The Gaucher and Pompe Diseases Enzyme Replacement Therapy Market Size is anticipated to be valued US$ 3.3 billion in 2023, growing to US$ 6.2 billion by 2033. The market is estimated to increase at a CAGR of 6.6% during the forecast period.
Growing enzyme deficiencies and lysosomal storage disorders such as Gaucher, Pompe, and Fabry are driving market growth. Because of improved patient awareness of Pompe disease treatment, the market is expanding. Furthermore, the rising prevalence of metabolic disorders, hazardous body cells, and unusual diseases is increasing demand for Gaucher and Pompe disease enzyme replacement therapy (ERT).
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Healthcare companies are developing improved enzyme replacement therapy solutions, which will have an impact on market potential. Several life-threatening chronic diseases are increasing the demand for Gaucher disease diagnosis among healthcare providers. Additionally, growing economies, the medical tourism industry, and substantial investments are increasing market potential.
According to the National Fabry Foundation, about 7,713 people in the United States will have Fabry disease in May 2020. Similarly, the National Institute of Neurological Disorders and Stroke reported that over 40,000 people in the United States were diagnosed with Pompe disease in August 2021.
High Treatment Costs Hamper the Market Growth
The availability of uncommon illness treatment resources is driving market expansion. In contrast, rising treatment and therapy expenses, as well as a scarcity of competent specialists, are limiting market expansion. Furthermore, the availability of alternative or low-cost remedies and therapies limits market growth.
Key Takeaways:
- The enzyme replacement therapy (ERT) market for Gaucher and Pompe disorders is anticipated to be worth US$ 6.2 billion by 2033.
- The global market is growing at a CAGR of 6.6% over the predicted period.
- The US market is expected to account for 6.1% of the CAGR through 2033.
- During the projected period, the United Kingdom Gaucher and Pompe diseases enzyme replacement therapy (ERT) market is expected to grow at a CAGR of 6.9%.
- Over the forecast period, the China market is expected to grow at a CAGR of 7.1%.
- By 2033, the Canadian market might grow at a 6.9% CAGR.
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Who is Winning?
Key players focus on patients’ requirements and launching innovative products to improve their health. Research and development in advanced therapy treatment equipment for patients for a better quality of life with compelling results may drive market growth.
Players upsurge the market size through marketing methodologies, including agreements, collaborations, partnerships, product launches, mergers, and acquisitions.
Other Prominent Players in the Global Market:
- Alexion Pharmaceuticals, Inc.
- Pfizer
- BioMarin Pharmaceuticals Inc
- Ultragenyx Pharmaceutical Inc.
- Janssen Pharmaceuticals, Inc (J&J)
- Sigma-Tau Pharmaceuticals Inc,
- AbbVie Inc.
- Sanofi S.A.
- Shire Plc
- Merck KGaA
- Takeda Pharmaceuticals
Recent Developments in the Gaucher and Pompe Diseases Enzyme Replacement Therapy (ERT) Market are:
- In November 2019, according to National Center for Biotechnology Information, Brineura launched enzyme replacement therapy for Neuronal Ceroid Lipofuscinosis Type 2 Disorder.
- In September 2021, Takeda Pharmaceutical Company partnered with JCR Pharmaceuticals Company for hunter syndrome treatment in the United States.
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Gaucher and Pompe Diseases Enzyme Replacement Therapy (ERT) Market by Category
By Therapeutic Condition
- Gaucher Disease:
- Type 1 (Non-neuropathic)
- Type 2 (Acute Infantile Neuronopathic)
- Type 3 Gaucher Disease (Chronic Neuronopathic)
- Perinatal Lethal Gaucher Disease
- Cardiovascular Gaucher Disease:
- Pompe Disease
- Classic Infantile-onset
- Late-onset
By Route of Administration:
- Oral
- Parental
By Distribution Channel:
- Hospital Pharmacies
- Specialty Treatment Pharmacies
- Retail Pharmacies
- Online Pharmacies
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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