Duane Syndrome Treatment Market - Global Industry Analysis, Size, Share, Trends, Growth, and Forecasts, 2021 - 2031
Duane Syndrome Treatment Market – Overview
The global Duane syndrome treatment market is anticipated to grow at a favorable rate from 2021 to 2031 (forecast period). The rise in the incidence of type I Duane syndrome is the main aspect expected to drive the global Duane syndrome treatment market. Hospitals, ambulatory surgery centers, and other healthcare facilities are among its primary end-users. The launch of innovative pharmaceuticals and growing research and improvements for producing cost-effective and efficient therapies are projected to boost the global Duane syndrome treatment market.
Moreover, increased awareness of the Duane syndrome, supporting government measures, and a surge in healthcare spending is anticipated to bolster the market growth. Furthermore, new product releases and a growing emphasis on improving knowledge of genetic disorders and uncommon illnesses drive are expected to propel the global Duane syndrome treatment market.
Duane Syndrome Treatment Market – Competitive Landscape
Leading players in the Duane syndrome treatment market are ARUP Laboratories, Quest Diagnostics, Inc., Invitae Corp., 3billion, Inc., Centogene N.V., Eurofins Scientific, Perkin Elmer, Inc., Strand Life Sciences, Laboratory Corporation of America Holdings, Ambry Genetics, Preventiongenetics, Macrogen, Inc., Coopersurgical, Inc., Color Genomics, Inc., Baylor Genetics, Health Network Laboratories, Myriad Genetics, Inc., Progenity, Inc., Fulgent Genetics Inc., and Opko Health, Inc.
Market players are adopting strategies such as collaborations, acquisitions, investments, technological developments, and R&D activities to broaden their global presence.
Quest Diagnostics absorbed Blueprint Genetics in January 2020 to expand its competence in genetic abnormalities and uncommon diseases.
Dante Labs set up a program in February 2020 to provide WGS to patients with uncommon disorders for $299. WGS 30X on Novaseq6000 technology, data analysis, and individualized medication for various disorders were all part of the program.
Duane Syndrome Treatment Market – Trends and Opportunities
Duane syndrome, commonly called Duane retraction syndrome (DRS), is non-progressive congenital strabismus resulting from improper 6th cranial nerve development. It is identified by the inability to rotate one or both eyes inward or outward. The 6th cranial nerve, which regulates the lateral rectus muscle fails to mature normally in Duane syndrome. Why the nerve does not develop is unknown. As a result, the issue is not with the eye muscle itself but with the nerve that controls it. The Duane syndrome is also associated with miswiring the 3rd cranial nerve, which ordinarily handles the medial rectus muscle.
The major abnormality in Duane syndrome is typically identified by whether it is a diminished capacity to turn the afflicted eye(s) outward (type I), inward (type II), or both (type III). The most common variety of Duane syndrome is Type I, and afflicted individuals show a head tilt to the involved side and seem esotropic in straight-ahead vision.
The launch of innovative medications and growing research and improvements for producing cost-effective and efficient therapies, are likely to create revenue-generation opportunities in Duane syndrome treatment market. Moreover, during the projected period, a rise in the incidence of type I Duane syndrome patients is expected to be a key driving force. Furthermore, good government efforts, a surge in healthcare spending, and increased awareness of the Duane syndrome are projected to boost the global Duane syndrome treatment market throughout the projection period.
Additionally, the deployment of the lockdown due to the COVID-19 outbreak postponed treatment for Duane syndrome, negatively impacting the global Duane syndrome treatment market. This was linked to the fact that, as a result of the COVID-19 outbreak, several hospitals throughout the world were reorganized to improve hospital capacity for COVID-19 patients. Numerous non-essential services were canceled as a result. Moreover, the standard of healthcare for patients apart from COVID-19 declined. However, with economies all over the globe reviving, the worldwide Duane syndrome treatment market is likely to rise significantly.
Duane Syndrome Treatment Market – Regional Landscape
North America is expected to experience growth in the global Duane syndrome treatment market during the forecast period. The United States is projected to be the largest revenue generator in Duane syndrome treatment market in North America.
Asia Pacific is anticipated to contribute considerably to the Duane syndrome treatment market during the forecast period.
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