Expanding healthcare industry is driving the growth in Global Curative Therapeutics Market in the forecast period, 2022-2026.
According to TechSci Research report, “Curative Therapeutics Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026”, the global curative therapeutics market would potentially project an impressive growth in the forecast period, 2022-2026, with an impressive CAGR on account of increasing demand from the population suffering from chronic diseases. The rapidly growing instances of chronic diseases and their treatment is driving the growth of the global curative therapeutics market.
Extended research and innovative procedural launches of the technological advanced devices and equipment for the early diagnosis and effective therapeutic treatment also supports the growth of the global curative therapeutics market in the next five years. Government policies and strict regulations toward utilization of curative therapies since they are new and protocolled clinical trials are further aiding the growth of the global curative therapeutics market.
Gene therapy, biotechnological advances, and pharmaceutical innovations to cure diseases through aggressive treatment are substantiating the growth of the global curative therapeutics market in the forecast years. The recent outbreak of COVID-19 pandemic is also expected to play a vital role in the growth of the global curative therapeutics market in the forecast period, until 2026.
Multiple market players and research institutes expanded their production capabilities for vector production. For example, Tevogen Bio collaborated with BioCentriq to produce Tevogen’s investigational COVID-19 T-Cell Therapy which is under review for Food and Drug Administration (FDA) approval.
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The global curative therapeutics market is segmented on the basis of type, indication, end user, competitional landscape, and regional distribution. Based on type, the market is further fragmented into biology modifying drugs, gene therapies, and cell therapies. Cell therapies are anticipated to hold the largest revenue shares of the market and support the futuristic market growth on the account of their increasing demand. Cell therapies are actively involved in the cure for cancer.
The ongoing clinical trials and increasing pharmaceutical and healthcare product development based on cell therapy is increasing and thus supporting the growth of the sub segment as well as the growth of the global curative therapeutics market in the upcoming five years. Gene therapy is also anticipated to register significant growth in the next five years on account of increasing research and technological advancements.
Surging demand for the precision medicine, and genomic medicine is further aiding the growth of the gene therapy and thus drive the growth of the global curative therapeutics market in the future five years. Biology modifying drugs are expected to register fastest growing CAGR in the future on account of increasing research on pharmaceutical products. Although the procedure is quite risky, the adaptation and FDA approvals are expected to support the future growth of the segment and the global curative therapeutic market in the forecast period.
Based on indication, the market is segmented into cancer, musculoskeletal disorders, neurodegenerative diseases, rare diseases, hepatitis C, and others. Cancer in anticipated to register fastest growing CAGR due to rapidly increasing number of cases on a global scale. Moreover, hepatitis C cases are also multiplying and thus demand for the curative therapeutics has surged in the recent past years.
Neurodegenerative diseases are expected to register significant growth in the revenue shares in the future five years due to increasing research on neural disorders, related diseases, and brain diseases such as Alzheimer’s, Wilson’s.
Pfizer, Inc., GlaxoSmithKline plc., Sanofi S.A. (Genzyme-Voyager Therapeutics), bluebird bio, Inc., Novartis International AG, Spark Therapeutics, Inc., Kite Pharma Inc., Gilead Sciences, Inc., are among the major market players leading the growth of the global curative therapeutics market.
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“North America is anticipated to dominate the global market, which can be attributed to the rising financial and physical investment in the research and technological advancement. Advanced product launches and advancement in the therapies for the betterment of the population by the multiple market players is further driving the growth of the global curative therapeutics market in the upcoming five years. Government bodies like FDA for the approval of the therapies and pharmaceutical products along with the participation of the private organizations in clinical trials is further aiding the growth of the global curative therapeutic market. Ongoing alliances, and acquisitions in the US contributes towards futuristic market growth. New market players may focus on studying the consumer demand and extended research along with the smart product launches to aid brand establishment,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Curative Therapeutics Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026 Segmented By Type (Biology Modifying Drugs, Gene Therapies, Cell Therapies), By Indication (Cancer, Musculoskeletal Disorders, Neurodegenerative Diseases, Rare Diseases, Hepatitis C, Others), By End User (Pharmaceutical Companies, Academic & Research Institutions, Others), By Region”, has evaluated the future growth potential of global curative therapeutics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global curative therapeutics market.
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