Spongiform Encephalopathy Market provide a detailed analysis, mainly based on Value Chain analysis, Porter’s Five Forces, Price analysis, and Supply Chain analysis etc.
Pune, India -- (SBWIRE) -- 02/14/2018 -- The Global Spongiform Encephalopathy Market is expected to grow at a healthy CAGR of 6.1% during the forecast period 2017-2023.
A number of factors such as rising facilities for patients affected by encephalopathy, increasing awareness among people, increasing government assistance, and improvement in regulatory framework are propelling the growth of the global spongiform encephalopathy market. It is estimated that
Despite these drivers, challenges in research and development, and poor healthcare system in low and middle-income countries may hamper the growth of the market.
Transmissible spongiform encephalopathy (TSEs) or prion diseases are a group of invariably fatal conditions that affect central nervous system (CNS) and more specifically the brain and spinal cord. The most commonly known prion diseases in human are Fatal Familial Insomnia, Creutzfeldt - Jakob disease (CJD), Gerstmann-Straussler-Scheinker Syndrome, and Kuru, and most commonly identified animal prion diseases are Transmissible mink encephalopathy, Bovine Spongiform Encephalopathy (BSE), Scrapie, and others.
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BSE (bovine spongiform encephalopathy) is one of the most common neurological disorder found in cattle that results from a transmissible agent called a prion. According to the Centers for Disease Control and Prevention, five cases of BSE are found in the U.S. and 20 in Canada in 2017.
Some of key the players in the spongiform encephalopathy market are
Adamas Pharmaceuticals Inc.,
Newron Pharmaceuticals SPA,
Hoffmann-La Roche Ltd.,
Thermo Fisher Scientific Inc.
Europe dominates the global spongiform encephalopathy market. It is expected that high prevalence of bovine spongiform encephalopathy in the European region, the support provided by the government bodies for research & development, and improved reimbursement policies in the healthcare are expected to drive the market in Europe region.
The Americas hold the second position in the spongiform encephalopathy market owing to the rising awareness among people and high healthcare expenditure. According to the Centers for Disease Control and Prevention in 2015, the total health expenditure in the U.S was reported to be USD 3.2 trillion and hospital care accounted for a share of 32.3%.
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The Asia Pacific is the fastest growing spongiform encephalopathy market owing to the developing healthcare technology.
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