Cowden syndrome (CS), a clinical disorder and inherited condition that is characterized primarily by multiple, noncancerous growths called hamartomas on various parts of the body. The occurrence of CS can lead to the risk of developing certain types of cancer including Breast, thyroid, and endometrial cancers.
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Acknowledging the traction, the market is vibrating with currently, Market Research Future (MRFR) in its recently published study report asserts that the global Cowden syndrome market gaining further prominence will demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking 6.7% CAGR during 2017 – 2023.
On the other hand, the side effects and the high cost of the medicines associated with the treatment are some of the key factors impeding the market growth. Also, the limited vision, knowledge, and awareness towards the treatment’s availability are obstructing the market growth of Cowden syndrome, especially in the underdeveloped regions such as the Middle Eastern and African region.
Global Cowden Syndrome Market – Segments
The MRFR analysis is segmented into four key dynamics;
By Sites : Breast, Thyroid, Endometrium (uterus), Colorectal, Kidney, and Skin (melanoma), among others.
By Treatments : Genetic Testing, Chemotherapy (Anthracyclines, Taxanes, Antimetabolites, Alkylating Agents and others.), Targeted Therapy (Monoclonal Antibodies, Tyrosine Kinase Inhibitors, and others.), Surgery & Radiation Therapy, Hormone Therapy (Selective Estrogen-Receptor Modulators (SERMs), Aromatase Inhibitors, and others.).
By End-Users : Hospital & Clinics, ambulatory care centers, and others.
By Regions : North America, Europe, APAC and the Rest-of-the-World.
Global Cowden Syndrome Market – Regional Analysis
The North American region dominates the global Cowden syndrome market, accounting for a significant market share. The region is expected to continue with its dominance throughout the forecast period. The increasing prevalence of Cowden syndrome and cancer is predominantly driving the market growth in the region.
The European region accounts for the second-largest market for Cowden syndrome treatment, emerging as another lucrative market, globally. Germany, backed by its sizeable medical device industry and its vast Cowden syndrome treatment market is expected to drive the market growth in the region. Favorable governmental support and initiatives drive the growth in the market extensively. The proliferating healthcare sector in the region, backed by the resurging economy is fostering the market growth radiantly.
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Global Cowden Syndrome Market – Competitive Analysis
Cowden syndrome market is highly competitive. The key strategies traced from the analysis of recent developments of the key players include product launch, agreement & partnership, acquisition, and expansion. Key manufacturers utilizing breakthrough manufacturing technology strive to develop a comprehensive range of safe and reliable solutions portfolio.
Key Players:
The global cowden syndrome market is driven by some of the leading players including GlaxoSmithKline Plc. (UK), Novartis AG (Switzerland), Bayer AG (Germany), Eli Lilly and Company (US), Amgen, Inc. (US), AstraZeneca Plc. (UK), Sanofi (France), Bristol-Myers Squibb Company (US), AbbVie Inc. (US), Takeda Pharmaceuticals (Japan), Spectrum Pharmaceuticals Inc. (US), Pfizer, Inc. (US), F. Hoffmann-La Roche Ltd. (Switzerland), Merck & Co., Inc. (US), Janssen Biotech, Inc. (US), Oncomed Pharmaceuticals (US), and Immunomedics (US).
Industry/Innovation/ Related News:
September 21, 2018 - GlaxoSmithKline Plc. (UK), a leading global research-based pharmaceutical and healthcare company partnering with the Tres Cantos Open Lab Foundation (TCOLF), a company addressing the translational and funding gap existing in Global Health (GH) announce additional £5m funding for open innovation research in diseases including rear diseases such as Cowden syndrome impacting the developing world.
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