Sixth nerve palsy treatment market is expected to gain market growth in the forecast period of 2021-2028. Data Bridge Market Research analyses the market to account to grow at a CAGR of 4.1% in the above mentioned forecast period.
Sixth nerve palsy is also known as abducens nerve palsy or sixth cranial nerve palsy. It is rare, nerve disorder that affects the eye movement and occurs when the sixth cranial nerve is damaged. The main function of sixth cranial nerve is to send signals to lateral rectal muscles. This small muscle is responsible for turning eye away from the nose. On the weakening of lateral rectal muscle, eye crosses inwards towards the nose. This rare condition is characterised by strabismus, double vision, hearing loss, droopy eyelid, facial weakness, fever, headache, nausea and vomiting.
Rise in the prevalence of sixth nerve palsy and rising incidences of brain tumor, stroke, injury, diabetes and high blood pressure are the driving factors of the sixth nerve palsy treatment market. Furthermore, growing healthcare expenditure, development of treatment options, growing government funding and rising initiatives by government and private organisations to spread awareness about the rare diseases are the factors that will expand the sixth nerve palsy treatment market.
Rise in the research and development activities and growing demand for non-surgical treatment will provide beneficial opportunities for the sixth nerve palsy treatment market in the forecast period of 2021-2028.
However, high cost of treatment and side effects associated with the medication are the factors that will obstruct the market growth and will further challenge the sixth nerve palsy treatment market in the forecast period mentioned above.
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North America dominates the sixth nerve palsy treatment market due to the well-developed healthcare sector, presence of major key players, high disposable income and high healthcare expenditure in this region. Asia-Pacific is expected to grow during the forecast period of 2021-2028 due to the increasing research and development activities, rising investment in the healthcare sector, increasing prevalence of diabetes and growing government support.
The major players covered in the sixth nerve palsy treatment market report are Novartis AG, Sanofi, Baxter, Pfizer Inc., Sumitomo Corporation, Johnson & Johnson Private Limited, AstraZeneca, Cipla Inc., Abbott, Bayer AG, Merck KGaA, Sun Pharmaceutical Industries Ltd., GlaxoSmithKline plc, F. Hoffmann-La Roche Ltd., Allergan, Merck Sharp & Dohme Corp., Mylan N.V., Teva Pharmaceutical Industries Ltd., LEO Pharma A/S, Lilly, Aurobindo Pharma, Lupin, SHIONOGI & Co., Ltd., AbbVie Inc., Tetraphase Pharmaceuticals, and Paratek Pharmaceuticals, Inc., among other domestic and global players.
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