Moyamoya disease is a rare, progressive cerebrovascular disorder characterized by the narrowing of certain arteries at the base of the brain. Companies involved in the field of Moyamoya disease may focus on various aspects, including research, diagnostics, and therapeutic interventions.
Merck & Co. Received US FDA priority review for sotatercept, an experimental therapy for Moyamoya disease and other progressive blood vessel disorders.Target action date for the review is March 26, 2024. Approval would solidify Merck's position in the Moyamoya disease market.
Valenta Pharmaceuticals Launched Ethoxidol, a new generation antioxidant for treating chronic brain ischemia (cerebrovascular insufficiency) associated with Moyamoya disease.Ethoxidol's unique mechanism of action has the potential to improve outcomes for patients with Moyamoya disease.
Abbott Laboratories Continues to market its Xience V balloon expandable stent system for revascularization procedures in Moyamoya disease.Xience V stents are designed to minimize re-narrowing of the artery after angioplasty, a common complication in Moyamoya disease patients.
Boston Scientific Corporation Offers its Solitaireâ„¢ FR reperfusion device for minimally invasive treatment of Moyamoya disease-related ischemic strokes.The Solitaire device is effective in removing blood clots and restoring blood flow to the brain.
List of Moyamoya Disease Key Companies in the Market
The moyamoya disease market is projected to reach USD 1360.54 Million by 2030 at 5.2% CAGR during the forecast period 2022-2030.Moyamoya disease (MMD) is a chronic, cerebrovascular disease characterized by progressive stenosis in the internal carotid artery and an abnormal vascular network at the base of the brain. The stroke is one of the significant symptoms of moyamoya disease, which further leads to paralysis of the face, arms, and legs, loss of speech, and temporary loss of neurologic function of body parts, visual disturbances, headaches, developmental delay, and seizures.
According to the National Organization for Rare Diseases, in Japan, moyamoya disease is estimated to occur in 1 per 1 million people, and the condition is more prevalent in females under the age of 20. It is also reported that nearly 10% of cases of moyamoya disease in Asian countries have a genetic cause. Recently, two major mutations have been found to be associated with a specific population of moyamoya patients i.e. R179, and RNF213 mutations.
Intended Audience
Key Players
Some of key the players in the moyamoya disease market are Abbott Laboratories, Boston Scientific Corporation, Cephalon, Inc., Cordis Corporation, Eisai Co., Ltd, GE Healthcare, Genentech Inc., GlaxoSmithKline PLC., Johnson & Johnson, Koninklijke Philips N.V., Medtronic plc, Merck & Co. Inc., Novartis AG, Pfizer, Inc., Sanofi, Siemens, Stryker,, Sunovion Pharmaceuticals, Inc., UCB Pharma Ltd., Valeant Pharmaceuticals International, Inc. and others.
Research Methodology 
Sources: Annual reports, Press release, White paper, and Company presentation
It is noted that growing public awareness and technological advancements are the key factors driving the moyamoya disease market. Nowadays, people are becoming more aware of different types of neurological disorders. Government and other different organizations have started educating people about hygiene and diseases through seminars, and conferences. People are becoming more aware and health conscious. Thus, increasing awareness has provided a push to the growth of the market. The new and existing marketers are also contributing to control this condition. For instance, on April 13, 2016, Silk Road Medical, Inc., received FDA approval for its next-generation ENROUTE Transcarotid Neuroprotection System (NPS). The NPS is specifically designed and indicated for transcarotid artery revascularization.
Various other factors such as increased incidence of neurological disorders, unmet medical needs, increasing government assistance, improving regulatory framework, increasing adoption rate, and rising funding and reimbursement are continuously contributing to the growth of the moyamoya disease market.
Despite these drivers, there are some issues associated with moyamoya disease market. The challenges in research and development, cost of treatment, side-effects of treatment, the presence of misbranded and spurious drugs, and poor healthcare system in low and middle-income countries, may hinder the growth of the market to an extent.
Segmentation
The moyamoya disease market is segmented on the basis of diagnosis, treatment, and distribution channels.
On the basis of the diagnosis, the market is classified as a cerebral angiogram, magnetic resonance imaging (MRI), magnetic resonance angiogram (MRA), computed tomography (CT) scans, transcranial Doppler ultrasound, positron emission tomography (PET) scan, and electroencephalography (EEG).
On the basis of the treatment, the moyamoya disease market is classified as surgical treatment and non-surgical treatment. The surgical treatment is further classified as pial synangiosis, indirect procedures, and direct arterial bypass. The sub-segment of indirect procedures includes EDAS (encephaloduroarteriosynangiosis), EMS (encephalomyosynangiosis), Omental transposition/transfer, and dural inversion. The non-surgical treatment is further classified as anticoagulation and antiplatelet therapy, and others. The sub-segment of anticoagulation and antiplatelet therapy include heparin, warfarin, aspirin, and others.
On the basis of the distribution channel, the moyamoya disease market is segmented into hospitals, clinics, diagnostic centers, drug stores, pharmacies and others.
Regional Analysis
The Americas dominate the moyamoya disease market owing to the rising awareness among people, and high healthcare expenditure. According to the Centers for Disease Control and Prevention in 2015, the total health expenditure in the United States was reported to be USD 3.2 trillion and hospital care accounted for a share of 32.3%.
Europe holds the second position in the moyamoya disease market. It is expected that the support provided by the government bodies for research & development and improvement in reimbursement policies in the healthcare is likely to drive European market.
The Asia Pacific is the fastest growing moyamoya disease market owing to a huge patient pool and developing healthcare technology. Healthcare expenditure is also improving in various Asia Pacific countries. According to the Australian Institute of Health and Welfare in the years 2015-2016, the total health expenditure was USD 170.4 billion, which is 3.6% higher than the expenditure of 2014-2015
The Middle East & Africa holds the lowest share of the global market due to lack of technical knowledge and poor medical facilities.
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)