2024 Global Fabry Disease Treatment Market Report: Key Drivers, Size, and Leading Segments
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What Growth Rate is Predicted for the Fabry Disease Treatment Market for 2024-2033?
The Fabry disease treatment market has shown solid growth, anticipated to grow from $1.92 billion in 2023 to $2.09 billion in 2024, at a CAGR of 8.8%. Factors include rising awareness, increasing adoption of enzyme replacement therapies, and growing healthcare infrastructure.
The Fabry disease treatment market is expected to see strong growth, reaching $2.94 billion by 2028 with a CAGR of 8.9%. Growth factors include the increasing prevalence of the disease, rising awareness and diagnosis rates, expanding healthcare infrastructure, and growing investment in rare disease research. Major trends involve advancements in gene therapy, enzyme replacement therapies, diagnostic techniques, novel therapies, and integration of digital health technologies for patient management.
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What Drivers Are Enhancing the Fabry Disease Treatment Market’s Growth?
The rising incidence of renal diseases is expected to stimulate growth in the Fabry disease treatment market. Renal diseases affect the kidneys’ functionality and are on the rise due to genetic factors, lifestyle choices, environmental influences, and other health conditions. Fabry disease results from the buildup of globotriaosylceramide (Gb3) in kidney cells, leading to damage, underscoring the importance of early detection and treatment to avoid kidney issues. For instance, in December 2023, the Australian Bureau of Statistics reported that 246,200 people (1.0% of the population) had kidney disease in 2022, reflecting a 0.2% increase over the past decade. Consequently, the rising incidence of renal diseases is fueling the growth of the Fabry disease treatment market.
What Segments Are Central to the Fabry Disease Treatment Market?
1) By Treatment: Substrate Reduction Therapy, Enzyme Replacement Therapy, Chaperone Treatment, Other Treatments
2) By Route Of Administration: Oral Route, Intravenous Route
3) By Disease Severity: Classic Fabry Disease, Late-Onset Fabry Disease
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
What Emerging Trends Are Influencing Fabry Disease Treatment Industry Dynamics?
Companies in the Fabry disease treatment market are exploring plant cell-based therapies to enhance treatment effectiveness. In May 2023, Chiesi Global Rare Diseases and Protalix BioTherapeutics received approval for ELFABRIO, an enzyme replacement therapy produced in plant-cell culture, aimed at improving patient outcomes.
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Which Geographic Locations Are Critical to the Growth of the Fabry Disease Treatment Market?
North America was the largest region in the fabry disease treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fabry disease treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Fabry Disease Treatment Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the fabry disease treatment market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Fabry Disease Treatment Market Include
1. Fabry Disease Treatment Market Executive Summary
2. Fabry Disease Treatment Market Segments
3. Fabry Disease Treatment Market Size And Template Market Growth Rate
4. Key Fabry Disease Treatment Market Trends
5. Major Fabry Disease Treatment Market Drivers
……
25. Key Mergers And Acquisitions In The Fabry Disease Treatment Market
26. Top Fabry Disease Treatment Companies
27. Fabry Disease Treatment Market Opportunities And Strategies
28. Fabry Disease Treatment Market, Conclusions And Recommendations
29. Appendix
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