Seattle, Jan. 28, 2019 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global infantile spasm treatment market was valued at US$ 111.1 million in 2017 and is projected to exhibit a CAGR of 3.1% over the forecast period (2018 – 2026).
Key Trends and Analysis of the Infant Spasm Treatment Market:
Key trends such as strong product pipeline, launch of new generic versions of drugs, government initiatives for rare disease treatment, and increasing prevalence of prenatal cause such as central nervous system (CNS) infection is expected to boost the market growth.
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Government is actively taking initiatives for rare disease treatment. For instance, Infantile Spasms Awareness Week (ISAW) by Epilepsy Foundation, co-lead by Child Neurology Foundation and Tuberous Sclerosis Alliance, is conducted each year to educate parents, physicians, and other healthcare providers about infantile spasm and its treatment. Moreover, the U.S. FDA has provision to allot orphan drug status, in order to speed up the drug development process. Relapse or reoccurrence of infantile spasm is expected to boost the market growth. According to studies conducted by Riikonen et al., the relapse rate after second course of ACTH was around 23% among the patients.
Moreover, key players operating in the market are focused on launching cost-effective new generic versions of existing drugs. For instance, Aucta Pharmaceuticals and Upsher-Smith Laboratories, LLC launched vigabatrin for oral solution under the brand name Vigadrone in July 2018, which is another generic version of vigabatrin (Sabril).Strong product pipeline is also driving the market growth. As of 2018, there were around 5 novel drug candidates in development. 60% of these drugs are in phase III of development, which are expected to enter the market in the near future.
However, lack of proper diagnosis of infantile disease and poor disease understanding are the major restraints affecting the market growth. Epilepsy Action states that in 9 out of 10 children with the condition, infantile spasms occur in the first year of life, typically between 3 and 8 months old. Seizures lasts for few seconds, which may result in intellectual disability, autism, and death. Unlike diseases affecting large patient populations, rare and orphan diseases are difficult to fully understand, thus making the development of drugs for rare diseases is a fundamental challenge for pharma companies. Moreover, only few scientific literature about rare diseases are published, thus limiting awareness of the disease. High cost of treatment is expected to restrain the market growth. For instance, in June 2014, Questcor acquired the rights to market Synacthen in Canada and Europe. Questcor had previously acquired marketing rights in the U.S. for a natural ACTH product, H.P. Acthar Gel and raised the price of the medication from around US$ 50 per vial to US$ 28,000 per vial of 5 ml.
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https://www.coherentmarketinsights.com/market-insight/infantile-spasm-treatment-market-2453
Key Market Takeaways:
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