Fucosidosis Therapeutics Market Targets US$ 17.91 Million by 2033, Driven by a Steady 6% CAGR

Fucosidosis Therapeutics Market
Fucosidosis Therapeutics Market

With a compound annual growth rate (CAGR) of 6% from 2023 to 2033, the global fucosidosis medicines market sales is predicted to produce revenues of US$ 10 million in 2023 and US$ 17.91 million by 2033. The fucosidosis therapies market expanded at a compound annual growth rate of 4% between 2018 and 2022.

According to studies, fucosidosis is a rare autosomal recessive lysosomal storage illness marked by an alpha -L-fucosidase deficiency. It is estimated that it happens once in 200,000 live births. Market players are effectively exploiting strategic collaborations with big pharmaceutical firms or research institutes, mergers and acquisitions, and capacity expansion projects to provide effective treatment of fucosidosis.

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During the projected period, North America is expected to capture nearly 25% of the market. This increase is attributed to the rising incidence of the illness in the area. Because of its advanced research and healthcare governments’ backing for several start-ups and top enterprises, Europe owns the second largest worldwide glycoprotein analysis market.

Key Takeaways:

  • From 2018 to 2022, the Fucosidosis Therapeutics market increased at an 11% CAGR.
  • The global Fucosidosis Therapeutics market is estimated to develop at a 20% CAGR between 2023 and 2033.
  • By 2033, the Fucosidosis Therapeutics Market is anticipated to be worth US$ 5435.25 million.
  • According to the FMI research, hospitals have the biggest market share.
  • North America is estimated to account for 25% of the market for Fucosidosis Therapeutics.
  • The Asia Pacific market is predicted to increase significantly during the forecast period, growing at a CAGR of 5%. 

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.

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.

Key Segments:

Therapy:

  • Antibiotic Therapy
  • Fluid Replacement Therapy
  • Bone Marrow Transplantation

End-User:

  • Hospital
  • Homecare
  • Specialty Clinics
  • Others

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Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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