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Lysosomal Disease Treatment Market 2024 - By Share, Growth, Demand, Trends, Opportunities And Outlook 2033
Lysosomal Disease Treatment Market
According to The Business Research Company's, The lysosomal disease treatment market size has grown strongly in recent years. It will grow from $8.69 billion in 2023 to $9.33 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to advancements in therapeutic approaches, improved understanding and awareness, rise in clinical trials and research efforts, enhancements in diagnostic tools, development of newborn screening programs..
The lysosomal disease treatment market size is expected to see strong growth in the next few years. It will grow to $12.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to gene therapy advancements, continued developments in enzyme replacement therapy (ert), expansion of new therapeutic modalities, enhanced screening and early diagnosis programs, investments in research and development.. Major trends in the forecast period include advancements in enzyme replacement therapy (ert), gene therapy innovations, chaperone therapy development, substrate reduction therapy (srt), expansion of newborn screening programs..
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Market Drivers and Trends:
The rising incidence of lysosomal disorders is expected to propel the growth of the lysosomal disease treatment market going forward. Lysosomal diseases are rare genetic disorders that result in a deficiency of enzymes and the abnormal accumulation of materials in the body. Treatment for these diseases involves degrading stored materials in the lysosome using exogenous enzymes that are synthesized outside the body and infused into the bloodstream. For instance, in December 2021, according to The Lancet, a UK-based peer-reviewed general medical journal, in Australia, the combined prevalence of LSD was 1 per 4,800 live births. There were also 766 confirmed diagnoses of lysosomal storage disorders, which included 38 different disorders, with 32 cases diagnosed prenatally. The average annual incidence per 100,000 live births was 21 (range 16-26), with Fabry disease being the most commonly diagnosed, accounting for 34% of all cases. Additionally, more adults were diagnosed than children, implying that LSD is more common in adulthood than in childhood. Therefore, the rise in the incidence of lysosomal disorders is driving the growth of the home healthcare equipment market.
Collaborative innovation for new disease treatments is a key trend gaining popularity in the lysosomal disease treatment market. Companies operating in the lysosomal disease treatment market are collaborating to advance treatment solutions using innovative technologies to sustain their position in the market. For instance, in August 2021, Eli Lilly, a US-based pharmaceutical company, and Lycia Therapeutics, Inc., a US-based biotechnology company, signed a collaboration and licensing agreement to develop and commercialize novel targeted therapeutics using Lycia's lysosomal targeting chimera (LYTAC) protein degradation technology. This partnership aligns with Lilly's strategy to leverage innovative technology to address challenging disease areas, including lysosomal disorders.
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Major Key Players of the Market:
Eli Lilly and Company; Takeda Pharmaceutical Company Limited; Sanofi SA; Pfizer Inc.; Novartis International AG; Johnson & Johnson Services Inc.; Alexion Pharmaceuticals Inc.; Amicus Therapeutics Inc.; Actelion Pharmaceuticals Ltd.; Sigilon Therapeutics Inc.; BioMarin Pharmaceutical Inc.; Merck & Co Inc.; AstraZeneca PLC; Arena Pharmaceuticals Inc.; Astellas Pharma Inc.; Horizon Therapeutics plc; Leadient Biosciences Inc.; Orphazyme A/S; Recordati Industria Chimica e Farmaceutica S.p.A.; Valerion Therapeutics Llc; Viatris Inc.; Chiese Farmaceutici SpA; Genzyme Corporation; Ultragenyx Pharmaceutical Inc.; Sangamo Therapeutics Inc.; Avrobio Inc.; Axovant Gene Therapies Ltd.; Regenxbio Inc.; Krystal Biotech Inc.; Homology Medicines Inc.; Orchard Therapeutics plc; Sarepta Therapeutics Inc.; Solid Biosciences Inc.
Lysosomal Disease Treatment Market 2024 Key Insights:
• The lysosomal disease treatment market will grow to $12.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
• Surge In Lysosomal Disorders Incidence Catalyzes Expansion Of The Lysosomal Disease Treatment Market
• Eli Lilly And Lycia Therapeutics Pioneer Innovation With Lytac Protein Degradation Technology
• North America was the largest region in the lysosomal disease treatment market in 2023
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