The Global Cowden Syndrome Market is expected to grow at a CAGR of 6.7% during the forecast period 2017-2023.
Cowden syndrome is an inherited condition, which is characterized by multiple, noncancerous growths on various parts of the body. People with the syndrome usually have a large head, benign tumors of the hair follicle, and white papules with a smooth surface in the mouth. The major cause of the syndrome is still unknown, however, genetic factors are considered as a major factor for Cowden Syndrome Market growth.
Over 100 types of cancers have been identified. According to cancer research UK, in 2012, globally over 14.1 million of new cancer cases were registered, which is expected to increase continuously in the coming future. According to a study, it is observed that in 99% of the patients suffering from this syndrome shows various symptoms such as breast carcinoma, colorectal polyposis, conjunctival hamartoma, generalized hyperkeratosis, goiter, and others. Because of deteriorating lifestyle due to alcoholism and smoking, there is a continued rise in the incidence of cancer.
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The global Cowden syndrome market is majorly driven by the increasing prevalence of Cowden syndrome across the globe. Due to lack of treatment, governments of various countries have started supporting the manufacturers for research and development. Additionally, increasing government support for research & development, rising healthcare expenditure, and changing lifestyle have fuelled the market growth. Many types of treatment are available in the market, however, all the treatment show some or other side effects on the body. Side effects of the treatment and the high cost of the medicines may slow the growth of the market during the forecasted period.
Key Players in Global Cowden Syndrome Market
Some of key the players in the market are Novartis AG (Switzerland), GlaxoSmithKline Plc. (U.K.), Bayer AG (Germany), Amgen, Inc. (U.S.), Eli Lilly and Company (U.S.), AstraZeneca Plc. (U.K.), Bristol-Myers Squibb Company (U.S.), Sanofi (France), AbbVie Inc. (U.S.), Spectrum Pharmaceuticals Inc. (U.S.), Takeda Pharmaceuticals (Japan), Pfizer, Inc. (U.S.), Merck & Co., Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Janssen Biotech, Inc. (U.S.), Immunomedics (U.S.), and Oncomed Pharmaceuticals (U.S.)
Regional Analysis
The Americas dominate the global Cowden syndrome market owing to the increasing prevalence of people suffering from Cowden syndrome and cancer. Additionally, high healthcare expenditure, well-developed technology, and strong government support for research & development have fuelled the growth of the Americas Cowden syndrome market. Presence of the leading players and increasing availability of funds in this region are likely to support the growth in the coming future.
Europe accounts for the second largest Cowden syndrome market, which is followed by the Asia Pacific. Availability of the funds for research & development and strong government support have driven the market growth. The Asia Pacific is the fastest growing Cowden syndrome market owing to the increasing prevalence of cancer, rapidly developing the economy and increasing government support. India and China are expected to lead the market in this region.
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On the other hand, the Middle East & Africa hold the least share of the market due to limited availability of funds and availability of medical facilities, and poor political conditions in Africa. The Middle East holds the major share in the Middle East & Africa Cowden syndrome market. Kuwait, Qatar, Oman, and South Arabia holds the major share of the Middle East market. However, the African region is expecting a healthy growth due to the presence of a huge opportunity for the development of the market.
Brief TOC
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Global Cowden Syndrome Market, by Site
Chapter 7. Global Cowden Syndrome Market, by Treatment
Chapter 8. Global Cowden Syndrome Market, by End User
Chapter 9. Global Cowden Syndrome Market, by Region
Chapter 10 Company Landscape
Chapter 11 Company Profiles
Chapter 12 MRFR Conclusion
Chapter 13 Appendix
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