendously increased, owing to its very large surface area to volume ratio. This exceptional property is suitable for application in medical textile products such as drug delivery systems, surgical face masks, and wound dressing.

Demand for technology offering high absorbent capacity and antimicrobial properties to help reduce chances of cross-contamination, is increasing in the manufacturing of non-woven fabrics. Microencapsulation technology offers immense opportunities to improve properties of medical textile. Suspension of microcapsule is formulated in the development of non-woven textile with prolonged antimicrobial activity.  The textile is then impregnated with microcapsules that are pressure-sensitive, which release the active ingredient upon pressure.

Momentive performance material, in 2011, launched NuWet 550 Hydrophilic silicone finish for non-woven medical disposables, it gives a long-lasting hydrophilic finish to non-woven fabrics such as diapers, surgical wipes. Silicone finish is employed in the medical industry help minimize the migration of water to unwanted areas during surgical processes.


Increasing prevalence of hospital acquired infections and improving hygienic habits among people to favor growth of the medical non-woven disposables market

Increasing prevalence of hospital acquired infections is one of the major factors driving growth of the medical non-woven disposables market. According to Centers for Disease Control and Prevention, in 2014, around 722,000 people contracted HAIs in acute care hospitals and around 75,000 patients suffering from HAIs died during hospitalization in the U.S. European Centre for Disease Prevention and Control, 2016, reported that from around 87337 patients admitted in the ICU for over two days, around 6995 patients were recorded with at least one HAI. Furthermore, CDC and the Association of State and Territorial Health Officials (ASTHO) have collaborated since July 2010, to ensure funding for basic elements of HAI program infrastructure at the federal, state, and local levels. Growing geriatric population has increased the demand for medical non-woven disposables, in turn, boosting growth of the market. Growing awareness regarding improved hygienic habits among the populace and introduction of new products in the incontinence segment are expected to fuel grow of the medical non-woven disposables market in the near future. High demand for surgical products in developed countries, has fueled growth of the incontinence and surgical product segments, in turn creating immense opportunities for growth of the global medical non-woven disposables market.

Major key players operating in the medical non-woven disposables market include Kimberly-Clark Corporation, Medline Industries, Inc., Paul Hartmann AG, Mölnlycke Health Care, Ahlstrom Corporation, Asahi Kasei Corporation, Medtronic, Inc., Svenska Cellulosa, Freudenberg & Co. KG, Aktiebolaget SCA, and Domtar Corporation.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Wednesday 1 November 2017

Lysosomal Acid Lipase Deficiency Treatment Market, by Therapy Type, Drug Type, Disease Indication 2025

Lysosomal acid lipase (LAL) deficiency is a rare inherited condition in which the body is not able to produce enough lysosomal acid lipase (LAL) enzyme, which is an important enzyme for breakdown of fatty materials namely cholesteryl esters and triglycerides. This results in building up of a large amount of fatty material in body organs, which include spleen, liver, and gut. The deficiency of LAL causes two autosomal recessive disorders, Wolman disease (WD) and Cholesteryl Ester Storage Disease (CESD). LAL deficiency is caused due to the genetic mutation in LIPA gene, which results in decrease or loss of Lysosomal Acid Lipase (LAL) enzyme.

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FDA approval of innovative drugs is expected to fuel the growth of Lysosomal Acid Lipase (LAL) Deficiency Treatment Market

The approval of innovative drugs by Food and Drug Administration (FDA) is expected to augment the growth of market. In 2015 the U.S. Food and Drug Administration (FDA) approved Alexion Pharmaceutical’s Kanuma(sebelipase alfa), an innovative enzyme replacement therapy (ERT). Kanuma is first approved therapy that treats the underlying cause of the disease. It is the only therapy for the treatment of LAL deficiency. As it is the only available therapy in market, kanuma is expected to have a significant market growth in the near future. According to the National Institute for Health and Care Excellence (NICE) 2016, around 50% of patients suffering from lysosomal acid lipase (LAL) deficiency have chances of liver complications, which includes cirrhosis or fibrosis and liver transplant. The increasing incidences of liver complications due to LAL deficiency is expected to increase demand for liver transplant, in turn fueling the growth of LAL deficiency treatment market over the forecast period. High cost and lack of awareness about diagnosis and treatment among people is the major restraint for the growth of Lysosomal Acid Lipase (LAL) Deficiency treatment market.

Lysosomal Acid Lipase (LAL) Deficiency Treatment Market Taxonomy

The global Lysosomal Acid Lipase (LAL) deficiency treatment market is segmented on the basis of disease type, treatment type, and end user.

On the basis of disease type, the Lysosomal Acid Lipase (LAL) deficiency treatment market is segmented into:
  • Wolman Disease
  • Cholesteryl Ester Storage Disease (CESD)
On the basis of treatment type, the Lysosomal Acid Lipase (LAL) deficiency treatment market is segmented into:
  • Liver Transplant
  • Hematopoietic Stem Cell Transplant
On the basis of end users, the Lysosomal Acid Lipase (LAL) deficiency treatment market is segmented into:
  • Hospital
  • Clinics

North America is expected to dominate market due to rapid novel innovations

Global market for the Lysosomal Acid Lipase (LAL) deficiency treatment market by Coherent Market Insights is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to dominate the lysosomal acid lipase (LAL) deficiency treatment market attributed to rapid novel innovations, drug development, and research. In 2015, FDA approved genetically modified organisms (GMO) chickens, for the production of a recombinant human lysosomal acid lipase (LAL) protein in their eggs for the treatment of lysosomal acid lipase (LAL) deficiency among Americans. Europe is expected to be the second largest region for LAL deficiency treatment market. The Europe commission in 2015 granted marketing permission of Kanuma, for the treatment of LAL deficiency for patients of all ages, which is expected to fuel the growth of kanuma in region.

Rapid approval of therapy by FDA in various region, be an opportunities for companies

Ltd. In 2015, FDA approved Kanuma, an innovative enzyme replacement therapy (ERT) in the U.S., Europe Union, and Japan, which is providing an opportunity to manufacturers for exploring their business in the untapped market. Major players operating in global Lysosomal Acid Lipase (LAL) Deficiency treatment market include Alexion Pharmaceutical Inc., Merck & Co., Inc., Pfizer, Inc., and AstraZeneca plc. and Teva Pharmaceutical Industries.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.