Guillain-Barre Syndrome Market growth is propelled by the increasing medical tourisms and launch of novel therapeutics.
Globally, there are very high unmet needs for the Guillain-Barre syndrome therapeutics market , this fact proves that the market for therapeutics is extremely attractive. For the present treatment options, the cost of therapy is very high, the available treatment options have difficulties in safety profile, low efficacy and diagnosis and lack of adequate treatment options clearly prove that there are extremely high unmet needs.
Guillain-Barre syndrome is disorder where a part of the peripheral nervous system is attacked by the body’s immune system. In Guillain-Barre syndrome, the patient experience a tingling sensation in the legs and a varying degree of weakness.
Hodgkin’s lymphoma, mycoplasma pneumonia, Epstein-Barr virus, and influenza virus are few of the risk factors of the disorder.
The market for Guillain-Barre syndrome is weak as there are limited treatment options available. The European Medical Agency (EMEA) approved three intravenous immunoglobulin products: Flebogamma (intravenous immunoglobulin, Ig) marketed by Grifols Biologicals, Inc.; Kiovig (Gammagard Liquid + rHuPH20) marketed by Baxter Biotherapeutics division (Baxter International Inc.); and Privigen (intravenous Ig) marketed by CSL Behring.
Other pharmaceutical companies also offer many intravenous immunoglobulin therapies which provide symptomatic relief to patients suffering from the disorder with off-label treatment options. As there is no presence of another competing class of drugs, the competition is weak.
In the U.S., there are no approved drugs by the Food and Drug Administration (FDA) for the disorder and an off-label treatment intravenous immunoglobulins (IVIg) are prescribed.
The global Guillain-Barre syndrome drugs market can be segmented on the basis of trends and opportunities. Increasing awareness about the condition, high prevalence of the disorder, improvement in patient security policies, and growth in international and domestic investment in research and development for unmet needs in treatment procedures are factors which are likely to propel the growth of the Guillain-Barre syndrome therapeutics market.
However, the skepticism surrounding the stigma attached with the Guillain-Barre syndrome along with its treatment and the social pressure might restraint the market growth. In underdeveloped countries, the situation is more critical as there is no penetration of the medical advancements yet.
Furthermore, there is creation of bottleneck for the market due to inadequate government initiatives even though there is high prevalence of unmet needs in underdeveloped countries.
In developing countries such as India and China, the market is expected to expand during the forecast period owing to increased spending by governments in the healthcare sector. In addition, supportive reimbursement policies, availability of advanced treatments at affordable prices, increasing medical tourisms in these countries, and launch of novel therapeutics are expected to fuel the market growth during the forecast period.
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The global Guillain-Barre syndrome drugs market can be segmented by cause, diagnosis, treatment, and region. The cause segment includes autoimmune disorder, virus, old age with diabetes or heart conditions, and others.
The diagnosis segment includes lumbar puncture, electromyogram, nerve conduction velocity, and others. The treatment segment includes plasmapheresis, immunoglobulin, medications, physical therapy, hydrotherapy, counseling, prognosis, and others.
Geographically, the global market is distributed over North America, Asia Pacific, Europe, and rest of the world. The expanding favorable initiatives and healthcare industry supporting the growth will help market participants rake high profits in the region.
The key players operating in the global market include Grifols Biologicals Inc., Baxter Biotherapeutics, and CSL Behring.
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