About Glial Cell Line Derived Neurotrophic Factor
The glial cell-derived neurotrophic factor is defined as the small protein which potently promotes the survival of numerous types of neurons. In addition, it is mostly found to be effective in preventing the apoptosis of motor neurons which is induced by axotomy. Brain ischemia, retinal degeneration, Parkinson's disease, amyotrophic lateral sclerosis are some of the major application of glial cell line-derived neurotrophic factor market. According to an article published by the Parkinson Association of the Carolinas, more than 7 to 10 million people are suffering from Parkinson's disease. Hence, growth in the aging population and the associated increase in the prevalence of Parkinson's disease and government funding for research are likely to be a prime driver for the global Parkinson's disease treatment market
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.6% |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that Netherlands Players will contribute the maximum growth to Global Glial Cell Line Derived Neurotrophic Factor market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GlaxoSmithKline Plc (United Kingdom), Treeway BV (Netherlands) and UniQure NV (Netherlands) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Glial Cell Line Derived Neurotrophic Factor market by Type (GSK-812, LAUR-301, TW-002, AMT-090 and Other), Application (Amyotrophic Lateral Sclerosis, Brain Ischemia, Parkinson’s Disease, Retinal Degeneration and Others) and Region.
On the basis of geography, the market of Glial Cell Line Derived Neurotrophic Factor 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).
Influencing Trend:
Advancements in Technology have linked the Importance of GDNF in the Treatment of Parkinson’s disease,
Market Growth Drivers:
Growth in Aging Population and the Associated Increase in the Prevalence of Parkinson ’s Disease and Government Funding for Research and Rising Healthcare Awareness Globally
Challenges:
The problem regarding Strong Drug Pipeline
Restraints:
Issue related to Availability of Alternative Treatments
Opportunities:
Rising Demand from Emerging Economics such as China, India, among others and Government Initiatives to Expand the Glial Cell Line-Derived Neurotrophic Factor Market
Market Leaders and their expansionary development strategies
In September 2021, MedGenesis Therapeutix announced a partnership with Parkinson's UK to create Vivifi Biotech, a dedicated company focused on researching GDNF as a potential treatment for Parkinson's disease. This partnership aimed to further develop MedGenesis' existing GDNF program and investigate its potential to regenerate brain cells in Parkinson's patients.
In April 2022, AskBio, a gene therapy company, announced a collaboration with the Michael J. Fox Foundation for Parkinson's Research to develop and commercialize gene therapy using AAV2-GDNF for Parkinson's disease. This partnership aimed to leverage AskBio's gene therapy expertise to deliver GDNF directly to brain cells, potentially offering a more targeted and sustained treatment for Parkinson's.
Key Target Audience
Glial Cell-Derived Neurotrophic Factor Manufacturers, Regulatory bodies, Intermediary Suppliers and End Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.