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What are the growth projections for the brineura market from 2024 to 2029?
The brineura market size has XX (HCAGR) in recent years. It will grow from $XX million in 2024 to $XX million in 2025 at a compound annual growth rate (CAGR) of XX%. The growth in the historic period can be attributed to the increasing prevalence of batten disease, rise in awareness of rare neurodegenerative disorders, growth in pediatric-focused therapies, rise in diagnostic capabilities, and increased regulatory approvals for enzyme replacement therapies.
The brineura market size is expected to see XX (FCAGR) in the next few years. It will grow to $XX million in 2029 at a compound annual growth rate (CAGR) of XX%. The growth in the forecast period can be attributed to increasing healthcare expenditure, rising adoption of orphan drugs, growing focus on personalized medicine, increasing access to rare disease diagnostics, and rising investments in biologics. Major trends in the forecast period include the expansion of gene therapy research, increasing use of AI in drug discovery, growing focus on patient-centric therapies, rising collaborations between pharmaceutical companies, and increasing adoption of digital health solutions.
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What strategic initiatives by market players are driving brineura industry growth?
The increasing prevalence of genetic disorders is expected to propel the growth of the brineura market going forward. Genetic disorders are medical conditions caused by mutations or abnormalities in an individual’s DNA, either in genes or chromosomes. The increasing prevalence of genetic disorders is attributed to several factors, including improved detection and awareness through advanced diagnostic tools, better access to healthcare services, ongoing advancements in genetic research, and changes in reproductive patterns. Brineura is used in genetic disorders to deliver enzyme replacement therapy directly to the central nervous system, slowing disease progression and improving neurological function. For instance, in November 2022, according to the report published by the United Kingdom Hemophilia Centre Doctors’ Organization (UKHCDO), a UK-based medical association organization, the new registrations of Hemophilia A in the United Kingdom in 2021 were 16, which increased to 19 in 2022. Therefore, the increasing prevalence of genetic disorders is driving the growth of the brineura market.
What emerging segments are shaping the future landscape of the brineura industry?
The brineura market covered in this report is segmented –
1) By Indication: Neuronal Ceroid Lipofuscinosis Type 2 (CLN2), Other Lysosomal Storage Disorders
2) By End Use: Hospitals, Clinics, Ambulatory Care, Home Care
3) By Distribution Channel: Direct Sales, Pharmaceutical Wholesalers, Online Pharmacies, Retail Pharmacies
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Which sustainability trends are emerging in the brineura market?
A key trend in the brineura market is the advancement of cutting-edge therapeutic innovations, such as pediatric neurodegenerative treatments, designed for early intervention in children of all ages, including presymptomatic cases, to slow disease progression and enhance outcomes. Pediatric neurodegenerative therapy refers to medical treatments specifically designed to address progressive neurological disorders in children, which lead to the degeneration of nerve cells and often result in severe cognitive and motor impairments. For instance, in July 2024, BioMarin Pharmaceutical Inc., a US-based biotechnology company, announced the FDA approval of Brineura (cerliponase alfa) for children under 3 years old with CLN2 disease. This approval expanded its use to all ages, including presymptomatic patients, marking a significant advancement in early intervention for this rare genetic condition. The treatment slows motor decline and delays disease onset, supported by clinical data showing preserved motor function in children under 3 when treated early.
How are key players in the brineura market strengthening their market position?
Major companies operating in the brineura market include BioMarin Pharmaceutical Inc.
Which geographic areas are contributing significantly to the growth of the brineura sector?
North America was the largest region in the brineura market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the brineura market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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