The global genetic disorders drug market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). A genetic disorder is a disease that is caused by a change in the DNA sequence. It is caused by a mutation in one gene or by mutations in multiple genes or by a combination of gene mutations and environmental factors and by damage to chromosomes. The major factor for the growth of the global genetic disorders drug market is the increasing genetic disorders across the globe. According to the Genetic and Rare Diseases Information Center (GARD), an estimated 25-30 million people are living with a genetic disorder in the US. Furthermore, the global genetic disorders drugs is growing owing to new FDA approvals. For instance, in May 2019, AveXis Inc. announced that they received the approval for Zolgensma (onasemnogene abeparvovec-xioi) From the US FDA. It is the first gene therapy used for the treatment of spinal muscular atrophy (SMA) in children less than two years of age.
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Some major players in the market include Novartis International AG, Sanofi SA, and Pfizer Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in June 2021, ProMetic Biotherapeutics Inc. announced the approval of Ryplazim (plasminogen, human-tvmh) from the US FDA. It is used for the treatment of plasminogen deficiency type 1, a disorder that can impair normal tissue and organ function and may lead to blindness.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Type
- By Application
Regions Covered–
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Novartis International AG, Sanofi SA, and Pfizer Inc., among others.
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Global Genetic Disorders Drug Market Report by Segment
By Type
- Single Gene Disorders
- Chromosome Disorders
- Multifactorial Disorders
- Others
By Application
- Hospital
- Clinics
- Others
Global Genetic Disorders Drug Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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