Industry Outlook and Trend Analysis:
The Cystic Fibrosis (CF) Therapeutics Market was worth USD 2.15 billion in 2014 and is expected to reach approximately USD 22.46 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 29.79% during the forecast period.
Expanding commonness of Cystic Fibrosis (CF) combined with rising rate of treatment is one of the key variables expected to push the interest for these therapeutics over the figure time frame. In addition, increment in R&D subsidizing by both private and open associations, rising number of activities attempted by philanthropic associations, and existence of ideal reimbursement policies are a portion of the essential elements anticipated that would drive the market in the coming few years.
Moreover, expanding number of clinical trials to extend its objective patient base with the current medication portfolio is likewise among a portion of the drivers of this market.
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Cystic Fibrosis Therapeutics Market, By Drug Class, Estimates and Forecast, 2014-2023 ($Million)
Pancreatic enzyme supplements
Cystic Fibrosis Therapeutics Market, By Route of Administration, Estimates and Forecast, 2014-2023 ($Million)
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Drug Class Outlook and Trend Analysis:
On the basis of drug class, the market is sectioned into pancreatic enzyme supplements, bronchodilators, mucolytics, and CFTR modulators. The main factor in the treatment of CF is keeping up the function of the lung while controlling respiratory infection and clearing airways routes of mucus, dealing with the wholesome treatment, and controlling the complications. In 2016, CFTR modulators represented the biggest revenue with a share of roughly 47.3% inferable from the launch of new drug Orkambi. This drug is in charge of adjusting the capacity of defective protein caused by the CF gene.
The Cystic Fibrosis (CF) Therapeutics Market is segmented as follows-
By Drug Class:
Pancreatic enzyme supplements
By Route of Administration:
Route of Administration Outlook and Trend Analysis:
On the basis of route of administration, the market is sectioned into inhaled route and oral $@!#%. Oral route represented the biggest share of almost 63.7% out of 2016 inferable from the favourable circumstances related with its organization, for example, accommodation and simplicity of usage without the assistance of a medicinal services proficient.
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Table of Contents:
4.Cystic Fibrosis Therapeutics Market, By Drug Class
4.2.Global Cystic Fibrosis Therapeutics Sales, Revenue and Market Share By Drug Class (2014-2017)
4.2.1.Global Cystic Fibrosis Therapeutics Sales and Sales Share By Drug Class (2014-2017)
4.2.2.Global Cystic Fibrosis Therapeutics Revenue and Revenue Share By Drug Class (2014-2017)
4.3.Cystic Fibrosis Therapeutics Market Assessment and Forecast, By Drug Class, 2014-2023
4.4.Pancreatic enzyme supplements
4.4.1.Market Assessment and Forecast, By Region, 2014-2023($Million)
4.5.1.Market Assessment and Forecast, By Region, 2014-2023($Million)
4.6.1.Market Assessment and Forecast, By Region, 2014-2023($Million)
4.7.1.Market Assessment and Forecast, By Region, 2014-2023($Million)
5.Cystic Fibrosis Therapeutics Market, By Route of Administration
5.2.Global Cystic Fibrosis Therapeutics Sales, Revenue and Market Share By Route of Administration (2014-2017)
5.2.1.Global Cystic Fibrosis Therapeutics Sales and Sales Share By Route of Administration (2014-2017)
5.2.2.Global Cystic Fibrosis Therapeutics Revenue and Revenue Share By Route of Administration (2014-2017)
5.3.The Cystic Fibrosis Therapeutics Market Assessment and Forecast, By Route of Administration, 2014-2023
5.4.1.Market Assessment and Forecast, By Region, 2014-2023($Million)
5.5.1.Market Assessment and Forecast, By Region, 2014-2023($Million)
Regional Outlook and Trend Analysis:
Geographically, the market is portioned into Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. North America represented the biggest income of USD 2,396.4 million in 2016. CF is most pervasive in North America as a large portion of the general population influenced with CF is of Caucasian plunge. Nonetheless, Asia Pacific is foreseen to be the quickest developing fragment.
The leading players in the market are Teva Pharmaceutical Industries, Merck & Co, AbbVie Inc, Alcresta Therapeutics Inc, Vertex Pharmaceuticals, ALAXIA, Gilead Sciences, Allergan, Roche Holding AG, AstraZeneca and Novartis. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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