Cystic Fibrosis Market Statistics, Size, Share, Growth, Segmentation Analysis and Forecast to 2027
Research Reports
Apr 15, 2022
(USA, NY, New York City) Cystic fibrosis can be identified by the unusual movement of chloride and sodium in gastrointestinal and respiratory tracts. Cystic fibrosis is a type of genetic disorder that is genetic and progressive. The treatment of this disorder is not easy, and there is a chance of it causing a sticky secretion in the lungs, liver, intestines, and pancreas. Normally this disorder is detectable according to the severity of the symptoms faced by the patient. Some of the symptoms that indicate cystic fibrosis are wheezing or breathing problems, lung infections frequently occurring, facing trouble in gaining body weight, the issue with bowel movements, frequent greasy stools, skin tasting salty. Several treatments for cystic fibrosis include physical therapy, gene therapy, physiotherapy, and nutritional support. Cystic fibrosis can be tested through blood, DNA, and Sweat tests. According to the blood test, if the patient has high levels of immunoreactive trypsinogen in their blood levels, they have cystic fibrosis. A patient with the CFTR gene in the DNA is supposed to have the disorder. When the person’s sweat seems to be salty than the recommended levels, it is a symptom of cystic fibrosis. The increasing number of patients facing cystic fibrosis, increase in awareness related to the disorder ad its treatment, research and development activities are done on this disorder, etc., are some of the factors that boost the cystic fibrosis market. Investment in diagnostics technologies is the latest trend of investors as this proves to be very fruitful.
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Key Players
In the coming years, growing product innovation and R&D are expected to provide a variety of opportunities for business expansion. Multiple entrants are expected to join the business, increasing the market’s competition. The notable players of the market are Allergan PLC, AbbVie, Chiesi Farmaceutici SpA, Gilead Sciences, Hoffmann-La Roche AG, Novartis AG, PTC Therapeutics, Pharmaxis Ltd, Vertex Pharmaceuticals Incorporated and others
Segmental Analysis
Based on the treatment method, the global market for cystic fibrosis is segmented into devices, medication, and other treatments. In 2016, the drug category had a market value of USD 2.80 million. During the forecast period, the drug segment is expected to lead the global market.
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Regional Analysis
Since the FDA is increasingly approving medications for cystic fibrosis, North America is expected to dominate the global market. The demand for disease cures, combined with the growing incorporation of cutting-edge technology in the healthcare sector, is expected to drive regional market growth. The United States is predicted to have the highest prevalence rates of cystic fibrosis of all North American countries, propelling the regional market. According to cystic fibrosis market researchers, the market in North America, which includes cystic fibrosis markets in the United States, Canada, Mexico, and many other regional markets, is expected to experience significant growth across drug and device segments.
Cystic fibrosis affects a large portion of Europe, and it is expected to be a major factor in the regional market’s development. The area is expected to see an increase in governmental funding, as well as an increase in R&D initiatives, which will help to boost the regional sector.
Because of the growing geriatric population, APAC is expected to gain a significant market share during the forecast period. During the evaluation phase, the ongoing growth of healthcare infrastructure is expected to support the regional sector. Furthermore, the regional market is expected to benefit from R&D activities aimed at finding a suitable treatment for the disease. The cystic fibrosis market research report also covers the Asia-Pacific region, which includes cystic fibrosis markets in India, China, Japan, Australia, and other countries.
The cystic fibrosis market also exists in other parts of the globe. All of these regions are included in the cystic fibrosis market study, including the Middle East, Africa, Brazil, and others. In the Middle East, the prevalence of cystic fibrosis varies depending on ethnicity. In comparison to North America and Europe, however, the Middle East has a low prevalence of CF. The prevalence of CF in Northern African countries is unknown, but it is predicted to be low due to ethnic factors and the lack of European genetic mixture.
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