Press release
Genetic Disorders Market to Grow at a CAGR of 13.68%, Leading Players Amicus Therapeutics, Inc.; Alexion Pharmaceuticals, Inc.; Sanofi; Takeda Pharmaceutical Company Limited; Vertex Pharmaceuticals Incorporated
Genetic Disorders Market
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Data Bridge Market Research released a new market study on Global Genetic Disorders Market with market data Tables, Pie Chart, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The research report presents a complete assessment of the market and contains a future trend, current growth factors, attentive opinions, facts, and industry-validated market data.
Market Definition: Global Genetic Disorders Market
Genetic disorders inherited disorders that are passed onto the next-generation by gene transferring from one generation to the others. These disorders are highly complicated and rare to treat and require specialized treatments/therapeutics for their improvements and reduced prevalence amongst patients. These disorders are generally characterized as life-threating and are progressive in nature with each disease carrying different symptoms. Currently, the pipeline for treatment of these disorders is abundant with a number of therapeutics currently in the late-stage of their trials.
Market Drivers
Prevailing cases of genetic and chronic disease along with the increasing government initiatives in creating awareness regarding the genetic test and diagnosis; acts as a driver for the growth of this market
Significant volume and strength of pipeline drugs and therapies for genetic disorders; this factor is expected to boost the growth of the market
Increasing technological advancement and R&D funding is another factor which will surge the market growth
Increasing prevalence of drugs being approved in the recent years along with various drugs entering their last or late-stage of development; this factor is expected to propel the growth of the market
Market Restraints
Significant prevalence and attrition towards reduction of drugs in clinical trial for genetic disorders; this factor is expected to hinder the growth of the market
High costs associated with the diagnosis and identification of genetic disorders can restrict the market growth
Complications related to social and ethical categories with the utilization of genetic testing; this factor is expected to act as a restraint in the market growth
Segmentation: Global Genetic Disorders Market
By Indication
Cystic Fibrosis (CF)
Duchenne Muscular Dystrophy (DMD)
Lysosomal Storage Disease (LSD)
Paraoxysmal Nocturnal Hemoglobinuria (PNH)
By Disease Type
Alzheimer’s Disease
Cancer
Cystic Fibrosis
Sickle Cell Anemia
Duchenne Muscular Dystrophy (DMD)
Thalassemia
Huntington’s Disease
Rare Diseases
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
U.K.
France
Spain
Netherlands
Belgium
Switzerland
Turkey
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
South America
Brazil
Rest of South America
Middle East and Africa
South Africa
Rest of Middle East and Africa
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Key Developments in the Market:
In June 2019, Vertex Pharmaceuticals Incorporated announced that they had expanded their gene editing capabilities for the development of novel therapies in Duchenne Muscular Dystrophy (DMD) and Myotonic Dystotrophy Type 1 (DM1) with the help of an expansion on the existing collaboration with CRISPR Therapeutics along with the acquisition of Exonics Therapeutics
In August 2018, U.S. FDA announced that they had approved “Galafold (migalastat)”, first approved oral medication for the treatment of “Fabry” disease having a genetic mutation responsive towards treatment with “Galafold”. The U.S. FDA has granted the approval for the drug to Amicus Therapeutics, Inc. having received accelerated approval pathway with the most extreme reactions against the drug being headache, throat & nasal irritation, fever, nausea and urinary tract infection
Competitive Analysis:
Global genetic disorders 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 genetic disorders market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
Current and future of global genetic disorders 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
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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Contact:
Data Bridge Market Research
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UK: +44 208 089 1725
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Email: Corporatesales@databridgemarketresearch.com
About Data Bridge Market Research:
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