Global Marine Derived Drugs Market: Overview

A significantly large part of the world’s most popular medications are derived directly or indirectly from natural sources. Pioneering research in drugs derived from marine sources commenced with Roche Research Institute of Marine Pharmacology in the mid 1970s. Tethya crypta was one of the first marine organisms to be commercialized for the production of medications administered against HIV and Herpes. A small number of marine species, primarily comprising algae and other invertebrates, are already being researched to gauge their commercial value in pharmaceuticals.

The rising incidence of chronic ailments has emerged as a major concern globally, compelling governments to invest in advanced therapeutic researches. Studies have found marine organisms highly capable of providing effective solutions for chronic ailments such as cancer, herpes, and Alzheimer’s, among others. The rate of success and growth witnessed in the field is expected to be a major driver of the global marine derived drugs market. The increasing number of marine organisms used to extract drugs will create significant growth opportunities for the market. Currently sponges, mollusks, deep sea bacteria, tunicates, and fungi are the most commonly used marine organisms used for deriving drugs. Despite such strong show of R&D activities, experts believe no more than 10% of the potential marine candidates are researched till date.

The report studies the scope for expansion of the global marine derived drugs market between 2016 and 2024. It gauges the drivers and restraints influencing the market’s trajectory and identifies the prospects for growth. It also compiles exhaustive information aimed at providing a better perspective of the global marine derived drugs market to its stakeholders. Besides information relevant to the market’s trajectory, the report has a section dedicated to analyze its vendor landscape in detail. Information thus disclosed could help market participants, both established and new players, create winning strategies for future.

Global Marine Derived Drugs Market: Trends and Opportunities

The marine derived drugs market is likely to witness lucrative opportunities in North America, as one of the world’s largest marine based pharmaceutical industry is domiciled in the region. The origin of marine derived drugs traces back to shark oil, calcium supplements, and cod-liver oil. Marine biotechnology has evolved over the years, fuelled the high prevalence of unmet medical needs and the innovation of pharmaceutical products. While the contribution of these factors towards the market’s growth has been significant, potential pipeline drugs such as anti-cancer drugs hold strong prospects for the market’s expansion in the near future.

The increasing initiatives for preserving marine biodiversity and investments in research programs across the world are indicative of the rising opportunities for the global marine derived drugs market. As pharmaceutical companies gears up to research various compounds that could fight against a broad spectrum of critical illnesses, the importance of marine derived drugs is expected to rise higher. The industry is currently aiming to investigate at least 70% of marine organisms and hope to find cure for fatal and high-risk diseases in the forthcoming years. Thus in time, marine organisms will largely emerge as viable compounds used in the production of drugs, nutritional supplements, and biomaterials.

Global Marine Derived Drugs Market: Regional Outlook

Regionally. The global marine derived drugs market can be segmented into Asia Pacific, Europe, North America, and Rest of the World. The market witnesses high demand in developed regions such as North America and Europe due to their sophisticated healthcare infrastructure. While the growth witnessed in developed regions is attributed to the high awareness regarding chronic ailments, in underdeveloped countries lack of awareness and social taboos commonly associated with advanced medications limits the scope for the market.

Nonetheless, high spending in the healthcare industry in countries such as India, Singapore, Thailand, and China is creating lucrative opportunities for the global marine derived drugs market. The rising medical tourism in these countries has made them popular destinations for advanced medical cares, leading to the influx of an increasing number of patients from lesser developed regions.

Global Marine Derived Drugs Market: Vendor Landscape

The report includes profiles of some of the most prominent companies operating in the global marine derived drugs market. Some of these companies are Pharma Marine USA, Genzyme, Bayer Innovation, Abbott Laboratories, Takeda Oncology’s Millennium, LLC, Marine Polymer Technologies, Inc., and Xenome Limited and some others. Using SWOT analysis, the report gauges the strengths and weaknesses of the companies profiled. The analysis also provides insights into the opportunities and threats that these companies are likely to witness over the course of the forecast period.

The report segments the global marine derived drugs market as:

By Geography:

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Global Market For Marine Derived Drugs

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