Lysosomal Storage Disease Treatment Market 2022 Players Targeting Application to Drive Growth by 2030 – Instant Interview
The global lysosomal storage disease treatment market the size should go from 7.57 billion USD in 2020 at 13.41 billion USD in 2027, at a CAGR of 10.2% over the forecast period, 2021-2027. Lysosomal storage diseases (LSD) belong to a group of inherited metabolic diseases that can result from a deficiency in the production of lysosomal enzymes. There are nearly 50 types of lysosomal storage diseases found in different parts of the human body, such as skull, brain, heart, body, skin, and others. Gaucher disease, Pompe disease, Fabry disease are some of the critical lysosomal storage diseases. However, medication facilities for lysosomal storage disease are recently limited and treatment is mainly symptomatic.
Increase in research and development (R&D) for diagnosis and treatment and increase in financial incentives for drug development will increase the demand for lysosomal storage disease treatment, thereby increasing the global market. Factors such as an increase in the rate of diagnosis, an increase in the incidence of lysosomal storage diseases and the implementation of the orphan drug are expected to drive the global growth of the lysosomal storage disease treatment market.
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The growing awareness among people about rare lysosomal storage diseases is also significantly driving the growth of the lysosomal storage disease treatment market in healthcare and pharmaceutical sectors across the globe.
However, underdiagnosed lysosomal storage disease due to lack of heterogeneity of lysosomal disorder, high cost of treatment and lack of treatment options may restrain the growth of lysosomal storage disease treatment in the global market during the forecast period.
Impact of COVID-19 on Lysosomal Storage Disease Treatment Market:
COVID-19 is a global public health disease that has affected almost every industry. The outbreak of COVID-19 has led to a significant decline in demand for the Lysosomal Storage Disease Treatment market across several sectors, primarily healthcare and pharmaceutical sector, as the coronavirus crises grip the world and have led health organizations to dedicate the majority of their funds for the resources needed to fight COVID-19. Additionally, patients receiving treatment for lysosomal storage disease in hospitals are experiencing disruption, primarily due to the threat of infection. Therefore, with the outbreak of COVID-19, the Lysosomal Storage Disease Treatment market will grow at a low rate across the globe, which has negatively impacted the Storage Disease Treatment market value. lysosomal in 2020 and subsequent years.
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The report outlines the Lysosomal Storage Disease Treatment market study based on type, therapy, and end-users.
Based on Disease Type, the Lysosomal Storage Disease Treatment Market has been segmented into –
- Batten disease
- Fabry disease
- Gaucher disease
Based on Therapy, Lysosomal Storage Disease Treatment Market has been segmented into –
- Enzyme replacement therapy
- Stem cell transplant
- Substrate reduction therapy
On the basis of end users, the lysosomal storage disease treatment market has been segmented into –
- Research organizations
Lysosomal Storage Disease Treatment Market: Regional Outlook
Based on region, the global lysosomal storage disease treatment market has been segmented into five geographical regions, namely, North America, Asia-Pacific, Europe, South America, Middle East and Africa. In 2020, North America held the largest market size share in the lysosomal storage disease treatment market, followed by Europe and Asia-Pacific, owing to the prevalence and l incidence of lysosomal storage diseases and increasing R&D expenditures for the treatment of lysosomal storage. disease in the region. Additionally, Asia-Pacific is expected to grow at the highest CAGR in the world during the forecast period, owing to the high prevalence of abnormalities and hereditary disorders associated with lysosomal storage and the booming infrastructure of health care in the region.
Key Competitors in the Global Lysosomal Storage Disease Treatment Market include-
The lysosomal storage disease treatment market is highly fragmented, with a large number of small players across the globe. Vital Lysosomal Storage Disease Treatment Manufacturers operating in the global market are-
- Pfizer, Inc.
- Sanofi (Genzyme Corporation)
- Eli Lilly and company
- BioMarin Pharmaceutical Inc.
- Actelion Pharmaceuticals Ltd.
- Merck & Co., Inc.
- Shire plc
- Protalix Biotherapeutics Inc.
- Amicus Therapeutics Inc.
- Raptor Pharmaceutical Corp.
The Lysosomal Storage Disease Treatment Market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes the entries.
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Lysosomal Storage Disease Treatment Market Report Covers Comprehensive Analysis on:
- Market Segmentation and Regional Analysis
- 10 year market size
- Price analysis
- Supply and demand analysis
- Product life cycle analysis
- Porter’s Five Forces and Value Chain Analysis
- Analysis of developed and emerging economies
- PEST analysis
- Factor analysis of the market and forecasts
- Opportunities, risks and market trends
- Conclusion and recommendation
- Regulatory landscape
- Patent Analysis
- Competition Landscape
- More than 15 company profiles
Lysosomal Storage Disease Treatment Market Regional Analysis Includes:
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA
Lysosomal Storage Disease Treatment Market: Target Audience
- Lysosomal Storage Disease Treatment Manufacturers
- Investors and trading experts
- Manufacturers, Distributors and Healthcare Providers
- Trade publications and magazines
- Government authorities, associations and organizations