Marine Pharmaceuticals Market Analysis & Forecast 2022 - 2028|Seattle Genetics, DSM

 

The drug obtained from marine organisms which are being conventionally used like shark and cod-liver oils, sodium alginate, agar-agar, chitin etc.

Marine organisms are potential source for drug discovery. Life has originated from the oceans that cover over 70% of the surface of earth and contain highly ecological, chemical and biological diversity starting from micro-organisms to vertebrates. This diversity has been the source of unique chemical compounds, which hold tremendous pharmaceutical potential.
Highlights
Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global Marine Pharmaceuticals market is projected to reach US$ 52570 million by 2028 from an estimated US$ 32220 million in 2022, at a CAGR of 8.5% during 2023 and 2028.
Global Marine Pharmaceuticals key players include Seattle Genetics, Inc., DSM, Eisai Co, Takeda, BASF, Amway, etc. Global top six manufacturers hold a share about 10%.
North America is the largest market, with a share about 35%, followed by Europe and China, both have a share over 35 percent

In terms of product, Health Supplement is the largest segment, with a share about 90%. And in terms of application, the largest application is Pharmacy, followed by Hospital & Clinic.

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Complete study of the global Marine Pharmaceuticals market is carried out by the analysts in this report, taking into consideration key factors like drivers, challenges, recent trends, opportunities, advancements, and competitive landscape. This report offers a clear understanding of the present as well as future scenario of the global Marine Pharmaceuticals industry. Research techniques like PESTLE and Porter's Five Forces analysis have been deployed by the researchers. They have also provided accurate data on Marine Pharmaceuticals production, capacity, price, cost, margin, and revenue to help the players gain a clear understanding of the overall existing and future market situation.

 
Segmental Analysis

The report has classified the global Marine Pharmaceuticals industry into segments including product type and application. Every segment is evaluated based on growth rate and share. Besides, the analysts have studied the potential regions that may prove rewarding for the Marine Pharmaceuticals manufacturers in the coming years. The regional analysis includes reliable predictions on value and volume, thereby helping market players to gain deep insights into the overall Marine Pharmaceuticals industry.

Global Marine Pharmaceuticals Market Segment By Type:

Drugs
Health Supplement

Global Marine Pharmaceuticals Market Segment By Application:

Hospital & Clinic
Pharmacy
Other

Competitive Landscape

It is important for every market participant to be familiar with the competitive scenario in the global Marine Pharmaceuticals industry. In order to fulfill the requirements, the industry analysts have evaluated the strategic activities of the competitors to help the key players strengthen their foothold in the market and increase their competitiveness.

Key companies operating in the global Marine Pharmaceuticals market include: Seattle Genetics, DSM, Eisai Co, Takeda, BASF, Amway, Pfizer, Pelagia (EPAX), Pharma Mar SA, Croda, GNC, GSK, TerSera Therapeutics, Nordic Naturals, Carlson Labs
 
Key questions answered in the report:

What is the growth potential of the Marine Pharmaceuticals market?
Which product segment will grab a lion's share?
Which regional market will emerge as a frontrunner in the coming years?
Which application segment will grow at a robust rate?
What are the growth opportunities that may emerge in the Marine Pharmaceuticals industry in the years to come?
What are the key challenges that the global Marine Pharmaceuticals market may face in the future?
Which are the leading companies in the global Marine Pharmaceuticals market?
Which are the key trends positively impacting the market growth?
Which are the growth strategies considered by the players to sustain their hold in the global Marine Pharmaceuticals market?
 
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This release was published on openPR.