UAE Cystic Fibrosis Drugs Market Analysis

UAE Cystic Fibrosis Drugs Market Analysis


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UAE Cystic Fibrosis Drugs Market is projected to grow from $xx Mn in 2023 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2023 - 2030. The market for Cystic Fibrosis Drugs is expanding as a result of rising incidence and prevalence of cystic fibrosis globally, existance of potential pipeline candidates, methods of early detection and treatment, growing awareness of the potential threat caused by cystic fibrosis and rising use of pharmacological therapy. Vertex Pharmaceuticals, AbbVie, Viatris, Nestl? Health Science, Teva pharmaceuticals are the top key market players operating in the global cystic fibrosis market.

ID: IN10AERD080 CATEGORY: Rare Diseases GEOGRAPHY: UAE AUTHOR: Nipun Arora

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UAE Cystic Fibrosis Drugs Market Analysis Summary

UAE Cystic Fibrosis Drugs Market is valued at around $35.8 Mn in 2022 and is projected to reach $217.52 Mn by 2030, exhibiting a CAGR of 25.3% during the forecast period 2023-2030.

Cystic fibrosis is caused by gene mutations and is a hereditary disease. In this disease mucous and sweat become thick and this alters the electrolyte transport system of cells due to which they absorb more sodium and water. Chronic cough, blood in sputum and collapsed lungs caused by this disease act as a market growth driver. Infections in the upper respiratory tract, lower respiratory tract and reproductive infections also act as market growth drivers. Other market growth drivers are an increase in research and development, an increase in potential pipeline candidates and rising initiatives by non-profit organizations. Horizon Pharmaceuticals, Vertex Pharmaceuticals, AbbVie, Viatris, Nestlé Health Science, and Teva Pharmaceuticals are the top key market players operating in the global cystic fibrosis market.

Market Dynamics

Market Drivers

Increase in awareness and diagnosis of disease- Increase in detection rates and early identification of cystic fibrosis are the results of growing public knowledge of the condition and improvements in diagnostic methods acts as a market growth driver.

An increase in patients suffering from upper and lower respiratory tract infections and an increase in treatment rates of cystic fibrosis is also a market growth driver

An increase in the incidence and prevalence of cystic fibrosis globally an increase in Research and development funding by both private & public organizations, a rising number of initiatives undertaken by nonprofit organizations, and the presence of favourable reimbursement policies are all market growth drivers.

Technological advancements and development of modulators – Treatment using nanotechnology and the development of modulators has improved patient compliance which acts as a market growth driver.

Market Restraints

Adverse effects associated with Cystic fibrosis drugs- The side effects which include upper respiratory infections, liver issues, chest pain, blood pressure increases, and other things, could slow the market's expansion

High cost of treatment among cystic fibrosis disease suffering from a lung transplant, liver transplant also acts as a market growth restraint

Stringent regulations, prolonged FDA approvals, and product recalls act as a market growth restraint

Lack of Patient adherence and long duration of treatment is also a market growth restraint

Key players

Vertex Pharmaceuticals Gilead Sciences AbbVie Johnson & Johnson Roche Novartis Sanofi Catalyst Biosciences United Therapeutics PTC Therapeutics

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Market Segmentations For UAE Cystic Fibrosis Drugs market

By Drug Class

  • Pancreatic Enzyme Supplements
  • Mucolytics
  • Bronchodilators
  • CFTR Modulators

By Route of Administration

  • Oral Drugs
  • Inhaled Drugs

By Distribution Channel

  • Retail pharmacies and drug stores
  • Online pharmacies
  • Hospital pharmacies

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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This report addresses

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Last updated on: 04 July 2023
Updated by: Keta Vora

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