The United Kingdom PARP inhibitors industry is set to experience an extraordinary surge, with projections indicating a substantial leap from the current value of US$ 5.51 billion in 2022 to an estimated US$ 8.43 billion by 2026. This forecast comes from the latest analysis by Future Market Insights (FMI), highlighting a robust Compound Annual Growth Rate (CAGR) of 11.2%.
The burgeoning demand for targeted therapies tailored to combat chronic diseases, notably cancer, is the driving force behind this remarkable industry growth. PARP inhibitors, renowned for their sophisticated and targeted approach in treating severe illnesses, are witnessing escalating demand, propelling the market expansion significantly.
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FMI’s comprehensive analysis underscores the evolving landscape of healthcare, where precision medicine plays a pivotal role in addressing complex conditions like cancer. The projected growth signifies a substantial shift towards advanced and personalized treatments, marking a significant milestone in the pharmaceutical and healthcare sectors.
“Against the backdrop of rising instances of chronic diseases globally, the expansion of the PARP inhibitors market reflects a paradigm shift towards precision medicine. This growth trajectory signifies a promising avenue for innovation and targeted therapeutic advancements,” stated a spokesperson from Future Market Insights.
The predicted surge in the market value between 2022 and 2026 showcases an encouraging outlook for research, development, and commercialization efforts within the pharmaceutical industry. As technological advancements continue to redefine treatment methodologies, the emphasis on precision and efficacy becomes increasingly pronounced, paving the way for groundbreaking therapeutic solutions.
With an anticipated CAGR of 11.2%, the PARP inhibitors industry is poised for substantial expansion, demonstrating a momentous opportunity for stakeholders, researchers, and healthcare providers to address unmet medical needs and revolutionize patient care.
Key Takeaways of PARP Inhibitors Market Study:
- Olaparib, with various expanded approvals for the treatment of ovarian cancer, breast cancer, and pancreatic cancer, and rapid increase in potential patient pool, contributed to the dominance of the segment by drug in 2021, and will continue to do so during the forecast period.
- PARP inhibitors are regarded as a new standard of care for ovarian cancer after first-line platinum chemotherapy. Adoption of PARP inhibitors for ovarian cancer treatment has surged, and the trend is expected to continue during the forecast period, owing to the ability of PARP inhibitors to induce ovarian cancer patients into remission for longer periods of time as compared to any other marketed therapy.
- With a strong pipeline, significant number of PARP inhibitors are expected to go for approval through the new drug application (NDA) process and for expanded approval to treat various types of cancers.
Growing Emphasis on Public Awareness Regarding Cancer to Propel the PARP Inhibitors Demand UK:
The U.K. is projected to account for a significant share in the Europe PARP inhibitors over the assessment period, reveals FMI.
Increasing government and non-government organizations’ emphasis on spreading public awareness regarding early diagnosis and treatment for cancer is the primary factor bolstering the sales of PARP inhibitors in the U.K. market.
For instance, Public Health England has launched a new campaign ‘Be Clear on Cancer,’ which focuses on improving early cancer diagnostics by spreading public awareness regarding cancer. In addition to this, the presence of favorable medical reimbursement policies in the U.K. is anticipated to bolster the demand for PARP inhibitors in the market.
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Key Companies Profiled:
- AstraZeneca
- GlaxoSmithKline
- Merck Co. & Inc
- GlaxoSmithKline plc
- AbbVie Inc
- Clovis Oncology
- Medivation
- Johnson & Johnson Services, Inc
- Pfizer Inc.
- Repare Therapeutics, Inc.
- Genentech, Inc.
- Artios Pharma
- Repare Therapeutics Inc.
- Sierra Oncology, Inc.
- KaryopharmTherapeutics Inc.
- Ono Pharmaceutical Co., Ltd.
- Jiangsu Hengrui Medicine Co., Ltd.
PARP Inhibitors Market by Category:
By Drug Type:
- Olaparib
- Niraparib
- Rucaparib
- Talazoparib
By Indication:
- Ovarian Cancer
- Breast Cancer
- Prostate Cancer
- Pancreatic Cancer
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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