Enzyme Replacement Therapy Market to grow at a rate of 6.7% by [2022-2028] | Get Customized Reports

The global Enzyme Replacement Therapy Market is set to be valued at US$ 9.3 Bn in 2022, and is predicted to expand at a CAGR of 6.7% to attain a net worth of US$ 13.8 Bn by the end of 2028. 

Revenue from enzyme replacement therapy (ERT) accounts for around 63% share of the global hormone replacement market. Increasing prevalence of rare diseases has majorly led to the deployment of enzyme replacement therapies, and medical research is expected to further advance these developments.

Enzyme Replacement Therapy Demand Analysis (2013 to 2021) Vs Market Predictions (2022 to 2028)

The enzyme replacement therapy market is expected to flourish over the coming years as instances of rare and unknown diseases increase on a global scale. There has been a surge in the emergence of rare and ultra-rare diseases over the past few years, and this trend is not expected to slow down anytime soon. The need for orphan disease management and orphan drugs has seen a substantial increase as rare diseases have become more frequent.

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Enzyme replacement therapy demand increased at a CAGR of 6.4% from 2013 to 2021 and ended up with a value of US$ 8.8 Bn in 2021. Increasing instances of rare diseases that require unique treatment approaches, rising availability of enzyme replacement therapies, increasing awareness, and less tough regulations for rare disease treatment are primarily driving demand for ERT.

Increasing medical research and rising awareness about enzyme replacement therapies are expected to be common factors propelling ERT market growth across the world.

All in all, the global enzyme replacement therapy market is predicted to progress at a CAGR of 6.7% from 2022 to 2028.

Which Region is Most Lucrative for Enzyme Replacement Therapy Providers?

This enzyme replacement therapy industry survey by FMI covers market statistics on a global scale, and especially gives metrics specific to regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).

Leading the global market landscape, the North America enzyme replacement therapy market holds a dominant market share of 28.6% in 2022.

This region is expected to be one of the most lucrative markets for enzyme replacement treatment, and ERT demand is expected to be driven by rising healthcare expenditure in the region. The U.S. is expected to lead the North American enzyme replacement therapy industry.

Following closely is the Western Europe enzyme replacement therapy market. The region, over the past few years, has experienced tremendous increase in rare disease instances, and this has influentially shaped the enzyme replacement therapy demand growth.

For instance, Germany and the U.K. have a high incidence of Fabry’s disease and other rare diseases as well that drives demand for enzyme replacement therapy.

East Asia, South Asia, and the Pacific regions are expected to exhibit lucrative opportunities for enzyme replacement therapy providers over the coming years.

Rising disposable income, developing healthcare systems, increasing awareness are major factors influencing the enzyme replacement therapy market potential in these regions. Japan, India, and China are expected to be leading nations in these regions.

Demand for enzyme replacement treatment in MEA is anticipated to rise at a steady pace over the forecast period; the region currently holds around 3% of the global market share.

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Key Segments of Enzyme Replacement Therapy Industry Survey

Enzyme Replacement Therapy Market by Therapeutic Condition:

• Enzyme Replacement Therapy for Fabry Disease
• Enzyme Replacement Therapy for Gaucher Disease
• Enzyme Replacement Therapy for Mucopolysaccharidosis
  • MPS I
  • MPS II (Hunter Syndrome)
  • MPS IVA (Morquio Syndrome, Type A)
  • MPS VI (Maroteaux-Lamy Syndrome)
  • MPS VII (Sly Syndrome)
• Enzyme Replacement Therapy for Pompe Disease
• Enzyme Replacement Therapy for Lysosomal Acid Lipase Deficiency
• Others

Enzyme Replacement Therapy Market by Route of Administration:

• Oral Enzyme Replacement Therapy
• Injectable Enzyme Replacement Therapy

Enzyme Replacement Therapy Market by Distribution Channel:

• Hospital Pharmacies
• Specialty Treatment Pharmacies
• Retail Pharmacies

Enzyme Replacement Therapy Market by Region:

• North America Enzyme Replacement Therapy Market
• Latin America Enzyme Replacement Therapy Market
• Europe Enzyme Replacement Therapy Market
• East Asia Enzyme Replacement Therapy Market
• South Asia & Pacific Enzyme Replacement Therapy Market
• Middle East & Africa (MEA) Enzyme Replacement Therapy Market