Global Enzyme Replacement Therapy Market Scenario Highlighting Major Drivers & Current Trends 2022–2030
Global enzyme replacement therapy market was worth US$ 8.2 Bn in 2021, growing at an estimated CAGR of 9% over the forecast period. Human body is a complex and despite extensive research, we haven’t figure out its complete potential. The cells of the human body are continuously working to take care of complex tasks, most of those go completely unnoticed. Though when there is some sort of problem at the cellular level, the effects are expected to be critical and extensive. Enzymes primarily are those important components of healthy bodily function. These enzymes have a look on interaction along with other chemicals that go in the human body to bring out certain reactions, like converting complex sugars into ATP. Every time, there is a dysfunction with enzymes in one’s body, it is likely to have bad consequences which require treatments for years. Enzyme replacement therapy is seen as a potential treatment where deficient enzymes are replaces via a certain process. Enzyme replacement therapy (ERT) mainly is a medical treatment where replacement enzymes are given to those suffering from a chronic condition that has been caused due to enzyme deficiencies or malfunction. Many factors are contributing to the growth of the global enzyme replacement therapy market. One of them is requirement for better ways of treatment that is effective and safe.
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The global enzyme replacement therapy market witnessed massive growth during the COVID-19 pandemic. Newer methods of treatment were being sought in an attempt to battle against the dreadful virus and this skyrocketed the demand for enzyme replacement therapy.
One of the major factors that has been driving the growth of the global enzyme replacement therapy market is rising demand for enzyme replacement therapy in the treatment of rare diseases. On the other hand, surge in concerns related to the side effects of the therapy is likely to be a restraining factor in the growth of the global enzyme replacement therapy market. Meanwhile, the global enzyme replacement therapy market is forecasted to witness growth at the fastest rate due to incorporation of advanced technologies for therapies.
By End User, Infusion Centers segment will witness fastest growth for The Global Enzyme Replacement Therapy Market in 2022
The most common technique of enzyme replacement therapy is via intravenous infusions, where the replacement enzyme is administered directly into the bloodstream with the help of a controlled drip of liquids. This is why the number of infusion centers for ERT are growing rampantly.
Asia Pacific Region to witness fastest growth for this market Over the Forecast Period (2022–2030) in the Global Enzyme Replacement Therapy Market
Healthcare sector in the countries like India is rapidly growing due to favourable government policies along with entry of top pharmaceutical companies. Also medical advancements by countries like Japan, South Korea and China also contributes to the growth of this market.
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Key Competitors — Global Enzyme Replacement Therapy Market:
- AbbVie Inc.
- Amicus Therapeutics, Inc
- CHIESI Farmaceutici S.p.A.
- Digestive Care, Inc.
- Leadiant Biosciences, Inc.
- Nestle Health Science
- Pfizer Inc.
- Takeda Pharmaceutical Company Limited
- Other Market Participants
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Global Enzyme Replacement Therapy Market Segmentation
Global Enzyme Replacement Therapy Market has been segmented by drug, route of administration, disease, demography, end users, regions which are further classified into respective countries:
Global Enzyme Replacement Therapy Market Drug Phase Type Outlook (Revenue, USD Million, 2015–2030)
- Alglucerase alfa
- Velaglucerase alfa
- Taliglucerase alfa
- Asfotase alfa
- Pancreatic Enzymes
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Global Enzyme Replacement Therapy Market Route of Administration Type Outlook (Revenue, USD Million, 2015–2030)
Global Enzyme Replacement Therapy Market Disease Type Outlook (Revenue, USD Million, 2015–2030)
- Gaucher disease
- A1AT Deficiency
- ADA Deficiency
- MPS 1
- MSP II
- MPS IVA
- MPS VI
- MPS VII
- Hurler’s Syndrome
Global Enzyme Replacement Therapy Market Demography Type Outlook (Revenue, USD Million, 2015–2030)
Global Enzyme Replacement Therapy Market End User Type Outlook (Revenue, USD Million, 2015–2030)
- Infusion Centers
- Gaucher disease treatment centers
- Hospitals and clinics
Global Enzyme Replacement Therapy Market Regional Outlook (Revenue, USD Million, 2015–2030)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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