Press release
Cystic Fibrosis Market to Witness Significant Growth by 2031 | Vertex Pharmaceuticals Inc., AbbVie Inc, F. Hoffmann-La Roche Ltd.
Cystic Fibrosis Market
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What is the projected growth rate (CAGR) of the Global Cystic Fibrosis market from 2024 to 2031, and what is the market value expected to change by 2031?
The Global Cystic fibrosis Market reached USD 5.2 billion in 2022 and is expected to reach USD 13.6 billion by 2031 growing with a CAGR of 13.2% during the forecast period 2024-2031.
What is Cystic Fibrosis Market?
Cystic fibrosis (CF) is a genetic disorder that affects the respiratory and digestive systems, caused by mutations in the CFTR gene, which encodes a protein responsible for regulating the movement of salt and water in and out of cells. This leads to the production of thick, sticky mucus that can clog airways and trap bacteria, resulting in recurrent lung infections and respiratory issues. CF also impairs the function of the pancreas, affecting digestion and nutrient absorption. Symptoms often include chronic cough, wheezing, difficulty breathing, and digestive problems. While there is no cure, treatments such as enzyme supplements, mucus-thinning medications, and lung therapies can help manage symptoms and improve quality of life.
Who are the major players in the Cystic Fibrosis market?
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world. The prominent players in Cystic Fibrosis market research report are:
Vertex Pharmaceuticals Inc., AbbVie Inc, F. Hoffmann-La Roche Ltd, Novartis AG, Teva Pharmaceutical Industries Ltd, Gilead sciences, Genentech Inc, AstraZeneca, Alcresta Therapeutics Inc., Merck & Co. Inc.
Key Development
On June 21, 2022, Carbon Biosciences secured a $6 million commitment from the Cystic Fibrosis Foundation to advance preclinical research focused on an innovative gene therapy technique aimed at treating cystic fibrosis. This funding is intended to support the development of new therapeutic strategies that could potentially address the underlying genetic causes of the disease, enhancing treatment options for those affected by cystic fibrosis.
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Regions Covered:
The global Cystic Fibrosis Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Market Segments
By Therapeutic drug class: CFTR modulators, Pancreatic enzyme supplements, Mucolytics, Bronchodilators.
By Route of administration: Oral, Inhaled, Parenteral.
By End-user: Hospitals, Clinics, Cancer centers, Others.
The Cystic Fibrosis industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Key Features
➥ Leverage epidemiology insights to tailor precision diagnostics and address region-specific needs.
➥ Meet critical unmet needs in complex conditions with advanced, precise Cystic Fibrosis industry solutions for better diagnostics and outcomes.
➥ Stay ahead with real-time pipeline analysis, revealing the latest Cystic Fibrosis innovations and market trends.
➥ Optimize your offerings with competitive pricing analysis, balancing cost-effectiveness and cutting-edge tech.
➥ Protect your innovation with expert patent analysis, ensuring strategic positioning in the Cystic Fibrosis market.
➥ Gain an edge with comprehensive competitive intelligence, guiding informed decisions in Cystic Fibrosis
➥ Maximize market presence with brand share analysis, strengthening your position in the Cystic Fibrosis landscape.
➥ Accurately predict market demand for Cystic Fibrosis with precise drug sales forecasting insights.
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FAQs
What does the Cystic Fibrosis market report provide?
The report provides a detailed analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Active, Innovators, Start-ups, and Cutting Edge) that are anticipated to influence its future growth trajectory.
What is the scope of the market report?
The market report covers regional analysis and provides detailed insights into the Cystic Fibrosis market including market size, segmentation, and key players.
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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