Dystrophin Market - Global Industry Assessment & Forecast
- By Product Exondys51, Translarna, Emflaza, Others
- By Approach Exon Skipping, Anti-Inflammatory Therapy, Stop Codon Read-Through, Others Approaches
- By Region North America, Latin America, Europe, Asia Pacific, Middle East & Africa
|Forecast Years:||2021 - 2028|
|Historical Years:||2016 - 2020|
|Revenue 2021:||USD 1.31 Billion|
|Revenue 2028:||USD 30.22 Billion|
|Revenue CAGR (2021 - 2028):||45.9%|
|Fastest Growing Region (2021 - 2028)||Asia Pacific|
|Largest Region (2021):||North America|
- Cross-segment Market Size and Analysis for Mentioned Segments
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- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
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Global Dystrophin Market is valued at USD 1.31 Billion in 2021 and is projected to attain a value of USD 30.22 Billion by 2028 at a CAGR of 45.9% during the forecast period, 2022–2028. Factors such as the high prevalence of DMD in the region, favourable funding conditions for DMD research and development, high healthcare expenditure potential among the population in developed countries, and the availability of medical reimbursement in various regions around the world are propelling the Dystrophin Market forward.
Dystrophin Market Size, 2021 To 2028 (USD Billion)
COVID-19's increased prevalence is expected to have an impact on market growth over the projection period. The COVID-19 dilemma has had a significant and immediate impact on the healthcare industry. Because of the unexpected impact on the supply chain and the limits imposed on manufacturing and supply operations during the early stages of the coronavirus pandemic, most companies suffered a minor loss in the first few quarters. COVID-19, on the other hand, has raised demand for therapeutics and drugs, especially Dystrophin, and some important players have seen favourable sales growth as a result of the increased demand.
Emergence of Mutation-Specific Therapies, Rising Incidence of the Condition, and Improved Diagnostics
Throughout the forecast period, the market is expected to grow at a rapid pace. The advent of mutation-specific medicines, increased incidence of the disease, and enhanced diagnostics are all contributing to the growth. The market is likely to develop as a result of government initiatives encouraging target-specific treatments and attractive reimbursement rules. Furthermore, the treatment area is expected to expand as other targeted medicines, such as Exondys51, Translarna, and Emflaza, gain recognition.
High Cost of Therapeutics
The high cost of therapies continues to be a barrier to the expansion of the Dystrophin, medication landscape. Governments in all major regions, however, are adopting inexpensive healthcare policies, which has an impact on company pricing strategies as well as reimbursement scenarios. Premium price potential for emerging Dystrophin, treatments is likely to be hampered by rising cost consciousness. The lack of established processes for determining the clinical efficacy of medications, as well as stringent regulatory approvals, remain key obstacles to overcome. Increasing treatment choices for underserved groups including babies and no ambulant patients, on the other hand, is expected to bode well for the industry in the near future.
The Global Dystrophin Market can be segmented by Product Type into Exondys51, Translarna, Emflaza and Others. Based on Approach, global Dystrophin Market can be segmented into Exon Skipping, Anti-Inflammatory Therapy, Stop Codon Read-Through, Others Approaches. Based on Region, the Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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Exon skipping accounted for 45.7% of the overall business in 2021 and is expected to increase rapidly in the coming years as regulatory authorisation in Europe and other areas of the world is granted. However, in undeveloped countries, insufficient awareness of treatments is projected to stifle growth over the projection period. Because of the industry's and healthcare professionals' favourable attitudes toward the development of new therapies, emerging techniques for muscular dystrophy therapeutics are predicted to grow at a CAGR of 80.1% from 2016 to 2028.
North America to Continue Dominating the Dystrophin Market
Owing to product launches in the United States, North America is likely to have a high demand, followed by Europe. High incidence of muscular in the region, accelerated FDA approval of drug in the region, favourable funding scenario for R&D in the field of , high healthcare expenditure potential among the North American population, and availability of medical reimbursement in the region are among the key factors supporting the market's growth in North America.
Key participants include PTC Therapeutics, Sarepta Therapeutics, BioMarin Pharmaceutical Inc, Wave Life Sciences, Bristol-Myers Squibb and Catabasis Pharmaceuticals among others.
Dystrophin Market is segmented as follows:
Regions & Countries Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
Dystrophin Market is tabulated as follows:
Frequently Asked Question
What is the global demand for Dystrophin in terms of revenue?
The global Dystrophin valued at in 2020 and is expected to reach in 2028 growing at a CAGR of 45.9%.
Which are the prominent players in the market?
The prominent players in the market are PTC Therapeutics, Sarepta Therapeutics, BioMarin Pharmaceutical Inc, Wave Life Sciences, Bristol-Myers Squibb and Catabasis, Pharmaceuticals among others..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 45.9% between 2021 and 2028.
What are the driving factors fueling the growth of the market.
The driving factors of the Dystrophin include
- Emergence of Mutation-Specific Therapies, Rising Incidence of the Condition, and Improved Diagnostics
Which region accounted for the largest share in the market?
North America was the leading regional segment of the Dystrophin in 2020.