Fibrodysplasia Ossificans Progressiva Treatment Market study by “Data Bridge Market Research” provides details about the market dynamics affecting the Healthcare Business Intelligence market, Market scope, Market segmentation, and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years.
Fibrodysplasia ossificans progressiva (FOP) is a rare hereditary disorder. The market is expected to expand rapidly in the few years. Introduction of novel therapies and rise in cases of fibrodysplasia ossificans progressiva are likely to be major drivers of the market. Increase in demand for the treatment of this disease and increase in awareness associated with FOP are also projected to drive the market during the forecast period.
Data Bridge Market Research analyses a growth rate in the fibrodysplasia ossificans progressiva treatment market in the forecast period 2023-2030. The expected CAGR of fibrodysplasia ossificans progressiva treatment market tend to be around 4% in the mentioned forecast period. The market was valued at USD 500 million in 2022 and it would grow upto USD 684.28 million by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Fibrodysplasia ossificans progressiva (FOP) is a type of rare genetic disorder wherein the muscle tissue and connective tissue, such as the tendons and ligaments are substituted by bone, forming bone outside the skeleton that limits the movement of that specific part of the body. This can cause malformations such as shortened great toe with a malformed distal first metatarsal, abnormally short fingers and toes, inward turning of the great toe toward the other toes, or permanent fixation of the fifth finger in a bent position.
Drivers
As per the Journal of Rare Disease Research and Treatment, in 2016, the incidence of FOP ranged considerably from around 0.65 per million in North America, 0.47 per million in Western Europe, and 0.27 per million in Latin America to 0.05 per million in Africa and nearly 0.04 per million in the Asia Pacific. Therefore, it acts as a major driver in the market growth.
The market’s growth is fuelled by the increase in the number of R&D activities. This will provide much beneficial opportunities for the market. For instance, in January 2020, Regeneron Pharmaceuticals, Inc., which is an American pharmaceutical company, showcased the results from a Phase 2, double-blind placebo-controlled trial, LUMINA-1, the trial was originated to assess garetosmab for the treatment of fibrodysplasia ossificans progressiva.
Opportunities
There have been increased partnerships and collaborations between market players that lead to the growth of the market. For instance, In October 2019, Clementia Pharmaceuticals, a subsidiary of Ipsen, and Blueprint Medicines Corporation came into an exclusive license agreement to commercialize and develop BLU-782, which is a highly selective investigational ALK2 inhibitor, that is indicated for the treatment of fibrodysplasia ossificans progressiva (FOP).
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Key players operating in the fibrodysplasia ossificans progressiva treatment market include:
Fibrodysplasia Ossificans Progressiva Treatment Market Scope
The fibrodysplasia ossificans progressiva treatment market is segmented on the basis of drug class, drug, treatment, route of administration, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Drug Class
Drugs
Treatment
Route of Administration
End-User
Distribution Channel
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