Press release
NT Growth Factor Receptor Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029
NT growth factor receptor market is anticipated to grow at a significant CAGR during the forecast period. Neurotrophic factor receptors or neurotrophin receptors are a group of growth factor receptors specifically binding to neurotrophins (neurotrophic factors). The major factor acceleraring the growth of the market is the increasing prevalence of cancer across the globe. According to the National Cancer Institute (NCI), it was estimated that 1,806,590 new cases of cancer will be diagnosed in the US with a mortality rate of 606,520 people in 2020. In men, prostate, lung, and colorectal cancers will account for an estimated 43% of all cancers diagnosed while for women, the three most common cancers are breast, lung, and colorectal which will account for an estimated 50% of all new cancer diagnoses in women in 2020. Furthermore, there were 18.1 million new cases and 9.5 million cancer-related mortalities globally in 2018 which is anticipated to rise to 29.5 million and the number of cancer-related mortalities to 16.4 million by 2040. Hence, the rising prevalence of the disease is driving the growth of the market.Some major players in the market include Array BioPharma Inc., AstraZeneca Plc, and Daiichi Sankyo Company Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in December 2020, AstraZeneca Plc announced the approval of Tagrisso (osimertinib) by the FDA in US. It is used for the treatment of adult patients with early-stage epidermal growth factor receptor-mutated (EGFRm) non-small cell lung cancer (NSCLC) after tumour resection.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Array BioPharma Inc., AstraZeneca Plc, and Daiichi Sankyo Company Ltd., among others.
NT Growth Factor Receptor Market Report by Segment
By Type
AZD-7451
Larotrectinib
DS-6051
LM-22B10
Others
By Application
Breast Cancer
Brain Cancer
Solid Tumor
Colon Cancer
Fibrosarcoma
Others
A full Report of NT Growth Factor Receptor Market is Available @ https://www.omrglobal.com/industry-reports/nt-growth-factor-receptor-market
NT Growth Factor Receptor Market Report by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East & Africa
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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