Cystic Fibrosis Market Headed for Growth and Global Expansion by 2026 With Top Players AbbVie, Aradigm, Aurora Biosciences, Bayer AG, Demegen, EryDel, Genentech, InDex Pharmaceuticals
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In spite of significant advancement in cystic fibrosis therapeutics, individuals suffering from CF face significant unmet needs owing to the deficiency of restorative therapies, inadequate choice of mucolytic treatments, and the unvarying fight alongside severe lung infection that needs the expansion of novel antibiotics. These factors are likely to drive the growth of the cystic fibrosis market during the forecast period.
There are many types of antibiotics for CF lung infections such as P. aeruginosa and S. aureus. Nevertheless, excessive use of the drug may lead to resistant strains of the gene. Antibiotics are the most common treatment regime in CF, since they are mainly used to eliminate pathogens in recently infected patients. Antibiotics are used on a long-term basis to avoid the requirement of more serious hospital treatments as a result of their ability to control the infection. The requirement for a more wide range of antibiotics is mirrored in the CF treatment market, with more than a few novel antibiotics in active development phase. This dynamic nature of the treatment for CF will encourage the growth of the global CF market.
High prevalence of genetic diseases including CF will drive the overall cystic fibrosis market
According to Netwellness, a community service provider, 3 to 4% of the babies are born with genetic disorders. This number is poised to rise in the coming years, especially in the emerging economies of Asia pacific such as China and India owing to high birth rate observed in these regions. As the number of cases of CF rises, so will the demand for CF treatment, thereby augmenting the growth of the overall cystic fibrosis market during the forecast period.
Some of the key players operating in the global cystic fibrosis market are AbbVie, Inc., Aradigm, Aurora Biosciences, Bayer AG, Demegen, EryDel, Genentech, Inc., InDex Pharmaceuticals, ManRos Therapeutics, Novartis AG, Polydex Pharmaceuticals, and F. Hoffmann-La Roche AG.
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On the basis of geography North America held the maximum market share in the cystic fibrosis market globally. Constructive and favorable regulations and policies as well as high availability of sophisticated healthcare facilities and rising approvals of drugs for treating CF are likely to propel the growth of the cystic fibrosis industry in this region.
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