Key Insights On The DNA Repair Drugs Market 2023 – Size, Driver, And Major Players
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s DNA Repair Drugs Global Market Report 2023, the DNA repair drugs market is expected to show significant growth in the forecast period.
Key insights from the DNA repair drugs market forecast include:
- Market Size
The global DNA repair drugs market is projected to increase from $7.32 billion in 2022 to $8.93 billion in 2023, with a 22% CAGR. By 2027, it’s expected to reach $19 billion, growing at a 20.8% CAGR.
- Major Driver
The DNA repair drug market is driven by the increasing cancer prevalence. Cancer, which can develop in various body tissues due to uncontrolled cell growth, is influenced by factors like smoking, radiation, carcinogens, obesity, and gene mutations. Interfering with DNA repair mechanisms can prevent cancer cell replication and promote cell death. In 2023, the American Cancer Society Inc. predicts over 1.9 million new US cancer cases, an increase from 1.8 million in 2020. Thus, rising cancer prevalence fuels DNA repair drug market growth.
View More On The DNA Repair Drugs Market Report 2023 – https://www.thebusinessresearchcompany.com/report/dna-repair-drugs-global-market-report
- Key Trend
Product innovation is a prominent trend in the DNA repair drug market, with major companies focusing on innovative products to maintain market standing. In June 2023, AstraZeneca plc, a UK-based biopharmaceutical company, received US approval for Lynparza plus abiraterone to treat BRCA-mutated metastatic castration-resistant prostate cancer. Lynparza is a PARP inhibitor and the first targeted drug to block the DNA damage response in tumors without HRR.
- Largest Region
North America was the largest region in the DNA repair drugs market in 2022.
- Major Players
Major players in the DNA repair drugs market are Pfizer Inc., Johnson & Johnson Private Limited, AbbVie Inc., Bayer AG, Novartis AG, Bristol-Myers Squibb Company, AstraZeneca PLC, Sanofi S.A., GlaxoSmithKline plc., Takeda Pharmaceutical Company Limited, Gilead Sciences Inc., Amgen Inc., Merck KGaA, Regeneron Pharmaceuticals Inc., Biogen Inc., Vertex Pharmaceuticals Inc., Ono Pharmaceutical Co. Ltd., Jiangsu HengRui Medicine Co. Ltd., BioMarin Pharmaceutical Inc., Genentech Inc., ClovisOncology Inc., Karyopharm Therapeutics Inc., Repare Therapeutics Inc., Intellia Therapeutics Inc., C4 Therapeutics Inc., Precision BioSciences, Artios Pharma Limited, FoRx Therapeutics AG, Onxeo SA, and CRISPR Therapeutics AG.
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Key DNA Repair Drugs Market Segments
The global DNA repair drugs market is segmented –
1) By Drug Type: Olaparib, Rucaparib, Niraparib, Talazoparib, Other Drugs
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Other Distribution Channels
3) By Application: Ovarian Cancer, Fallopian Tube Cancer, Peritoneal Cancer, Breast Cancer, Other Applications
The DNA Repair Drugs Global Market Report 2023 provides an in-depth analysis on the DNA repair drugs market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the DNA repair drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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