Article -> Article Details
| Title | Cystic Fibrosis Market Size Top Key Players Review 2022 |
|---|---|
| Category | Fitness Health --> Health Articles |
| Meta Keywords | Cystic Fibrosis Market Size |
| Owner | Vaibhav |
| Description | |
|
Cystic fibrosis is a genetic disease that impacts the entire body
turning on disability and causing death at an early age in many cases. It is
mainly caused by mutations in the gene encoded as cystic fibrosis transmembrane
conductance regulator (CFTR) protein. The report further encompasses segmental
analysis, studies factors that can have far-reaching impacts, and introduces
expert opinions to provide a comprehensive understanding of the market. The Cystic
Fibrosis Market Size is expected to exhibit at 13.5% CAGR
to reach USD 12,943.1 million over the forecast period 2022-2030 Increasing investment in the research and development for better drugs
and therapies can take the cystic fibrosis market forward. At the same time,
the Cystic Fibrosis Foundation (CFF) is spending in millions to aid the
healthcare system. In the U.S., CFF has invested USD 425 million for the drug
development of this particular disease which in itself is an affirmative step.
As a result, a lot of medicines are now waiting in the pipeline for approval
from which patients can benefit. But among the chief detractors, heavy cost of therapy and medicines can
pull back the cystic fibrosis market growth considerably. The pathophysiology
process is also complex which requires a deft hand, and that is lacking. These
factors can affect the projected cystic fibrosis market growth rate. Major Key
Players: Prominent players in this cystic fibrosis market are
Vertex Pharmaceuticals, F. Hoffmann-La Roche, AbbVie, Gilead Sciences,
Novartis, Genentech, Pharmaxis, Chiesi Farmaceutici, Forest Laboratories, and
others. Segment Analysis The global cystic fibrosis market can be segmented by
treatment method for a comprehensive understanding. Based on the treatment method, the cystic fibrosis
market can be segmented into medication, devices, allergan cystic fibrosis and other treatments. Medication segment commands the maximum
share. The 76.4% it has as share is assisting the segment in generating
substantial revenue. The segment can also record the fastest growth rate by
clocking a 14% CAGR during the forecast period. Regional Analysis Region-specific cystic fibrosis
market can be segmented into North America, Asia Pacific, Europe, and
Rest-of-the-World (RoW). North America is leading the
market with substantial market revenue. At present, the region is predicted to
command USD 531 million by 2022. The region’s superior technology and
infrastructure are amply backing the growth of the market. Europe, on the other hand, is the
fastest growing market. It has the similar structural benefit and government
support like that of North America which are driving the market ahead. The
regional market can achieve an astounding 14.1% CAGR during the forecast
period. The APAC market is showing
significant progress. However, reported cases regarding the disease is rare.
China and Japan are countries where the disease is extremely rare. But the MEA
market can only contribute a meager sum as countries here are mostly very slow
in developing their economy and healthcare infrastructure. About Market Research
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