Global DNA Repair Drugs Market, by Drug Type (Niraparib (Zejula), Olaparib (Lynparza), Rucaparib (Rubraca), and Talazoparib (Talzenna)), by Application (Ovarian Cancer, and Breast Cancer), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued US$ 461.3 million in 2017, and projected to exhibit CAGR of 32.4% over the forecast period (2018 – 2026), as highlighted in a new report published by Coherent Market Insights.
Increasing collaborations and acquisitions, along with new product approvals is expected to augment the market growth
Key players in the market are focusing on strategic collaborations and acquisitions, to increase their geographical positioning and expand their product portfolio in the global DNA repair drugs market. In July 2017, AstraZeneca and Merck & Co., Inc. announced plans to collaborate over the development and commercializing of AstraZeneca’s LYNPARZA (olaparib) indicated in treatment of multiple cancer types.
In January 2018, AstraZeneca Plc. received an approval from the Japanese Ministry of Health, Labor and Welfare for Lynparza (olaparib) tablets used as maintenance therapy for patients with platinum-sensitive relapsed ovarian cancer.
Moreover, rising investment and funding by regional governments and other organizations is expected to boost the market growth. In February 2019, the Liberal National Government of Australia announced an investment of US$ 1.14 Mn for an innovative pilot project supporting women with ovarian cancer. The government included Lynparza in its 'Pharmaceutical Benefits Scheme' which can save medicine expenses of patients up to US$ 64,400 a year.
Browse 31 Market Data Tables and 24 Figures spread through 206 Pages and in-depth TOC on ‘DNA Repair Drugs Market’- Global Forecast to 2026, by Drug Type (Niraparib (Zejula), Olaparib (Lynparza), Rucaparib (Rubraca), and Talazoparib (Talzenna)), by Application (Ovarian Cancer, and Breast Cancer), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) To know the latest trends and insights prevalent in the DNA repair drugs market, click the link below:
Furthermore, increasing incidence of cancer, is expected to drive the market growth. According to the World Cancer Research Fund International’s report in 2018, breast cancer accounted for second highest number of cancer cases among all the cancer cases worldwide, accounting 2,088,849 new cases across the globe in 2018.
Key players are focused on partnerships and acquisitions in order to expand their product portfolio in the global DNA repair drugs market. In May 2019, Clovis Oncology, Inc., in collaboration with Bristol-Myers Squibb Company and Foundation Medicine Inc., initiated Phase II trials to evaluate efficacy of Rucaparib in combination with Nivolumab in patients with high-grade serous carcinoma (HGSC) or endometrioid ovarian cancer. In January 2019, GlaxoSmithKline plc. a U.K.-based company, acquired TESARO, Inc. for around US$ 5.1 billion for drug development of Zejula in multiple cancer treatments.
Key Takeaways of the DNA Repair Drugs Market:
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