PUBLISHER: The Business Research Company | PRODUCT CODE: 1539747
PUBLISHER: The Business Research Company | PRODUCT CODE: 1539747
Mucolipidosis II, also known as I-cell disease, is a rare inherited condition characterized by the inability of cells to effectively break down specific substances, leading to progressive deterioration of organs and tissues over time. This disease arises from mutations in enzymes that hinder the breakdown of cellular substances, resulting in skeletal abnormalities and developmental delays in affected individuals.
In the mucolipidosis II market, primary treatments include antibiotics, physical therapy, hip replacement, experimental therapies, and other supportive measures. Antibiotics are medications utilized to combat bacterial infections by either killing the bacteria or inhibiting their growth. These treatments are administered through various methods such as injection, oral ingestion, and others. They aim to address symptoms such as deafness, hypotonia (lack of muscle tone), abnormal spinal curvature, developmental delays, impaired growth of gross and fine motor skills, among others, in settings such as hospitals, homecare, and specialty clinics.
The mucolipidosis II market research report is one of a series of new reports from The Business Research Company that provides mucolipidosis II market statistics, including the mucolipidosis II industry global market size, regional shares, competitors with mucolipidosis II market share, detailed mucolipidosis II market segments, market trends, and opportunities, and any further data you may need to thrive in the mucolipidosis II industry. These mucolipidosis II market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The mucolipidosis II market size has grown steadily in recent years. It will grow from $12.61 billion in 2023 to $13.13 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth during the historic period was driven by several factors, including the rise in regulatory approvals for orphan drugs, increased awareness of mucolipidosis II disease, a surge in clinical trials, expanded genetic testing, growing funding for rare disease research, and improved diagnosis rates.
The mucolipidosis II market size is expected to see steady growth in the next few years. It will grow to $15.52 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. Anticipated growth in the forecast period will be fueled by increased awareness among healthcare professionals, intensified research and development efforts, the emergence of biomarkers for early disease detection, rising investments in therapies for rare diseases, expanding reimbursement policies, and growing demand for gene therapy. Key trends expected in this period include advancements in artificial intelligence in medicine, improvements in genetic testing technologies, enhancements in diagnostic methods, developments in therapeutic treatments, and the expansion of telemedicine.
The growth of gene therapy is expected to drive the expansion of the mucolipidosis II market in the future. Gene therapy is an advanced medical technique aimed at treating genetic disorders by correcting defective genes or introducing new ones into a patient's cells through methods such as gene addition, editing, silencing, and regulation. This approach holds promise for treating ML II by addressing its genetic root cause through the introduction of a functional gene copy to restore enzyme production. For example, the American Society of Gene & Cell Therapy reported a 10% increase in phase III clinical trials for gene therapies in the third quarter of 2023, signaling a significant advancement in the field. Consequently, the rise in gene therapy is expected to propel the mucolipidosis II market forward.
Increased research and development (R&D) activities are anticipated to fuel growth in the mucolipidosis II market. R&D involves systematic investigation and experimentation aimed at discovering new knowledge or developing new products, processes, or services. These activities are critical for advancing ML II treatments by enhancing understanding of the disease, developing effective gene therapies to target genetic mutations, improving delivery methods, and conducting rigorous preclinical and clinical trials. For instance, the UK government's expenditure on R&D increased by 10.5% to £15.5 billion in 2022 from £14.0 billion in 2021, according to the Office for National Statistics. This reflects a growing commitment to innovation and technological advancement in healthcare. Therefore, the increase in R&D activities is poised to drive growth in the mucolipidosis II market.
Leading companies involved in the mucolipidosis II (ML II) market are focusing on developing gene therapies aimed at addressing the genetic mutations underlying the disease. These therapies aim to introduce functional copies of the defective genes into patients' cells, with the goal of correcting the metabolic dysfunctions characteristic of ML II. For example, in February 2021, M6P Therapeutics, a US-based biotechnology company, obtained orphan drug designation for their M002 S1S3 PTase AAV gene therapy designed for mucolipidosis. This therapy utilizes M6P Therapeutics' S1S3 bicistronic platform to deliver a truncated phosphotransferase (PTase) enzyme via an AAV-9 vector. In preclinical studies using an ML-II mouse model, M002 was shown to restore the phosphorylation of soluble lysosomal enzymes in transduced cells within 3 weeks after administration.
Major companies operating in the mucolipidosis ii market are Pfizer Inc., Merck & Co. Inc., Sanofi S.A., Novartis AG, Takeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Limited, Jazz Pharmaceuticals, Cipla Limited, Lupin Limited, Zydus Lifesciences Limited, Alembic Pharmaceuticals, Ultragenyx Pharmaceutical Inc., Regenxbio Inc., Denali Therapeutics Inc., Mylan N.V., Intellia Therapeutics Inc., Avrobio Inc., Orchard Therapeutics plc, Eloxx Pharmaceuticals Inc., Lysogene S.A., Sio Gene Therapies, Homology Medicines Inc., BSN medical GmbH, Abeona Therapeutics Inc
North America was the largest region in the mucolipidosis II market in 2023. The regions covered in the mucolipidosis ii market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the mucolipidosis ii market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The mucolipidosis II consists of revenues earned by entities by providing services such as genetic counseling for families, diagnostic testing and monitoring, and physical interventional services such as occupational therapy and speech therapy. The market value includes the value of related goods sold by the service provider or included within the service offering. The mucolipidosis II market also includes sales of immunity boosters, nonsteroidal anti-inflammatory drugs, pain relievers, braces or orthotic devices, wheelchairs, walkers, and feeding tubes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Mucolipidosis II Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on mucolipidosis II market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mucolipidosis II ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The mucolipidosis II market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.