Chronic inflammatory demyelinating polyneuropathy (CIDP) is a disease that causes inflammation in the peripheral nervous system. This disorder is closely linked to autoimmune diseases, where the body's immune system mistakenly attacks its healthy cells, including those in the nervous system. People with autoimmune issues are more likely to experience CIDP. The rise in autoimmune diseases is contributing to the growth of the CIDP market. In 2017, around 50 million Americans had autoimmune diseases, leading to over USD 591 million spent on research and development, according to the American Autoimmune Related Diseases Association.
CIDP is a significant concern in developed countries, and plasma-derived medicines are the main treatments for it. Many organizations, both private and public, are actively involved in researching and developing these medicines for CIDP treatment. This effort has resulted in the approval of drugs like Privigen by the Food and Drug Administration (FDA) in September 2017. Privigen, developed by CSL Behring, is a key player in the market.
The awareness of CIDP is on the rise, driving market growth. The number of CIDP cases is continually increasing, prompting government initiatives to raise awareness. Governments are working to inform people about diseases like CIDP and encourage them to seek treatment by implementing favorable reimbursement policies. Non-profit organizations like GBS/CIDP Foundation International are collaborating with the U.S. government to spread awareness about CIDP, ensuring accurate diagnoses, and providing affordable treatments for patients with the disease. This collective effort aims to improve the lives of those affected by CIDP through increased understanding, support, and accessible treatment options.
Additionally, the growing awareness of CIDP is fostering a collaborative effort between various stakeholders to enhance understanding and support for individuals grappling with this condition. Non-profit organizations, such as the GBS/CIDP Foundation International, are playing a pivotal role in advocating for those affected by CIDP. These organizations work alongside the U.S. government to create awareness campaigns, ensuring that accurate information reaches both healthcare professionals and the general public.
Government initiatives are not only focused on awareness but also extend to making treatments more accessible. Implementing favorable reimbursement policies is one such measure, encouraging individuals to seek timely medical attention without facing undue financial burdens. This approach aligns with the broader goal of improving healthcare outcomes and quality of life for CIDP patients.
Covered Aspects:Report Attribute/Metric | Details |
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Market Opportunities | Joint ventures, strategic alliances, mergers and acquisitions and new product developments |
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