Fabry Disease Market Research Report: by type (type-1 and type-2), diagnosis & treatment (diagnosis (blood test, urine test, imaging, others, treatment (Enzyme Replacement and Gene Therapy, Anticonvulsants, others))), by end user - Global Forecast Till 2027
Fabry Disease Market Scenario
Fabry disease market is expected to grow significantly over the forecast period. It is anticipated that the market held a valuation of USD 794.6 million in 2017 and is projected to grow at a CAGR of 6.8% over the forecast period.
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Fabry Disease Market Segmentation
The segmental analysis of the global Fabry disease market is done by diagnosis & treatment, type, and end-user.
The diagnosis & treatment-based segments of the global Fabry disease market are diagnosis and treatment. The diagnosis segment is further segmented into blood test, urine test, thyroid test, lung function test, and imaging. The imaging segment is segmented into echocardiogram, electrocardiogram (EKG), brain MRI, CT scan and others. The treatment segment is further segmented into gene therapy, enzyme replacement therapy, pharmaceutical formulations containing agalsidase alfa, anticonvulsants, analgesics, nonsteroidal anti-inflammatory drugs (NSAIDs), and others. Among all, the enzyme replacement therapy is expected to acquire the largest market share during the forecast period.
The type-based segments of the global Fabry disease market are type-1 and type-2. Among all, the type-2 Fabry disease is anticipated to acquire a major market share during the forecast period. The end-user-based segments of the global Fabry disease market are hospitals & clinics, diagnostic centres, research & academic institutes, and others.
Fabry Disease Market Regional Analysis
Based on the region, the global Fabry disease market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. As per the analysis, the global market is projected to dominate the market during the forecast period owing to the growing technological development and rising R&D initiatives. The developed economies like the US and Canada are anticipated to make significant market value during the review period.
Europe market is expected to acquire second largest market share during the projection period owing to the rising incidence of Fabry diseases. Countries like the UK and Germany are predicted to play a significant role in developing the regional market.
The APAC region is expected to be the fastest-developing regional market during the forecast period owing to the developing healthcare infrastructure. Besides, the presence of developing countries like India, Japan, and China are predicted to play a significant role by incorporating latest-technologies in healthcare sector.
The MEA region is anticipated to acquire the least market share during the forecast period owing to the presence of underdeveloped healthcare infrastructure. However, the Middle East countries are expected to strengthen the regional market owing to their economic stability.
Fabry Disease Market Key Players
The renowned players of the global Fabry disease market are Amicus Therapeutics, Inc., Amgen Inc., AVROBIO, Inc., Protalix, Bristol-Myers Squibb Company, Teva Pharmaceutical Industries Ltd Idorsia Pharmaceuticals Ltd, GlaxoSmithKline, iBio, Inc., Novartis AG , Neuraltus Pharmaceuticals, Inc., Pfizer Inc., Shire, Sanofi,, and Takeda Pharmaceutical Company Limited.
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