The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

 As per The Business Research Company’s Protein Inhibitors Global Market Report 2023, The global protein inhibitors market is expected to grow from $68.17 billion in 2022 to $74.3 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The protein inhibitors market is expected to grow from $105.43 billion in 2027 at a CAGR of 9.1%.

What was the major driver in the protein inhibitors market?
The rising frequency of chronic diseases is expected to drive the protein inhibitors market over the forecast period. Chronic disorders like cancer, cardiovascular disease, and autoimmune disease are becoming more common. Chronic diseases, for example, are anticipated to become the sixth largest cause of death globally by the end of 2030, according to the World Health Organisation in May 2022.In the United States, the figure is expected to reach 157 million by 2020, with 87 million people suffering from numerous illnesses. Protein inhibitors are used to treat certain disorders because they have fewer side effects and are more effective. As a result, an increasing number of people suffering from chronic diseases is expected to drive the market for protein inhibitors.

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What was the key trend in the protein inhibitors market?
To fulfil market demand, companies in the protein inhibitors market are actively investing in various strategic initiatives such as alliances and collaborations. Strategic alliances and partnership agreements assist businesses in expanding their current product offering and geographical reach. For example, in February 2020, Catalent, Inc., a provider of delivery technologies, drug manufacturing, gene therapies, biologics, and consumer healthcare products based in the United States, announced a collaboration agreement with Zumutor Biologics Inc., an immune-oncology company based in the United States, to manufacture ZM008, a monoclonal antibody targeting solid tumours. Furthermore, in February 2021, Eli Lilly and Company, a pharmaceutical company headquartered in the United States, and Rigel Pharmaceuticals, Inc., a biotechnology company headquartered in the United States, announced a global exclusive licence agreement and strategic collaboration to co-develop and commercialise Rigel’s R552, a receptor-interacting serine/threonine-protein kinase 1 (RIPK1) inhibitor, for all indications, including autoimmune and inflammatory diseases.

Which was the largest region in the protein inhibitors market?
North America was the largest region in the protein inhibitors market in 2022. The regions covered in the global protein inhibitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Who are the protein inhibitors market prominent players?
Major players in the protein inhibitors market are Bayer AG, Astra Zeneca, Roche, Teva, Apotex, Novartis, GlaxoSmithKline, Pfizer, Boehringer Ingelheim, and F. Hoffmann-La Roche.

Key protein inhibitors market segments
1)By Product: Protein Kinase Inhibitors, Monoclonal Antibody, Other Products
2)By Application: Oncology, Inflamatory Diseases, Other Applications
3)By Distribution Channel: Hospital Pharmacies, Independent Pharmacies, Online Pharmacies

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The Protein Inhibitors Global Market Report 2023  provides a comprehensive overview on the protein inhibitors market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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