Global Kinase-Targeted Therapeutics Market: Overview
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.
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.
Global Kinase-Targeted Therapeutics Market: Drivers and Restraints
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.
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.
Global Kinase-Targeted Therapeutics Market: Geographical Segmentation
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.
Global Kinase-Targeted Therapeutics Market: Competitive Landscape
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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.