USD 87.52 million
Report ID:
SQSG35I2026 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|Tables:
88
|Figures:
76
Morquio Syndrome Treatment Market size was valued at USD 95.72 Million in 2023 and is poised to grow from USD 104.85 Million in 2024 to USD 206.56 Million by 2032, growing at a CAGR of 9.54% during the forecast period (2025-2032).
An uncommon inherited metabolic disorder that typically affects the skeleton is referred to as Morquio syndrome, commonly known as MPS IV. Morquio syndrome is recognized as a member of the mucopolysaccharidosis group of illnesses (MPS). The body's inability to break down long sugar chains known as glycosaminoglycans is a hallmark of MPS.
One of the key factors propelling the growth of the mosquito syndrome treatment market is the rise in the number of people suffering from the condition globally. Increased government and corporate backing, as well as an increase in the demand for specific medications to treat the syndrome's sequelae, all contribute to the market's rapid expansion. The market is also impacted by the rise in mergers and partnerships between manufacturers to improve treatment alternatives. Additionally, the market for treatments for Morquio syndrome is positively impacted by the rise in healthcare spending, changes in lifestyle, technological advancements, and the occurrence of genetic illnesses. Additionally, the expansion of clinical trials creates lucrative prospects for market participants throughout the projection period of 2022 to 2028.
On the other hand, it is expected that weak reimbursement policies, particularly in the price-sensitive industry, and high production costs may restrain market expansion. The morquio syndrome treatment market is expected to have difficulties during the forecast period of 2022-2028 due to low treatment awareness.
US Morquio Syndrome Treatment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 87.52 million
Largest Segment
Hospital Pharmacies
Fastest Growth
Hospital Pharmacies
Growth Rate
9.54% CAGR
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Global morquio syndrome therapy market is divided into segments based on distribution method, disease type, treatment, and Region. Based on Treatment the market is further is sub segmented into Enzyme Replacement Therapy, Based on Disease Type the market is segregated into Morquio A, Morquio B, Based on Distribution Channel the market is further sub segmented into Hospital Pharmacies, Retail Pharmacies, Online Pharmacies. Based on Region, the market is further sub segmented into Middle East and Africa, Europe, Latin America, North America, and Asia Pacific.
Morquio Syndrome Treatment Market Analysis by Distribution Channel
The chronic inflammatory demyelinating polyneuropathy market has been divided into hospitals, research & academic laboratories, and others in terms of distribution channels. Due to their extensive presence and the choice that patients have for hospitals, hospitals have accumulated the largest share of the global market. Patients are beginning to recognise the value of speciality clinics, where they can gain a deeper understanding of their ailment.
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The Asia Pacific is also expected to dominate the market over the forecast period owing to factors such as the rising disposable income of individuals and increasing demand for passenger cars with advanced technology from the developing countries.
Due to the region's advanced technological infrastructure in the healthcare industry, North America now holds a dominant position in the morquio syndrome therapy market. Due to the region's enormous target population, Asia-Pacific is predicted to have rapid growth from 2022 to 2028.
The national part of the research also lists specific market-impacting variables and domestic market regulation changes that affect the market's present and future tendencies. Some of the key indicators utilized to anticipate the market scenario for specific countries include data points like new sales, replacement sales, national demographics, disease epidemiology, and import-export tariffs. When giving forecast analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from domestic and local brands, and the impact of sales channels.
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Morquio Syndrome Treatment Market Driver
Morquio Syndrome Treatment Market Restraint
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In addition to recent regulatory approvals, there has been an increase in R&D for the treatment of Morquio syndrome, as shown by the increased inclusion of the condition in the clinical pipelines of the leading market participants. For the Morquio syndrome, for instance, Shire is conducting a Phase 3 Study, Ultragenyx Pharmaceutical Inc. is testing a medicine (AGT 181) in a clinical trial, and ArmaGen, Inc. is also testing a treatment for the syndrome in young patients. The market for treatments for Morquio syndrome is expanding as a result of this as well as increased disease awareness.
Morquio Syndrome Treatment Market Top Player’s Company Profiles
Morquio Syndrome Treatment Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by the robust Secondary Desk research.
According to the analysis, the enzyme replacement therapy segment dominated the Global Morquio Syndrome Treatment Market in 2021 and is expected to maintain its dominance throughout the forecast period. In 2021, North America dominated the Global Morquio Syndrome Treatment Market owing to the region's highly aware and economically stable population, as well as a significantly higher number of procedures conducted.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 95.72 Million |
Market size value in 2032 | USD 206.56 Million |
Growth Rate | 9.54% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Morquio Syndrome Treatment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Morquio Syndrome Treatment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Morquio Syndrome Treatment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Morquio Syndrome Treatment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQSG35I2026
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