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DUBLIN--(BUSINESS WIRE)--Oct 5, 2022--
The "Cystic Fibrosis Market Share, Size, Trends By Drug Class, Route of Administration, By Distribution Channel, By Region, Segment Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global cystic fibrosis market is expected to reach USD 37.04 billion by 2030, rising at a CAGR of 24.3% over the forecast period.
Companies Mentioned
This report 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 Highlights
The publisher 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)
Cystic Fibrosis Market, By Route of Administration (Revenue - USD Billion, 2018 - 2030)
Cystic Fibrosis Market, By Distribution Channel (Revenue - USD Billion, 2018 - 2030)
Cystic Fibrosis Market, By Region (Revenue - USD Billion, 2018 - 2030)
For more information about this report visit https://www.researchandmarkets.com/r/t7ank4
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INDUSTRY KEYWORD: INFECTIOUS DISEASES PHARMACEUTICAL HEALTH COVID-19
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/05/2022 12:39 PM/DISC: 10/05/2022 12:40 PM
http://www.businesswire.com/news/home/20221005005666/en