Industry Background:
Adenosine deaminase (ADA) deficiency, is an autosomal recessive genetic disorder that damages the immune system and causes severe combined immunodeficiency (SCID). It occurs in fewer than one in 100,1000 births globally, according to the World Health Organisation (WHO). Of late, Food & Drug Administrator (FDA) has granted approval to Revcovi injection in the United States) for the treatment of adenosine deaminase severe combined immune deficiency (ADA-SCID) in pediatric and adult patients.This growth is primarily driven by Most States in the Developed Countries Screen Newborns for Combined Immune Deficiency (SCID).
Globally, a noticeable market trend is evident Research and Development in the Healthcare Industry. Major Players, such as Leadiant Biosciences (Italy), TEIJIN Limited (Japan), ENZON Pharmaceuticals, Inc. (United States) and Others etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In May 2019, Teijin pharma limited launched Revcovi 2.4 mg which is Japan’s first drug for Adnosine diaminase (ADA) deficiency, is an enzyme replacement therapy that is expected to improve ADA activity and the immune system of ADA-deficiency patients.
Market Drivers
- Most States in the Developed Countries Screen Newborns for Combined Immune Deficiency (SCID)
Market Trend
- Research and Development in the Healthcare Industry
Restraints
- Stringent Government Regulations Regarding Drugs Approval
- The Threat of Side Effects Associated With Adenosine Deaminase Deficiency Drugs
Opportunities
Technological Advancement in the Healthcare Industry and Increasing Investment in the Development of Healthcare Infrastructure in the Developing Economies
Challenges
Lack of Awareness in the Emerging Economies and Limited Number of Market Players
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