Mast cell tumor (Mastocytoma) is formed by aggregation of number of mast cells to form big cist like structure. It is a type of rare disease usually seen in infants aged from 0 to 3 months and rarely diagnosed in adults. Mast cells are associated with the histamine release and which causes allergic reactions when secreted in excess. Accumulation of extra mast cells generally appears in single to three lesions on body trunk or wrist. Activation of these extra mast cells results in excessive release of histamine and various different chemicals causing localized redness, swelling and itching. Increasing awareness about rare diseases resulting in improved diagnostic rate subsequently followed by increasing mast cell tumors treatment rate. Various manufacturers in the mast cell tumors treatment market are trying to develop novel treatment option by investing in mast cell tumors treatment research & development. Mast cell tumors (mastocytoma) is subtype of the cutaneous mastocytosis affecting approximately 10% to 30% of all cases. Although epidemiology of mast cell tumor is not clear but numerous controlled studies are being carried out to evaluate the actual epidemiology of the disease in different parts of the world. After the WHO updated the classification, diagnosis, and treatment approach, various countries implemented the same guidelines to improve uniformity in the diagnostic and treatment approach.
Mast Cell Tumors Treatment Market: Drivers and Restraints
Increasing data availability around disease expected to improve the treatment approach in turn driving the growth of the mast cell tumors treatment market. Increasing awareness about mast cell tumors treatment option through social media platforms, advocacy groups, various government and non-government organizations expected to improve treatment seeking rate, driving the growth of mast cell tumors treatment market. Improving diagnosis rate followed by increased mast cell tumors treatment seeking rate expected to fuel the growth of the market. Extended efforts by the manufacturers to develop novel mast cell tumors treatment due to various benefits offered by regulatory authorities under orphan drug status further expected to fuel the growth of the mast cell tumors treatment market. Whereas, patient to patient varying symptoms makes mast cell tumors treatment difficult, which may hamper the potential growth of the mast cell tumors treatment market.
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Mast Cell Tumors Treatment Market: Overview
Mast cell tumors treatment market is expected to experience steady growth over the forecast period attributing to increasing diagnosis rate and mast cell tumors treatment seeking rate. By drug class, antihistamine is expected to be the most lucrative segment in the global mast cell tumors treatment market. By route of administration, oral is expected to be most lucrative segment in the mast cell tumors treatment market. By distribution channel, hospital pharmacies is expected to be highest revenue generating segment in the mast cell tumors treatment market. Various pharmaceutical manufacturers are planning to evaluate different molecules for mast cell tumors treatment e.g. In November 2018, GT Biopharma received FDA clearance for the human phase study of First-in-Class Tri-Specific Killer Engager (TriKE), GTB-3550.
Mast Cell Tumors Treatment Market: Regional Outlook
The global mast cell tumors treatment market is expected to be dominated by North America due to comparatively higher prevalence of the mast cell tumors in the region. Europe is expected to be second most lucrative mast cell tumors treatment market due to increasing treatment seeking rate. Asia-Pacific is emerging mast cell tumors treatment market attributing to increase in diagnosis rate as well as product availability. Latin America mast cell tumors treatment market is expected to experience gradual growth whereas MEA mast cell tumors treatment market expected to be least lucrative due to low prevalence as well as low diagnosis.
Mast Cell Tumors Treatment Market: Key Players
The key market players operating in the mast cell tumors treatment market are:, Pfizer Inc.,Bausch Health Companies Inc., Mylan NV, Merck & Co. Inc., Teva Pharmaceutical Industries Ltd., Johnson & Johnson, Sanofi S.A., Bayer AG, Novartis AG, EPI Health, LLC, and others.
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