The global enzyme replacement therapy market is anticipated to grow at a significant CAGR during the forecast period. The enzyme replacement therapy is a favorable solution to the people diagnosed with a rarer disease such as Hunter syndrome, Fabery disease, Pompe disease, and many more. The enzyme replacement therapy is not a complete cure for rarer diseases, however, patients who have been treated through the enzyme replacement therapy have their conditions significantly improved. Additionally, enzyme replacement therapy has to be given to the patients for a long time and the end results are completely in favor of the patients. This is anticipated to drive the growth of the enzyme replacement market.
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The global enzyme replacement therapy market is further segmented based on geography into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to hold the largest market share in the Enzyme replacement therapy during the forecast period. Owing to the well-developed healthcare structure in the region coupled with the huge number of patients diagnosed with rarer diseases in the region. According to the Genetic and Rare Disease Information Center (GARD), the number of people living with a rare disease is estimated at between 25-30 million in the US.
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However, the high cost associated with the enzyme replacement therapy as it has to be given to the patient for a longer period is anticipated to challenge the growth of the global enzyme replacement market. Additionally, the less diagnosis rate in the developing countries and low awareness regarding the rarer disease will restrict the growth of the enzyme replacement market during the forecast period.
Global Enzyme Replacement Therapy Market – Segmentation
by Enzyme Types
Agalsidase Beta
Agalsidase Alfa
Galsulfase
Others
by Indication
Fabry Disease
Gaucher Disease
Pompe Disease
Others
Global Enzyme Replacement Therapy Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
AbbVie Inc.
Actelion Pharmaceuticals Ltd
Alexion Pharmaceuticals, Inc.
Amicus Therapeutics Inc.
Audentes Therapeutics Inc.
BioMarin Pharmaceutical Inc
Entrada Therapeutics, Inc.
Horizon Therapeutics plc
Leadiant Biosciences, Inc.
Merck KGaA
Pfizer Inc.
Pharming Group NV
Protalix BioTherapeutics Inc.
Recordati S.p.A.
Sanofi S.A.
Synspira Therapeutics Inc.
Takeda Pharmaceutical Co. Ltd.
TEIJIN Ltd.
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