Industry Background:
The Metabotropic Glutamate Receptor market is expected to witness high demand due to the growing incidences of neurological disorders across the world. and metabotropic glutamate receptors or mGluRs (MGRs) are a form of glutamate receptors that are active through an indirect metabotropic process. They are members of the group C family of G-protein-coupled receptors or GPCRs. MGRs provide a novel target to develop therapeutic agents that are anticipated to have a dramatic impact on the treatment of a wide variety of psychiatric and neurologic disorders.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Addex Therapeutics Ltd (Switzerland), Domain Therapeutics SA (France), Medgenics (United States), Prexton Therapeutics SA (Netherlands), Taisho Pharmaceutical Holdings (Japan), Abcam plc (United Kingdom), AstraZeneca plc (United Kingdom), Novartis (Switzerland) and Eli Lilly and Company (United States) |
This growth is primarily driven by The Increasing Prevalence of Neurological Diseases and Rising Disposable Income.
Globally, a noticeable market trend is evident The Surge in Global Geriatric Population
The Biotechnology sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Addex Therapeutics Ltd (Switzerland), Domain Therapeutics SA (France), Medgenics (United States), Prexton Therapeutics SA (Netherlands), Taisho Pharmaceutical Holdings (Japan), Abcam plc (United Kingdom), AstraZeneca plc (United Kingdom), Novartis (Switzerland) and Eli Lilly and Company (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen their market position and enhance product & service offerings.
Key Developments in the Market:
In July 2022, AstraZeneca announced an agreement to acquire TeneoTwo, Inc., including its Phase I clinical-stage CD19/CD3 T-cell engager, TNB-486, currently under evaluation in relapsed and refractory B-cell non-Hodgkin lymphoma1. The acquisition of TNB-486 aims to accelerate the development of this potential new medicine for B-cell hematologic malignancies.
Addex Therapeutics has been focusing on the discovery and development of orally available small molecules targeting mGluRs for the treatment of neurological disorders, such as Parkinson's disease.
Influencing Trend:
The Surge in Global Geriatric Population and The Growth in the R & D in Healthcare
Market Growth Drivers:
The Increasing Prevalence of Neurological Diseases and Rising Disposable Income
Challenges:
Stringent Government Regulations
Restraints:
The Growing Concern Regarding Lack of Awareness of MRGs
Opportunities:
The Growing Healthcare Expenditure in Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Metabotropic Glutamate Receptor Market
- Analysis about New Entrants in Metabotropic Glutamate Receptor Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Metabotropic Glutamate Receptor Study Sheds Light on
The Metabotropic Glutamate Receptor Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Metabotropic Glutamate Receptor industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Metabotropic Glutamate Receptor industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.