Title: Chordoma Disease Therapeutics Market Analysis | Coherent Market Insights Market Analysis | Coherent Market Insights
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2Inhaled Antibiotics Market Analysis (2020-2027)
- The management of patients with chronic
respiratory diseases have become a challenge in
clinical practice. Conditions such as cystic
fibrosis (CF) and non-CF bronchiectasis require
extensive treatment strategies to deal with
multidrug resistant pathogens that include
Pseudomonas aeruginosa, Methicillin-resistant
Staphylococcus aureus, Burkholderia species, and
non-tuberculous Mycobacteria (NTM). - To overcome these challenges scientists are
developed a noval drug formulation of
antimicrobial agent and deliver drugs to the
pulmonary system by using inhaled, aerosolized or
nebulized antibiotics.
3- The important application of inhaling antibiotics
is to maximize drug delivery to the target site
of infection i.e. the airways and limit the
potential for systemic side effects. - The global inhaled antibiotics market size was
valued at US 1,094.6 million in 2019 and is
expected to exhibit a CAGR of 6.3 over the
forecast period (20202027).
4Figure 1 Global Inhaled Antibiotics Market Value
(US Mn), by Region, 2020
5Increasing incidence of respiratory diseases is
expected to drive the market growth over the
forecast period
- Increasing drug approvals from regulatory
authorities for the treatment of chordoma is
expected to drive growth of the chordoma disease
therapeutics market over the forecast period. - For instance, in May 2018, Bavarian Nordic A/S, a
pharmaceutical company, received orphan drug
designation from the U.S. Food and Drug
Administration (FDA) for BN-Brachyury, a novel
cancer vaccine indicated for the treatment of
chordoma.
6Figure 2. Global Chordoma Disease Therapeutics
Market Share (), by Drug Class, 2020
7Increasing adoption of strategies such as
mergers, agreements, and collaborations by key
players is expected to drive the market growth
over the forecast period
- Market players are focused on adoption of
inorganic growth strategies such as
collaborations and agreements to strengthen their
position in the chordoma disease therapeutics
market. - For instance, in January 2019, Biothera
Pharmaceuticals entered into a licensing
agreement with Cipla Limited for its potential
bevacizumab biosimilar, BAT1706. Through this
agreement, Cipla Limited received the rights to
distribute and market the biosimilar in emerging
markets.
8Chordoma Disease Therapeutics Market Restraint
- Chemotherapeutic drugs approved for the treatment
of chordoma are not always effective and have
several side effects such as nausea, headache,
and hair loss, which is expected to restrain the
market growth over the forecast period. - Also, low prevalence of the disease and
limitations associated with the treatment are
factors affecting the market growth, followed by
the high cost of diagnosis, treatment, and
research development.
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10 Global Chordoma Disease Therapeutics Market
Impact of Coronavirus (Covid-19) Pandemic
- Treatment options of cancer such as chemotherapy
can weaken the immune system of cancer patients
and increases the risk of getting infected.
Hence, people suffering from cancer such as
chordoma are at higher risk of developing serious
complications due to COVID-19 disease. - However, considering the criticality of the
chordoma disease it has been recommended by the
regulatory authorities to not delay of postpone
the chemotherapy or immunotherapy for the
treatment of chordoma disease.
11- Healthcare providers are adopting telehealth
solutions to conduct their services for cancer
patients while maintain the social distancing to
combat COVID-19 pandemic without compromising the
health of cancer patients. Patients can arrange
virtual appointments with their doctors for
consultations. Healthcare providers are taking
following measures to reduce the spread of
COVID-19 infection. - Hospitals have restricted entries of visitors and
only emergency cases are being handled. - A screening for possible symptoms of COVID-19 is
being performed for all the people who are
entering the hospitals. - Healthcare givers are encouraging patients to
conduct patients schedule appointments via
telemedicine platforms.
12Key Players
- Major players operating in the global chordoma
disease therapeutics market include
GlaxoSmithKline Plc, Bavarian Nordic A/S,
Boehringer Ingelheim International GmbH, Pfizer,
Inc., Merck Co., Inc., Sanofi SA, Astellas
Pharma Inc., AstraZeneca plc, Amgen, Inc.,
Bristol-Myers Squibb and Company, Novartis
International AG, Bayer AG, Dr. Reddys
Laboratories Ltd., and Mylan N.V.
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