Global Pendred syndrome Market is expected to grow at a substantial CAGR in the forecast period of 2019-2026. Emgerence of drugs used to treat risk associated with Pendred syndrome such as goiter and high demand of disease specific novel therapies are the key factors that fueling the market growth.
To achieve actionable market insights to build sustainable and money-spinning business strategies, Pendred Syndrome market research report is a good option. This market report examines market drivers, market restraints, challenges, opportunities and key developments in the healthcare industry. The report has estimations of CAGR values which are very important for businesses in deciding upon the investment value over the time period. What is more, Pendred Syndrome market report also comprises of details about market analysis, market definition, market segmentation, key development areas, competitive analysis and research methodology.
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Few of the major competitors currently working in the global Pendred syndrome market are Nobelpharma Co., Ltd, Sensorion, Advanced Bionics AG, MED-EL Medical Electronics, Cochlear Ltd, Sonova, GAES, Demant A/S, Nurotron Biotechnology Co. Ltd, GN Store Nord A/S, Amplifon, Audina Hearing Instruments, Inc, Elkon Pvt. Ltd, Rion Co. , Ltd, Starkey and others.
- Family history of Pendred syndrome is driving the growth of the market
- Advancement in cochlear implantation and hearing kits can improve the hearing is enhancing the market growth
- Huge financial support to the researchers for developing novel intervention is boosting the market growth
- High demand of disease specific novel treatment can also act as a market driver
- Limited operating revenue opportunities for research and development of targeted therapies by many pharmaceuticals is acting as a challenging factor for the growth of this market
- Low healthcare budget in some developing countries is hamper the market growth
- Unaffordability and inaccessibility of cochlear implant to many underserve population can act as a restricting factor in the growth of this market
Key Developments in the Market:
- In July 2019, Sensorion received the Investigational New Drug (IND) approval from the FDA to proceed with arazasetron besylate (formally known as SENS-401) for the treatment of sudden sensorineural hearing loss. This drug is also received an Orphan Drug designation in the Europe. With this IND approval, company can initial trials on human subject and if trial successful, SENS-401 could be a safe and effective treatment options for underserved patient population.
- In July 2019, Nobelpharma Co., Ltd in collaboration with Keio University is developing Rapalimus (formally known as NPC-12), for the treatment of Pendred syndrome. Rapalimus is in phase I/IIa clinical trial. If trial successful, it will be first ever approved drug for the treatment of Pendred syndrome.
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Segmentation: Global Pendred Syndrome Market
- Cochlear Implant
- Hearing Aids
- Radioactive Iodine
By Route of Administration
- Genetic Testing
- Perchlorate Washout Test
By End Users
- Specialty Clinics
- North America
- South America
- Middle East & Africa
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Key Features of the Report
- Key developments and product launches by the top players and brands
- Key parameters which are driving the market
- Key trends of the market
- Challenges of market growth
- What are the challenges being faced by the new entrants
- Market volume
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