North America Down Syndrome Market, By Disease Type (Trisomy 21, Translocation Down Syndrome and Mosaic Down Syndrome), Treatment (Diagnosis and Therapy), End User (Hospital, Clinics, Homecare Setting, Therapy Centers and Others), Distribution Channel (Direct Tender, Retail Sales and Others), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028
Market Analysis and Insights: North America Down Syndrome Market
North America 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 14.1% in the forecast period of 2021 to 2028 and is expected to reach USD 1,973.96 million by 2028.
Presence of pipeline therapies and increasing prevalence of Down syndrome and other related disorders are the major drivers which propelled the demand of the market in the forecast period.
Down syndrome comprises features such as increasing need for safe and effective product will impact in launching new product by the manufactures into the market which enhance its demand as well as increasing investment in research and development leads to the market growth.
Currently various research studies are taking place which is expected to create a competitive advantage for manufacturers to develop new and innovative Down syndrome products which is expected to provide various other opportunities in the Down syndrome market. However, unavailability of registered Down syndrome and presence of reimbursement expected to restraint the market growth in the forecast period.
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 market scenario contact us for an analyst brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Down Syndrome Market Scope and Market Size
The Down syndrome market is categorized into four notable segments which are based on 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 is dominating the market as it is the most common type of condition as compared to other rare forms of Down syndrome.
- 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 expecting mothers undergo routine prenatal testing for different types of disorders.
- 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 of presence of highly skilled professionals at hospitals. Moreover hospital have audiologists, physiotherapist among others who are especially engaged in providing specific treatment for Down syndrome associated complications.
- On the basis of distribution channel, the Down syndrome market is segmented into direct tender, retail sales and others. In 2021, direct tenders are dominating in the market as direct tender are the primary source of diagnostic tool procurement and most of the healthcare facilities procures these directly from direct tenders at lower cost.
Down Syndrome Market Country Level Analysis
The Down syndrome market is analyzed and market size information is provided on the basis of disease type, treatment, end user and distribution channel.
The countries covered in the Down syndrome market report are the U.S., Canada and Mexico.
The North America region holds the majority of the share in the Down syndrome market and is expected to witness high CAGR during the forecast period due to high diagnosis and treatment rate. The U.S. has the highest medical spending in the world and large companies focus on management of Down syndrome making it the largest market.
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 North America 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.
Rising Awareness about the Disease and Strategic Initiatives by Market Players 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 2011 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 breath, 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 Natera, Inc., Next Biosciences, AtilaBiosystems, Myriad Genetics, Inc., PerkinElmer Inc., F. Hoffmann-La Roche Ltd, Demeditec Diagnostics GmbH, Thermo Fisher Scientific Inc., Abnova Corporation, Novus Biologicals (a subsidiary of Bio-Techne, Mayo Clinic Health System, Boys Town National Research Hospital, Boston Children's Hospital, Children's Hospital Colorado, ASDclinic.co.uk, Symbol, Abbott, Physio.co.uk., Illumina, Inc. among others.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the Down syndrome market.
- In November 2019, F. Hoffmann-La Roche Ltd received approval for Harmony test, first non-invasive prenatal test by Health Canada. The Harmony test is highly adopted for determining the probability of trisomy 21 and other common types of aneuploidies. This approval helped the company to penetrate across several region of the world and to boost up its revenue.
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.
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