PUBLISHER: Polaris Market Research | PRODUCT CODE: 1124864
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1124864
Cystic Fibrosis Market size is expected to reach USD 37.04 billion by 2030, according to a new study by 24.3% Market Research. The report "Cystic Fibrosis Market Share, Size, Trends, Industry Analysis Report, By Drug Class (CFTR Modulators, Mucolytics, Bronchodilators, Pancreatic Enzyme Supplements), Route of Administration {Oral Drugs, Inhaled drugs}, By Distribution Channel, By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rising awareness about cystic fibrosis and growing adoption of drug therapies are the prominent factors driving the cystic fibrosis market growth. A variety of oral and inhaled drugs are available for the treatment that increases compliance to the treatment owing to the ease and convenience of administering it. The widespread availability of different cystic fibrosis treatment options will expand the market size over the coming years.
Cystic fibrosis is a genetic disorder that affects more than 30,000 people in the U.S. and over 70,000 people are suffering from it worldwide. Additionally, more than approximately 1000 new cases of the disease are diagnosed every year.
Favorable technological advancements in this therapeutic area will open new avenues of growth for industry participants. Rising innovation in the development of new therapies and drug products to cure cystic fibrosis is anticipated to foster growth in the cystic fibrosis market over the analysis period.
Rising number of cases of respiratory illness post Covid-19 pandemic has spurred the cystic fibrosis market growth. It has given the key industry players an opportunity to focus on the development of new drugs that can enable fast recovery and reduce mortality rates across the globe.
High cost of treatment, stringent regulations prolong approval of drugs, and adverse effects of currently available drugs such as liver problems, upper respiratory tract infection, chest pain, and increased blood pressure among others will hinder the future market growth.
Cystic Fibrosis Market Report Highlights
CFTR modulators segment is anticipated to grow at a significant CAGR over the forecast period owing to their efficacy in improving body function at the cellular level and positively impact the quality of life.
Oral drugs accounted for a significant share owing to the preference among patients and medical practitioners due to the ease and convenience associated with administering the cystic fibrosis drugs
Hospital segment is expected to hold a significant market share among the distribution channels over the forecast period owing to the rising need for precise diagnosis and required medical supervision associated with the treatment. Moreover, the rising number of patient hospital visits will fuel the hospital segment growth.
North America is expected to grow at a significant CAGR over the projected period on account of the increasing incidence of cystic fibrosis and the availability of multiple treatment options in the region.
Global players include Vertex Pharmaceutical, Genentech Inc., Teva Pharmaceuticals, Gilead Sciences, Roche, Nestle Health Science, AbbVie, Vitric Inc., Novartis AG, Mylan N.V, Pfizer Inc., Bayer, AstraZeneca, and Horizon Therapeutic, among others.
Polaris Market Research has segmented the cystic fibrosis market report based on drug class, route of administration, distribution channel, and region:
Cystic Fibrosis Market, By Drug Class (Revenue - USD Billion, 2018 - 2030)
CFTR modulators
Mucolytics
Bronchodilators
Pancreatic enzyme supplements
Others
Cystic Fibrosis Market, By Route of Administration (Revenue - USD Billion, 2018 - 2030)
Oral drugs
Parenteral drugs
Cystic Fibrosis Market, By Distribution Channel (Revenue - USD Billion, 2018 - 2030)
Hospital
Retail pharmacies
Others
Cystic Fibrosis Market, By Region (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1. Global Cystic Fibrosis Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Route of Administration
Figure 7. Global Cystic Fibrosis Market, by Route of Administration, 2021 & 2030 (USD Billion)
Figure 8. Market by Drug Class
Figure 9. Global Cystic Fibrosis Market, by Drug Class, 2021 & 2030 (USD Billion)
Figure 10. Market by Distribution channel
Figure 11. Global Cystic Fibrosis Market, by Distribution channel, 2021 & 2030 (USD Billion)
Figure 12. Cystic Fibrosis Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 13. Strategic Analysis - Cystic Fibrosis Market