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Cystic Fibrosis Therapeutics Market Size

  • Report ID: GMI5118
  • Published Date: Sep 2021
  • Report Format: PDF

Cystic Fibrosis Therapeutics Market Size

Cystic Fibrosis Therapeutics Market size exceeded USD 8.5 billion in 2020 and is anticipated to grow at over 16.1% CAGR from 2021 to 2027. Growing awareness about the potential threat of cystic fibrosis, rise in the adoption of drug therapies and increasing prevalence of cystic fibrosis across the globe, are some of the prominent factors that drive the market growth. There was no considerable impact of COVID-19 on the cystic fibrosis therapeutics industry, since several countries adopted lockdown and cancelled routine clinic appointments to prevent unnecessary hospital visits and viral spread. The market witnessed a short-term disruption during the initial days of the COVID-19 pandemic due to decline in non-urgent in-person clinic visits.

 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global cystic fibrosis therapeutics market size was over USD 8.5 billion during 2020 and is anticipated to register about 16.1% CAGR over 2021-2027.

Medications held nearly USD 6.1 billion share of global cystic fibrosis therapeutics industry in 2020 with increasing demand for mucus thinner, bronchodilators, bronchodilators and other products.

Hospitals are expected to account for almost 49% of cystic fibrosis therapeutics consumption by 2027, with the demand for precise diagnosis and treatments by experienced medical professionals.

North America held around 76% of cystic fibrosis therapeutics industry share during 2020 and the share will expand with high prevalence of the disorder and wider availability of treatment options in the region.

Major companies offering cystic fibrosis therapeutic products worldwide include AbbVie, Gilead Sciences, Roche, Pharmaxis Ltd., Nestle Health Science, and Vertex Pharmaceutical Incorporated, among others.

Cystic Fibrosis Therapeutics Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 10
  • Tables & Figures: 96
  • Countries covered: 11
  • Pages: 100
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