Report ID: SQMIG35I2121
Report ID:
SQMIG35I2121 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
88 |
Figures:
81
North America is one of the largest markets for PROTACs, with the United States being the dominant country in the region. The market is expected to grow significantly due to the increasing number of biotechnology and pharmaceutical companies in the region and the growing interest in targeted therapies for cancer and other diseases. The dominant players in the North American PROTACs market include Arvinas, C4 Therapeutics, Nurix, and Kymera Therapeutics. These companies are focused on developing PROTACs for a wide range of indications, including cancer, inflammatory diseases, and neurodegenerative diseases. Arvinas, in particular, has been successful in advancing its lead PROTAC candidate, ARV-110, for the treatment of prostate cancer, and has entered into a partnership with Pfizer for the development of additional PROTAC candidates. The North American PROTACs market is also characterized by a large number of academic and research institutions that are focused on developing new PROTACs and advancing the understanding of protein degradation as a therapeutic modality. For example, the University of Michigan has developed a novel class of PROTACs that target the androgen receptor for the treatment of prostate cancer, while the University of California, San Francisco is focused on developing PROTACs for the treatment of HIV.
On the other hand, the Asia-Pacific (APAC) region is one of the fastest-growing regions in the Proteolysis-targeting chimeric molecules (PROTACs) market. Countries such as China, Japan, and India are witnessing rapid growth in their pharmaceutical sectors, driven by rising income levels, an aging population, and increasing healthcare spending. The region is also home to a large pool of talented researchers and scientists who are contributing to the development of new drugs, including PROTACs. China, in particular, is expected to become a major player in the global PROTACs market. The country has made significant investments in its biopharmaceutical industry, with a focus on developing innovative drugs to address the country's healthcare needs. The Chinese government has also implemented policies to encourage domestic research and development, which is driving the growth of the PROTACs market in the country. Cancer treatment is emerging as a key area of focus. The disease is a major public health concern in both North America and APAC, with high mortality rates and significant economic burden. PROTACs have the potential to revolutionize cancer treatment by targeting specific proteins that are critical for cancer cell survival, leading to their degradation. This approach is expected to be more effective and less toxic than traditional chemotherapy and radiation therapy.
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Report ID: SQMIG35I2121