Research Nester published a report titled “Attenuated Familial Adenomatous Polyposis Drugs Market: Global Demand Analysis & Opportunity Outlook 2030″which delivers detailed overview of the global attenuated familial adenomatous polyposis drugs market in terms of market segmentation by product type, drug class, 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 attenuated familial adenomatous polyposis (AFAP) drugs market is estimated to occupy a large amount of revenue by growing at a moderate CAGR during the forecast period, i.e., 2021 – 2030, owing to the growing prevalence of colorectal diseases worldwide and growing technological advancements to develop effective treatment for the disease. Apart from these, major lifestyle changes and unhealthy diet is also expected to provide opportunities for market growth in the near future.
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The market is segmented by product type, drug class and distribution channel. Based on drug class, the nonsteroidal anti-inflammatory drugs segment is anticipated to acquire the largest market share ascribing to effectiveness of these drugs in reducing inflammation and relieving pain. Furthermore, on the basis of distribution channel, the hospital pharmacy segment is projected to garner a significant market share, which can be credited to the frequent interactions of prescribers and other health professionals in a hospital environment.
Geographically, the global attenuated 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, which can be associated to the rising occurrence of FAP in the United States and high healthcare spending of the region. Moreover, the market in Europe is also assessed to occupy a large market share owing to the increasing investments of major players for drug development and commercialization in the region.
Rising Incidences of Colorectal Diseases to Drive Market Growth
The past few years have witnessed a surge in the total population of people suffering from obesity and excessive body fat, which in turn is giving to the rise of several colorectal diseases around the world. This is one of the most crucial factors that is assessed to boost the growth of the market in the future.
However, lack of awareness about AFAP in low-income nations is expected to operate as key restraint to the growth of the attenuated familial adenomatous polyposis drugs market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global attenuated 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 attenuated 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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