Kinase Inhibitors Market Research, Size, Share And Demand Analysis By 2033

The new report published by The Business Research Company, titled ""Kinase Inhibitors Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the kinase inhibitors market size has grown strongly in recent years. It will grow from $58.49 billion in 2023 to $62.75 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The kinase inhibitors market size is expected to see strong growth in the next few years. It will grow to $83.56 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.

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Rise In Cases Of Autoimmune Diseases To Expand Kinase Inhibitors
The increase in instances of autoimmune diseases is expected to propel the growth of the kinase inhibitors market going forward. Autoimmune diseases are a broad group of disorders characterized by an abnormal immune response in which the immune system mistakenly attacks and damages healthy cells, tissues, and organs. The growing prevalence of autoimmune diseases is due to changes in lifestyle and diet, environmental pollution, genetic predisposition, stress, microbial imbalances, and the increasing incidence of chronic diseases like obesity and diabetes. Kinase inhibitors provide therapeutic benefits for autoimmune diseases by modulating the immune system, reducing inflammation, and alleviating symptoms such as psoriatic and rheumatoid arthritis. For instance, in December 2022, according to the National Psoriasis Foundation, a US-based non-profit organization serving people with Psoriasis and psoriatic arthritis, Psoriasis affected more than 8 million people in America and 125 million individuals worldwide, or 2 to 3% of the population. Furthermore, in September 2022, according to the Centers for Disease Control and Prevention, a US-based national public health agency, Diabetes was diagnosed in 28.7 million people of all ages, or 8.7% of the US population, and 5.7% of all US individuals with confirmed Diabetes-or 1.6 million people aged 20 and older-reported having type 1 diabetes and requiring insulin. Therefore, the increase in instances of autoimmune diseases is driving the growth of the kinase inhibitors market.

Advances In Selective TYK2 Inhibitors Addressing Unmet Needs In Autoimmune Diseases And Cancer Treatment
Major companies operating in the kinase inhibitors market are developing selective tyrosine kinase 2 (TYK2) inhibitors to address unmet needs in treating autoimmune and inflammatory diseases. Selective tyrosine kinase 2 (TYK2) inhibitors help treat cancer by modulating immune responses and reducing inflammation, which can enhance the body's ability to target and destroy cancer cells and create a less favorable environment for tumor growth. For instance, in September 2022, Bristol-Myers Squibb Company, a US-based pharmaceutical company, received approval of Sotyktu (deucravacitinib) by the U.S. Food and Drug Administration (FDA). Sotyktu is an oral selective tyrosine kinase 2 (TYK2) inhibitor designed to treat moderate-to-severe plaque psoriasis in adults who require systemic therapy or phototherapy. The introduction of Sotyktu represents a significant advancement in treating plaque psoriasis, offering a new option for patients who may not respond adequately to existing therapies.

The kinase inhibitors market covered in this report is segmented -

1) By Type: Tyrosine Kinase Inhibitors, Multikinase Inhibitors, mTOR Kinase Inhibitors, Other Types
2) By Route of Administration: Oral, Parenteral, Other Routes
3) By Application: Oncology, Inflammatory Diseases
4) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy
5) By End User: Hospitals, Homecare, Specialty Clinics, Other End-Users

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Major companies operating in the kinase inhibitors market are Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd, Merck & Co. Inc., Bristol-Myers Squibb Company, AstraZeneca Plc, Abbott Laboratories, Novartis AG, GlaxoSmithKline PLC, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Teva Pharmaceutical Industries Ltd, Astellas Pharma Inc, Cipla Inc, Dr. Reddy's Laboratories Ltd, Endo International Inc., Amneal Pharmaceuticals LLC, Lupin Limited, Exelixis Inc, Glenmark Pharmaceuticals Ltd, Torrent Pharmaceuticals Ltd, Hutchison China MediTech Limited, Akorn Incorporated, Ocular Therapeutix Inc., Sierra Oncology Inc

Contents of the report:
1. Executive Summary
2. Kinase Inhibitors Market Report Structure
3. Kinase Inhibitors Market Trends And Strategies
4. Kinase Inhibitors Market - Macro Economic Scenario
5. Kinase Inhibitors Market Size And Growth
…..
27. Kinase Inhibitors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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