Global Prader-Willi Syndrome Therapeutics Market 2018-2022
About this market
The number of pipeline molecules in the global PWS therapeutics market is increasing at a good phase. The pipeline has many promising therapeutics agents, which are expected to boost the market growth. According to industry experts, approximately 15 therapeutics, are under different stages of development in the pipeline. The number of clinical trials is continuously increasing for the development of therapeutics for the treatment of PWS. This is expected to drive them market growth during our forecast period. These increasing number of special drug designations from regulatory bodies is expected to drive the market at a CAGR of close to 5% between 2018-2022.
Special drug designations
PWS is a rare disorder, and its prevalence rate is usually lower compared with other mainstream indications. Therefore, drug manufactures often hesitate to invest large amounts in drug discovery R&D. Therefore, regulatory bodies grant special drug designations, which will help in further development if the drug.
Lack of awareness of PWS
The sales of potential products are difficult to attain due to awareness issues. Though effective treatments available, individual attitudes, beliefs, poor treatment adherence and inadequate communication between clinicians and patients about PWS hinder the market growth.
For the detailed list of factors that will drive and challenge the growth of the Prader Willi syndrome therapeutics market during the 2018-2022, view our report.
This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies. The vendors in the market forming strategic alliances by acquiring businesses gain competitive advantages. The market is formatting alliances between public and private stakeholders. The companies constantly focusing improving their market positions, the competitive environment among the players is quite intense
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