Global and US Botulism Illness Market Industry Growth, Competitors Analysis, New Technology, Trends and Forecast 2021 - 2028
Global
and US Botulism Illness Market- Overview
Botulism
illness, a rare & fatal paralytic disorder is caused by neurotoxin (mainly
A, B, E, or F type neurotoxin) produced by bacteria called Clostridium
Botulinum. Depending upon the way it is caught by, the illness is characterized
in three types such as food-borne, wound, and infant botulism. Although
the illness is not borne out of sedentary lifestyle completely, and even after
the recovery, side-effects are most likely persistent, following & adhering
to a healthy lifestyle certainly helps easing the conditions.
Over the
past few years, owing to the trend of canned & frozen food the prevalence
of this Botulism illness is growing with an alarming numbers. And so is the Global
and US Botulism Illness Market is growing pervasively. Additionally, technological
advancements transpired in the medical science backed by the substantial
investments in the R&D activities for the innovation & development of
the medical devices, treatments & medicines foster the market growth
excellently, escalating the market growth on the global platform.
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Global Botulism Illness Market: Key Players
The existing and prominent key players present in the Global and US
Botulism Illness Market include Market Microbiotix, XOMA Corporation, Molecular
Targeting Technologies, AlphaVax, Morphotek
Global Botulism
illness Market- Segments
For the convenience of the report and enhanced understanding; MRFR has
segmented the report - The Global and US Botulism Illness Market into 4 key dynamics.
·
By Types:
Comprises Botulinum Type A, & Botulinum Type B.
·
By Drug Types: Antibiotics
& Antitoxins (Trivalent
Antitoxin & Heptavalent Botulinium Antitoxin) among others.
·
By End Users: Hospital & Clinics among others.
·
By Regions:
North America, Europe, APAC and Rest of the World.
Global
Botulism illness Market- Competitive Analysis
The market of Botulism illness appears to be fiercely competitive &
fragmented owing to the presence of numerous matured & small key players
accounting for a substantial market share. Through acquisition, strategic
partnership, expansion, product/ technology launch, and collaboration, these
market players gain competitive advantage. They invest heavily in the R&D
to develop a technology that is completely on a different level compared to
their competition.
Global and
US Botulism Illness Market- Regional Analysis
North
America market leads the global and US Botulism Illness Market with the
significant market share. The market is further expected to reach astronomical
amounts growing at a substantial CAGR throughout the forecast period
(2017-2023). Well-developed healthcare sector in the U.S. & Canada coupled
with the high per capita healthcare expenditures of these economies, together
drive the regional market growth. Moreover, presence of some of the matured
market players fuels the market growth.
Europe
& Asia Pacific is the second & third largest market respectively in the
global Botulism illness market.
Expected to be a fastest growing market Asia pacific region is estimated to
grow rapidly over the projected period. Increasing healthcare expenditures
along with favourable government policies of developing economies like India
and China foster the market growth in APAC.
While the
world’s second largest market of Botulism
illness, Europe is predominantly driven by the availability of funds for
research, well-developed healthcare infrastructure, huge patient population,
& government support for research & development. Besides, economies
having high healthcare expenditures such as the UK & Germany propel the
growth of the Europe market.
Industry, Innovation & Related News
·
March 31, 2018 – Victoria
General Hospital (Canada) announced that they have successfully developed
unique diagnosis process along with the novel treatments for the extremely rare
illness of infant botulism. The hospital developed a full fledge Intensive Care
Unit dedicated to the community service.
·
August 3, 2017 – Researchers
at the Stockholm University announced that they are in the last phase of their
research of antibodies with the ability to detect and inactivate the toxin
they are developing.
The discovery - BoNT/X will facilitate the development of diagnostics &
countermeasures for the patients of Botulism illness exposed to a toxic amount
of the substance. The researchers determined the structure of the toxin and
investigated the binding ways, of the nerve cell. They also investigated new
therapeutics to be developed by working on the unique properties of BoNT/X.
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