Pyrimidine Market Set for Rapid Growth and Trend, by 2029Posted by ankush Nikam on October 24th, 2019 Pyrimidine is an organic compound with aromatic and heterocyclic chemical structure similar to the pyridine compound. Naturally, Pyrimidine is an essential component of nucleic acids (DNA) and comprises of three different types of pyrimidines. These are Uracil, Thymine and Cytosine. Pyrimidine can also be produced synthetically and the prominent consumption of pyrimidine is in the pharmaceutical industry where it used for the production of various drugs such as drugs for cancer treatment and HIV drugs among others. Pyrimidine has been proved as an essential metabolite for cancer treatment as it can efficiently interfere with the process of DNA replication that can stop further cell divisions and prevent tumor formation.Request Sample Report@ https://www.factmr.com/connectus/sample?flag=S&rep_id=4033 Pyrimidine Market DynamicsPyrimidine Market DriversIncreasing spending from the pharmaceutical manufacturers as well as government on research and development is expected to be one of the key factor behind the growth of global pyrimidine market. The cost of development of a new drug is high and hence, the basic research on drug discovery is primarily funded by the government or by the philanthropic organizations. There are various government agencies that invest significantly on the early stages of drug research and development such as National Institutes of Health (NIH) and the Defense Advanced Research Projects Agency (DARPA). For instance, a state agency of California that was established in 2005 – the California Institute for Regenerative Medicine by the California Stem Cell Research and Cures Initiative explains the increasing number of government initiatives taken for the drug research and discovery. As a consequence of the immense amount of investments, funding’s and the need of the hour for the development of cancer medicines, the growth in the pharmaceutical industry has been significant. This is expected to indirectly drive the consumption of pyrimidine for the development of ant-cancer drugs and hence lead to the growth of the global pyrimidine market. Pyrimidine Market Restraints The global pyrimidine market is restrained by the lack of diversity in the applications of pyrimidine. Besides being used as a lab reagent and in pharmaceuticals, pyrimidine finds no other prominent applications. This has also restrained away big players from participating in the global pyrimidine market. These factors collectively are expected to impact on the growth of global pyrimidine market in negative terms. Pyrimidine Market TrendsThe significant results from research are resulting in the expansion of the pyrimidine application area. For instance, in 2016, a new patent for the ‘Application of pyrimidine compound or salt thereof for manufacturing pharmaceutical products for preventing or curing flt3-related disorders or diseases was filed that eventually widened the application area of the global pyrimidine market in pharmaceutical end-use industry. Pyrimidine Market SegmentationThe global pyrimidine market can be segmented on the basis of source, type, application and end-use industries. On the basis of source, the global Pyrimidine market can be segmented as:
On the basis of type, the global pyrimidine market can be segmented as:
On the basis of applications, the global Pyrimidine market can be segmented as:
On the basis of end-uses, the global Pyrimidine market can be segmented as:
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