PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1522776
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1522776
The global Duchenne muscular dystrophy (DMD) market is valued approximately at USD 1.38 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2024-2032. DMD is a genetic disorder marked by progressive muscle degeneration and weakness due to alterations in the dystrophin protein. Predominantly affecting males, the disease manifests in early childhood with symptoms such as delayed motor development and difficulties in learning to talk. The progressive nature of the disease leads to significant skeletal and cardiac muscle atrophy, necessitating comprehensive management strategies including glucocorticoid therapy and physical therapy to delay the onset of severe complications.
Current treatments focus on managing symptoms and improving quality of life. The development of exon skipping therapies, driven by significant advances in genetic research, has provided new avenues for market growth. The introduction of these therapies by key market players is expected to drive the market forward. Moreover, the increasing incidence of DMD and the active pipeline of novel drugs further bolster market expansion. However, the high cost associated with DMD treatments poses a significant barrier to market growth. Despite this, the rising demand for advanced healthcare services and the substantial investments in healthcare infrastructure, especially in emerging economies, present lucrative opportunities for market players. Governments' increased spending on the pharmaceutical and biotechnology sectors in developing countries is expected to further propel market growth.
The key region in the Global Duchenne Muscular Dystrophy Market include North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America accounted for the majority of the global market share in 2021 and is expected to maintain its dominance due to technological advancements and a robust hospital infrastructure. The Asia-Pacific region is projected to grow at the highest CAGR, fueled by rising DMD cases, healthcare infrastructure development, and increased investment in healthcare projects.