Market Research Future (MRFR) has published on the “Global Duchenne Muscular Dystrophy Treatment Market”.
The Duchenne Muscular Dystrophy Treatment market is estimated to register a CAGR of 11.50% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Duchenne Muscular Dystrophy Treatment market— BioMarin, Fibrogen Inc., Nobelpharma Co. Ltd, NS Pharma Inc., Pfizer Inc., PTC Therapeutics, Santhera Pharmaceuticals, Sarepta Therapeutics, F. Hoffmann-La Roche AG, and ReveraGen BioPharma.
Market Highlights
The global Duchenne Muscular Dystrophy Treatment market is accounted to register a CAGR of 11.50% during the forecast period and is estimated to reach USD 6.92 billion by 2032.
The Duchenne Muscular Dystrophy Treatment Market is primarily driven by advances in gene therapy, which show great promise for repairing the genetic abnormalities that cause the disorder. Furthermore, increased R&D activities by pharmaceutical corporations and academic institutions help to expand therapy alternatives. Furthermore, increased knowledge among healthcare professionals, patients, and caregivers about the need for early detection and intervention drives up demand for successful therapies. These forces work together to propel the industry ahead, promoting innovation, improving patient outcomes, and meeting the unmet medical requirements of people with Duchenne Muscular Dystrophy.
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Segment Analysis
The global Duchenne Muscular Dystrophy Treatment market has been segmented based on Therapeutic Approaches.
On the basis of Therapeutic Approaches, the market is segmented into Molecular-based Therapies, Steroid Therapy, and Other Therapeutic Approaches. The Molecular-based Therapies segment was attributed to holding the largest market share in 2023 because of a multitude of factors. Molecular biology and gene editing technologies have advanced, which has accelerated the creation of new treatment approaches that specifically target the genetic defects causing DMD. Moreover, enhanced financial support for research and enhanced partnerships have expedited the advancement of molecular-based drugs from preclinical studies to clinical trials, augmenting the pool of potential therapies for DMD.
Regional Analysis
The global Duchenne Muscular Dystrophy Treatment market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The European Duchenne Muscular Dystrophy Treatment market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Duchenne Muscular Dystrophy Treatment market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Duchenne Muscular Dystrophy Treatment market comprises the Middle East, Africa, and Latin America.
North America is the largest market for Duchenne Muscular Dystrophy (DMD) Treatment, owing to factors such as strong healthcare infrastructure, a high prevalence of DMD patients, major investment in R&D, and favorable regulatory frameworks.
Europe emerges as the second-largest region, driven by expanding awareness of DMD, rising healthcare spending, collaborative efforts between academics and businesses for research and development, and advantageous reimbursement regulations.
The Asia-Pacific region is the fastest-growing, thanks to a large population base, improved healthcare infrastructure, rising healthcare spending, increased awareness of rare diseases such as DMD, expanded initiatives for research and development collaborations, and changing regulatory environments.
Furthermore, the rest of the world's Duchenne Muscular Dystrophy Treatment market is divided into the Middle East, Africa, and Latin America. Rising healthcare investments, improved access to healthcare facilities, and increased awareness campaigns regarding DMD and other rare illnesses are all driving growth in the Rest of the World.
Key Findings of the Study
- The global Duchenne Muscular Dystrophy Treatment market is expected to reach USD 6.92 billion by 2032, at a CAGR of 11.50% during the forecast period.
- The Asia-Pacific area is witnessing the fastest development, owing to factors such as a huge population base, improved healthcare infrastructure, rising healthcare spending, increased awareness of rare diseases such as DMD, and changing regulatory environments.
- Based on Therapeutic Approaches, Molecular-based therapies have the biggest market share, with improvements in gene therapy, exon-skipping, and gene editing approaches accounting for roughly 45% of the market.
- BioMarin, Fibrogen Inc., Nobelpharma Co. Ltd, NS Pharma Inc., Pfizer Inc., PTC Therapeutics, Santhera Pharmaceuticals, Sarepta Therapeutics, F. Hoffmann-La Roche AG, and ReveraGen BioPharma are key market players.
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Companies Covered | 15 |
Pages | 128 |
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