Global Guillain-Barré Syndrome Treatment Market 2019-2023
About this market
The trend of strategic alliances to help market grow at a flourishing rate. Pharmaceutical companies are working together for the development of medications for the treatment of Guillain-Barré syndrome. These alliances will enhance the R&D activities of new drugs for the management of Guillain-Barré syndrome. Technavio’s analysts have predicted that the Guillain-Barré syndrome treatment market will register a CAGR of more than 5% by 2023.
Recent approvals of immunoglobulins
Immunoglobulins are the first line treatment of Guillain-Barré syndrome. The recent approvals of novel immunoglobulins from regulatory bodies are expected to propel the growth of the global Guillain-Barré syndrome treatment market during the forecast period.
Availability of alternate therapies
Currently there is no cure for Guillain-Barré syndrome. The goal of the available treatments is to provide relief from the symptoms of disease. Although the intravenous immunoglobin therapy is more convenient and widely available, it has certain side effects. Hence, some physicians are strongly inclined toward other available plasma exchange procedures for the treatment of Guillain-Barré syndrome.
For the detailed list of factors that will drive and challenge the growth of the Guillain-Barré syndrome treatment market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including CSL and Grifols the competitive environment is quite intense. Factors such as the recent approvals of immunoglobulins and strategic alliances, will provide considerable growth opportunities to Guillain-Barré syndrome treatment manufactures. CSL, Grifols, Octapharma, Shire, and Kedrion are some of the major companies covered in this report.
‘With the presence of a considerable number of companies, this market appears to be fragmented. The market will witness the emergence of many international and regional GBS treatment companies who offer therapeutics such as immunoglobulins and other therapeutics. Pharmaceutical companies are working together for the development of medications for the treatment of Guillain-Barré syndrome, which is expected to enhance the R&D activities of new drugs for the management of GB syndrome.’
Technavio Announces the Publication of its Research Report – Global Guillain-Barré Syndrome Treatment Market 2019-2023
Technavio recognizes the following companies as the key players in the global Guillain-Barré syndrome treatment market: CSL, Grifols, Octapharma, Shire, and Kedrion.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the strong pipeline of immunoglobulins.”
According to the report, one of the major drivers for this market is the recent approvals of immunoglobulins.
Further, the report states that one of the major factors hindering the growth of this market is the availability of alternate therapies.