Cystic Fibrosis (CF) Diagnostics Market Size Analysis 2022-28
The global cystic fibrosis (cf) diagnostics market size was valued at USD 7.13 billion in 2021 and is poised to grow at a significant CAGR of 18.0% during the forecast period 2022-28. Mucoviscoidosis, or cystic fibrosis, is a hereditary genetic illness that affects the secretory glands, such as the mucus and sweat glands. The lungs and digestive system are the main targets. Cystic fibrosis is characterised by the formation of thick, sticky mucus, among other symptoms. Over time, the disease progresses in the lungs, blocking the tubes that carry air in and out. The growth of germs is accelerated by increased secretion of thick mucus, which leads to catastrophic lung infections. Consistent cough, continual lung infection, salty smelling skin, respiratory problems, bulky stools, difficulties bowel motions, poor growth, and low weight gain are some of the key symptoms of cystic fibrosis.
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As the prevalence of CF rises, so does the requirement for treatment alternatives, boosting the market. The leading companies in this market focus on the development of innovative therapies for treatment in conjunction with non-profit organisations. VX-445 + tezacaftor + ivacaftor, PTI-428, QR-010, AZD5634, and POL6014 are some of the medications under clinical trials. One of the main drivers of growth is favourable initiatives done by regional and national nonprofit groups. Patients with cystic fibrosis will benefit from these activities. These organisations support therapeutic research and development while also assisting patients in improving their quality of life. The North American Cystic Fibrosis Conference (NACFC), for example, was founded in 1986 to provide a collaborative and instructional venue for CF practitioners to communicate breakthroughs in CF medicines research and development.
The global cystic fibrosis (cf) diagnostics market segmentation:
1) By Test Type: Antenatal testing, Carrier testing, Sweat tests, CFTR-Related Metabolic Syndrome (CRMS), Newborn screening, Prenatal screening.
2) By Product Type: Diagnostic Kits, Reagents, and Others.
3) End User: Hospitals and Diagnostic Centers
North America is the fastest-growing region in the world, and it also contributes significantly to global revenue. The region's expansion is being fueled by increased patient awareness of disease remission therapy, rising CF prevalence, and substantial public and private healthcare spending. The majority of people with CF in the United States are of Caucasian origin. During the projection period, Asia-Pacific is expected to increase at the fastest rate. The increased popularity of urban living is resulting in an increase in the number of patients in the area. This, together with rising healthcare spending, is likely to drive the APAC market forward. Over the projected period, favourable regulatory regulations for biosimilars are expected to enhance demand for the regional market.
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There are several industry players working in the Cystic Fibrosis (CF) Diagnostics Market, which include Elucigene, Asper Biogene, ELITechGroup, Natera, Inc., Randox Laboratories Ltd., Luminex Corporation, Appolon Bioteck, Arazy Group, Illumina Inc.
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