Market Scenario:
Turner Syndrome is a rare chromosomal condition diagnosed in the female population. It occurs when one of the X chromosome is partially or completely missing. Women with condition are shorter than the average female and are unable to conceive due to early loss of the ovarian function. Webbed neck, a low hairline at the neck’s back, lymphedema are some of the common symptoms of the disease. Increasing prevalence of the disease and rising female population are the major factors that drives the market during the forecast period. According to the National Library of Medicine in 2017, about 1 in 2,500 new-born girls, worldwide, were affected with the Turner Syndrome, making it one of the causes of female-fetal-miscarriages and stillbirths. Moreover, according to the World Bank the female population increased from 3.60 billion in 2014 to 3.68 billion in 2016. Additionally, the increasing FDA approvals for the treatment of the diseases followed by growing biotechnology sector and increasing awareness of the women health is expected to fuel the market growth. However, high annual treatment cost followed by its related side effects like vomiting, carpal tunnel syndrome, insulin resistance/ high blood sugar, worsening of scoliosis, and others is one of the major restrains for the market growth. This along with low per capita healthcare expenditure and lack of the awareness within the low and middle income countries is projected to restrain the market growth during the forecast period.
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The market for global turner syndrome is estimated to grow at an approximate CAGR of 13.0% from 2017 to 2023.
Segmentation
The global turner syndrome market is segmented on the basis diagnosis, treatment, and end user.
On the basis of the diagnosis, the market is categorized into physical examination, prenatal testing, karyotyping and others. The prenatal testing segment, by diagnosis, is sub-segmented into ultrasound test, amniocentesis, chorionic villus sampling, and others.
On the basis of the treatment, the market is segmented into human growth hormone therapy, oestrogen replacement therapy, progesterone replacement therapy, psychological therapy, and others.
On the basis of the end user, the market is segmented into hospitals & clinics, academic institutes, research organization, and others.
Regional Analysis
America dominates the global turner syndrome market. Increasing adoption of new technologies and huge patient population along with rising healthcare expenditure and the presence of a developed economies drives the market growth within the region.
Europe stands second in the global turner syndrome market owing to rising research and development expenses and huge patient population. Moreover, growing biotech sector within the region fuels the market growth within the region.
Asia Pacific region is the fastest growing market due to increasing awareness for women health, rising healthcare expenditures and growing healthcare sector. Moreover, developing economies like India and China with growing healthcare sector are present within the region, helping the market to grow.
The Middle East & Africa has the least share in the global turner syndrome market. The presence of poor economies and stringent government policies, especially in the African region restrains the market growth within the region.
Key Players
Cooper Pharma (India), Pfizer Inc. (U.S.), Lilly USA, LLC (U.S.), Genentech, Inc. (U.S.), Novo Nordisk (Denmark), Smiths Medical (U.S.), Rocket Medical plc. (U.K), Medtronic (U.S.), Sanofi (France), and others are some of the key players in the global turner syndrome market.
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