Research Nester published a report titled “Classic Familial Adenomatous Polyposis Drugs Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers a detailed overview of the global classic familial adenomatous polyposis drugs market in terms of market segmentation by treatment type, drug type, distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The classic familial adenomatous polyposis (FAP) drugs market is estimated to occupy a large amount of revenue by growing at a modest CAGR during the forecast period, i.e., 2021 – 2030, owing to the growing prevalence of colorectal cancer globally and personal history of colorectal disease or polyposis. Apart from these, rising number of incidences of sedentary lifestyle is also expected to drive market growth in the near future.
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The market is segmented by treatment type, drug type and distribution channel. Based on drug type, the monotherapy drugs segment is anticipated to grab the largest market share on the back of lesser adverse effects, reduced cost and better tolerability of these treatment drugs. Furthermore, on the basis of distribution channel, the hospital pharmacy segment is projected to gather a significant market share, which can be credited to the increased interaction of prescribers and other health professionals in hospitals.
Geographically, the global classic familial adenomatous polyposis drugs market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the rising occurrence of FAP in the United States and high healthcare expenditure of the region. Moreover, the market in Europe is also assessed to occupy a large market share owing to the increasing investments of key players for drug development in the region.
Growing Occurrence of Colorectal Cancer Worldwide to Drive Market Growth
The total number of incidences of rectal cancer have increased significantly since the last two decades. Many people globally develop this type of cancer as a result of several years of untreated familial adenomatous polyposis. In addition, there is an almost 100% possibility of developing cancer when polyps start to grow in the colon. This is one of the major factor that is assessed to boost the growth of the market in the coming years.
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However, high cost of treatment of classic FAP is expected to operate as key restraint to the growth of the classic familial adenomatous polyposis drugs market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global classic familial adenomatous polyposis drugs market which includes company profiling of Adhera Therapeutics, Inc., Cancer Prevention Pharmaceuticals, Inc., Haihe Biopharma Co., Ltd., StemSynergy Therapeutics, Inc., SLA Pharma AG, DNAlite Therapeutics Inc, GLW International, TherapyX Inc, Thetis Pharmaceuticals LLC, Zikani Therapeutics Inc, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the classic familial adenomatous polyposis drugs market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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