Kenneth Research recently added a report on Peptide Based Cancer Therapeutics Industry Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Peptide Based Cancer Therapeutics Industry Market along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031.
In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country’s goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
Healthcare Companies and Private Service Providers to have a minimal damage Caused by Inflation:
As US govt. remains committed to quality by spending more in the Medicaid and Medicare programs, incentives by govt. to medical devices, pharma companies and biotech to benefit the market players in short and long term goals. In 2021, U.S. spent $12,318/person on healthcare- highest amongst all OECD countries followed by Germany at $7,383. The federal government commitment towards healthcare systems to enable market players expanding their revenues and mitigating the risk posed by the inflation.
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“Peptide-based cancer therapies have not yet become mainstream, but the initial low numbers certainly do not indicate any pessimism in the global market. With new developments in drug delivery, stability, modification, and preclinical success, the future growth potential of this type of cancer therapy continues to increase. A large number of new peptides with positive preclinical results are entering clinical trials focusing on the treatment of cancer. Peptidyl is also expanding to other therapeutic areas. In the near future, the global market for peptide-based cancer therapies may be affected by the increasing global cancer prevalence. According to the WHO, cancer is one of the leading causes of death in the world, with more than 8 million deaths in 2015. This factor is expected to play an important role in further promoting the popularization of peptide-based anticancer drug therapy. In addition, the various complications and the risk of serious side effects involved in traditional cancer treatments have prompted medical professionals to use peptides. The latest Kenneth Research report predicts that by the end of 2022, the global peptide-based cancer therapy will be estimated to exceed USD ~13 billion growing at a compound annual growth rate of 10% during the forecast period 2022-2030 (peptides are made of amino acids). Compounds produced by natural or artificial biological chains of monomers. In recent years, peptides have become effective therapeutic agents for the treatment of various diseases including cancer. Today, many peptide-based cancer therapies are available on the market. Continued medical research on peptides has led to the development of several peptide-based cancer treatments, which show better results than traditional cancer treatments.
North America will lead the global peptide-based cancer therapy market:
In terms of revenue, North America is expected to dominate the global peptide-based cancer therapy market in 2017 and beyond. The strong presence of the regions healthcare powerhouses and several peptide-based cancer treatment drug manufacturers are supporting the growth of the North American market.
During the forecast period, the market in this region is expected to grow at a strong compound annual growth rate. On a drug basis, the bortezomib part is expected to remain highly attractive throughout the evaluation period. Currently, this segment accounts for approximately 38% of the global market revenue. It is expected that between 2022 and 2030, this segment will achieve a double-digit compound annual growth rate, with a valuation exceeding ~USD 6 billion.
The major companies operating in the global peptide-based cancer treatment drug market, including AstraZeneca PLCAllergan plcPfizer Inc. Takeda Pharmaceutical Co., Ltd. Johnson & Johnson, AbbottAbbVie Inc., and Valeant Pharmaceuticals International Inc. .
Drug manufacturers, research institutions, and raw material suppliers in the global peptide-based cancer therapy market can benefit from the analysis provided in this report. The report provides a comprehensive analysis and may be of interest to leading trade journals and medical journals related to peptide-based cancer treatments.
The report first gave a brief overview of the global market for peptide-based cancer therapies. This executive summary sets the tone for the rest of the report and provides users with the scope of the report. The executive summary includes important data and statistics on the global peptide-based cancer treatment market. The treatment market. This includes an introduction to the market and a standard definition of the product: peptide-based cancer therapy. In this section, readers are provided with market value and year-on-year growth. The year-on-year growth gives readers a broader understanding of the growth pattern during the forecast period.
The next part of the report focuses on key drivers, constraints and trends from a macroeconomic, demand and supply perspective. The report includes a model-based weighted average growth driver impact analysis to provide customers with better decision-making insights and provide readers with the latest information on the latest developments in the global peptide cancer therapy market. ,
The report provides the latest information on market opportunities, which may benefit the leading manufacturers of peptide-based cancer treatment drugs. With the continuous development of the healthcare industry, tracking the latest developments and trends is crucial for manufacturers of peptide-based cancer treatment drugs to formulate key business strategies. This section provides detailed information about raw material procurement, supply chain, regulatory approvals, price analysis, dealer lists, and cost structure.”
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