July 16, 2020
According to the research report titled ‘Global DNA Damage Response Drugs Market Analysis, 2020’, available with Market Study Report LLC, global DNA damage response drugs market is expected to record considerable growth by the year 2025.
The growth of global DNA damage response drugs market is primarily attributed to the ongoingcollaborations & mergers in order to conduct effective research & development of drugs. Strategic alliances are being employed by the companies for developing advanced drugs. In 2019 for instance, BeiGene, initiated pamiparib clinical trials to develop a treatment possibility for metastatic prostate cancer.
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Additionally, various initiatives taken by medical institutes and universities regarding research of repair caused by drug damage are contributing to the industry expansion.
Speaking of the type, the market is categorized into PARP inhibitors and others. Based on the application spectrum, global DNA damage response drugs market is divided into stroke and oncological segment. In 2019, oncological segment held a significant share in the overall market, claims the report.
The human cell DNA is not only damaged by external and internal factors, but also due to conventional cancer treatments like radiotherapy and chemotherapy. These treatments fail to differentiate tumor cells from healthy cells which can further result in critical injuries and side effects. Therefore, cancer-specific DDR dependent diagnosis play a vital role since they have a trivial impact on the healthy cells, which in turn is fueling the growth of the oncological segment.
Speaking of the geographical arena, global DNA damage response drugs market is fragmented into Middle East & Africa, Asia Pacific, Europe, South America, and North America. The report states that North America held a significant share of in the overall market in the year 2019 and is expected to register consistent growth in the ensuing years. Rising mechanism and development of drug for cancer treatment are contributing to the industry expansion in the North America.
Major players in in global DNA damage response drugs market are National Institutes of Health, KuDOS Pharmaceuticals Ltd., Georgetown University, Cambridge University Hospitals NHS Foundation Trust, ARCAGY/GINECO Group, 4SC AG, National Health Service, British Columbia Cancer Agency, Genentech Inc., and Bristol Myers Squibb among others.