About Cystic Fibrosis Drugs
Cystic fibrosis is a genetic or we can say a life-limiting disease that highly affects the body's exocrine glands, which produce mucus, saliva, sweat and tears. In current market situation there is no cure for CF. The doctors treating cystic fibrosis sufferers is to hydrate, breakdown and move the excessive, sticky mucus secretions to improve lung function and reduce the number and severity of secondary lung infections. In United Kingdom there is a trust known as the Cystic Fibrosis Trust, who are adding more patients access to clinical trial, this helps UK pharmaceuticals companies to invest in new treatment for cystic fibrosis. In the United Kingdom the number of adults with cystic fibrosis is raised 28% in last decade and it will reach in 36%.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies that are providing drugs in the market. The companies are exploring in new geographical regions by adopting various market growth strategies. There is various new markets are entering this industry to enhance the treatment of cystic fibrosis. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cystic Fibrosis Drugs market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Genentech, Inc. (United States), Novartis AG (Switzerland), Gilead Sciences, Inc. (United States), Vertex Pharmaceuticals Incorporated (United States), AbbVie Inc. (United States), GlaxoSmithKline Plc. (United Kingdom), Johnson & Johnson (United States), Allergan plc (Ireland), Pharmaxis Ltd. (Australia) and Mylan N.V. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Gilead Sciences (United States), Vertex Pharmaceuticals (United States), Abbott (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Cystic Fibrosis Drugs market by , Application (Hospitals, Clinics and Others) and Region.
On the basis of geography, the market of Cystic Fibrosis Drugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channels, the sub-segment i.e. Online Sales Channels will boost the Cystic Fibrosis Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Route of Administration, the sub-segment i.e. Oral will boost the Cystic Fibrosis Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Drug Class, the sub-segment i.e. Pancreatic Enzyme Supplements will boost the Cystic Fibrosis Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Investment in Research and Development and Increase in Market Competency
Market Growth Drivers:
Increase Occurrence of Cystic Fibrosis Across the Globe and Change in Age Distribution Is Expected to Change By 2030, More Than 21% of Cystic Fibrosis More Than 30 Years Old
Challenges:
Limited Medications to Treat Cystic Fibrosis Drugs
Restraints:
The Slowdown in Economy, Because of Coronavirus Pandemic
Opportunities:
Development in Packaging Techniques
Market Leaders and their expansionary development strategies
In October 2020, Roche Pharmaceuticals has acquired a set of potentiator compounds from Enterprise Therapeutics, that it intends to develop into medicines for people with cystic fibrosis. The compounds will be developed by Genentech, a member of the Roche Group.
In Jan 2020, AbbVie and Allergan announced a definitive agreement to divest brazikumb and Zenpep. Zenpep provide prescription medication for people who cannot digest food normally because of a lack of enough enzymes. Through this initiative, the companies are strengthening their position in the market.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Cystic Fibrosis Drugs Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.