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Global Fabry Disease Drug Market - Industry Trends & Forecast to 2026

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Onkar Nimbalkar
Global Fabry Disease Drug Market - Industry Trends & Forecast to 2026

Market Analysis: Global Fabry Disease Drug Market

Global fabry disease drug market is increasing gradually substantial CAGR of 9.8% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Growing population of Fabry disease worldwide and extensive evaluation and adoption of advance technology in research and development for novel therapies are the factors which drive the market.

 

Market Definition: Global Fabry Disease Drug Market

Fabry disease is a rare genetic disorder caused by deficient activity of lysosomal enzyme called α-galactosidase A (α-Gal A) which results in dysfunction of glycosphingolipid (fat) metabolism. Lysosomal enzyme is responsible for break down complex sugar-lipid molecules called glycolipids or digests particular compounds. The deficient of this enzyme may results in cell abnormalities and organ system dysfunction which will affects particularly small blood vessels, the heart and kidneys.

 

Market Drivers

  • Increases prevalence of Fabry disease worldwide
  • Vulnerable male population as it is more frequently occur in male
  • Emergence of drugs used in the treatment of risk associated with Fabry disease
  • Strategic collaboration and licensing deal between the companies

 

Market Restraints

  • Effective treatment is either unavailable or unaffordable
  • Patent expiry from many companies and introduction of generic drugs of branded version is expected to restrain the growth if the market
  • Inadequate knowledge about Fabry disease in some developing countries

 

Segmentation: Global Fabry Disease Drug Market

Global Fabry Disease Drug Market By Type (Classic Fabry Disease and Atypical Late-Onset Fabry Disease), Treatment Type (Enzyme Replacement Therapy (ERT), Chaperone Treatment, Substrate Reduction Therapy (SRT) and Others), Mechanism of Action Type (Alpha-Galactosidase A (Alpha-Gal A) Agonist, Globotriaosylceramide (GL-3) Deposition Reducer, Pancreatic Replacement Enzymes, Pain Management and Others), Route of Administration Type (Oral and Injectable), End- users (Hospitals, Homecare, Specialty Clinics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends & Forecast to 2026

 

For more information visit @ https://databridgemarketresearch.com/reports/global-fabry-disease-drug-market

 

Competitive Analysis:

Global Fabry disease drug market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global fabry disease drug market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

 

Key Market Players:

Few of the major competitors currently working in the global fabry disease drug market are Sanofi, Takeda Pharmaceutical Company Limited, Amicus Therapeutics, Inc, Moderna, Inc, Greenovation Biotech GmbH, Plant-Based Proteins with Better Therapeutic Profiles, JCR Pharmaceuticals Co., Ltd, ISU ABXIS, Idorsia Pharmaceuticals Ltd, AVROBIO, Inc, Resverlogix Corp., Novartis AG, Pfizer Inc, Teva Pharmaceutical Industries Ltd., Boehringer Ingelheim International GmbH, Enzyvant, CHIESI Farmaceutici SpA, and many others.

 

Key Developments in the Market:

  • In November 2018, JCR Pharmaceuticals Co., Ltd in collaboration with Amicus Therapeutics, Inc, and GlaxoSmithKline plc launched Agalsidase Beta which is a biosimilar of Fabrazyme in the Japan for the treatment of the lysosomal storage disorder (LSD) Fabry disease (FD). The launch of biosimilar agalsidase beta product significantly improves the treatment option for patients suffering from Fabry disease in the Japan.
  • In May 2018, Amicus Therapeutics, Inc, launched Galafold (Migalastat), an oral enzyme replacement therapy for the treatment of Fabry disease in adult patients in the Japan. The launch of Galafold significantly change the treatment landscape for the patients throughout Japan as it is first and only oral precision medicine for Fabry disease in the Japan.

 

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

 

Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude.

 

Contact:

Data Bridge Market Research

+1-888-387-2818

Sopan.gedam@databridgemarketresearch.com

 

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