New York, NY -- (SBWIRE) -- 02/01/2021 -- Spina bifida is a congenital condition that usually occurs as a result of a mutation in the spinal cord. The condition is more prevalent among Hispanics and Caucasians. Females are more likely to get affected than males. This causes a defect in the formation and closure of the backbone, which protects the spinal cord. It often causes damage to the spinal cord and nerves around it. The Global Spina Bifida market is forecast to reach USD 3.90 Billion by 2027, according to a new report by Reports and Data.
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Leading Players Profiled in the Report Include:
R. Bard, Inc., Boston Scientific, B. Braun Melsungen AG, C. B. Fleet, Covidien Private Ltd., Cook Medical, Fujifilm, Medline Industries, KARL STORZ, Olympus Corporation, and Medtronic.
Market Drivers
The global spina bifida market is experiencing rapid growth due to technological advancements. Key players in the market are focusing on the development of more innovative technologies for the treatment of spina bifida. Moreover, the increasing awareness regarding the disorder and its effect is driving the market size of the global spina bifida market. Awareness related to spina bifida, rise in per capita income, favorable regulatory guidelines, the surge in adoption rate, expanding government assistance, and improved policies are the major factors leading to the growth of the global spina bifida market.
Regional landscape
North America and Europe account for significant shares in the global spina bifida market. Technological advancements and the rise in awareness about the treatment and management of congenital diseases are key factors driving the market size in these regions. Following these regions, the Asia Pacific is also expected to show significant growth in the forecast period due to technological advancement and increased population.
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For the purpose of this report, Reports and Data have segmented the global Spina Bifida market, according to Disease Type, Treatment, Diagnosis, End-user, and Region:
Disease Type Outlook (Revenue, USD Billion; 2016-2027)
Myelomeningocele
Occulta
Closed neural tube defects
Meningocele
Treatment Outlook (Revenue, USD Billion; 2016-2027)
Medical procedures
Surgeries
Oral Medications
Others
Diagnosis Outlook (Revenue, USD Billion; 2016-2027)
Ultrasound
Blood tests
Amniocentesis
Others
End-user Outlook (Revenue, USD Billion; 2016-2027)
Hospital
Clinics
Diagnostic centers
Pharmacies
Others
Regional Outlook (Revenue, USD Billion; 2016-2027)
North America
Europe
Asia Pacific
MEA
Latin America
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Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technology
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Spina Bifida Market Segmentation & Impact Analysis
4.1. Spina Bifida Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Technological advancement in the healthcare sector
4.2.2.2. The rising awareness about the condition
4.2.2.3. The elevating government support
4.2.3. Market restraints analysis
4.2.3.1. Side-effects associated with surgeries
4.2.3.2. High treatment cost
Continued….
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.