PARP Inhibitors Market Size, Trends & Growth Analysis 2024-2031
The PARP Inhibitors Market study by DataM Intelligence provides a comprehensive analysis of the market, delivering valuable insights, detailed statistics, historical trends, and industry-backed market data. The report explores the competitive landscape, focusing on key players in the industry. It evaluates aspects such as product offerings, pricing models, financial performance, product portfolios, growth strategies, and regional expansion to offer a thorough understanding of market dynamics and future trends.
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What is the projected growth of the Global PARP Inhibitors market?
The Global PARP Inhibitors Market reached US$ 3.53 billion in 2023 and is expected to reach US$ 6.64 billion by 2031, growing at a CAGR of 8.3% during the forecast period 2024-2031.
What is PARP Inhibitors Market?
The PARP Inhibitors market focuses on targeted cancer therapies that block the PARP enzyme, preventing DNA repair in cancer cells, particularly in ovarian, breast, prostate, and pancreatic cancers. Driven by rising cancer cases, advancements in precision medicine, and expanding FDA approvals, the market is growing. However, challenges include high treatment costs and potential drug resistance.
Who are the major players in the PARP Inhibitors market?
The prominent players in PARP Inhibitors market research report are:
AstraZeneca, Pfizer Inc., GSK plc, Pharmaand GmbH., Globela Pharma, Johnson & Johnson Services, Inc., Merck & Co., Inc., Beacon Pharmaceuticals PLC, and EVEREST among others.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In July 2024, AstraZeneca announced results from the DUO-O Phase III trial, which evaluated the combination of Lynparza (olaparib) and Imfinzi (durvalumab) with chemotherapy and bevacizumab in newly diagnosed patients with advanced high-grade epithelial ovarian cancer lacking tumor BRCA mutations.
In June 2023, AstraZeneca and Merck revealed that the U.S. FDA had approved LYNPARZA (olaparib) in combination with abiraterone and prednisone or prednisolone for treating adult patients with BRCA-mutated (BRCAm) metastatic castration-resistant prostate cancer (mCRPC).
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Market Segments
By Product Type: Olaparib, Niraparib, Rucaparib, Talazoparib, Others.
By Application: Breast Cancer, Ovarian Cancer, Prostate Cancer, Fallopian Tube Cancer, Peritoneal Cancer, Others.
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.
The PARP Inhibitors industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global PARP Inhibitors Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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