Latest Down syndrome market innovations and trends to drive growth during 2022-2028 – ZNews Africa
The Down Syndrome market report presents supporting data related to the dominating market players such as product offerings, revenue, segmentation and business synopsis. The report gives useful information that helps when launching a new product. This global market research report has a comprehensive overview of the market, covering various aspects such as product definition, segmentation based on various parameters and prevailing vendor landscape. Additionally, in the global market report, major product categories are also included. The report also analyzes emerging trends along with key market drivers, challenges and opportunities.
The market research includes market attractiveness analysis, in which all segments are compared based on their market size, growth rate, and overall attractiveness. To understand the competitive landscape of the market, an analysis of Porter’s Five Forces Model for the market has also been included. Moreover, companies can decide strategies regarding product, customer, key player, sales, promotion or marketing by acquiring a detailed analysis of competitive markets. The market report is a summary of the current state of the market and what it will be in the forecast years for the industry.
Global Down Syndrome Market, By type of disease (trisomy 21, Down syndrome with translocation, Mosaic Down syndrome), treatment (diagnosis, therapy), end user (hospital, clinics, home care, therapy centers, others), distribution channel (call direct, retail, others), Country (US, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, Brazil, Argentina, Peru, Rest of South America, South Africa, Saudi Arabia, United Arab Emirates, Israel, Kuwait, Egypt, Rest of Middle East and Africa) Industry Trends and Forecasts to 2028
the Down Syndrome Market Market growth is expected to increase during the forecast period from 2021 to 2028. Data Bridge Market Research analyzes that the market is growing with a CAGR of 14.2% during the forecast period from 2021 to 2028 and is expected to reach 3 USD 489.04 million by 2028. Rising awareness of the disease and rising prevalence of Down syndrome are the major drivers that propelled the market demand during the forecast period.
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Main actors : –
Leading companies covered in Down syndrome market report are Natera, Inc., Next Biosciences, AtilaBiosystems, Myriad Genetics, Inc., PerkinElmer Inc., F. Hoffmann-La Roche Ltd, Demeditec Diagnostics GmbH, Thermo Fisher Scientific Inc., Abnova Corporation, Novus Biologicals (a subsidiary of Bio-Techne, Mayo Clinic Health System, Boys Town National Research Hospital, Boston Children’s Hospital, Kid Sense Child Development Corporation Pty Ltd, Down Syndrome Cork, a subsidiary of Down Syndrome Ireland, Children’s Hospital Colorado, ASDclinic.co.uk, Symbol, Abbott, Physio.co.uk., Illumina, Inc. DBMR analysts understand competitive forces and provide competitive analysis for each competitor separately.
Technological advancements and growing government support are the major drivers that propelled the demand for Down syndrome market during the forecast period.
Down syndrome is a genetic disease caused by abnormal cell division. Abnormal cell division results in gain of full or partial extra copy of chromosome number 21. The presence of extra genetic material causes physical and developmental changes in people leading to Down syndrome. The most common genetic abnormality associated with Down syndrome includes mental disorders, primarily learning disabilities in children.
Awareness has enabled these people to opt for new diagnostic approaches as well as advanced therapies in order to adopt a healthy lifestyle. Hence, this signifies that the growing awareness of the disease is acting as the driving force behind the growth of the Down syndrome market. Complications mean that the unavailability of any specific treatment is restraining the growth of the Down syndrome market. Market players operating in the Down syndrome market are adopting several strategic initiatives which are anticipated to fuel their business in various dimensions, acting as an opportunity for the growth of the Down syndrome market. The long approval time associated with the launch of the product poses a challenge for the growth of the Down syndrome market.
The Down Syndrome Market report provides details about market share, new developments and product pipeline analysis, impact of national and localized market players, analyzes opportunities in terms of revenue pockets emerging markets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions and technological innovations in the market. To understand the analysis and market scenario, contact us for an analyst briefing, our team will help you create a revenue impact solution to achieve your desired goal.
Global Down Syndrome Market Scope and Market Size
the Down Syndrome Market is segmented based on disease type, treatment, end user, and distribution channel. Growth between segments helps you analyze growth niches and strategies to approach the market and determine your main application areas and the difference between your target markets.
- On the basis of disease type, the Down syndrome market is segmented into trisomy 21, translocation syndrome and mosaic Down syndrome. In 2021, the trisomy 21 segment dominates the market since more than 95% of Down syndrome cases are trisomy 21.
- On the basis of treatment, the Down syndrome market is segmented into diagnostics and therapy. In 2021, the diagnostic segment dominates the market as most parents perform prenatal tests to understand the condition of the fetus.
- On the basis of end user, the Down syndrome market is segmented into hospitals, clinics, home care facilities, therapy centers and others. In 2021, the hospital segment dominates the market as it is the major prenatal screening establishments.
- On the basis of distribution channel, the Down syndrome market is segmented into direct tenders, retail sales and others. In 2021, the direct tendering segment is dominating the market as it is the main mode of procurement of diagnostic products by hospitals and clinics.
Increasing government support and increasing research and development is driving the growth of Down syndrome market
The Down Syndrome Market also provides you with detailed market analysis for each country’s growth in the Down Syndrome industry with Down Syndrome Drugs sales, the impact of advancement in Down Syndrome technology Down Syndrome and changes in regulatory scenarios with their support for Down Syndrome market. Data is available for the historical period from 2010 to 2019.
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Competitive Landscape and Down Syndrome Market Share Analysis
Down Syndrome market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, research and development investment, new market initiatives, production sites and facilities , company strengths and weaknesses, product launch, product testing pipelines, product approvals, patents, product breadth and scope, application dominance, technology lifeline curve . The data points provided above are only related to the company’s focus related to the Down syndrome market.
Numerous product launches and agreements are also initiated by the companies across the globe which are also accelerating the Down syndrome market.
- In April 2017, Illumina, Inc. launched the VeriSeq NIPT solution in Europe. The product launched is an approach based on CE-IVD marked next-generation sequencing technology used for screening for chromosomal abnormalities and has been shown to be effective in providing accurate information on chromosomal status within 10 weeks of gestation. This product launch has boosted the company’s product portfolio and allowed it to penetrate its foothold in the global Down syndrome market.
Market player’s collaboration, product launch, business expansion, rewards and recognition, joint ventures, and other strategies enhance the company’s market in the Down syndrome market, which offers also gives the organization the benefit of improving its offering for Down syndrome.
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