What is Transverse Myelitis Market?
Transverse Myelitis (TM) is a disorder caused by inflammation of both sides of one section of the spinal cord. It is characterized by symptoms and signs of neurologic dysfunction in motor and sensory tracts on both sides of the spinal cord. This neurological disorder often damages the insulating material covering nerve cell fibers (myelin) that interrupts the messages that the spinal cord nerves send throughout the body. There are various causes of this disorder including infections and immune system disorders that attack the body's tissues.
The market study is being classified and major geographies with country level break-up.
Medtronic, Inc. (Ireland), B. Braun (Germany), Fresenius Kabi AG (Germany), Baxter International, Inc. (United States), Amgen Inc. (United States), Johnson & Johnson (United States), Bayer AG (Germany), Pfizer, Inc. (United States), Cerus Corporation (United States) and Haemonetics Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are GlaxoSmithKline plc (United Kingdom) and Bristol Myers Squibb (United States).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Transverse Myelitis market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Transverse Myelitis market by Type, Application and Region.
On the basis of geography, the market of Transverse Myelitis has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Prevalence of Transverse Myelitis
- Increased Expenditure on Healthcare Sector
- Increasing Number of Hospitals and Clinics
- High Cost Associated with the Diagnosis and Treatment of Transverse Myelitis
- Growth in the Healthcare Industry
- Rise in the Research and Development Activities
- Stringent Government Rules and Regulations
In January 2020, Medtronic plc has announced that it has acquired Stimgenics, LLC, a privately-held company based in Bloomington, Illinois, that has pioneered a novel spinal cord stimulation (SCS) waveform known as Differential Target Multiplexed (DTM) Spinal Cord Stimulation. The therapy, which is delivered via the Medtronic Intellis platform, is a new and unique programming option to treat patients with chronic pain.
Key Target AudienceTransverse Myelitis Treatment Providers, Research Professionals, Emerging Companies and End-users
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