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Global Cystic Fibrosis (CF) Therapeutics Market To Surpass 11.4% CAGR By 2027, According to The Business Research Company's CF Therapeutics Market Report: Teva Pharmaceutical Industries Ltd., Gilead Sciences, Inc., Mylan N.V
Cystic Fibrosis (CF) Therapeutics Market
Cystic Fibrosis (CF) Therapeutics Market Size, Growth Rate, And Forecast
The global cystic fibrosis (CF) therapeutics market size is expected to grow from $5.82 billion in 2022 to $6.54 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cystic fibrosis (CF) therapeutics market size is expected to reach $10.11 billion in 2027 at a CAGR of 11.4%.
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Cystic Fibrosis (CF) Therapeutics Market Drivers
An increase in the number of patients suffering from cystic fibrosis is expected to propel the growth of the cystic fibrosis (CF) therapeutics market going forward. Cystic fibrosis (CF) is an inherited condition that severely harms the body's lungs, digestive system, and other organs. Cystic fibrosis therapeutics are used to treat cystic fibrosis disorder by making the mucus in the lungs thinner and easier to cough up. Thus, an increase in the number of patients suffering from cystic fibrosis is expected to boost the cystic fibrosis (CF) therapeutics market. For instance, in July 2022, according to a report shared by The Cystic Fibrosis (CF) Foundation, a US-based non-profit organisation, there has been an upsurge in the number of people with cystic fibrosis, in 2022 cystic fibrosis affects almost 40,000 children and adults in the United States, and over 105,000 people worldwide have been diagnosed. Therefore, an increase in the number of patients suffering from cystic fibrosis is driving the growth of the cystic fibrosis (CF) therapeutics market.
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Cystic Fibrosis (CF) Therapeutics Market Segments
• By Drug Class: Pancreatic Enzyme Supplements, Mucolytic, Bronchodilators, CFTR Modulators
• By Route Of Administration: Oral, Inhaled
• By Treatment Method: Medication, Devices
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the cystic fibrosis (CF) therapeutics market.
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Cystic Fibrosis (CF) Therapeutics Market Key Players
Major competitors in the cystic fibrosis (CF) therapeutics market are Teva Pharmaceutical Industries Ltd., Gilead Sciences, Inc., Mylan N.V, Novartis AG, F. Hoffmann-La Roche AG, AbbVie Inc., Vertex Pharmaceuticals Incorporated, GlaxoSmithKline PLC, Allergan PLC.
The Business Research Company's "Global Cystic Fibrosis (CF) Therapeutics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Cystic Fibrosis (CF) Therapeutics Market Include:
1. Executive Summary
2. Cystic Fibrosis (CF) Therapeutics Market Characteristics
3. Cystic Fibrosis (CF) Therapeutics Market Trends And Strategies
4. Cystic Fibrosis (CF) Therapeutics Market - Macro Economic Scenario
5. Cystic Fibrosis (CF) Therapeutics Market Size And Growth
………………
27. Cystic Fibrosis (CF) Therapeutics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cystic Fibrosis (CF) Therapeutics Market
29. Cystic Fibrosis (CF) Therapeutics Market Future Outlook and Potential Analysis
30. Appendix
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