AKT Inhibitors Market Opportunities, Business Forecast To 2029

According to Precision Business Insights (PBI), latest report, the akt inhibitors market was valued at USD million in 2022 and is expected to grow at a X% CAGR from 2023 to 2029. The primary drivers of the expansion of the global AKT inhibitors market include the increasing prevalence of cancer across the globe. In addition, increasing research and development activities in developing novel AKT inhibitors are expected to boost the growth of AKT inhibitors market over the forecast period.

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Cancer Segment is expected to Dominate the AKT Inhibitors Market:
Based on the application, the global AKT Inhibitors market is segmented into cancer, cardiovascular disease, autoimmune disorders, and others. The cancer segment is expected to account for a larger revenue share in the global AKT inhibitors market. The increasing use of targeted therapy like AKT inhibitors in the treatment of cancer such as breast cancer, ovarian cancer, and lung cancer is expected to drive the market growth in this region. For instance, according to Cancer Research Institute UK, about 15 million cases of cancer were reported worldwide in 2012. In addition, increasing R&D activities in the treatment of cancer leading to development of new AKT inhibitors which are more efficient and has low toxicity.

North America AKT Inhibitors Market:
The North America AKT inhibitors market is expected to increase over the forecast period due to the several pharmaceutical companies and manufacturers present in this region. Growing research and development activities in developing new Akt inhibitors which are more efficient and low toxicity are expected to boost the growth of AKT inhibitors market in this region over the forecast years. Furthermore, high incidence of cancer cases along with favourable regulatory environment and increasing approvals on clinical trials and launch of new drugs by the regulatory bodies in this region is expected to further propel the growth of Akt inhibitors market in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global AKT Inhibitors market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In May 2019, FDA approves Novartis Piqray, first and only treatment specifically for patients with a PIK3CA mutation in HR+/HER2- advanced breast cancer.

The AKT Inhibitors market is segmented based on type, end user, application, and geography.
Based on the type, the market is segmented into the following:
• ATP Competitive Inhibitors
• Allosteric Inhibitors
• Others

Based on the application, the market is segmented into the following:
• Cancer
• Cardiovascular Disease
• Autoimmune Disease
• Others

Based on the distribution channel, the market is segmented into the following:
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players profiles in the akt inhibitors market report are Astra Zeneca, Roche, Merck & Co, Sanofi, Pfizer, Incyte, Array Biopharma, Novartis, Amgen, GlaxoSmithKline.

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