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There is a significant unmet need for patients who suffer from severe, debilitating diseases like periodic fever syndromes, particularly children. There are no specific confirmatory laboratory or genetic tests to detect these conditions, however, the increase in the number of clinical trials taking place across the world are expected to significantly aid the industry growth. In developed regions like the United States and the European Union, the growing investments by the governments and stringent health regulations are driving the growth of the regional markets.
Earlier, there was no approved medicine for the treatment of TNF Receptor-Associated Periodic Syndrome (TRAPS), Hyperimmunoglobulinemia D Syndrome (HIDS)/ Mevalonate Kinase Deficiency (MKD), and Familial Mediterranean Fever (FMF). In September 2016, Novartis AG (NYSE: NVS), a key player in the industry, announced that the company has received three new approvals from the US Food and Drug Administration (FDA) for the expanded use of Ilaris® (canakinumab) to treat these rare and distinct types of periodic fever syndromes. Ilaris has already got approval for the treatment of the periodic fever syndrome CAPS in over 70 countries, like in the EU, Switzerland, Canada, and Japan. Such developments are expected to positively aid the industry growth over the forecast period.
Market Breakup by Treatment, Indication, Route of Administration, Distribution Channel, End Use, and Region:
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The major players in the global periodic fever syndrome market are Swedish Orphan Biovitrum AB, Novartis AG, and Texas Allergy Group, PLLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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