Global Dual Specificity Protein Kinase TTK Inhibitor Market, By Product Type (S 81694, BAY 1217389, BOS-172722, CFI-402257, and Others), By Application (Non-haematologic Malignancies, Breast Cancer, Prostate Cancer, Pancreatic Ductal Adenocarcinoma, and Others), By End User (Hospitals, Specialty Clinics, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 76.6 Million in 2023 and is expected to exhibit a CAGR of 22.3% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Key market players are focusing on adopting growth strategies such as the launch of new products, which will drive the global dual specificity protein kinase TTK inhibitor market. For instance, in September 2022, Bristol Myers Squibb, a global biopharmaceutical company, announced that the U.S. Food and Drug Administration (FDA) had approved Sotyktu, a first-in-class oral, selective, allosteric tyrosine kinase 2 (TYK2) inhibitor, for the treatment of adults with moderate-to-severe plaque psoriasis who are candidates for systemic therapy or phototherapy.
Global Dual Specificity Protein Kinase TTK Inhibitor Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019, as "coronavirus disease 2019" or COVID-19. The virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries, such as India, China, Brazil, and others, faced problems with regard to the transportation of things from one place to another.
COVID-19 had a significant impact on the global dual specificity protein kinase TTK inhibitor market.
Global Dual Specificity Protein Kinase TTK Inhibitor Market: Key Developments
In January 2023, Loxo Lilly, the oncology unit of Eli Lilly and Company, announced that the U.S. Food and Drug Administration (FDA) had approved Jaypirca (pirtobrutinib, 100 mg and 50 mg tablets) for the treatment of adult patients with relapsed or refractory mantle cell lymphoma (MCL) after at least two lines of systemic therapy, including a Bruton's tyrosine kinase (BTK) inhibitor. Jaypirca was approved under the FDA's Accelerated Approval pathway based on the response rate from the open-label, single-arm, international Phase 1/2 study called the BRUIN trial.
In December 2022, Inhibikase Therapeutics, Inc., a clinical-stage pharmaceutical company, which is developing protein kinase inhibitor therapeutics to modify the course of Parkinson's disease. Parkinson's-related disorders and other diseases of the Abelson Tyrosine Kinases, announced that it had received the U.S. Food and Drug Administration's (FDA) clinical hold letter in regards to the company's IkT-148009 programs in Parkinson's disease and multiple system atrophy.
In January 2022, Pfizer Inc., announced that the United States (U.S.) Food and Drug Administration (FDA) approved CIBINQO, an oral, once-daily, Janus kinase 1 (JAK1) inhibitor, for the treatment of adults living with refractory, moderate-to-severe atopic dermatitis (AD) whose disease is not adequately controlled with other systemic drug products, including biologics, or when use of those therapies is inadvisable.
Browse 36 Market Data Tables and 26 Figures spread through 180 Pages and in-depth TOC on “Global Dual Specificity Protein Kinase TTK Inhibitor Market”- Forecast to 2030, Global Dual Specificity Protein Kinase TTK Inhibitor Market, By Product (S 81694, BAY 1217389, BOS-172722, CFI-402257, and Others), By Application (Non-haematologic Malignancies, Breast Cancer, Prostate Cancer, Pancreatic Ductal Adenocarcinoma, and Others), By End User (Hospitals, Specialty Clinics, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
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Key Takeaways of the Global Dual Specificity Protein Kinase TTK Inhibitor Market:
- The global dual specificity protein kinase TTK inhibitor market is expected to exhibit a CAGR of 22.3% during the forecast period. The merger with emerging economies offers lucrative growth opportunities for players in the global dual specificity protein kinase TTK inhibitor market.
- Among application, the breast cancer segment is expected to hold a dominant position in the global dual specificity protein kinase TTK inhibitor market during the forecast period, and this is attributed to the growing incidences of breast cancer. For instance, in 2022, the Breast Cancer Research Foundation (BCRF) stated that in 2023, an estimated 297,790 women will be diagnosed with breast cancer in the U.S., making it the most common cancer in American women.
- Among regions, North America is expected to be the dominant region in the global dual specificity protein kinase TTK inhibitor market, owing to the key players focusing on organic strategies to start new product approvals.
- Major players operating in the global dual specificity protein kinase TTK inhibitor market are Bayer AG, Boston Pharmaceuticals, Nerviano Medical Sciences Srl, Les Laboratoires Servier SAS, Pfizer Inc., and other prominent players.
