Global Deuterium-Substituted Drugs Market to Reach USD 326.9 Million by 2030; Growing Number of R&D Activities to Drive the Market | Markets N Research

The global deuterium-substituted drugs market is expected to grow strongly, reaching USD 326.9 million by 2030. As per the report titled "Deuterium-substituted Drugs Market Size, Share & COVID-19 Impact Analysis, By Type (Drugs in Clinical Trials, and Marketed Drug), By Application (Hospital, Clinic, Others), and Regional Forecasts, 2023-2030" observes that the market size in 2022 stood at USD 241.2 million and USD 326.9 million in 2030. The market is expected to exhibit a CAGR of 5.20% during the forecast period.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 @ https://marketsnresearch.com/sample/1646

𝐅𝐃𝐀 𝐇𝐚𝐬 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐬𝐞𝐝 𝐓𝐡𝐞 𝐕𝐌𝐀𝐓𝟐 𝐈𝐧𝐡𝐢𝐛𝐢𝐭𝐨𝐫 𝐃𝐞𝐮𝐭𝐞𝐭𝐫𝐚𝐛𝐞𝐧𝐚𝐳𝐢𝐧𝐞 𝐅𝐫𝐨𝐦 𝐓𝐞𝐯𝐚 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥𝐬 𝐀𝐬 𝐀 𝐍𝐨𝐯𝐞𝐥 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐄𝐧𝐭𝐢𝐭𝐲 (𝐍𝐂𝐄)

In September 2018, the Food and Drug Administration (FDA) approved the VMAT2 inhibitor deutetrabenazine from Teva Pharmaceuticals as a new chemical entity (NCE) under its 501(b)(2) regulations, ushering in a new paradigm in drug development in the spring of last year. This molecule is special since it is the first commercially available deuterium-substituted medication, and it ushers in a new era for the clinical development of medications with similar modifications.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐍𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐑&𝐃 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

An increase in R&D activities is fueling the market's expansion. This will provide advantageous opportunities for the growth of the deuterium-substituted drugs market. Additionally, rising deuterium-substituted drug approvals and launches will accelerate the market's growth rate. Furthermore, rising investment in advanced technology development and an increase in emerging markets will provide additional opportunities for deuterium-substituted drugs market growth during the forecast period. Rising public and private sector initiatives to raise awareness will expand the market. Furthermore, rising disposable income and increased deuterium-substituted drug development will drive the market forward.

𝐑𝐞𝐚𝐝 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://marketsnresearch.com/report/1646/global-deuterium-substituted-drugs-market

𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐨𝐧 𝐃𝐞𝐮𝐭𝐞𝐫𝐢𝐮𝐦-𝐒𝐮𝐛𝐬𝐭𝐢𝐭𝐮𝐭𝐞𝐝 𝐃𝐫𝐮𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Due to stringent government actions such as lockdowns to prevent the spread of infection, the COVID-19 pandemic had a negative impact on the market. During the pandemic, the prescription rate for deuterium-substituted drugs used to treat Alzheimer's disease was reduced due to decreased patient visits to clinics and hospitals for treatment and concern about COVID infection, hampered market expansion. The COVID-19 pandemic, which occurred in most of the region's countries in 2020, significantly impacted the regional market.

𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐃𝐞𝐯𝐞𝐥𝐨𝐩 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐏𝐥𝐚𝐧𝐬 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐁𝐫𝐚𝐧𝐝 𝐈𝐦𝐚𝐠𝐞

The leading businesses in the deuterium-substituted drugs market plan acquisitions to improve their brand recognition globally. For instance, in March 2022, the collaboration agreement between Biogen Inc. and Eisai Co., Ltd. about Alzheimer's disease treatments was enlarged. This may result in the growth of the deuterium-substituted drugs market.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭

• Teva
• Zelgen
• Bristol-Myers Squibb
• Alkeus
• Avanir
• Retrotope
• Vertex
• Concert
• Jazz Pharmaceuticals
• Hinova Pharmaceuticals Inc.

𝐅𝐮𝐫𝐭𝐡𝐞𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬

• The market in North America is expected to gain a huge portion of the global deuterium-substituted drugs market share in the coming years because more research and development is being done in this field and because major corporations are concentrating more on improving medications using a deuterium replacement.

• The market for deuterium-substituted medications is growing due to the expansion of research into Alzheimer's therapy.

• In the Asia Pacific, the growth in this region is primarily driven by rising healthcare expenditures and the prevalence of Alzheimer's disease in the area.

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