Market Scenario
Encephalomyelitis is the condition of inflammation in the brain and spinal cord. The disease is caused by a number of factors including viral infection, bacteria and other. During last few years, the number of patients suffering from this disease is increasing due to which this disease has gained a considerable attention. According to the World Health Organization (WHO), 4.3 million people across the globe are affected by encephalomyelitis. The initial phase of disease is characterized by symptoms such as headache, fever, confusion, which in severe condition can led to hallucinations, trouble in speaking, and memory loss. A number of different types of drugs and vaccines are available in the market for the treatment. The patients suffering from autoimmune diseases & AIDS are the most commonly affected by the disease due to weak immune system. The global encephalomyelitis market is majorly driven by the increasing prevalence of encephalomyelitis and rising number of patients suffering from autoimmune diseases & AIDS. According to the American Autoimmune Related Diseases Association, in 2014, approximately 50 million people in the U.S. are suffering from autoimmune diseases. Additionally, during last decade, the number of patient suffering from AIDS in Asia Pacific region has elevated. Moreover, increasing geriatric population, government support and rapid developments in technology have fuelled the growth of the market. On the other hand, high cost of the treatment and unavailability of precise treatment may restrain the growth of the market.
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The global encephalomyelitis market is expected to grow at a CAGR of ~8.1 % during the forecast period 2017-2023.
Segmentations
The global encephalomyelitis market is segmented on the basis of types, treatment and end users.
On the basis of types, the market is segmented into acute disseminated encephalomyelitis, encephalomyelitis disseminata, antiMOG associated encephalomyelitis, equine encephalomyelitis, AIDS related encephalomyelitis and others.
On the basis of treatment, the market is segmented into drug treatment, plasmapheresis, surgery, and others. Drug therapy is further segmented into antiviral medications, antibiotics, steroids, sedatives, NSAIDs, mood stabilizers, and others.
On the basis of end users, the market is segmented into hospital, clinics and others.
Regional Analysis
The Americas dominate the global encephalomyelitis market owing to the increasing prevalence of patients with encephalomyelitis, and autoimmune diseases. Due to rapidly increasing patient population, governments have started supporting the manufacturers for the development of new and better drugs. Additionally, well developed technology, high healthcare expenditure, and strong government support for research & development have fuelled the growth of the market in this region.
Europe commands the second largest market for encephalomyelitis which is followed by Asia Pacific. Availability of funds, increasing need for better treatment options and strong government support drive the growth of the market in Europe. Germany, France & U.K holds the major share in the Europe market.
Asia Pacific is the fastest growing encephalomyelitis market owing to the increasing number of patients suffering from autoimmune diseases and AIDS. Additionally, rapidly growing economies and increasing healthcare expenditure will fuel the growth of the market.
On the other hand, the Middle East & Africa hold the least share of the market owing to less availability of funds, limited availability of medical facilities, and poor political conditions in Africa. The Middle East region holds the major share in the market owing to well developed technology, and high healthcare expenditure. On the other hand, Africa region shows the fastest growth due to availability of opportunities for the market growth.
Key Players
Some of key the players in the market are Bristol-Myers Squibb Company (U.S.), Sanofi (France), GlaxoSmithKline Plc. (U.K), Spectrum Pharmaceuticals Inc. (U.S.), Amgen, Inc. (U.S.), Merck & Co., Inc. (U.S.), Bayer AG (Germany), Novartis AG (Switzerland), F. Hoffmann-La Roche Ltd. (Switzerland), Eli Lilly and Company (U.S.), AstraZeneca Plc. (U.K), Janssen Biotech, Inc. (U.S.), AbbVie Inc. (U.S.), Takeda Pharmaceuticals (Japan), Immunomedics (U.S.), Pfizer, Inc. (U.S.), and Oncomed Pharmaceuticals (U.S.).
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Detailed Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
…Continued
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