FISH SKIN DISEASE MARKET ANALYSIS

Fish Skin Disease MarketSize and Trends

The Global Fish Skin Disease Market, was valued at US$ 1.4 Billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 9.8% to reach US$ 2.7 Billion by end of 2030. The growth of the market is driven by factors such as the rise in cases of genetic skin disorders and growing research and development. In addition, the constant development of new treatment methods and the rise in healthcare expenditures will further provide potential opportunities for the growth of the fish skin disease market in the coming years.

Fish Skin Disease Market Trends:

• Rising funding for research on rare diseases: Rising funding for research on rare diseases is fueling discoveries and advancements in treatments for ichthyosis, which is positively impacting the growth of the fish skin disease market. Ichthyosis is a group of rare genetic skin disorders characterized by dry, thickened, and flaky skin. The symptoms can range from mild to severe, greatly impacting quality of life. However, more foundations and governments have stepped up in recent years to increase funding for clinical research studies to better understand the diseases and develop targeted therapies. For instance, on September 19, 2023, the National Organization for Rare Disorders (NORD) announced three new grant funding opportunities related to rare diseases.