Global epidermolysis bullosa market is estimated to be valued at US$ 3,429.30 million in 2022 and is expected to exhibit a CAGR of 11.2% over the forecast period (2022-2030)
Figure 1. Global Epidermolysis Bullosa Market Value (US$ Mn), By Region, 2022
Increasing prevalence of epidermolysis bullosa is expected to drive growth of the global epidermolysis bullosa market over the forecast period.
For instance, according to the data published in the Orphanet Journal of Rare Diseases in 2020, the overall prevalence of epidermolysis bullosa in the U.S. is 11.1 per million live births with an incidence of 1 in every 51,000 live births.
Figure 2. Global Epidermolysis Bullosa Market Share (%), By Product Type, 2022
Increasing clinical trials for the treatment of epidermolysis bullosa is expected to propel the market growth over the forecast period.
For instance, on July 25, 2022, InMed Pharmaceuticals, Inc., which is involved in the research, development, manufacturing, and commercialization of rare cannabinoids INM-755 cannabinol cream for epidermolysis bullosa, provided an update that adolescent patients can participate in the clinical trial.
Moreover, on February 22, 2019, Phoenix Tissue Repair, Inc., a biotechnology company focused on developing a disease-modifying treatment for Dystrophic Epidermolysis Bullosa (DEB), announced that the first patient had been dosed in phase 1/2, first-in-human trial of PTR-01, a protein replacement therapy for recessive DEB.
Global Epidermolysis Bullosa Market Restraint
The high treatment cost of epidermolysis bullosa is expected to hinder the market growth over the forecast period.
For instance, according to the data published in the National Center for Biotechnology Information on September 8, 2020, the average monthly bandage cost epidermolysis bullosa range from US$ 262 to > US$ 2,000.
Global Epidermolysis Bullosa Market – Impact of Coronavirus (COVID-19) Pandemic
The coronavirus (COVID-19) outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19 a pandemic on March 11, 2020. According to the Coronavirus (COVID-19), Weekly Epidemiological Update by the World Health Organization, over 633,263,617 cases of coronavirus disease (COVID-19) were reported till November 15, 2022, across the globe.
The COVID-19 pandemic caused major disruptions to clinical trial execution in the U.S., impacting key stakeholders across the industry. Investigative site capabilities experienced social-distancing protocols, financial losses, and concerns over patient safety. Sponsors, CROs (clinical research organizations), and other organizations that support drug development shifted to remote working environments. According to Lancet, an estimated 80% of non-COVID-19 trials were stopped or interrupted as a result of the COVID-19 pandemic.
Epidermolysis Bullosa Market Report Snapshots
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