Press release
Exploring the Cyclin-Dependent Kinase (CDK) 4/6 Inhibitor Drugs Market || Pfizer Inc., Merck & Co. Inc., Novartis AG, Bristol Myers Squibb Company
Cyclin-Dependent Kinase (CDK) 4/6 Inhibitor Drugs Market
The Business Research Company presents an extensive market research report on the Cyclin-Dependent Kinase (CDK) 4/6 Inhibitor Drugs Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The cyclin-dependent kinase (cdk) 4/6 inhibitor drugs market size has grown exponentially in recent years. It will grow from $10.18 billion in 2023 to $12.35 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to increasing cancer incidence, clinical success stories, growing aging population, increased awareness and early diagnosis..
The cyclin-dependent kinase (cdk) 4/6 inhibitor drugs market size is expected to see rapid growth in the next few years. It will grow to $25.17 billion in 2028 at a compound annual growth rate (CAGR) of 19.5%. The growth in the forecast period can be attributed to expanding indications, emerging pipeline molecules, market competition and pricing dynamics, personalized medicine approaches, global healthcare infrastructure improvements.. Major trends in the forecast period include advancements in biomarker identification, rise of oral cdk 4/6 inhibitors, emergence of cdk 4/6 inhibitors in other cancer types, focus on overcoming resistance mechanisms, clinical trials exploring novel cdk 4/6 inhibitors..
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Key Market Players:
Pfizer Inc., Merck & Co. Inc., Novartis AG, Bristol Myers Squibb Company, AstraZeneca PLC, Eli Lilly and Company, Boehringer Ingelheim International GmbH, Gilead Sciences Inc, Incyte Corporation, Jiangsu Hengrui Pharmaceuticals Co. Ltd., Dr. Reddy's Laboratories Ltd, Piramal Group, Hanmi Pharm Co. Ltd., Incepta Pharmaceuticals Ltd, Beacon Pharmaceuticals PLC, Bluepharma, Astex Pharmaceuticals, Arvinas Inc , G1 Therapeutics Inc., Carisma Therapeutics Inc., Beta Pharma Inc., Syros Pharmaceuticals Inc., Cyclacel Pharmaceuticals Inc., Onconova Therapeutics Inc., Context Therapeutics Inc., NanoDaru are prominent players in the industry.
Market Drivers:
The rising prevalence of breast cancer is expected to propel the growth of the cyclin-dependent kinase (CDK) 4/6 inhibitor drug market going forward. Breast cancer is a type of cancer originating in the cells of the breasts. CDK4/6 inhibitor drugs are targeted therapies that help treat specific types of breast cancer and address the disease's growing prevalence. For instance, in January 2023, according to the American Cancer Society, a US-based nonprofit cancer advocacy organization, breast cancer cases increased from 284,200 in 2021 to 300,590 in 2023, reflecting a growth of 5.76%. Therefore, the rising prevalence of breast cancer will drive the growth of the cyclin-dependent kinase (CDK) 4/6 inhibitor drug market.
Learn More About The Market Report - https://www.thebusinessresearchcompany.com/report/cyclin-dependent-kinase-cdk-4-or-6-inhibitor-drugs-global-market-report
Market Segments Include:
1) By Drug Type: Palbociclib (Ibrance), Ribociclib (Kisqali), Abermaciclib (Verzenio)
3) By Patient: Pre-Menopausal, Post-Menopausal, Other Patients
3) By End-Users: Hospitals, Clinics, Research Laboratories, Retail Pharmacies
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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