Protein Inhibitors Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033

Posted by Amruta Pritam on February 16th, 2024

The Protein Inhibitors Global Market Report 2024 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 Protein Inhibitors Global Market Report 2024, The protein inhibitors market size has grown strongly in recent years. It will grow from .99 billion in 2023 to .74 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%.  The  growth in the historic period can be attributed to drug discovery, drug development, cancer treatment, regulatory approvals.

The protein inhibitors market size is expected to see strongly grown in the next few years. It will grow to 5.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.  The growth in the forecast period can be attributed to precision medicine, immunotherapy, drug combinations, aging population. Major trends in the forecast period include data sharing and collaboration, sustainability and esg, personalized medicine, adaptive clinical trials.

The increasing prevalence of chronic diseases is predicted to contribute to the growth of the protein inhibitors market over the forecast period. Chronic diseases such as cancer, cardiovascular diseases, and autoimmune diseases are becoming more prevalent. For instance, in May 2022, according to the World Health Organization, chronic diseases are expected to become the seventh leading cause of death globally by the end of 2030.In the USA, the number reached 157 million in 2020, with 87 million people having multiple conditions. Protein inhibitors are used for the treatment of these diseases attributing to fewer adverse effects and higher efficacy. Therefore, an increasing number of people with chronic diseases are anticipated to propel the demand for growth of the protein inhibitors market.

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The protein inhibitors market covered in this report is segmented –

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  

Companies in the protein labelling market are increasing their product innovation through strategic collaborations. To sustain in the increasingly competitive market, companies are developing innovative products as well as sharing skills and expertise with other companies. While companies have long collaborated as well as academic and research institutions in this market by way of partnerships, in or out-licensing deals, this trend has been increasing over recent years. For instance, recombinant protein manufacturer enGenes Biotech GmbH (enGenes) announced a collaboration with ACIB GmbH for protein labelling.

The protein inhibitors market report table of contents includes:

1. Executive Summary

2. Market Characteristics

3. Market Trends And Strategies

4. Impact Of COVID-19

5. Market Size And Growth

6. Segmentation

7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

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