According to a recent research study “Cystic Fibrosis Market, By Drug Class (CFTR Modulators, Pancreatic Enzyme Supplements, Mucolytics, Bronchodilators), By Mode of Administration (Oral, Inhaled) opportunities and forecast 2020-2026” published by Data Library Research, the Cystic Fibrosis market Studies many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Cystic Fibrosis market analysis segmented by companies, region, type and applications in the report.
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The Major Players Covered in Cystic Fibrosis Market
- AbbVie, Inc.;
- Hoffmann-La Roche Ltd.;
- Novartis AG;
- Vertex Pharmaceuticals Inc.;
- AIT (Advanced Inhalation Therapies);
- Teva Pharmaceutical Industries Ltd.;
- Merck & Co., Inc.;
- Alcresta Therapeutics, Inc.;
Growing prevalence of the Cystic Fibrosis (CF) coupled with the increasing treatment rate is one of key factors expected to propel demand for the CF therapeutics over forecast period. Moreover, surge in R&D funding by private and public organizations, increasing number of the initiatives undertaken by various non-profit organizations, and the presence of favourable reimbursement policies are few of the crucial reasons expected to drive market in the coming years.
As per the data published by the Cystic Fibrosis Foundation (CFF), the incidence of such hereditary disorders is continuously growing. In the U.S., 2015, there were almost 28,983 patients as compared to 26,366 patients in the year 2010. Swelling year-on-year growth in number of patient results in surging demand for the effective and efficient CF therapeutics. Few of the commercially obtainable accepted drug class are CF Transmembrane Conductance Regulator (CFTR) modulators, bronchodilators, mucolytic, anti-infective, antibiotics (oral, inhaled, or parental feeding formulae), anti-inflammatory drugs, and various pancreatic enzyme supplements.
North America accounted for largest revenue in 2019. CF is the most prevalent in the region as most of people affected are of Caucasian descent. Additionally, initiatives taken by the CF Foundation and the Cystic Fibrosis Canada are one of key reasons accounted for the largest share.
Though, Asia Pacific is likely to be the fastest rising segment with the profitable growth rate. Although the occurrence of the CF is less recurrently reported in Asia Pacific region due to the underdiagnoses and also lack of country-specific patient registries, increasing awareness about the disorders and treatment options is anticipated to boost the segment over forecast period. Economic development in the region and enhancing healthcare facilities are anticipated to boost market during the forecast period.
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The key players in the market are constantly involved in development of new or the combination of products to treat the disorders. Investment in R&D is one of strategic measures to beat competition. The presence of numerous non-profit organizations such as the Cystic Fibrosis Worldwide, Cystic Fibrosis Canada, Cystic Fibrosis Foundation, South African Cystic Fibrosis Trust, and the South African Cystic Fibrosis Association, are steadily involved in activities related to the CF is also one of essential factors accounted for the surging demand. The organizations are capitalising huge amount of the funds to find numerous therapeutics for the CF and to support R&D activities by the key players.
- To study and analyze the global Cystic Fibrosis market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2026.
- To understand the structure of Cystic Fibrosis market by identifying its various sub segments.
- Focuses on the key global Cystic Fibrosis players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Cystic Fibrosis with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the size of Cystic Fibrosis submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
Key questions answered in this report
- What will the market size be in 2026 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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