Muscular Dystrophy Treatment Market Primed to Achieve Steady Growth Due to Rising Prevalence of Chronic Genetic Disorders
Muscular dystrophies are a group of inherited genetic disorders that progressively weaken and damage muscles of voluntary movement in the body. The rising incidence of genetic disorders and the launch of novel gene therapies are driving widespread interest in developing more effective treatments for muscular dystrophies.
The Muscular
Dystrophy Treatment Market is estimated to be valued at US$ 2.30 Bn in 2024
and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the Muscular Dystrophy Treatment Market are F.
Hoffmann-La Roche AG, PTC Therapeutics, Sarepta Therapeutics, and others. Key
players are investing heavily in R&D to develop advanced gene therapies and
molecular treatments for muscular dystrophies.
The emerging field of gene and genetic therapies holds potential opportunities
to develop curative treatments for various forms of muscular dystrophy. Several
gene therapy candidates are under development which could transform the
treatment landscape in the coming years.
The Muscular Dystrophy Treatment Market is set to witness significant expansion
in key global markets as major players focus on expanding access through
partnerships and collaborations. Strategic collaborations with biotech
companies and hospitals are enabling wider reach and adoption of new
therapeutic agents.
Market Drivers
Rising prevalence of genetic muscular disorders is a key driver fueling market
growth. According to the Muscular Dystrophy Association, nearly 1 in 5,000
newborn babies have a type of muscular dystrophy. Robust R&D activity and
new product launches. Major companies are investing heavily in clinical trials
for gene therapies and molecular treatments, which is also facilitating market
expansion.
Market Restraints
High costs involved in development of advanced gene therapies and molecular
treatments pose a restraint for market growth. Gene therapies for rare diseases
can cost millions of dollars. Muscular dystrophies being rare genetic disorders
also limits the commercial viability of such high-cost treatments initially.
Segment Analysis
The muscular dystrophy treatment market is segmented based on type, route of administration, end-user and distribution channel. By type, the duchenne muscular dystrophy segment holds the largest market share due to increasing prevalence rates. Duchenne muscular dystrophy is the most common and severe form of muscular dystrophy and largely affects children. By route of administration, the oral segment dominates the market as oral drugs are more convenient and easy to administer. Hospitals are the major end-users in the muscular dystrophy treatment market as most patients undergo treatment in hospitals. The hospital pharmacy distribution channel holds the largest share as hospital pharmacies offer drugs required for long-term therapies.
Global Analysis
North America holds the largest share in the global muscular dystrophy treatment market due to growing cases of the disease and increasing technological innovation. The US leads the North American market due to major pharmaceutical companies and rising healthcare expenditure. Europe is the second largest market due to growing government support and increasing healthcare infrastructure. Asia Pacific is the fastest growing region on account of improving healthcare infrastructure, increased diagnosis rates and growing medical tourism. Changes in lifestyle, increasing healthcare expenditures and rising prevalence of genetic disorders contribute to the Asia Pacific market growth.
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