February 25, 2024

Growing Prevalence Of Epidermolysis Bullosa Drives The Global Market To Reach US$ 3,429.30 Mn By 2022

Market Overview:

The global Epidermolysis Bullosa Market is estimated to be valued at Us$ 3,429.30 Mn in 2022 and is expected to exhibit a CAGR Of 11.2% over the forecast period of 2022-2030, as highlighted in a new report published by Coherent Market Insights. Epidermolysis Bullosa is a rare genetic condition characterized by fragile skin that forms blisters and wounds with minimal friction or trauma. The market for Epidermolysis Bullosa products includes wound care dressings, gene therapy treatments, and cell-based therapies, among others. The advantages of these products include reducing pain and complications, promoting wound healing, and improving the patient’s quality of life. With the increasing prevalence of Epidermolysis Bullosa and the growing awareness about available treatment options, the demand for these products is expected to witness significant growth.

Market key trends:

 

One key trend in the Epidermolysis Bullosa market is the adoption of gene therapy treatments. Gene therapy holds promising potential in treating genetic diseases like Epidermolysis Bullosa by correcting the underlying genetic defects. It involves introducing functional genes into the patient’s cells to replace the faulty ones. This approach has shown positive outcomes in preclinical and early clinical trials, offering hope for effective and long-term treatment of Epidermolysis Bullosa. Several key players in the market, such as Amryt Pharma, Abeona Therapeutics, and Castle Creek Pharmaceuticals, are investing in research and development of gene therapies for Epidermolysis Bullosa. The increasing focus on gene therapy in the market is expected to drive advancements in treatment options

Segment Analysis:

The Epidermolysis Bullosa (EB) market can be segmented based on disease type, treatment type, and end-user. In terms of disease type, the market can be divided into dystrophic EB, junctional EB, epidermolytic EB, and others. Among these, the dystrophic EB segment is expected to dominate the market during the forecast period. This can be attributed to the high prevalence of dystrophic EB, which is the most severe and debilitating form of the disease. Dystrophic EB is characterized by blistering and scarring of the skin, as well as complications such as deformities, feeding difficulties, and an increased risk of skin infections. As a result, there is a higher demand for advanced wound care products and therapies for the treatment of dystrophic EB.

Key Takeaways:

The global Epidermolysis Bullosa Market is expected to witness high growth, exhibiting a CAGR of 11.2% over the forecast period of 2022-2030. This growth can be attributed to several factors. Firstly, the increasing prevalence of EB, coupled with a growing awareness among healthcare professionals and patients, is driving the demand for effective treatments. Additionally, advancements in regenerative medicine and gene therapy are providing new treatment options for patients with EB. Furthermore, the rising investments in research and development activities by key players in the market are expected to accelerate the development of novel therapies and drive market growth.

In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the Epidermolysis Bullosa market. This can be attributed to factors such as the high prevalence of EB in the region, increasing investments in research and development activities, and favorable reimbursement policies. Additionally, the presence of key players in the region and collaborations between academic institutions and pharmaceutical companies are further driving market growth in North America.

Key players operating in the Epidermolysis Bullosa market include Amryt Pharma, Abeona Therapeutics, Castle Creek Pharmaceuticals, RegeneRx, Krystal Biotech, RHEACELL GmbH, Holostem Terapie Avanzate, StemRim/Shionogi, and Phoenix Tissue Repair. These players are focusing on strategic collaborations, mergers and acquisitions, and innovative product development to strengthen their market presence. For instance, Amryt Pharma recently acquired Aegerion Pharmaceuticals, which has expanded its product portfolio in the EB market. Such initiatives by key players are expected to contribute to market growth and provide patients with effective treatment options.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it