Cystic Fibrosis Market Players, Trends, Analysis and Forecast to 2030 Available in New Report
Cystic fibrosis is a genetic disease that impacts the entire body
turning on disability and causing death at an early age in many cases. It is
mainly caused by mutations in the gene encoded as cystic fibrosis transmembrane
conductance regulator (CFTR) protein. The report further encompasses segmental
analysis, studies factors that can have far-reaching impacts, and introduces
expert opinions to provide a comprehensive understanding of the market.
The Cystic
Fibrosis Market is expected to exhibit at 13.5%
CAGR to reach USD 12.9 Billion over the forecast period 2023-2030
Increasing investment in the research and development for better drugs
and therapies can take the cystic fibrosis market forward. At the same time,
the Cystic Fibrosis Foundation (CFF) is spending in millions to aid the
healthcare system. In the U.S., CFF has invested USD 425 million for the drug
development of this particular disease which in itself is an affirmative step.
As a result, a lot of medicines are now waiting in the pipeline for approval
from which patients can benefit.
But among the chief detractors, heavy cost of therapy and medicines can pull back the Cystic Fibrosis Market considerably.
The pathophysiology process is also complex which requires a deft hand, and
that is lacking. These factors can affect the projected Cystic Fibrosis Market
rate.
Major Key
Players:
Prominent Cystic Fibrosis Market Players are Vertex Pharmaceuticals, F.
Hoffmann-La Roche, AbbVie, Gilead Sciences, Novartis, Genentech, Pharmaxis,
Chiesi Farmaceutici, Forest Laboratories, and others.
Segment Analysis
The global cystic fibrosis market can be segmented by
treatment method for a comprehensive understanding.
Based on the treatment method, the cystic fibrosis
market can be segmented into medication, devices, allergan cystic fibrosis and other treatments.
Medication segment commands the maximum share. The 76.4% it has as share is
assisting the segment in generating substantial revenue. The segment can also
record the fastest growth rate by clocking a 14% CAGR during the forecast
period.
Regional Analysis
The global cystic fibrosis market is segmented by region into North
America, Europe, Asia Pacific, and the Middle East and Africa.
North America is likely to remain the major regional segment of the
global cystic fibrosis market over the forecast period due to the growing
medical research sector in the region. The strong presence of the CFF in North
America as well as the growing interest in cystic fibrosis research in the
region are likely to be the major drivers for the cystic fibrosis market in
North America over the forecast period. The North America cystic fibrosis
market is expected to reach a value of USD 521 million by 2023. Cystic fibrosis
is a relatively rare disease, with around 70,000 people estimated to be
suffering from it in 2017. The CFF has played a vital role in the development
of the global cystic fibrosis market, as before the initiation of the
foundation, research into cystic fibrosis was severely lacking. In 2018, the
CFF provided USD 100 million to the Infection Research Initiative, along with
funding research into other aspects of cystic fibrosis, such as the
inflammation and gastrointestinal problems associated with the disease.
Europe is expected to exhibit the fastest growth in the global cystic
fibrosis market, growing at a robust 14.1% CAGR over the forecast period.
Europe and North America hold comparable shares in the global cystic fibrosis
market and are likely to remain the leading regional parties over the forecast
period.
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