Global Fabry Disease Treatment Market Size Value Surges to Record USD 3.78 Billion by 2026: Facts & Factors

[225+ Pages Research Report] According to the recent research report; the global Fabry Disease Treatment Market in 2019 was approximately USD 1.77 Billion. The market is expected to surge at a CAGR of 9.83% and is anticipated to surpass USD 3.78 Billion by 2026. Top market players in the market are ISU Abxis Co Ltd., Greenovation Biotech GmbH, Amicus Therapeutics Inc., Avrobio Inc., Shire Plc., Sanofi S.A., Moderna Therapeutics Inc. and others.

New York, NY, April 16, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Fabry Disease Treatment Market by Drugs (Agalsidase Beta, Migalastat, and Pipeline Drugs), By Treatment (Enzyme Replacement Therapy (ERT), Chaperone Treatment, Substrate Reduction Therapy (SRT), and Others), By Route of Administration (Oral, and Intravenous) and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026”.

“According to the research report, the global Fabry Disease Treatment Market was estimated at USD 1.77 Billion in 2019 and is expected to reach USD 3.78 Billion by 2026. The global Fabry Disease Treatment Market is expected to grow at a compound annual growth rate (CAGR) of 9.83% from 2019 to 2026”.

Fabry Disease Treatment Market: Overview and Definition

Fabry disease is a very rare disease. The deficiency of the alpha-galactosidase enzyme in a patient causes progressive organ dysfunction. The development of Fabry diseases is primarily caused by an abnormal accumulation of a particular fatty matter known as globotriaosylceramide. The skin, heart, eyes, brain, kidneys, central nervous system, and gastrointestinal system are all affected by this irregular accumulation.

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Key Questions Answered in this Report

1) What were the pre and post-business impacts of COVID-19 on the Fabry Disease Treatment Market?

2) What is the market size, share of the Fabry Disease Treatment Market?

3) Who are the top market players in Fabry Disease Treatment Market?

4) What will be the future market of the Fabry Disease Treatment Market?

Key Offerings:

• Market Size & Forecast by Revenue | 2020−2026

• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities

• Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography

• Competitive Landscape – Top key vendors and other prominent vendors

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Fabry Disease Treatment Market: Industry Major Market Players

• ISU Abxis Co Ltd.

• Greenovation Biotech GmbH

• Amicus Therapeutics Inc.

• Avrobio Inc.

• Shire Plc.

• Sanofi S.A.

• Moderna Therapeutics Inc.

• JCR Pharmaceuticals

• Protalix Biotherapeutics Inc.

• Idorsia Pharmaceuticals Ltd.

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Owing to the presence of only one X chromosome in the male, they are more prone to such disorder. On the other hand, the population of females acts as carriers and is less likely to experience disease complications in the early stages. However, neurological problems such as high blood pressure, heart failure, stroke, and other complications have been known to evolve. The main symptoms are burning sensations, excessive sweating, cloudy vision, irregular bowel movements, and other symptoms that are the most common in this disorder. It is identified by testing the -gal enzyme in the patients' leukocytes. In the case of neonates, the presence of this disease is identified when assessed for improper heart or kidney development. Since there is no cure for Fabry disease, treatment focuses on preventing complications from developing and providing symptomatic relief. Mild symptoms often lead to misdiagnosis in a variety of patients. Certain factors are anticipated to expand the market at a significant rate in the next few years.

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The Existence Of A Strong Drug Pipeline For The Treatment Of Fabry Disease Is Expected To Drive Development

Several regulatory bodies in key regions have recently approved novel drugs to treat Fabry disease. Citing an instance, in 2018, Galafold, a medication developed by Amicus Therapeutics, Inc., has been approved by the US Food and Drug Administration (FDA) (migalastat). It is the first oral drug approved for the treatment of Fabry disease specifically for adults. Furthermore, market players are massively investing in the production of novel therapies for the treatment of Fabry disease and strategic expenditure by various players will proliferate the global market growth in upcoming years. For instance, AvroBio Inc. announced the completion of a $60 million funding round to fund the phase 2 trial of AVR-RD-01, novel gene therapy in development for the treatment of Fabry disease in February 2018. The market's growth will be fueled by these factors over the forecast period.

On the other hand, Fabry disease affects one among fifty thousand people as stated by National Fabry Disease Foundation. Moreover, the diagnosis of Fabry disease is verified by illustrating deficiency of an enzyme among the male population and finding the unique GLA gene mutation in females and males. As a result, low diagnostic rates in emerging economies due to a lack of such diagnostic procedures and qualified professionals are anticipated to hinder the growth of the global Fabry disease treatment market.

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COVID-19 Impact on the Global Fabry Disease Treatment Market

COVID-19's effect on Fabry disease patients undergoing enzyme replacement therapy is still unknown. Fear of infection caused several patients receiving care in the hospital to have their infusions interrupted. In other lysosomal storage diseases, the effects of temporary treatment interruption have been identified in greater detail, but resuming therapy does not completely reverse clinical deterioration caused by the temporary interruption. Home therapy seems to be the most effective way to sustain enzyme replacement therapy access during a pandemic when it is necessary. During the forecast period, these factors are expected to propel the market growth.

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North America is projected to Dominate Global Fabry Disease Treatment Market Growth

In 2019, the global Fabry disease treatment market was dominated by the North American region, which accounted for the largest market share. Higher acceptance of new therapies, favorable reimbursement policies, and improved healthcare services are all contributing to the region's market development. Drug companies are increasing their R&D investments in the field of rare diseases as a result of health insurance schemes covering health expenditure costs.

Due to various improved healthcare infrastructure and increasing healthcare spending in emerging economies, Asia Pacific offered a huge growth opportunity for pharmaceutical companies. This region is expected to hold a larger share of the market during the forecast period. Furthermore, the availability of biosimilars is expected to make these therapies more affordable in this field. In 2016, as stated by the Ministry of Health and Family Welfare, in India, the average annual cost of enzyme replacement therapy was USD 26,334. These factors are considered to propel the demand in the region in upcoming years.

Browse the full “Fabry Disease Treatment Market by Drugs (Agalsidase Beta, Migalastat, and Pipeline Drugs), By Treatment (Enzyme Replacement Therapy (ERT), Chaperone Treatment, Substrate Reduction Therapy (SRT), and Others), By Route of Administration (Oral, and Intravenous) and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report at https://www.fnfresearch.com/fabry-disease-treatment-market.

The global Fabry disease treatment market is segmented as follows:

By Drugs:

• Agalsidase Beta

• Migalastat

• Pipeline Drugs

By Treatment:

• Enzyme Replacement Therapy (ERT)

• Chaperone Treatment

• Substrate Reduction Therapy (SRT)

• Others

By Route of Administration:

• Oral

• Intravenous

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