Press release
DNA Repair Drugs Market Size, Driving Factors, Growth Statistics, Competitive Landscape And Forecast To 2032
DNA Repair Drugs Market Analysis
The Business Research Company's DNA Repair Drugs Global Market Report 2023 identifies rising prevalence of cancer as the major driver for the DNA repair drugs market's growth in the forecast period. Cancer is a category of illness that develops in nearly any organ or tissue in the body when aberrant cells proliferate uncontrollably, cross their usual boundaries, and either spread to other organs or invade neighboring body parts. The surge in the prevalence of cancer is driven mainly by smoking, radiation, cancer-causing substances (carcinogens), obesity, and gene mutations. Cancer is prevented by interfering with DNA's ability to fix itself, causing cancerous cells to stop replicating and die.
The global DNA repair drugs market is expected to grow from $7.32 billion in 2022 to $8.93 billion in 2023 at a compound annual growth rate (CAGR) of 22%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 DNA repair drugs market is expected to reach $19 billion in 2027 at a CAGR of 20.8%.
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Major competitors in the DNA repair drugs market are Pfizer Inc., Johnson & Johnson Private Limited, AbbVie Inc., Bayer AG, Novartis AG, Bristol-Myers Squibb Company, AstraZeneca PLC, Sanofi S.A.
A key trend in the DNA repair drugs market includes product innovation. Major companies operating in the DNA repair drugs market are developing innovative products to sustain their position in the market. For instance, in June 2023, AstraZeneca plc, a UK-based biopharmaceutical company, received approval for Lynparza plus abiraterone in the United States to treat BRCA-mutated metastatic castration-resistant prostate cancer. Lynparza (olaparib) is the first PARP inhibitor of its kind and the first targeted drug to block the DNA damage response (DDR) in cells or tumors without HRR (homologous recombination repair).
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The DNA repair drugs market is segmented -
1) By Drug Type: Olaparib, Rucaparib, Niraparib, Talazoparib, Other Drugs
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Other Distribution Channels
3) By Application: Ovarian Cancer, Fallopian Tube Cancer, Peritoneal Cancer, Breast Cancer, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the DNA repair drugs market.
The Business Research Company's "Global DNA Repair Drugs Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The DNA Repair Drugs Market Include:
1. Executive Summary
2. DNA Repair Drugs Market Characteristics
3. DNA Repair Drugs Market Trends And Strategies
4. DNA Repair Drugs Market - Macro Economic Scenario
…..
32. Global DNA Repair Drugs Market Competitive Benchmarking
33. Global DNA Repair Drugs Market Competitive Dashboard
34. Key Mergers And Acquisitions In The DNA Repair Drugs Market
35. DNA Repair Drugs Market Future Outlook and Potential Analysis
36. Appendix
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