In a recent published report, Kenneth Research has updated the market report for Sturge Weber Syndrome Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Sturge Weber Syndrome Market products.
Sturge Weber Syndrome Market Report 2020 : Size, Expected CAGR, Top Leading Players Data and Analysis of Future Development and Prospects till 2023.According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion. Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
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Sturge-Weber syndrome (SWS) is a neurological disorder that is present at birth. The affected individual has a noticeable distinctive port-wine stain on the forehead, scalp, or around the eye. This stain is a birthmark caused by a blood vessel abnormality. A large number of people with SWS also suffers from seizures or convulsions. Sturge-Weber syndrome develops a blood vessel abnormality called leptomeningeal angiomas in the brain. Other features of this SWS syndrome include glaucoma, paralysis, developmental delay, and intellectual disability. The person suffering from this may also have other complications such as increased pressure in the eye, developmental delays, and weakness on one side of the body. However, the factors responsible for market growth include technological advancements, increasing awareness among people, and increasing government assistance.
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However, increasing challenges in research and development, the high cost of treatment, and poor healthcare system may hamper the market growth. The global sturge-weber syndrome market has been segmented by type, diagnosis and treatment, and end user.The global sturge-weber syndrome market has been divided, by type into type 1, type 2 and type 3.Based on diagnosis and treatment, the global sturge-weber syndrome market has been categorized into diagnosis and treatment.
On the basis of end user, the market has been classified as hospitals and clinics and diagnostic centers. The global sturge-weber syndrome market was valued at USD 2277.4 million in 2017 and is expected to register a CAGR of 5.3 % during the forecast period from 2018 to 2023.
Key Players
Some of the key players in the global sturge-weber syndrome market are Abbott, Pfizer Inc, F. Hoffmann-La Roche AG, Novartis AG, UCB SA, Sanofi, Shire, Aleva Neurotherapeutics SA, GW Pharmaceuticals, PLC, ElectroCore LLC, and Johnson & Johnson.
Objectives of the Study
• To provide a detailed analysis of the market structure along with a forecast of various segments and sub-segments of the global sturge-weber syndrome market
• To provide insights into factors influencing and affecting market growth
• To provide historical and forecast revenue of market segments and sub-segments with respect to countries
• To provide strategic profiling of key players in the market and comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market
• To provide economic factors that influence the global sturge-weber syndrome market
• To provide a detailed analysis of the value chain and supply chain of the global sturge-weber syndrome market
Target Audience
• Potential Investors
• Associations
• Government Research Institutes
• End Users
• Raw Material Suppliers
• Drugs Suppliers and Manufacturers
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Key Findings
• The global sturge-weber syndrome market is expected to reach USD 2277.4 million by 2023 at a CAGR of 5.3 % from 2018 to 2023.
• On the basis of type, the type 1 segment accounted for the largest market share of 47.44% in 2017 and is expected to be USD 792.6 million by 2023.
• The market in the Americas is expected to account for the largest share of the global sturge-weber syndrome market and is projected to reach USD 812.2 million by 2023.
• The market in Asia-Pacific is projected to be the fastest growing at a CAGR of 5.9 % from 2018 to 2023.
Regional Analysis
• Americas
o North America
US
Canada
o Latin America
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o Rest of Asia-Pacific
• Middle East & Africa
o Middle East
o Africa
About Us
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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