Press release
Gaucher's Disease Market Outlook 2024: Emerging Therapies and Treatment Trends
Gaucher's Disease
The Business Research Company offers in-depth market insights through Gaucher's Disease Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The gaucher's disease market size has grown strongly in recent years. It will grow from $1.58 billion in 2023 to $1.68 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to enzyme replacement therapy (ert) development, increasing disease awareness, genetic research and diagnosis, patient advocacy initiatives, government incentives for rare diseases.
The gaucher's disease market size is expected to see strong growth in the next few years. It will grow to $2.08 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to next-generation therapies, global patient registry expansion, improvements in access to treatment, personalized medicine approaches, regulatory support for rare diseases. Major trends in the forecast period include technological innovations in treatment monitoring, international collaborations in research, oral therapeutics advancements, expanded newborn screening programs, global collaboration for patient access.
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Market Segmentation:
The gaucher's disease market covered in this report is segmented -
1) By Type: Gaucher Disease Type 1, Gaucher Disease Type 2, Gaucher Disease Type 3, Other Types
2) By Diagnosis: Physical Exam, Blood Tests, Imaging Tests, Preconception Screening and Prenatal Testing, Other Diagnoses
3) By Therapy: Enzyme Replacement Therapy, Substrate Reduction Therapy
4) By Route Of Administration: Oral, Parenteral, Other Routes Of Administration
5) By End User: Hospitals, Specialty Clinics, Homecare, Other End Users
Major Driver - Rising Prevalence Of Genetic Abnormalities Boost Gaucher Disease
The rising prevalence of genetic abnormalities is expected to propel the growth of the Gaucher's disease market going forward. Genetic abnormalities are changes or mutations that occur in the DNA sequence of a person's genes and may result in abnormal features, functions, or characteristics. The inheritance pattern of Gaucher's disease is autosomal recessive, which means that an individual must inherit two copies of the mutated GBA gene, one from each parent, to develop the disease. People with Gaucher's disease do not make enough of this enzyme, which leads to a buildup of fatty substances called lipids in certain organs such as the spleen and liver. For instance, in May 2021 according to MedlinePlus's report, a US-based online information service provider by the United States National Library of Medicine, syndrome A is identified in about 1 in 200,000 Americans each year and currently around 100,000 kids suffer from syndrome B, whereas, it is estimated nearly 12,000 people died globally from syndrome C in the year 2020 and approximately 1% of people in the United States develop disorder D during their lifetimes. Therefore, the rising prevalence of genetic abnormalities is driving the growth of the Gaucher's disease market.
Competitive Landscape:
Major companies operating in the gaucher's disease market report are Pfizer Inc., Johnson & Johnson, Merck and Co. Inc., Novartis AG, Sanofi S.A., Abbott Laboratories, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Moderna Inc., Teva Pharmaceutical Industries Ltd., Boehringer Ingelheim International GmbH, BioMarin Pharmaceutical Inc., CHIESI Farmaceutici SPA, IntraBio Inc., REGENXBIO Inc., JCR Pharmaceuticals Co. Ltd., Ultragenyx Pharmaceutical Inc., Amicus Therapeutics Inc., Pharming Group N.V., Idorsia Pharmaceuticals Ltd., Centogene N.V., Protalix BioTherapeutics, AVROBIO Inc., Resverlogix Corp., GenSight Biologics S.A., ISU Abxis Co. Ltd., SIRION BIOTECH GmbH, Greenovation Biotech GmbH, Orphazyme A/S
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Top Trend - Increasing Focus On Technological Advancements To Drive The Revenues
Major companies operating in the Gaucher's disease market are developing innovative technologies such as NGS (next-generation sequencing) to better serve the patients. Next-generation sequencing (NGS), also known as high-throughput sequencing, is a revolutionary technology that allows rapid and cost-effective sequencing of DNA and RNA molecules. For instance, in February 2023, Eurofins Genomics LLC, a US-based biotechnology company, launched a whole plasmid sequencing service utilizing advanced Gen3 NGS (next-generation sequencing) technology. This revolutionary offering delivers rapid, same-day results with impressive single-base accuracy of up to 99%. By strategically combining the strengths of Sanger sequencing's accuracy and quick turnaround time with the comprehensive analysis capabilities of NGS, the whole plasmid sequencing service bridges the gap between these two methods. This service accommodates long DNA constructs from 2.5 to 300 kb. With this new approach, Eurofins Genomics US empowers researchers with a cost-effective, time-efficient solution for long-read sequencing, offering a unique blend of accuracy and speed in the realm of genetic analysis.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Gaucher's Disease Market Characteristics
3. Gaucher's Disease Market Trends And Strategies
4. Gaucher's Disease Market - Macro Economic Scenario
5. Gaucher's Disease Market Size And Growth
…..
27. Gaucher's Disease Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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Further, the market is segmented based on the applications, types and Geography area such as
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Enzyme Replacement Therapy
Substrate Reduction Therapy
Gaucher Disease Market, by Applications:
Non-Neuronopathic Gaucher Disease
Neuronopathic Gaucher Disease
Geographically,…
