LONDON–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/Biotechnology?src=hash" target="_blank"gt;#Biotechnologylt;/agt;–The global BRAF kinase inhibitors market is expected to post a CAGR of
over 8% during the period 2019-2023, according to the latest market
research report by Technavio.
Although there are many approved therapies in the field of oncology, the
treatment landscape for advanced or metastatic carcinomas such as
melanoma and NSCLC still has scope for improvement. Hence, BRAF kinase
inhibitors are the most foreseen small molecule targeted therapy drugs
for the treatment of these carcinomas. These drugs act on the BRAF
protein directly and shrink or slow the growth of tumors with metastatic
melanoma (due to BRAF gene mutations) as they hinder the activity of
BRAF kinases. The mechanism of action (MoA) of this drug class is target
specific, which makes it a potential single solution for various cancer
indications. Thus, such substantial benefits from BRAF kinase inhibitors
will help support the growth of the global BRAF Kinase inhibitors market
during the forecast period.
As per Technavio, the expansion of research areas will have a positive
impact on the market and contribute to its growth significantly over the
forecast period. This global
BRAF kinase inhibitors market 2019-2023 research report
also analyzes other significant trends and market drivers that will
affect market growth over 2019-2023.
Global BRAF kinase inhibitors market: Expansion
of research areas
BRAF kinase inhibitors have demonstrated efficacy in several oncology
indications such as NSCLC, melanomas, and RCC. Therefore, several
vendors are seeking to expand the clinical reach of these drugs. Also,
owing to their high target affinity and specificity, many companies are
researching the treatment of more than three different types of cancer
using BRAF kinase inhibitors. Similarly, about 50 clinical trials are
being carried out by various companies for different types of cancer.
Therefore, such expansions in the research areas of BRAF kinase
inhibitors are expected to have a substantial impact on the global BRAF
kinase inhibitors market during the forecast period.
“The prevalence of cancer has seen a significant rise in recent
years, and the global pharmaceuticals market has witnessed the approval
of various novel therapies, especially in the field of oncology. Various
companies are also conducting heavy research on developing novel
therapeutics such as BRAF kinase inhibitors. Moreover, there are some
therapeutics in the pipeline that are being studied for the treatment of
other indications. Hence, the prevalence of various cancer indications
and strong pipeline will drive the growth of the global BRAF kinase
inhibitors market,” says a senior analyst at Technavio.
Global BRAF kinase inhibitors market:
Segmentation analysis
This market research report segments the global BRAF kinase inhibitors
market by product (dabrafenib, sorafenib, vemurafenib, and encorafenib)
and geographical regions (North America, Europe, Asia, ROW).
The North American region led the market in 2018, followed by Europe,
Asia, ROW respectively. During the forecast period, the North American
region is expected to maintain its dominance over the global market and
register the highest incremental growth due to sale of approved BRAF
kinase inhibitors and the increasing prevalence of several cancer
indications in the region.
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- Vendors covered
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- Market positioning of vendors
- Competitive scenario
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