The global BRAF kinase inhibitors market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). BRAF is a kinase enzyme that helps control cell growth and signalling. This enzyme can be found in a mutated form in some types of cancer, including melanoma and colorectal cancer. Blocking mutated BRAF kinase proteins helps to stop the cancer cells from growing. Some BRAF kinase inhibitors are used to treat cancer. The major factor that is expected to drive the global BRAF kinase inhibitors market during the forecast period includes product approvals by regulatory bodies in various regions across the globe.
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Moreover, the robust pipeline of BRAF kinase inhibitor drugs is expected to significantly drive the growth of the global BRAF kinase inhibitors market during the forecast period. Furthermore, the global BRAF kinase inhibitors market is anticipated to witness high growth during the forecast period, owing to the increasing incidence and prevalence of metastatic cancer.
The global BRAF kinase inhibitors market analysis includes some of the key market players such as F. Hoffmann-La Roche AG, Novartis International AG, and Pfizer, Inc., among others. To maintain a strong position in the market, these market players are adopting various strategic moves, such as product launches, partnerships, collaborations, and mergers and acquisitions.
Recent Development
For instance, in June 2020, BeiGene, Ltd., a commercial-stage biotechnology company and SpringWorks Therapeutics, Inc., a clinical-stage biopharmaceutical company, announced the presentation of preclinical data and provided a program update on their ongoing Phase 1b/2 study evaluating the combination of BeiGene’s investigational RAF dimer inhibitor, lifirafenib, with SpringWorks’ investigational MEK inhibitor, mirdametinib, in patients with advanced or refractory solid tumors harbouring mutations in the MAPK pathway, including those with RAS mutations.
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Market Coverage
- Segment Covered
- Regions Covered- Globally
Competitive Landscape: F. Hoffmann-La Roche AG, Novartis International AG, and Pfizer, Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global BRAF Kinase Inhibitors Market by Segment
By Drug
- Vemurafenib
- Dabrafenib
- Lifirafenib
- Encorafenib
By Indication
- Metastatic Melanoma
- Metastatic Lung Cancer
- Others
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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