Osteochondromas Treatment MarketSize and Trends

Global Osteochondromas Treatment Market: Drivers

The global osteochondromas treatment market is expected to witness significant growth during the forecast period owing to research on the pathophysiology and genetic background of osteochondromas. For instance, in 2018, Istituto Ortopedico Rizzoli, a research institute in Italy, completed an observational study on osteochondromas. The study involved maintaining the Registry of Multiple Osteochondromas (REM), a retrospective and prospective registry which collects clinical, functional, genetic, genealogical, imaging, surgical, quality of life data of individuals diagnosed with osteochondromas. Registry of multiple osteochondromas helps in understanding the inherited information of osteochonromas patients, patients follow up after excising the osteochondromata tumors.

Furthermore, key players are focusing on strategies such as mergers and acquisitions for developing an effective treatment for osteochondronmas. For instance, in 2019, Ipsen, a company developing medication in oncology and rare diseases, acquired Clementia Pharmaceuticals, a clinical-stage company that develops innovative treatments for people with ultra-rare bone disorder. The acquisition will transform Ipsen company’s rare disease product portfolio by focusing on developing the drug, palovarotene, an investigational retinoic acid receptor gamma (RARy) selective agonist for treatment of individuals who are affected by multiple osteochondromas and fibrodysplasia ossificans progressiva (FOP), and other diseases.

Global Osteochondromas Treatment Market: COVID-19 Impact Analysis

The COVID-19 pandemic has impacted growth of various markets and it is also expected to hamper growth of the global osteochondromas treatment market during the forecast period. Moreover, osteochondromas can be treated through surgical procedures and pain relief medicines. Due to the COVID-19 pandemic, healthcare professionals are facing difficulties in performing surgical procedures. For instance, according to the US National Library of Medicine Report published in May 2020, healthcare professionals should develop clear base plans regarding essential surgical services that need to be provided in emergency conditions, educating staff and train them on use of personal protection equipment, and also decrease the number of staff needed for surgical procedures and reduce the risk of COVID-19 infection.