Krabbe Disease Treatment Market: Increasing awareness about Krabbe disease to drive the market
Krabbe Disease Treatment Market: Introduction
- Krabbe Disease is an inherited condition that tends to destroy the coatings of the nerve cells (Myelin) in the central nervous system and brain. Krabbe disease is diagnosed in children of 6 years of age and currently, there is no cure for Krabbe disease; while the condition is managed by supportive care.
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- Krabbe disease is also known as globoid cell leukodystrophy, and stem cell transplants have shown promising result in infants if they are provided treatment before the onset of the disease based on their symptoms
- A few signs and symptoms of Krabbe disease in infants include frequent vomiting, feeding difficulties, fever, muscle spasms, and loss of head control. With the disease progression, symptoms become severe such as seizers, imbalance in developmental abilities, loss of hearing & sight, constricted muscles, etc. If Krabbe disease develops later in the childhood or in adulthood, few symptoms such as difficulty walking, vision loss, muscle weakness, are identified.
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Key Drivers, Restraints, and Opportunities of Krabbe Disease Treatment Market
- Increasing awareness about Krabbe disease which is a rare genetic disorder, standard tools for diagnosis of Krabbe disease, and growing research & development are a few factors that are likely to boosts the market during the forecast period. Imaging scans, nerve conduction, eye examination, genetic testing, are a few factors that are estimated to propel the Krabbe disease treatment market during the forecast period.
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- The Krabbe disease treatment market is expanding significantly owing to the introduction of special drug designation, biologics which is considered to be safe and effective treatment of the disease. Introduction of gene technology has showcased promising results in the treatment of the disease. Increase in clinical development of the treatment for the Krabbe disease, rise in investment in research & development are major factors that are projected to boost the global market in the next few years.
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North America to Dominate Global Krabbe Disease Treatment Market
- North America accounted for a notable share of the global Krabbe disease treatment market followed by Europe. Rapid rate of adoption of highly developed technologies and innovative drugs for management of Krabbe disease are a few factors that likely to drive the Krabbe disease treatment market during the forecast period. In the U.S., Krabbe disease is likely to affect around 1 in 100,000 population. Technological advancements have led to the development of treatment to manage Krabbe disease.
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- Presence of the key companies in Europe offering medication and other therapies for the complication and symptoms of Krabbe disease, especially in infants, are a few factors that are anticipated to boost the market in Europe. Various organizations are working together in Europe for the identification of the gene mutation and creating awareness about Krabbe disease. This is also projected to propel the market in Europe during the forecast period.
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