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Albinism Drug Market Growth Factors by Types & Applications with Industry Players – Bayer, GlaxoSmithKline, Johnson & Johnson Services, HumanOptics

Pune, Maharashtra, India, January 11 2021 (Wiredrelease) Brandessence Market Research and Consulting Pvt ltd –:Growing research and development activities regarding albinism treatment is driving the growth of Global Albinism Drug Market.

Scope of Global Albinism Drug Market Report–

Albinism generally refers to oculocutaneous albinism (OCA), is a group of disorders of having little or no production of pigment melanin. People with albinism have vision problems, skin and hair problems. Albinism signs are apparent in a person’s skin, hair and eye color. These people are sensitive to sun light and are at risk of developing skin cancer. Not many effective medical treatment of albinism are presently available. But, Nitisinone, which is approved by the Food and Drug Administration (FDA) for treatment of hereditary tyrosinemia type 1, decreases plasma tyrosine levels and increases eye and hair pigmentation. Nitisinone may soon be applied for people with ocular albinism.

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Global Albinism Drug Market report is segmented on the basis of type, end-user and by regional & country level. Based on product type, global albinism drug market is classified as Oculocutaneous Albinism, X-Linked Ocular Albinism, Hermansky-Pudlak Syndrome, and Chediak-Higashi Syndrome. Based upon application, global albinism drug market is classified into hospitals, homecare, specialty clinics and others

The regions covered in this Global Albinism Drug Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Albinism Drug is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Albinism Drug Companies:

Some major key players for global albinism drug market are,

Bayer GlaxoSmithKline Johnson & Johnson Services HumanOptics CENTOGENE AbbVie Merck Celgene Laboratoires Genevrier Allerga Clinuvel Pharmaceuticals Others

Global Albinism Drug Market Dynamics-

Increasing awareness about albinism treatment, technological advancement, growing special instruction from regulatory authorities, rising prevalence of genetic diseases and growing research on albinism are some of the major factors driving the growth of global albinism drug market. It is being estimated that about 1 in 17,000 people globally have some form of OCA and mainly prevalent in western developed countries. Albinism comes under the category of rare diseases, as 80% of rare diseases are due to inherited gene defects, it is also a gene defected disease. But many of these diseases lack effective treatments. That’s why albinism drug market is very niche market. For instance; Nitisinone, is approved by the US Food and Drug Administration (FDA) recently for treating hereditary tyrosinemia type 1, increases plasma tyrosine levels and increases eye and hair pigmentation. It is estimated that Nitisinone may soon be a potential treatment for ocular albinism patients. Another drug L-DOPA is in research for treatment of albinism which may create more market opportunity for albinism. However, less availability of effective treatment may hamper the market growth.

Global Albinism Drug Market Regional Analysis–

North America is expected to dominate the global albinism drug market due to active research on developing novel drug for albinism and increasing investment to find ways of treating albinism in this region. According to the National Organization for Albinism and Hypopigmentation, in USA, approximately one in 18,000 to 20,000 people suffer from albinism which will help in future demand of albinism drug.

Europe will have significant increase in business of albinism drug due to strict regulations in identifying the disease, developed healthcare infrastructure and increasing awareness of this disease from European albinism communities that are formed recently. In Europe, OCA2 cases are more common than other form of albinism due to regular migration from Africa to Europe and also due to resultant mutation of genes that have happened that were detected from genetic studies which may help in development of new drug.

Global Albinism Drug Market Segmentation:–

By Type: Oculocutaneous Albinism, X-Linked Ocular Albinism, Hermansky-Pudlak Syndrome, Chediak-Higashi Syndrome

By End-User: Hospitals, Homecare, Specialty clinics, Others

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Last Updated: 11-Jan-2021