Spina Bifida Market

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Spina Bifida Market To Reach USD 3.90 Billion By
2027
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Market Summary
Technological advancements in the healthcare
sector, the elevating government support, and the
rising awareness about the condition have
resulted in boosting the Spina Bifida market.
Market Size USD 1.90 Billion in 2018, Market
Growth - CAGR of 7.9, Market Trends The rising
demand of diagnosis for early detection of spina
bifida
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Our Approach
Market Summary

• The Global Spina Bifida market is forecast to
  reach USD 3.90 Billion by 2027, according to a
  new report by Reports and Data. Spina bifida
  SB, in literal terms, implies cleft spine,
  which characterizes incomplete development of
  spinal cord, brain, and/or meninges. There
  remains limited certainty regarding the cause for
  the occurrence of the condition. However, a
  combination of factors like nutritional, and
  environmental risk factors like folate (vitamin
  B-9) deficiency and nutrition are considered as
  the cause for the occurrence of the condition.
  Factors like obesity before, diabetes, and folate
  deficiency are considered as risk factors for the
  occurrence of the condition. The severity of the
  condition can be established with the help of the
  fact that, in the U.S, 1,500 to 2,000 of the more
  than 4 million babies born are effected by the
  condition every year. In the U.S., approximately
  166,000 individuals are living with SB.
• It is more common among the population with fair
  complexion, Hispanics. It is more commonly
  observed among women as compared to men. The high
  incidence rate of the condition acts as one of
  the major factors propelling the market growth.
  Technological advancements in the healthcare
  sector is also supporting the market growth.
  Technological developments like 3D Printing
  contributes in the advancements in minimally
  invasive SB treatment, wherein the surgical
  procedure is combined with the technology, and
  with its help, doctors would be able to close off
  the spinal opening using a durable seal.
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Our Approach
Market Summary

• Further key findings from the report suggest
• The Spina Bifida market held a market share of
  USD 1.90 Billion in the year 2018 that is
  forecasted to grow at a rate of 7.9 during the
  forecast period.
• In context to Disease Type, the Occulta segment
  is projected to witness the fastest growth rate
  of 8.2 during the forecast period, which
  expected to hold, 21.5 of the market by 2027.
  The growth rate witnessed by the Occulta segment
  is attributed to the increasing awareness about
  the condition, symptoms associated with it being
  noticed until later in the life and growing
  geriatric population, which is resulting in a
  growing demand for these treatments for curing
  this type of SB.
• In context to Diagnosis, the Ultrasound segment
  is projected to generate the highest revenue of
  USD 0.86 Billion in 2018, with a significant
  growth rate of 8.3 during the forecast period.
  The fact that ultrasound is the usually used
  diagnosis for this condition that helps in
  identifying the condition before delivery with
  accuracy results in its wide application and
  revenue generated by this segment.
• In regards to End-user, the Hospital segment held
  the largest market share of 49.0 in 2018, with a
  CAGR of 8.0 during the forecast period. The
  market share held by the segment is attributed to
  increasing demand for minimally invasive surgical
  procedures for treating the condition and the
  availability of various surgical facilities in
  these care providing organizations, which results
  in its elevated preference among care users.
• To identify the key trends in the industry, click
  on the link below https//www.reportsanddata.com/
  report-detail/spina-bifida-market

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Our Approach
Market Summary

• Key participants include C. 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..
• 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

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Our Approach
Market Summary

• End-user Outlook (Revenue, USD Billion
  2016-2027)
• Hospital
• Clinics
• Diagnostic centers
• Pharmacies
• Others
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About Us
Our Approach
About Us

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