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The fibromuscular dysplasia (FMD) market is experiencing notable trends driven by increased awareness, advancements in diagnostic techniques, and a growing focus on innovative treatment strategies for this rare vascular condition.
As the knowledge about fibromuscular dysplasia grows, more people catch on and proceed to the proper diagnostic on time. Healthcare workers are getting better skilled in detecting the indicators and having the cutting-edge imaging technologies such as angiography, computed tomography (CT), and magnetic resonance angiography (MRA) to improv indicating the accurate diagnosis.
A recent development in the FMD market is a better grasp of the etiology and degrees of various subtypes of this condition. Finding out ways that FMD may present itself and the distinctions in the involvement of vessels, for example, medial fibroplasia, and intimal fibroplasia helps in a more tactical treatment approach and a more precise knowledge of the abnormality.
In the course of treating fibromuscular dysplasia interventional radiology is gaining a reputation of a very significant factor. With respect to angioplasty and stenting, a non-invasive procedure for the treatment of FMD blood flow resulting in symptom relief is playing a major role of treatment which will lead to effective outcome.
The markets trends shows the emphasis on the "multidisplinary" care approach agenda for FMD patients. Cooperating among vascular doctors, interventional radiologists, geneticists and other clinicians who provide for a full range of specialties is a guarantee of personalized treatment for patients because it attends to various aspects of the disease.
The pharmacological therapies that concentrate only on the correction of FMD have been in the core of their production for the last several years. Drug targeting toward vessel abnormalities and blood pressure reduction aiming at symptoms management are being explored by researchers who hope to develop drugs with an effect similar to the traditional interventions but with a minimum invasiveness.
Patient advocacy and support groups are playing more important roles in the area of the new diagnosis. Such non-governmental bodies are essential in raising the necessary awareness among population, extending their services to patient and their families to help them tackle the disorder and in their campaigns for research funding with the aim of advancement of understanding and amenability to the particular arterial disorder.
For the FMD patients, the duty of telehealth services continued to grow by means of the online diagnostic sessions with a specialized doctor and monitoring the state of their disease. Remote consultations, or telehealth, not only enhance accessibility but also provide health services to those who for various reasons, including geographical limitations, have restricted access to the points of specialized healthcare.
The regulatory landscape for FMD treatments is evolving, with a focus on providing a clear pathway for the approval of novel therapies. Regulatory agencies are working closely with stakeholders to ensure that promising treatments for FMD can progress through clinical development efficiently.
The FMD market is poised for continued growth with a focus on personalized and innovative treatment strategies. As research progresses, and collaborative efforts expand, the outlook for individuals with fibromuscular dysplasia is expected to improve, offering more targeted and effective solutions.
Fibromuscular Dysplasia Market Highlights:
Fibromuscular Dysplasia Market Overview
Fibromuscular Dysplasia Market Size was valued at USD 0.44 Billion in 2023. The Global Fibromuscular Dysplasia industry is projected to grow from USD 0.45 Billion in 2024 to USD 3.63 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.21% during the forecast period (2024 - 2032). Fibromuscular dysplasia (FMD) is a disease that causes abnormal cell development in the artery wall, which results in narrowing, i.e., stenosis, and enlargement, i.e., aneurysm of the medium-sized arteries in the body.
According to a study published in the Insights into Imaging in 2015, it is found that the prevalence of fibromuscular dysplasia is estimated to be 4%-6% in the renal arteries and 0.3%-3 % in the cervico-encephalic arteries. Fibromuscular dysplasia is most frequently revealed in the kidneys of young patients associated with resistant hypertension secondary to fibrodysplastic renal artery stenosis. It is also reported that fibromuscular dysplasia is found in around 1% of the hypertensive patients, and is the second leading cause of renovascular hypertension after atherosclerotic disease.
