High prevalence of target diseases, product launches, increasing strategic developments such as partnerships and agreements, increasing demand of painless or minimally invasive treatment, and increased resistance to existing therapies are key factors contributing to the increasing adoption of the Hedgehog pathway inhibitors during the forecast period.
According to the current analysis of Reports and Data, the global Hedgehog Pathway Inhibitors market is expected to reach USD 961.7 million by the year 2026, at a CAGR of 10.3%. The study covers drivers, obstruction, and future revenue opportunities of the Hedgehog pathway inhibitors market. Hedgehog pathway is an important signaling pathway for healthy embryonic development. Rising prevalence of chronic target diseases such as cancer, are contributing to the market growth. For instance, every year approximately 17 million new cases of cancer are registered worldwide. Additionally, each year, non-melanoma skin cancer accounts for 2-3 million cases across the globe; wherein one out of every three cancer cases is related to skin cancer. According to the American Brain Tumor Association, approximately 25% of patients in the US are suffering from medulloblastoma due to the uncontrolled Sonic Hedgehog (SHH) pathway. Individuals with medulloblastoma showed a high level of cholesterol when the combination of statin (simvastatin) and Hedgehog pathway inhibitor (vismodegib) was administered to the cohort. The combination therapeutics produces synergistic activity of the inhibitors.
Key companies profiled in the report include
Pfizer Inc., F. Hoffmann-La Roche AG, Sun Pharmaceutical Industries Limited, Infinity Pharmaceuticals, Max Biopharma Inc, PellePharm Inc., Takeda Pharmaceutical Company Ltd, Mayne Pharma Group Limited, and Bristol-Myers Squibb Company.
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Hedgehog Pathway Inhibitors market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Hedgehog Pathway Inhibitors Market Segmentation based on Types:
Product Type Outlook (Revenue, USD Million; 2016-2026)
- Glasdegib
- Vismodegib
- Sonidegib
- Itraconazole
- Oxysterol
- Saridegib
Pathway Type Outlook (Revenue, USD Million; 2016-2026)
- Canonical Hedgehog Signaling
- Non-Canonical Hedgehog Signaling
- Smoothened dependent Non-Canonical
- Smoothened independent Non-Canonical
Application Outlook (Revenue, USD Million; 2016-2026)
- Basal Cell Carcinoma
- Acute Myeloid Leukemia
- Medulloblastoma
- Gorlin Syndrome
- Others
Route of Administration Outlook (Revenue, USD Million; 2016-2026)
- Oral
- Topical
Patient Use Outlook (Revenue, USD Million; 2016-2026)
- Adult
- Children
Further key findings from the report suggest
- During 2019-2026, Hedgehog pathway inhibitors market is expected to register a CAGR of 11.4% in the Asia Pacific; followed by North America and Europe, with 10.4% and 9.9% CAGR respectively. High prevalence of chronic target diseases across the globe is the primary factor driving the market during the forecast period across all regions.
- The basal cell carcinoma segment dominates the market with the highest market share in the year 2018. It is estimated to grow at a CAGR of 11.2% during the forecast period to reach the value of USD 235.8 million by 2026, as more patients are suffering from basal cell carcinoma.
- The oral route for administration of the live vaccines segment is forecast to be the fastest growing market segment. Ease of application and efficient dose delivery to achieve desirable results are some of the factors responsible for the market growth.
- Based on type, the smoothened non-canonical pathway type of Hedgehog inhibitors segment dominates the market, holding the largest market share than the other types.
- Asia Pacific is expected to account for a CAGR of 11.4% of the global Hedgehog pathway inhibitors market. Developing nations such as China and India are likely to witness a high growth due to the high prevalence of target diseases, increased globalization and high availability of Contract Research Organization facilities in the region.
- Apart from developments of new molecules, key market players are engaged in exploring the application of the existing old molecules in Hedgehog pathway inhibitor indications, this is expected to deduct the cost of clinical trials and will provide opportunity for the market players. For instance, Mayne Pharma Group Limited took control of SUBA-itraconazole BCCNS program from HedgePath Pharmaceuticals, Inc.
- Slow rate of commercialization, high costs involved in research and development, reluctance toward the adoption of new treatment practices and stringent government regulations are among the key factors likely to hamper growth of the market.
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