Report Overview
China Fabry Disease Therapeutics market size stood at around USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.
Fabry disease is a rare inherited disorder of glycosphingolipid (fat) metabolism resulting from the absent or markedly deficient activity of the lysosomal enzyme, -galactosidase A (-Gal A). The global incidence rate of Fabry diseaseis estimated to be 1 in every 40,000 to 60,000 persons. Women can also have the disease, but the prevalence is less known.
Market Drivers
China is a growing market for fabry disease due to increase in awareness of disease and improvement in R&D activities. Additionally, the increasing awareness about enzyme replacement therapy among consumers and rising healthcare expenditure towards research and development activities and the adoption of technologically advanced medical devices is expected to drive the market growth.
However, there are some restraining factors for the growth of Fabry disease therapeutics market in China such as high cost of treatment, limitations of medical insurance coverage and misdiagnosis of the disease.
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