The global Laband syndrome therapeutics market has a market size of US$ 3 billion in 2023 and is projected to reach US$ 5 billion by 2033 by exhibiting a CAGR of 5.2%. Laband syndrome, also known as Zimmerman-Laband syndrome, is an extremely rare genetic disorder characterised by malformations of the hands, feet, head, and face. Most kids who have this syndrome have exceptionally large gums. Your ability to chew, swallow, and/or talk may be affected by gum disease.
Rising awareness of rare diseases and increased attention to heredity-related problems in the general population are expected to drive demand for Laband syndrome therapeutics, resulting in a potential opportunity for the market. The therapy options for Laband syndrome are quite limited.
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As a result of the increasing adoption of currently accessible medicines in the market, the market is experiencing an uneven demand and supply environment. Additionally, increased investment in the healthcare industry, as well as increased reimbursement facilities in developed nations such as the United States and Germany, is expected to boost the market.
Key Takeaways from the Market Study:
- FMI projects the global Laband syndrome therapeutics market to expand at a 5.2% value CAGR by 2033
- The global Laband syndrome therapeutics market is estimated at a market value of US$ 3 Billion
- The global Laband syndrome therapeutics market is expected to garner a market value of US$ 5 Billion
- North America is expected to grow at a CAGR of 5.1% in the assessment period 2023-2033.
- Europe is expected to grow at a CAGR of 5% in the assessment period 2023-2033.
- Asia Pacific is expected to grow at a CAGR of 4.8% in the assessment period 2023-2033
- The oral segment is expected to hold the largest market share for lab and syndrome therapeutics in the forecast period 2023-2033.
“The worldwide Laband syndrome therapeutics market is expanding rapidly as people become more conscious of the need for rare illness treatment and pay close attention to the presence of a family genetic history. Because of their well-established healthcare infrastructure and excellent healthcare standards, industrialised countries have a strong need for Laband syndrome therapeutics,” says an analyst at FMI
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Market Competition:
Key players in the laband syndrome therapeutics market are Xinhua Pharmaceutical, BASF, SI Group, Strides Pharma Science, Selleckchem, Merck & Co. Inc., Vasudha Pharma Chem Limited, Sanofi, Takeda and Pfizer. Some prominent developments are as follows:
- In December 2022 – BASF Pharma Solutions announced that the FDA’s Center for Drug Evaluation and Research (CDER), Office of New Drugs has accepted their excipient, Soluplus®, into the FDA’s Pilot Program for the Review of Innovation and Modernization of Excipients (PRIME). The programme aims to reduce the risk and burden on pharmaceutical companies that want to use novel excipients for modern drug development challenges, as well as to provide a pathway for excipient manufacturers like BASF to obtain FDA review of their novel excipients before using them in an FDA-approved drug.
- In December 2022, Stelis Biopharma Limited, an emerging biopharmaceutical Contract Development and Manufacturing Organization (CDMO) and the biologics arm of Strides Pharma Science Limited, announced that its CDMO partner has received FDA approval for a key ANDA (USFDA). The product was filed from Stelis Biopharma’s flagship facility in Bangalore.
- In December 2022 – Merck, a global pharmaceutical corporation, has inked a non-binding Memorandum of Understanding (MoU) with Synplogen, a business spun out of Kobe University’s Graduate School of Science, Technology, and Innovation. Both businesses want to combine their resources in order to provide expedited development, production, and testing for viral vector gene treatments in Japan.
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Key Segments Profiled in the Laband Syndrome Therapeutics Industry Survey:
By Drug Class:
- NSAIDS
- Bisphosphonate
- Skeletal Muscle Relaxants
By Route of Administration:
- Oral
- Rectal
- Parental
- Topical
- Infusion
By Distribution Channel:
- Hospital Pharmacies
- Clinical Pharmacies
- Drug Stores
- Online Pharmacies
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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