Targeted Protein Degradation Market to Witness Exponential Growth of USD 224.70 Million by 2029

Data Bridge Market Research has released an extensive market intelligence study on the Targeted Protein Degradation Market, presenting accurate information in a visually appealing manner through tables, graphs, charts, and figures. The comprehensive Targeted Protein Degradation market research report has been generated with the systematic gathering and assessment of market information for the Targeted Protein Degradation industry which is presented in a form that explains various facts and figures to the business. This report offers exact information about market trends, industrial changes, and consumer behavior etc. The market data presented in the report helps to recognize different market opportunities present internationally. It is always beneficial for any company, whether it is a small scale or large scale, to choose such market research report for marketing its products or services. Analytical study of an influential Targeted Protein Degradation market report guides in formulating growth strategies to augment sales and build brand image in the market.

An exceptional Targeted Protein Degradation marketing report contains the most up-to-date market information with which companies can have an in-depth analysis of the Targeted Protein Degradation industry and future trends. With the market statistics mentioned in the report, it has become possible to get a global perspective for international business. By knowing the marketing strategies of rivals, businesses can set up pioneering ideas and striking sales targets which ultimately make them achieve a competitive advantage over its competitors. Thus, the Targeted Protein Degradation market document acts as an imperative tool to have increments in business activities, qualitative work done and enhanced profits.

Data Bridge Market Research analyses that the targeted protein degradation market which was USD 103.31 million in 2021, would rocket up to USD 224.70 million by 2029, and is expected to undergo a CAGR of 10.20% during the forecast period from 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Drivers:

Increasing adoption of advanced technology
In the forecast period of 2022-2029, therapeutic methods, rising usages of technology for epichaperome inhibitors, hydrophobic tags, lysosome targeting chimaeras, and others, as well as an increasing demand for protein degradation for drug discovery strategy to treat diseases, are expected to boost the growth of the targeted protein degradation market. The expanding number of research and development activities, on the other hand, will provide enormous chances for the targeted protein degradation market to grow throughout the forecast period.

Increasing demand for immunoassay to diagnose and detect microorganism-based infections
Constantly growing frequency of chronic disease conditions such as cancer and autoimmune disorders, changing lifestyle, increasing habit of smoking and drinking, and increasing spending on healthcare are also accelerating the market growth.

Some key players mentioned in the report are:

Eli Lilly and Company (U.S), Gilead Sciences, Inc. (U.S), GSK plc (U.K), Merck KGaA (Germany), Mission Therapeutics (U.K), Novartis AG (Switzerland), Pfizer Inc. (U.S), Aurigene Discovery Technologies (India), Avista Pharma Solutions (U.S), Barbara Ann Karmanos Cancer Center (U.S), 5AM Venture Management LLC (U.S), AbbVie Inc (U.S), Almac Group (U.K), Amgen Inc. (U.S), Bayer AG (Germany), Biogen (U.S), C4 Therapeutics Inc. (U.S), Cosmo Bio USA (U.S), Mission Therapeutics (U.S), Roivant Sciences Ltd. (Switzerland)

Key Market Segmentation

Type

Degronimids
 Immunomodulatory Drugs (IMiDs)
 Proteolysis-targeting chimeric molecules (PROTACs)
Sudden acquired retinal degeneration syndrome (SARDs)
Selective Estrogen Receptor Degraders (SERDs)
 Specific bromodomain
Extra-terminal domain (BET)
Deubiquitinases (DUB) Inhibitors
 Therapeutic Area

Inflammatory Disorders
 Neurological Disorders
Oncological Disorders
Respiratory Disorders
Other
Route of Administration

Oral
Intravenous
Others
Application

Hospital
Research Institute
Therapeutic Area

Inflammatory Disorders
 Neurological Disorders
Oncological Disorders
Respiratory Disorders
Other Therapeutic Areas
Key Regions and Countries Studied in this report:

The countries covered in the targeted protein degradation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the targeted protein degradation market because of the increasing number of research and development activities.

Due to an increase in government initiatives to promote awareness, an increase in medical tourism, growing research activities in the region, the availability of massive untapped markets, a large population pool, and the growing demand for quality healthcare in the region, Asia-Pacific is expected to see significant growth during the forecast period of 2022 to 2029.

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