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Aniridia Treatment Market Trends

Report ID: GMI9264 Published Date: April 2024Report Format: PDF
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 Aniridia Treatment Market Trends

Advances in genetic testing and molecular diagnostics enable healthcare providers to tailor treatment strategies to the specific genetic mutations underlying aniridia caused by a faulty gene (PAX6) in individual patients. This personalized approach enhances treatment efficacy and patient outcomes, driving demand for targeted therapies and contributing to the expansion of the aniridia treatment market.

  • For instance, in 2020, Dr. Simpson's project at the University of British Columbia was granted research funding to support the development of a potential gene therapy for the inherited eye disease, aniridia. The study was focused on developing personalized treatment approaches leveraging genetic insights. Also, through advanced genetic testing and molecular analysis, the project aimed to tailor therapies to individual patients, optimizing treatment efficacy and outcomes.

Thus, growing constant support from government along with increasing awareness pertaining to rare disease especially in developed countries will spur the market growth.

Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

Which prominent players are operating in the aniridia treatment market?+

Key players operating in the aniridia treatment market are AbbVie Inc., Bausch & Lomb Incorporated, F. Hoffmann-La Roche Ltd, HumanOptics AG, Johnson & Johnson Vision, MORCHER GmbH, Novartis AG, Ophtec, Pfizer Inc., and REPER-NN LTD are among others.

How substantial is the aniridia treatment market in North America?+

North America aniridia treatment industry will grow at a significant CAGR up to 2032, driven by advanced healthcare infrastructure, a high prevalence of genetic disorders, and significant investments in research and development.

Why is the demand for congenital aniridia treatment rising?+

The congenital aniridia segment recorded 88.5% of the market share in 2023, attributed to higher prevalence compared to acquired forms.

What is the size of the aniridia treatment market?+

Aniridia treatment industry size registered USD 2.6 billion in 2023 and will demonstrate a 5.1% CAGR from 2024 to 2032, owing to rising prevalence of aniridia, advancements in genetic testing, increasing healthcare expenditure, and favorable regulatory initiatives.

Aniridia Treatment Market Scope

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