Global Bellís Palsy Treatment Market Highlighting Regional Revenue Share Dominance during 2018-2028

From: Fact.MR
Published: Mon Jan 07 2019

The primary factor driving the Bellís palsy treatment market is the increasing prevalence of ear and eye infections, which are the major causes of Bellís palsy. Moreover, unfavourable changes in the lifestyles of people is also boosting the prevalence of Bellís palsy. Rising awareness among the people about the Bellís palsy treatment is also expected to increase its demand over the forecast period. In addition, high focus of leading pharmaceutical companies to manufacture the more improved drugs for Bellís palsy treatment will also be responsible for the robust growth of this market. On other hand, the ignorance of patients about opting for Bellís palsy treatment during the early onset of the disease is likely to restrain market growth. Moreover, lack of approved drugs for the appropriate Bellís palsy treatment is also likely to hamper the growth of this market to a certain extent.
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Bellís palsy is a chronic medical condition that causes temporary weakness or paralysis of the facial muscles. Bellís palsy generally occurs when the nerves that control the facial muscles become inflamed, swollen, or compressed. Patients suffering from Bellís palsy find it difficult to smile or close their eyes as it affects one side of face. Bellís palsy is common among people aged between 16 to 60 years. It usually occurs after the patient suffers from cold, ear infection or eye infection for one or two weeks or more. However, the exact cause of damage of the cranial nerve due to Bellís palsy is still unknown. Patients suffering from diabetes or lung infection are highly susceptible to Bellís palsy.
Bellís palsy is diagnosed by various blood tests to check the presence of bacterial or viral infection. MRI or CT is also used for the final diagnosis of Bellís palsy by scanning the nerves of patients. Corticosteroids and anticonvulsants are used as the first line of treatment by physicians for the treatment of Bellís palsy. These drugs are given in combination with anti-bacterial and anti-viral medications. Over-the-counter pain medications, such as ibuprofen or acetaminophen, can also be used by patients for temporary relief from Bellís palsy. Moreover, eye drops and ear drops are also used along with these medications if the root cause of Bellís palsy is ear or eye infection. Various home remedies are also used by patients to manage Bellís palsy, such as facial massage, physical therapy exercises, a warm & moist towel over your face to relieve pain, etc.
The Bellís palsy treatment market is expected to witness exponential growth over the forecast period owing the rising prevalence of Bellís palsy. According to some studies, the annual incidence of Bellís palsy is 15-30 cases per 100,000 population. Bellís palsy is most prevalent among the geriatric population.
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The leading drug manufacturers of Bellís palsy treatment are focus to develop more improved drugs to boost their market share. Large funding is provided by investors and the government for research and development to develop more appropriate drugs for Bellís palsy treatment. By drug class, corticosteroids and anticonvulsants are expected to collectively gain majority of the revenue share of the global Bellís palsy treatment market. Among all end users, online pharmacies is the fastest-growing segment due to the rising adoption of e-commerce.
Bellís palsy Treatment Market: Regional Outlook
Geographically, the global Bellís palsy treatment market is segmented into North America, Latin America, Europe, Asia-Pacific excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). North America is expected to gain maximum market share in terms of revenue owing to awareness among the people about Bellís palsy treatment. The North America Bellís palsy treatment market is followed by Western Europe and Eastern Europe owing to the presence of the maximum number of pharmaceutical companies in these regions. The Asia-Pacific excluding Japan region is expected to grow at a faster rate as compared to other regions due to the rising incidence of Bellís palsy. In APEJ, Bellís palsy is most prevalent in India and China. However, Latin America and Middle East & Africa are expected witness delayed growth due to lack of awareness among the people in these regions.
Bellís Palsy Treatment Market: Key Players
Some of the key players operating in the global Bellís palsy treatment market are Pfizer Inc.; Bristol-Myers Squibb and Company; Eli Lily and Company; Johnson & Johnson Services, Inc.; GlaxoSmithKline PLC; Bayer AG; Sanofi S.A.; Novartis AG; Teva Pharmaceutical Industries Ltd. and Gilead Sciences, Inc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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