Tay-Sachs Disease Treatment Market Size to 2026 : Major Players are Recursion Pharmaceuticals, Inc, IntraBio Inc, Johnson & Johnson Services, Inc, Axovant Sciences, Inc., Pfizer, Inc
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Key Market Players:
Recursion Pharmaceuticals, Inc, IntraBio Inc, Johnson & Johnson Services, Inc, Axovant Sciences, Inc., Pfizer, Inc, Eli Lilly and Company, Bristol-Myers Squibb Company, AstraZeneca, Novartis AG, and others.
Tay-Sachs disease is also known as Hexosaminidase A deficiency is a rare inherited neurodegenerative disease caused by absence of enzyme called hexosaminidase A which results in accumulation of G2 gangliosides. These materials build up in the brain and affect the function of the nerve cells and cause other neurological problem.
According to the statistics published in the Orphanet, an estimated prevalence population of Tay-Sachs is 1 in every 320, 000 live births. High demand of novel treatment and huge investment on research and development are drivers for market growth.
Family history of Tay-Sachs disease is driving the growth of the market
Huge financial support to the researchers for developing novel intervention is boosting the market growth
High demand of disease specific novel treatment can also act as a market driver
Emergence of drugs used to treat complication associated with Tay-Sachs disease is enhancing the market growth
Limited operating revenue opportunities for research and development of targeted therapies by many pharmaceuticals is acting as a challenging factor for the growth of this market
Low healthcare budget in some developing countries is hamper the market growth
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Segmentation: Global Tay-Sachs Disease Treatment Market
Infantile Tay - Sachs Disease
Juvenile Tay-Sachs Disease
Late-Onset Tay-Sachs Disease
By Route of Administration
By End Users
Rest of South America
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East & Africa
Key Developments in the Market:
In March 2019, Axovant Sciences, Inc, reported clinical data for AXO-AAV-GM2, a gene therapy for the treatment of Tay-Sachs disease. The trial demonstrated well-tolerated with no serious adverse events evaluated in the 30-month-old patient with advanced infantile Tay-Sachs disease. This clinical trial results leverages the expertise in the treatment of GM2 Gangliosidosis including Tay-sachs disease.
In February 2019, IntraBio Inc. filed Investigational New Drug (IND) application to the FDA for IB1001-202 for the treatment of Tay-Sachs and Sandhoff Disease. The IND approval represents significant milestones for both the patients in need.
Global Tay-sachs disease Treatment Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global Tay-sachs disease Treatment Market market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
Current and future of global Tay-sachs disease treatment market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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