The global Fucosidosis Therapeutics Market is expected to garner a market value of US$ 10 Million in 2023 and is expected to accumulate a market value of US$ 17.91 Million by registering a CAGR of 6% in the forecast period 2023 to 2033. The market for Fucosidosis Therapeutics registered a CAGR of 4% in the historical period 2018 to 2022.
Studies state that Fucosidosis is a rare autosomal recessive lysosomal storage disorder characterized by deficiency of alpha –L-fucosidase. Its estimated frequency is below 1 in 200,000 live births. To enable effective treatment of fucosidosis, market players are effectively leveraging strategic partnerships with major pharmaceutical corporations or research institutes, mergers & acquisitions and capacity expansion initiatives.
North America is anticipated to acquire a market share of about 25% in the forecast period. This growth is attributable to the rising prevalence of the condition in the region. Europe holds the second largest global glycoprotein analysis market with its advanced research and healthcare government’s support numerous start-ups and leading companies.
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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
- 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 players:
- Sigma-Aldrich. BD
- Enzo Life Sciences
- Creative Diagnostics
- Thermo Fisher Scientific
- Epitope Diagnostics Inc.
- Research and Development Systems
- QED Bioscience Inc
- ACROBiosystems.
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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
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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