Global Barakat Syndrome Market, By Treatment (Genetic counselling, cochlear implants, Surgical Therapy), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, online Pharmacies and Others) – Industry Trends and Forecast to 2029.
Barakat Syndrome Market Analysis and Size
The global barakat syndrome market is expected to witness significant growth during the forecast period. This is also known as HDR syndrome wherein the prevalence of “H” occurs in 93% of patients. “D” occurs in 96% of patients and is usually in both ears (bilateral), ranging from moderate to profound impairment. Barakat syndrome is found to be a rare disorder. Sudden outbreak of the COVID-19 pandemic imposed stringent lockdown regulations globally causing in interruptions in import and export activities of barakat syndrome market.
Data Bridge Market Research analyses a growth rate in the global barakat syndrome market in the forecast period 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
The Barakat syndrome, which is also known as HDR syndrome is a heterogeneous , rare genetic disorder which is characterized by hypoparathyroidism (H), sensorineural deafness (D), and renal disease (R). Patients of any age may have deafness, hypocalcemia, intermittent muscular spasms caused by dysfunctioning of the parathyroid glands and a consequent deficiency of calcium (tetany), and afebrile seizures.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Treatment (Genetic counselling, cochlear implants, Surgical Therapy), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, online Pharmacies and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Cochlear Ltd (Australia), MED-EL Medical Electronics (India), Advanced Bionics AG (Switzerland), Medtronic (Ireland), Oticon (Denmark), Zhejiang Nurotron Biotechnology Co., Ltd (China), WS Audiology A/S (Denmark), Teva Pharmaceutical Industries Ltd (Israel), EnteraBio Ltd. (Israel), F. Hoffmann-La Roche Ltd (Switzerland), Pfizer Inc. (U.S.), Merck KGaA (Germany), GSK Plc (U.S.), Takeda Pharmaceutical Company Limited (Japan), Sun Pharmaceutical Industries Ltd (India)
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Market Opportunities
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Global Barakat Syndrome Market Dynamics
Drivers
- Increase in the number of research and development activities
Moreover, the market's growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the barakat syndrome market. To encourage researchers and pharmaceutical companies to develop novel medicines, the government is funding research and development (R&D) initiatives.
- Availability of Advanced Treatment Procedures
With each passing decade, varied treatment methods are being available that would help in the faster recovery of the patients. Treatment methods such as cochlear implants, surgical or physical therapy and appropriate genetic counselling that would help in better understanding of the disease is driving the market growth. Thus, it acts as a major driver in the market growth.
Opportunities
- Increased Demands of Diagnostic Tests
This is a very rare syndrome and diagnostic tests are important for proper identification of the disease. Molecular genetic testing, kidney biopsy are used mostly to treat this condition, it many cases it revealed bilateral abnormalities of the barakat syndrome. Thus, it boosts the market growth.
- Increasing Prevalence of Barakat syndrome
The rising prevalence of this rare syndrome is creating more opportunity for the growth of the market. The exact prevalence is unidentified, but the disease is considered to be very rare. There are about 180 patients who have been reported from various countries such as the United States, India, China, Japan, Europe and the Middle East. Thus, the increasing prevalence is demanding more treatment procedures which as a result creating opportunities for its growth.
Restraints/Challenges
- Lack of skilled professionals
The lack of qualified personnel who are unable to perform these treatments could curb the growth of the global barakat syndrome market over a forecast period.
- Unavailability of Appropriate Treatments
To treat conditions which are rare, many a times all treatments are not available, especially in the under-developed countries. The severe patients needs to be treated with the advanced techniques but at times, these are not available in the hospitals and clinics. Thus, it hampers the market growth.
This global barakat syndrome market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global barakat syndrome market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Global Barakat Syndrome Market
Considering the present scenario, COVID-19 has left a major global public health crisis that has impacted practically every business, and it left a heavy impact on the global barakat syndrome market.
During the pandemic, the load on healthcare facilities and professionals was growing in tandem with the rapid increase in patient numbers. Many hospitals have decided to cancel or postpone other procedures. Post pandemic, the situation improved a bit and doctors and physicians could able to focus on the other syndromes which includes these rare syndromes as well. Travel restrictions has uplifted and treatments ae expanding at a high pace.
Global Barakat Syndrome Market Scope
The global barakat syndrome market is segmented on the basis of treatment, distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Treatment
- Genetic counselling
- Cochlear implants
- Surgical Therapy
Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacies
- Others
Barakat Syndrome Market Regional Analysis/Insights
The global barakat syndrome market is analysed and market size insights and trends are provided by treatment, distribution channel as referenced above.
The major countries covered in the global barakat syndrome market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is dominating the market due to the prevalence of disease.
Asia-Pacific is considered to have the most lucrative period due to rising number of patient population in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Barakat Syndrome Market Share Analysis
The global barakat syndrome market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global barakat syndrome market
Key players operating in the global barakat syndrome market include:
- Cochlear Ltd (Australia)
- MED-EL Medical Electronics (India)
- Advanced Bionics AG (Switzerland)
- Medtronic (Ireland)
- Oticon (Denmark)
- Zhejiang Nurotron Biotechnology Co., Ltd (China)
- WS Audiology A/S (Denmark)
- Teva Pharmaceutical Industries Ltd (Israel)
- EnteraBio Ltd. (Israel)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Pfizer Inc. (U.S.)
- Merck KGaA (Germany)
- GSK Plc (U.S.)
- Takeda Pharmaceutical Company Limited (Japan)
- Sun Pharmaceutical Industries Ltd (India)
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