Enzyme Replacement Therapy Market is Growing CAGR of 11.5% by 2026


Posted February 16, 2021 by lucasjohn

Enzyme replacement therapy market is a medical therapy used for treatment of congenital enzyme deficiencies by using human and animal or recombinant engineered enzymes.

 
Enzyme replacement therapy market is a medical therapy used for treatment of congenital enzyme deficiencies by using human and animal or recombinant engineered enzymes. The principle of ERT is replacement of artificial enzyme in people having enzyme deficiency. Intravenous and oral routes of administration are often used for ERT. Enzyme replacement therapies are applied in some lysosomal storage diseases such as Gaucher disease, Pompe disease, Hurler syndrome among others.

The prevalence rate of lysosomal storage diseases is approximately 5000 live births that include Gaucher disease and Hurler syndrome and others. The prevalence of rare diseases in the United States is estimated to be 25-30 million population. Enzyme replacement therapies and anticipated in treatment of these diseases.

Enzyme replacement therapy market is rising gradually with a healthy CAGR of 11.05% in the forecast period of 2019-2026. Participation of many pharmaceutical companies in development of enzyme replacement therapies and governmental support for research and development are some factors that bring healthy opportunities for the market growth.

This Enzyme Replacement Therapy Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry. The report also recognizes and analyses the rising trends along with major drivers, challenges and opportunities in the market. This Enzyme Replacement Therapy Market report provides major statistics on the market status of global and regional manufacturers and is a helpful source of assistance and direction for companies and individuals interested in Healthcare industry. The company profiles of all the chief and dominating market players and brands who are taking steps such as product launches, joint ventures, mergers and acquisitions are mentioned in the report.

Market Drivers and Restraints:

Government support for the treatment acts as a market driver  

Rising awareness about enzyme replacement therapy among people will drive the market growth

Availability of a wide range of enzyme replacement therapies will drive the growth of market

Fewer side effects associated with the therapies acts as opportunity for the growth of market

Availability of alternative therapies over enzyme replacement therapies will restrain the market growth

Lack of skilled professionals to perform enzyme replacement therapy is a challenge for the market growth

Lack of regulatory framework in the emerging economics also restricts the growth of this market

The major players covered in the Enzyme Replacement Therapy Market

Few of the major competitors currently working in the global enzyme replacement therapy market are CANbridge Life Sciences Ltd., Leadiant Biosciences, Inc., Takeda Pharmaceutical Company Limited, Perseo Pharma AG, Sanofi, TEIJIN LIMITED, Avid Bioservices, Inc., SmartPharm Therapeutics, GREEN CROSS CORP, Pfizer Inc., GlaxoSmithKline plc., BioMarin, ALLERGAN, Alexion Pharmaceuticals, Inc., Horizon Therapeutics plc, Actelion Pharmaceuticals Ltd, Protalix Biotherapeutics, AbbVie Inc., Johnson & Johnson Services, Inc., Digestive Care, Inc. among others.

Major TOC Of The Report

Chapter One: Enzyme Replacement Therapy Market Overview

Chapter Two: Manufacturers Profiles

Chapter Three:  Global Enzyme Replacement Therapy Market  Competition, by Players

Chapter Four: Global Enzyme Replacement Therapy Market Size by Regions

Chapter Five: North America Enzyme Replacement Therapy Market Revenue by Countries

Chapter Six: Europe Enzyme Replacement Therapy Market Revenue by Countries

Chapter Seven: Asia-Pacific Enzyme Replacement Therapy Market Revenue by Countries

Chapter Eight: South America Enzyme Replacement Therapy Market Revenue by Countries

Key Report Highlights

Comprehensive pricing analysis based on different product types and regional segments

Market size data in terms of revenue and sales volume

Deep insights about regulatory and investment scenarios of the Enzyme Replacement Therapy Market    

Analysis of market effect factors and their impact on the forecast and outlook of the Enzyme Replacement Therapy Market    

The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the Enzyme Replacement Therapy Market    

A roadmap of growth opportunities available in the Enzyme Replacement Therapy Market    with the identification of key factors

The exhaustive analysis of various trends of the Enzyme Replacement Therapy Market    to help identify market developments

Key Questions Answered in Report:

What is the key to the Enzyme Replacement Therapy Market?

What will the Enzyme Replacement Therapy Market Demand and what will be Growth?

What are the latest opportunities for Enzyme Replacement Therapy Market in the future?

What are the strengths of the key players?

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Issued By Data Bridge Market Research
Country Singapore
Categories Health
Last Updated February 16, 2021