Neuromuscular Disorders Treatment Market: Overview
Neuromuscular disorders encompass several diseases, divided in terms of localization into disorders that involve cranial and spinal motor neurons, peripheral nerves, nerve plexuses, spinal nerve roots, neuromuscular junctions, and/or muscles. Neuromuscular disorders affect the nerves that control voluntary muscles. When the neurons become unhealthy or die, communication between the nervous system and muscles breaks down. Consequently, muscles weaken and waste away (atrophy). Some of the known causes include inherited disorders, hormonal disorders, and autoimmune disorders. Symptoms of neuromuscular disease vary according to the condition and may be mild, moderate, or life threatening. These disorders result in muscle weakness and fatigue that progresses over time. Some neuromuscular disorders have symptoms that begin in infancy, while others may appear in childhood or even adulthood.
Neuromuscular Disorders Treatment Market: Key Trends
The global neuromuscular disorders treatment market is driven by increase in government initiatives to ensure early diagnosis, rise in awareness about genetic disorders, improvement in health care infrastructure, and surge in research and development activities. However, low awareness in developing countries, stringent regulations, and lack of diagnostic facilities are projected to restrain the global neuromuscular disorders treatment market during the forecast period. A study conducted in 2014 indicated that prevalence rate of neuromuscular disorders was between 1 and 10 per 100,000, except for multifocal motor neuropathy, Lambert-Eaton myasthenic syndrome, Emery-Dreifuss dystrophy, oculopharyngeal muscular dystrophy, and congenital muscular dystrophies, which was <1/100,000. Post-polio syndrome and Charcot-Marie-Tooth disease had prevalence of >10/100,000.
Diagnosis of neuromuscular disorders is performed through physical examination and certain diagnostic tests. In order to assess the condition of a patient, a physician runs a complete medical history assessment to determine if any family member had previously had symptoms of neuromuscular disorders. Currently, there is no cure for neuromuscular disorders. Research is being done on genetic therapies and new medications to develop a cure. These are lifelong disorders and cannot be cured completely, but can be managed to help individuals to maximize their capabilities.
Neuromuscular Disorders Treatment Market: Segmentation
The global neuromuscular disorders treatment market can be segmented based on disorder, diagnosis, end-user, and region. In terms of disorder, the market can be categorized into motor neuron diseases, neuropathies, neuromuscular junction disorders, and myopathies including muscular dystrophies. Based on diagnosis, the global neuromuscular disorders treatment market can be classified into genetic test, blood test, lumbar puncture, electromyography (EMG), MRI scan, nerve conduction studies, muscle biopsy, and genetic testing. In terms of end-user, the neuromuscular disorders treatment market can be divided into hospitals, specialty clinics, and ambulatory surgery centers. In term of revenue, the hospitals segment dominated the market in 2018.
Neuromuscular Disorders Treatment Market: Regional Analysis
The global neuromuscular disorders treatment market can be segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global market during the forecast period owing to increase in patient population, better health care infrastructure, and presence of major players in the region. Europe is anticipated to account for the second largest market share from 2019 to 2027. Increase in investment, strong collaboration among research institutes and private players, and high awareness are expected to boost the growth of the market in the region during the forecast period. The global neuromuscular disorders treatment market in Asia Pacific is likely to grow at a rapid pace owing to increase in population, high acceptance of new treatment methodologies, and improvement in health care infrastructure in countries such as India. Increase in focus of major players in these regions is anticipated to drive the market in Latin America and Middle East & Africa during the forecast period. However, low awareness acts as a major restraint of the market in these regions.
Neuromuscular Disorders Treatment Market: Competitive Landscape
Key players in the global neuromuscular disorders treatment market include Pfizer, Inc., F. Hoffmann-La Roche Ltd., UCB Pharma, Astellas Pharma, Inc., Novartis AG, Abbott Laboratories, Inc., and Sanofi.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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