Europe Down Syndrome Market, By Disease Type (Trisomy 21, Translocation Down Syndrome, Mosaic Down Syndrome), Treatment (Diagnosis, Therapy), End User (Hospital, Clinics, Homecare Setting, Therapy Centers, Others), Distribution Channel (Direct Tender, Retail Sales, Others), Country (Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania and Rest of Europe) Industry Trends and Forecast to 2028
Down syndrome market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 13.78% in the forecast period of 2021 to 2028 and is expected to reach USD 725.12 million by 2028. Rising awareness about the disease and increasing prevalence of Down syndrome are the major drivers which propelled the demand of the market in the forecast period.
Technological advancements and increasing government support are the major drivers which have propelled the demand of the Down syndrome market in the forecast period.
Down syndrome is a genetic disease happens due to abnormal cell division. The abnormal cell division causes a gain of extra full or partial copy of chromosome number 21. The presence of extra genetic material causes the physical and developmental changes among the people leading to Down syndrome. The most common genetic abnormality associated with Down syndrome includes mental disabilities majorly learning disabilities in the children.
Awareness has allowed these people to opt for novel diagnostic approaches along with advanced therapies so as to lay a healthy lifestyle. This thus signifies that rising awareness about the disease is acting as driver for the Down syndrome market growth. The complications signify that unavailability of any specific treatment acts as restrain for the Down syndrome market growth. The market players operating in Down syndrome market are adopting several strategic initiatives expected to fuel up their business in various dimensions acting as an opportunity for the Down syndrome market growth. The long approval time associated with product launch acts as challenge for the Down syndrome market growth.
The Down syndrome market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Down syndrome market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
The Down syndrome market is segmented on the basis of disease type, treatment, end user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of disease type, the Down syndrome market is segmented into trisomy 21, translocation Down syndrome and mosaic Down syndrome. In 2021, trisomy 21 segment is dominating the market as more than 95 percent of cases of Down syndrome are trisomy 21.
- On the basis of treatment, the Down syndrome market is segmented into diagnosis and therapy. In 2021, diagnosis segment is dominating the market as most of the parents undertake prenatal tests to understand the condition of the fetus.
- On the basis of end user, the Down syndrome market is segmented into hospital, clinics, homecare setting, therapy centers and others. In 2021, hospital segment is dominating the market because they are the primary establishments for prenatal testing.
- On the basis of distribution channel, the Down syndrome market is segmented into direct tender, retail sales and others. In 2021, direct tender segment is dominating in the market as it is the primary mode of purchase of diagnostic products by hospitals and clinics.
Down Syndrome Market Country Level Analysis
Down syndrome market is analyzed and market size information is provided by the country, disease type, treatment, end user and distribution channel as referenced above.
The countries covered in the Down syndrome market report are the Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, and Rest of Europe.
Europe is expected to grow with the highest CAGR in the forecast period as the diagnosis of Down syndrome is a routine test in most countries. Germany is expected to dominate in the market in the Europe market. Germany is one of the leading countries which have huge market potential in Europe and higher demand for Down syndrome diagnosis.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increasing Government Support and Increasing Research and Development are Boosting the Market Growth of Down syndrome
Down syndrome market also provides you with detailed market analysis for every country growth in Down syndrome industry with Down syndrome drugs sales, impact of advancement in the Down syndrome technology and changes in regulatory scenarios with their support for the Down syndrome market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Down syndrome Market Share Analysis
Down syndrome market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Down syndrome market.
The major companies which are dealing in the Down syndrome are F. Hoffmann-La Roche Ltd, PerkinElmer Inc., Illumina, Inc., Thermo Fisher Scientific Inc., Myriad Genetics, Inc., Abbott, Natera, Inc, AtilaBiosystems, Physio.co.uk, Novus Biologicals (a subsidiary of Bio-Techne), Down Syndrome Cork, a branch of Down Syndrome Ireland, Demeditec Diagnostics GmbH, Symbol, ASDclinic.co.uk among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the Down syndrome market.
- In April 2017, Illumina, Inc. launched VeriSeq NIPT solution in Europe. The product launched is a CE-IVD marked next-generation sequencing technology-based approach used for screening of chromosomal abnormalities and proved efficacious for providing accurate information about chromosomal status within 10 weeks of gestation. This product launch boosted the company’s product portfolio and allowed it to penetrate its root in worldwide Down syndrome market.
Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company market in the Down syndrome market which also provides the benefit for organization to improve their offering for Down syndrome.