MICROSCOPIC POLYANGIITIS MARKET ANALYSIS

Microscopic Polyangiitis MarketSize and Trends

Microscopic Polyangiitis Market Drivers

In the recent past, various regulatory bodies such as European Medicines Agency (EMA), the U.S. Food and Drug Administration (FDA), Medicines and Healthcare products Regulatory Agency (MHRA), and others have granted treatment related approvals. Such treatment approvals are expected to propel the global microscopic polyangiitis market growth over the forecast period. For instance, in October 2018, Genentech, Inc., a San Francisco-based biotechnology company, received approval from the U.S. Food and Drug Administration (FDA) to update the Rituxan label to include the follow-up treatment information of adult patients suffering from granulomatosis with polyangiitis and microscopic polyangiitis, who had shown improvement in medical condition with the glucocorticoid and cyclophosphamide induction treatment.

Launch of new treatment methods by key players is expected to drive the global microscopic polyangiitis market growth over the forecast period. For instance, in July 2018, InflaRx N.V., a German clinical stage bio-pharmaceutical company, received an approval from the U.S. Food and Drug Administration (FDA) for conducting phase-2 clinical trials to assess the safety and effectiveness of IFX-1 for treatment of anti-neutrophil cytoplasmic autoantibody (ANCA) vasculitis, presence of which indicates that the patient is suffering from microscopic polyangiitis. IFX-1 is an inhibitor of the complement system (a component of immune system) and neutralizes C5a component without affecting the normal immune functions. These factors are expected to drive the global microscopic polyangiitis market growth over the forecast period.

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