Cystic Fibrosis (CF) Therapeutics Market Analysis 2024 – Estimated Market Size And Key Drivers

The Cystic Fibrosis (CF) Therapeutics  by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Cystic Fibrosis (CF) Therapeutics , The cystic fibrosis (cf) therapeutics market size has grown rapidly in recent years. It will grow from $6.91 billion in 2023 to $7.63 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%.  The  growth in the historic period can be attributed to advancements in targeted therapies, growing understanding of cf genetics, patient advocacy and awareness, government support for research, orphan drug designations, incentives for rare disease research.

The cystic fibrosis (cf) therapeutics market size is expected to see strong growth in the next few years. It will grow to $10.59 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.  The growth in the forecast period can be attributed to rise in cf patient population, regulatory approvals for novel therapies, focus on personalized medicine, increasing investment in biomarker research, expanded newborn screening programs, healthcare policy support.. Major trends in the forecast period include expansion of cftr modulators, gene editing technologies, early intervention strategies, improved diagnostic techniques, telehealth and remote monitoring, healthcare digitalization, chronic disease management.

An increase in the number of patients suffering from cystic fibrosis is expected to propel the growth of the cystic fibrosis (CF) therapeutics market going forward. Cystic fibrosis (CF) is an inherited condition that severely harms the body’s lungs, digestive system, and other organs. Cystic fibrosis therapeutics are used to treat cystic fibrosis disorder by making the mucus in the lungs thinner and easier to cough up. Thus, an increase in the number of patients suffering from cystic fibrosis is expected to boost the cystic fibrosis (CF) therapeutics market. For instance, in July 2022, according to a report shared by The Cystic Fibrosis (CF) Foundation, a US-based non-profit organization, there has been an upsurge in the number of people with cystic fibrosis, in 2022 cystic fibrosis affects almost 40,000 children and adults in the United States, and over 105,000 people worldwide have been diagnosed. Therefore, an increase in the number of patients suffering from cystic fibrosis is driving the growth of the cystic fibrosis (CF) therapeutics market.

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The cystic fibrosis (cf) therapeutics market covered in this report is segmented –
1) By Drug Class: Pancreatic Enzyme Supplements, Mucolytic, Bronchodilators, CFTR Modulators
2) By Route Of Administration: Oral, Inhaled
3) By Treatment Method: Medication, Devices

Top Major Players:

• Teva Pharmaceutical Industries Ltd.
• Hoffmann-La Roche AG
• Vertex Pharmaceuticals Incorporated
• Chiesi Farmaceutici SpA
• PTC Therapeutics LIMITED

North America was the largest region in the cystic fibrosis (CF) therapeutics market in 2023.

Product innovations are a key trend gaining popularity in the cystic fibrosis (CF) therapeutics market. Major companies operating in the cystic fibrosis (CF) therapeutics sector are focused on developing new products to gain a competitive advantage in the market. For instance, in March 2021, Chiesi USA, a US-based specialty pharmaceutical company, launched Bronchitol (mannitol) powder, the ‘First and Only’ inhalation powder for cystic fibrosis patients. It is the only dry-powder inhaled mucoactive agent that is small, covert, and transportable, does not need to be refrigerated, and does not need to be cleaned frequently.

The cystic fibrosis (cf) therapeutics  market report table of contents includes:
1. Executive Summary
2. Cystic Fibrosis (CF) Therapeutics Market Characteristics
3. Global Cystic Fibrosis (CF) Therapeutics Market Trends And Strategies
4. Cystic Fibrosis (CF) Therapeutics Market – Macro Economic Scenario
5. Global Cystic Fibrosis (CF) Therapeutics Market Size and Growth
…….
26. Global Cystic Fibrosis (CF) Therapeutics Market Competitive Benchmarking
27. Global Cystic Fibrosis (CF) Therapeutics Market Competitive Dashboard
28. Key Mergers and Acquisitions In Cystic Fibrosis (CF) Therapeutics Market
29. Cystic Fibrosis (CF) Therapeutics Market Future Outlook and Potential Analysis
30. Appendix

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