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.
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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.
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.
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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.
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.
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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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