Research Nester assesses the growth and market size of global HDAC (Histone Deacetylase) inhibitors market which is anticipated to be on account of the growing burden of neurological illness and growing trend of personalized medicine for the treatment of cancer.
New York – October 25, 2023- Research Nester’s recent market research analysis on “HDAC (Histone Deacetylase) Inhibitors Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global HDAC (Histone Deacetylase) inhibitors market in terms of market segmentation by classification, application, drugs, end-user, distribution channel, route of administration, and by region.
Growing Prevalence of Chronic Diseases to Promote Global Market Share of HDAC (Histone Deacetylase) Inhibitors
The global HDAC (Histone Deacetylase) inhibitors market is estimated to grow majorly on account of the increasing cases of chronic diseases. It is expected that the major risk factors for the most common chronic diseases such as respiratory illness, cancer, diabetes, and cardiovascular disease include excessive alcohol consumption, poor dietary habits, and tobacco use. As a result, there may be a higher demand for HDAC (Histone Deacetylase) inhibitors for the treatment of several chronic diseases.
According to the World Health Organization (WHO), noncommunicable diseases (NCDs) account for 41 million annual fatalities, or 74% of all fatalities worldwide.
Some of the major growth factors and challenges that are associated with the growth of the global HDAC (Histone Deacetylase) inhibitors market are:
Growth Drivers:
• Surge in Prevalence of Rare Diseases Globally
• Rising Drug Development
Challenges:
The side effects caused by HDAC (Histone Deacetylase) Inhibitors, and the strict rules & regulations developed by the government of nations worldwide are some of the major factors anticipated to hamper the global market size of HDAC (Histone Deacetylase) inhibitors. The inhibitors can cause several side effects including diarrhea, and the most worrisome side effect, cardiac toxicity, which includes ventricular arrhythmia.
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By rout of administration, the global HDAC (Histone Deacetylase) inhibitors market is segmented into oral HDAC inhibitors, and parenteral HDAC inhibitors. The oral HDAC inhibitors segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. Oral HDAC (Histone Deacetylase) inhibitors are a class of drugs that can control gene expression and provide a wide range of anticancer effects. For instance, Valproic acid (VPA), an oral HDAC inhibitor, blocks HDAC, which slows the proliferation of small-cell lung cancer cells.
Furthermore, by application, the oncology segment is poised to gain a significant share by the year 2036. HDAC inhibitors offer a potential future in the field of oncology, as they induce tumor cell death with all of the morphological and cellular hallmarks of apoptosis and can correct the abnormal acetylation status of proteins present in cancer cells.
By region, the Europe HDAC (Histone Deacetylase) inhibitors market is to generate the highest revenue by the end of 2036. This growth is anticipated by increasing number of senior people in the region. The proportion of old people in Europe is the highest as by 2100, it is anticipated that over 25% of the population in the EU will be 65 or older which would result from a long-term decline in fertility rates as well as a growth in life expectancy (longevity), which is essentially the result of advancements in health and medicine. Moreover, the leading cause of mortality for Europeans under 65 is cancer, whose frequency climbs sharply with age. Additionally, cancer affects Europeans more severely than other people as there were more than 3 million new instances of cancer in 2020. All these factors are expected to create a huge demand for HDAC (Histone Deacetylase) inhibitors in the European region as they are similar to other anti-cancer medications and are frequently used as a single agent or in combination with other chemotherapeutics in the treatment of tumors.
For instance, in 2022, more than 21% of EU citizens were 65 years of age or older.
Furthermore, all citizens in almost all European nations have access to healthcare since the government finances a form of universal health coverage that provides people access to a complete range of high-quality medical services. This as a result may increase the demand for HDAC (Histone Deacetylase) inhibitors in the region as more people will be able to afford them for the treatment of various chronic diseases.
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This report also provides the existing competitive scenario of some of the key players of the global HDAC (Histone Deacetylase) inhibitors market which includes company profiling of Novartis AG, Midatech Pharma PLC, REGENACY PHARMACEUTICALS, INC., Syndax Pharmaceuticals Inc., Viracta Therapeutics Inc., Xynomic Pharmaceuticals (Nanjing) Co. Ltd., Cetya Therapeutics Inc., Tokyo Chemical Industry Co. Ltd., AstraZeneca Plc., and others.
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