Notably, rising prevalence of fibromuscular dysplasia and increasing R&D expenditure are the key factors driving the fibromuscular dysplasia market. In the year 2016, the R&D expenditure in the pharmaceutical Industry was USD 43,047.9 million, suggested by European Federation of Pharmaceutical Industries and Association.
Various other factors such as increasing government assistance, rising healthcare expenditures, improving regulatory framework, and rising funding and reimbursement policies are continuously contributing to the growth of the fibromuscular dysplasia market. According to the Eurostat data, it is observed that among the European Union Member States, the highest value of healthcare expenditure was recorded in Germany, i.e. EUR 321 billion, which is further followed by France with EUR 237 billion, and the United Kingdom with EUR 223 billion, in 2014.
Despite these driving factors, there are some challenges with fibromuscular dysplasia market. Side-effects of treatment, expiration of patented drugs, the presence of misbranded drugs, and poor healthcare system in low and middle-income countries may hamper the growth of the market to a great extent over the review period 2024-2032.
Intended Audience
- Pharmaceutical Companies
- Research and Development (R&D) Companies
- Medical Device Companies
- Diagnostic Laboratories
- Government Research Institute
- Academic Institutes and Universities
Research Methodology
Sources: Annual reports, Press release, White paper, and Company presentation
Fibromuscular Dysplasia Market Segmentation
The fibromuscular dysplasia market is segmented on the basis of type, diagnosis, treatment, and end-user.
On the basis of the type, the fibromuscular dysplasia market is classified as multifocal fibromuscular dysplasia, and focal fibromuscular dysplasia.
On the basis of the diagnosis, the fibromuscular dysplasia market is classified as physical examination, blood test, catheter-based angiography, doppler ultrasound, computerized tomography (CT) angiogram, magnetic resonance imaging (MRI), and others
On the basis of the treatment, the fibromuscular dysplasia market is classified as surgery, medication, and others. The surgery segment is further sub-segmented into percutaneous transluminal angioplasty (PTA), and surgical revascularization. The medication segment is further sub-segmented into angiotensin-converting enzyme (ACE) inhibitors, angiotensin II receptor blockers, diuretics, calcium channel blockers, and beta blockers.
On the basis of the end-user, the fibromuscular dysplasia market is segmented into hospitals & clinics, diagnostic centers, drug stores, pharmacies, and others.
Fibromuscular Dysplasia Market Regional Analysis
The Americas dominate the fibromuscular dysplasia market owing to the rising prevalence of fibromuscular dysplasia and high healthcare expenditure. In 2015, the total health expenditure in the U.S. was reported to be USD 3.2 trillion, and hospital care accounted for a share of 32.3%, suggested by Centers for Disease Control and Prevention.
Europe holds the second position in the fibromuscular dysplasia market. It is found that the rising research & development expenditure, and amendments in the reimbursement policies in the healthcare are likely to drive the European market.
The Asia Pacific region is the fastest growing fibromuscular dysplasia market owing to the developing healthcare technology, and huge patient pool. Healthcare expenditure of various Asia Pacific countries is also growing steadily. As per the Australian Institute of Health and Welfare in the years 2015-2016, the total healthcare expenditure in Australia was recorded to be USD 170.4 billion, which was around 3.6% higher than the expenditure of 2014-2015.
The Middle East & Africa holds the least market share due to lack of technical knowledge and poor medical facilities.
Fibromuscular Dysplasia Market Key Players
Some of the key players in the fibromuscular dysplasia market are:
- Alkermes Pharma Ireland Limited
- ALVOGEN
- Aspen Surgical Products, Inc.
- AstraZeneca
- B. Braun Melsungen AG
- Bayer Healthcare Pharmaceuticals Inc.
- Becton
- Dickinson and Company
- Bristol-Myers Squibb
- Dainippon Sumitomo Pharma Co., Ltd
- Ethicon, Inc.
- Merck
- Novartis
- Pfizer
- Sanofi-Aventis
- Smith & Nephew plc
- Medtronic
- Stryker Corporation
- Watson Pharma Private Limited
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