The global Fucosidosis Therapeutics Market is expected to generate a market value of US$ 10 million in 2023 and a market value of US$ 17.91 million by 2033, with a CAGR of 6% from 2023 to 2033. Fucosidosis Therapeutics market grew at a 4% CAGR between 2018 and 2022.
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According to research, Fucosidosis is a rare autosomal recessive lysosomal storage disorder characterised by an alpha -L-fucosidase deficiency. Its estimated frequency is less than one in every 200,000 live births. Market players are effectively leveraging strategic partnerships with major pharmaceutical corporations or research institutes, mergers and acquisitions, and capacity expansion initiatives to enable effective treatment of fucosidosis.
North America is expected to gain a market share of approximately 25% during the forecast period. This increase is due to the increasing prevalence of the condition in the region. With its advanced research and healthcare governments’ support for numerous start-ups and leading companies, Europe holds the second largest global glycoprotein analysis market.
Key Takeaways from the Market Study
- From 2018 to 2022, the Fucosidosis Therapeutics market grew at a CAGR of 11%.
- The global Fucosidosis Therapeutics market is expected to grow with a 20% CAGR during 2023 to 2033.
- As of 2033, the Fucosidosis Therapeutics Market is expected to reach US$ 5435.25 Million
- According to the FMI analysis, hospitals account for the largest market share.
- North America is expected to possess 25% market share for the Fucosidosis Therapeutics market.
- The Asia Pacific market is predicted to increase significantly throughout the forecast period, with a CAGR of 5% during the forecast period.
“A series of international level collaborations involving healthcare stakeholders across various institutional settings are fueling further clinical trials and research studies dedicated to discovering Fucosidosis Therapeutics.” says an FMI analyst
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Market Competition
Key players in the Fucosidosis Therapeutics market are Sigma-Aldrich. BD, Enzo Life Sciences, Creative Diagnostics, Thermo Fisher Scientific, Epitope Diagnostics Inc., R&D Systems, QED Bioscience Inc, and ACROBiosystems among other global players.
- In April 2022, Bruker launched a novel MALDI HiPLEX-IHC tissue imaging solution for timsTOF flex using AmberGen’s HiPLEX-IHC peptide code antibody probes, combined with unbiased lipidomics, glycomics, and metabolomics tissue imaging.
Key Segments Profiled in the Fucosidosis Therapeutics Industry Survey
Therapy:
- Antibiotic Therapy
- Fluid Replacement Therapy
- Bone Marrow Transplantation
End-User:
- Hospital
- Homecare
- Specialty Clinics
- Others
More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global Fucosidosis Therapeutics market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
The study reveals essential insights on the basis of therapy (Antibiotic Therapy, Fluid Replacement Therapy, Bone Marrow Transplantation), end-user (Hospital, homecare, specialty clinics), & region.
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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