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Mucopolysaccharidosis Treatment Global Market Top Companies, Trends and Future Prospects Details for Business Development 2033
Mucopolysaccharidosis Treatment Global Market
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According to The Business Research Company's, The mucopolysaccharidosis treatment market size has grown strongly in recent years. It will grow from $2.2 billion in 2023 to $2.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to enzyme replacement therapy (ert), improved diagnostic tools, advocacy and awareness, gene therapy development, healthcare infrastructure development.
The mucopolysaccharidosis treatment market size is expected to see strong growth in the next few years. It will grow to $3.19 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to advancements in gene editing, regulatory changes and support, patient access initiatives, emerging therapeutic modalities, precision medicine approaches. Major trends in the forecast period include caregiver support programs, focus on symptom management, education and training initiatives, expanded global access, advances in biomarker development.
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Market Drivers and Trends:
The increasing prevalence of various forms of mucopolysaccharidosis is expected to propel the growth of the mucopolysaccharidosis treatment market going forward. Mucopolysaccharide is a form of complex carbohydrate that accumulates in bodily tissues because the individual affected lacks the particular enzyme required to digest it. Mucopolysaccharidosis (MPS) therapy can help prevent disease development by lowering glycosaminoglycan (GAG) formation in the body, controlling symptoms, and preventing complications through various therapeutic approaches. For instance, in February 2021, according to a report shared by National Library of Medicine, a US-based medical library, there were 3.62 MPS I and MPS VI births for every 100,000 live births. MPS III represented 11% of all cases, with a calculated rate of 1.8 per 100,000 live births. Therefore, the increasing prevalence of various forms of mucopolysaccharidosis will drive the mucopolysaccharidosis treatment market.
Product innovation is a key trend gaining popularity in the mucopolysaccharidosis treatment market. Major companies operating in the mucopolysaccharidosis treatment market are focused on new product innovations to sustain their position in the market. For instance, in March 2021, JCR Pharmaceuticals, a Japan-based pharmaceuticals company, announced the approval of IZCARGO (Pabinafusp Alfa) for the treatment of mucopolysaccharidosis II (MPS II, or Hunter syndrome) in Japan. It is the first approved enzyme replacement therapy for MPS II to penetrate the blood-brain barrier via intravenous administration, validating JCR's J-Brain Cargo Technology. The product is a recombinant iduronate-2-sulfatase enzyme replacement therapy (ERT) that uses J-Brain Cargo, a proprietary technology that delivers therapeutics across the blood-brain barrier (BBB). It is the first-ever approved ERT that crosses the BBB via intravenous administration, which could be life-changing for people with lysosomal storage disorders (LSDs) like MPS II.
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Major Key Players of the Market:
Pfizer Inc., Johnson & Johnson, Roche Holding AG, Merck & Co. Inc., AbbVie Inc., Novartis AG, Sanofi S.A., Bristol-Myers Squibb Company, GlaxoSmithKline plc, Takeda Pharmaceutical Co. Ltd., Teva Pharmaceutical Industries Ltd., BioMarin Pharmaceuticals Inc., Mallinckrodt Pharmaceuticals, Green Cross Corporation, Sarepta Therapeutics Inc., Esteve SA, JCR Pharmaceuticals Co. Ltd., Ultragenyx Pharmaceutical Inc., RegenxBio Inc., Sangamo Therapeutics Inc., Audentes Therapeutics Inc., Eidos Therapeutics Inc., Neurogene Inc., Immusoft Corporation, Bioasis Technologies Inc., Paradigm Biopharmaceuticals Ltd., Rimedion Inc., Eloxx Pharmaceuticals Inc., iBio Inc., Abeona Therapeutics Inc.
Mucopolysaccharidosis Treatment Market 2024 Key Insights:
• The mucopolysaccharidosis treatment market size is expected to see strong growth in the next few years. It will grow to $3.19 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.
• Rising Prevalence Of Mucopolysaccharidosis Sparks Growth In The Mucopolysaccharidosis Treatment Market
• Jcr Pharmaceuticals Unveils Mucopolysaccharidosis Therapy With Blood-Brain Barrier Penetration
• North America was the largest region in the mucopolysaccharidosis treatment market in 2023
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