Global Mucopolysaccharidosis Treatment Market Strategies 2024, Forecast To 2033
8 Mar, 2024
The mucopolysaccharidosis treatment market has experienced robust growth, with a rise from $2.2 billion in 2023 to $2.38 billion in 2024, representing a compound annual growth rate (CAGR) of 8.5%. This growth is attributed to advancements such as enzyme replacement therapy (ERT), improved diagnostic tools, advocacy efforts, gene therapy developments, and healthcare infrastructure enhancements. Forecasts indicate continued expansion, reaching $3.19 billion in 2028 at a CAGR of 7.5%. Anticipated developments include gene editing advancements, regulatory support, patient access initiatives, and emerging therapeutic modalities, along with trends focusing on caregiver support programs, symptom management, global access expansion, and biomarker advancements.
Global Mucopolysaccharidosis Treatment Market Key Driver
The increasing prevalence of various forms of mucopolysaccharidosis is expected to drive the growth of the mucopolysaccharidosis treatment market. With mucopolysaccharidosis therapy playing a crucial role in managing these complex conditions, its demand is expected to increase alongside the rising prevalence of the disease. For instance, the National Library of Medicine reported a significant number of births with MPS I, MPS III, and MPS VI, highlighting the need for effective treatment options. This increasing prevalence underscores the importance of advancing mucopolysaccharidosis treatment solutions, thereby driving market growth.
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The mucopolysaccharidosis treatment market covered in this report is segmented –
1) Treatment:Enzyme Replacement Therapy, Stem Cell Therapy
2) Disease:Mucopolysaccharidosis- I, Mucopolysaccharidosis- II, Mucopolysaccharidosis-IV, Mucopolysaccharidosis-VI, Other Diseases
3) Route of Administration:Intravenous, Intracerebroventricular
4) End-User:Hospitals, Specialty Clinics, Other End-Users
By Geography: The countries covered in the mucopolysaccharidosis treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the mucopolysaccharidosis treatment market in 2023. The regions covered in the mucopolysaccharidosis treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Mucopolysaccharidosis Treatment Industry Players
Pfizer Inc.; Johnson & Johnson; Roche Holding AG; Merck & Co. Inc.; AbbVie Inc.; Novartis AG; Sanofi S.A.; Bristol-Myers Squibb Company; GlaxoSmithKline plc; Takeda Pharmaceutical Co. Ltd.; Teva Pharmaceutical Industries Ltd.; BioMarin Pharmaceuticals Inc.; Mallinckrodt Pharmaceuticals; Green Cross Corporation; Sarepta Therapeutics Inc.; Esteve SA; JCR Pharmaceuticals Co. Ltd.; Ultragenyx Pharmaceutical Inc.; RegenxBio Inc.; Sangamo Therapeutics Inc.; Audentes Therapeutics Inc.; Eidos Therapeutics Inc.; Neurogene Inc.; Immusoft Corporation; Bioasis Technologies Inc.; Paradigm Biopharmaceuticals Ltd.; Rimedion Inc.; Eloxx Pharmaceuticals Inc.; iBio Inc.; Abeona Therapeutics Inc.
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Mucopolysaccharidosis Treatment Market Overview
Mucopolysaccharidosis (MPS) treatment is the therapy of hereditary illnesses in which the body cannot break down glycosaminoglycan (long sugar chains) due to the lack or failure of certain enzymes. A deficiency or malfunction of a specific lysosomal enzyme commonly causes mucopolysaccharidosis.