Global Farber's disease drug market is rising gradually with a substantial CAGR in the forecast period of 2019-2026.
Market Definition: Global Farber's Disease Drug Market
Farber's disease is also known as Farber's Lipogranulomatosis or acid ceramidase deficiency which is an ultra-rare inherited genetic disorder characterized by error in lipid metabolism caused by deficiency of ceramidase, an enzyme responsible for breaking down fatty material in our body’s cells. This deficiency of ceramidase occurs due to mutation in the N-Acylsphingosine Amidohydrolase 1 (ASAH1) gene responsible for making an enzyme called ceramidase. The deficiency of this enzyme may results in cell abnormalities and organ system dysfunction which will affect the joints, liver, throat, tissues and central nervous system.
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Major Market Competitors/Players
Few of the major competitors currently working in the global Farber's disease drug market are F. Hoffmann-La Roche Ltd, Pfizer Inc, GlaxoSmithKline plc, Cardinal Health, Endo Pharmaceuticals Inc, Impax Laboratories, LLC, Teva Pharmaceutical Industries Ltd, Mylan N.V., Kowa Pharmaceuticals America, Inc, Sun Pharmaceutical Industries Ltd., Glenmark Pharmaceuticals Ltd., WOCKHARDT, Novartis AG, Merck & Co., Inc, Takeda Pharmaceutical Company Limited, AstraZeneca, Boehringer Ingelheim International GmbH, Enzyvant and many others
Market Segmentations:
By Type (Classical Variant of Farber Disease, Intermediate or mild Variant of Farber Disease, Neonatal-Visceral Variant of Farber Disease, Neurological Progressive Variant of Farber Disease, Combined Farber and Sandhoff Disease Variant and Prosaposin Deficiency), Treatment Type (Medication and Surgery), Route of Administration Type (Oral and Injectable), Distribution Channel Type (Online Pharmacy, Direct Tenders, Retailers and Others) End- Users (Hospitals, Homecare, Specialty Clinics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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Market Drivers
- Rising awareness about treatment and technological advancement is driving the growth of market
- Adoption of unhealthy life style, irregular eating habits and lack of physical exercise
- Rapid adoption of newer formulations and novel dosage forms
- The emergence of drugs used in the treatment of risk associated with Farber disease
Market Restraints
- Effective treatment is very less available due to low prevalence of Farber disease worldwide
- Inadequate knowledge about Farber disease in some developing countries
- Scientific and major technical challenges for production of disease specific novel therapies
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