Kinase is a class of enzyme that helps to transfer phosphate groups
to the targeted substrate from molecules with high energy such as
adenosine triphosphate (ADP). Disrupted or inappropriate kinase
activity has been associated with several chronic diseases such as
diabetes, neurological disorders, cancer, and cardiovascular
disorders.
The rising prevalence of chronic diseases such as cancer and diabetes
is one of the primary factors driving the global kinase-targeted
therapeutics market. The World Diabetes Foundation (WDF) estimates
the number of people suffering from diabetes to reach 438 million by
2030. Similarly, the World Cancer Research Fund International
projects the count of people suffering from cancer across the world
to reach 21 million by the same year. Kinases vary on the basis of
molecules on which they act. Some of them are lipid kinase, protein
kinase, and carbohydrate kinase.
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The report serves as a reliable source of analysis and data regarding
various important aspects of the global kinase-targeted therapeutics
market. It presents a comprehensive account of the market dynamics
including trends and opportunities. It offers invaluable insights
into the competitive landscape of the market. It profiles the key
companies operating in the market along with their business
strategies, market shares, cost and revenue structure, contact
information, and latest developments. For a coherent understanding,
the report categorizes the global kinase-targeted therapeutics market
on the basis of various criteria including geography, and target
molecules.
The continuous research and development activities in the field of
life science are providing a fillip to the global kinase-targeted
therapeutics market. Governments worldwide are allocating substantial
budgets for medical advancements. Moreover, the improving healthcare
facilities in developing countries coupled with increasing healthcare
spending are augmenting the market. Since aged people are more
susceptible to chronic diseases and age-related deformities, the
growing geriatric population is working in favor of the market.
On the other hand, the increasing awareness regarding the
side-effects of kinase-targeted therapeutics drugs is restraining the
growth of the market. These drugs are hazardous to the normal
functioning of the liver and critical organs such as lungs and
kidneys.
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The key segments analyzed in the report based on geography are North
America, Asia Pacific, Europe, and Rest of the World. North America
will account for a substantial share in the market throughout the
review period owing to the presence of a large base of geriatric
population. The domicile of large manufacturers of kinase-targeted
therapeutic drugs is providing an edge to the region over other
regions. In addition, the continuous research and development
activities in the field are supporting the growth of the market in
the region.
Asia Pacific is expected to exhibit significant growth during the
same period. The growth of the region can be attributed to the
expanding base of patients suffering from chronic diseases. The
improving healthcare infrastructure along with the rising expenditure
of the populace on healthcare is propelling the growth of the
region.
A large number of pharmaceutical giants are investing in the area of
kinase modulation, and are among the leading players in the market.
Several companies operating in the global kinase-targeted
therapeutics market are keen on designing and launching improved
agents that target diverse combinations of kinases. They are focusing
towards business development and pipeline enrichment through mergers
and acquisitions. Some of the prominent manufacturers of
kinase-targeted therapeutic drugs are Eli Lilly and Company, Abbott
Laboratories, Avila Therapeutics Inc., Array BioPharma Inc., and
Bristol-Myers Squibb Co.
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