Pharmaceutical Industry Today
Limb Girdle Muscular Dystrophy Treatment Market Size, Share and Forecast 2023-2030
Market Overview
The Global limb girdle muscular dystrophy treatment market reached US$ YY billion in 2022 and is expected to reach US$ YY billion by 2030, growing with a high CAGR during the forecast period 2023-2030.
The global market for limb girdle muscular dystrophy treatment has undergone significant growth and changes, shaped by various influencing factors. Limb-girdle muscular dystrophies, a diverse group of hereditary illnesses, lead to muscle loss and weakening. The development of this condition typically involves the inheritance of a defective gene from both parents in an autosomal recessive manner.
The trajectory of this market is strongly influenced by government investments and research initiatives, especially in developing economies. These efforts are driving the adoption of advanced technologies for innovative treatments, such as gene therapy or corticosteroids, specifically designed for limb-girdle muscular dystrophy types 1 and 2. This strategic focus is expected to propel the global limb girdle muscular dystrophy treatment market forward.
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Market Dynamics
The healthcare sectors in developed economies are experiencing notable advancements, fueled by substantial investments, elevated income levels, and robust infrastructure development. The growing demand for limb girdle muscular dystrophy treatment, driven by increasing research, is prompting collaborations, acquisitions, and license agreements among countries, thereby playing a pivotal role in market growth.
A noteworthy collaboration between Thales, a European artificial intelligence developer for mission-critical systems, and Genethon, a leader in genetic therapy research, aims to create innovative digital models to enhance bioproduction in the gene therapy domain. This collaboration, initiated on July 12, 2023, is geared towards addressing the complexities and challenges of gene therapy treatment development, with a focus on reducing production costs and time.
Furthermore, on February 16, 2023, the European Commission granted orphan drug designation to AB-1003 (also known as LION-101), a medicine for limb-girdle muscular dystrophy (LGMD). This designation, awarded to Asklepios BioPharmaceutical, Inc., a subsidiary of Bayer AG, marks a significant regulatory approval, further contributing to the advancement of limb girdle muscular dystrophy treatment options.
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Market Segmentation
By Type
- Limb-girdle Muscular Dystrophy Type 1
- Limb-girdle Muscular Dystrophy Type 2
By Treatment
- Medications
- Gene Therapy
- Others
By End User
- Hospitals
- Ambulatory Surgical Centers
- Others
Market Key Players
Major players are Jubilant Cadista Pharmaceuticals Inc., Sarepta Therapeutics, Inc., ML Bio Solutions, Genethon, Asklepios BioPharmaceutical, Inc., Atamyo Therapeutics, Vita Therapeutics, Inc., Edgewise Therapeutics, BridgeBio Inc. and Hansa Biopharma.
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