Noonan syndrome market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market is growing at a CAGR of 4.90% in the above-mentioned research forecast period. Increasing prevalence of Noonan syndrome and growing diagnostic rates for Noonan syndrome may drive the market growth.
Increasing government initiatives for diagnosis and treatment of Noonan syndrome and favourable reimbursements also boost up the market growth. Moreover, technological advancements and rising healthcare expenditure act as opportunities for the market growth. But, shortage of cardiologists, lack of awareness in developing and underdeveloped countries and strict regulatory framework among other may hamper the Noonan syndrome market.
Noonan syndrome is a genetic disorder which is characterized by the wide range of features including physical and developmental characters. The disease usually affects an individual by birth and the genes associated with Noonan syndrome include PTPN11, RAF1, SOS1 and KRAS. Patients affected with Noonan syndrome usually have extra skin on the neck region, widely spaced eyes, low- set nipples, small lower jaw, and hearing and vision problems, delayed puberty among others. The major complications experience by affected individuals includes lymphatic complications, urinary tract complications, fertility issues and developmental delays. Noonan syndrome can be diagnosed using maternal serum triple blood test, ultrasound tests among others.
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On geographical estimation, North America accounts the largest market share due to the increasing prevalence of Noonan syndrome across the U.S and growing research and development is also boosting the growth of market. Europe is also expected to grow exponentially due to enhanced product distribution network and technological advancements. Asia-Pacific is expected to account for the largest market share owing to increase in number of market players operating, rise in the number of insurance payers and rising government initiatives to establish new pharmaceutical manufacturing facility is an another factor boosting the Asia Pacific market.
The major players covered in the Noonan syndrome market report are Laboratory Corporation of America, Invitae Corporation, Sema4, GeneDx, Inc., a subsidiary of Bio-Reference Laboratories, Inc., CENTOGENE N.V., Quest Diagnostics, Athena Diagnostics, Inc., Paragon Genomics, Inc., Illumina, Inc., NeoGenomics Laboratories, Inc., Eurofins Scientific, PerkinElmer Inc., BioRad Laboratories Inc., Novo Nordisk, Pfizer, USV Private Limited, EMD Serono, Inc., Genentech, Inc., AnkeBio Co., Ltd, Eli Lilly and Company among other domestic and global players.
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