Marine Derived Drugs Market to Grow with a CAGR of 9.18% through 2028
The rich biodiversity of marine ecosystems and the
urgent need for novel medical solutions are expected to drive the Global Marine
Derived Drugs Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Marine
Derived Drugs Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Marine Derived Drugs Market
stood at USD 10.38 billion in 2022 and is anticipated to grow with a CAGR of 9.18%
in the forecast period, 2024-2028. This can be attributed to regulatory support
and environmental responsibility. Governments and regulatory bodies around the
world are becoming increasingly supportive of marine biotechnology research and
development. They recognize the potential economic and medical benefits of
marine-derived drugs and are implementing policies and initiatives to encourage
sustainable and responsible exploration of marine resources. This support helps
create a conducive environment for growth in the industry. Moreover,
neurological disorders, such as Alzheimer's and Parkinson's diseases, present
significant medical challenges. Marine-derived compounds with neuroprotective
and neuroregenerative properties are being investigated as potential treatments
for these conditions. These compounds have the potential to slow down or even
reverse the progression of neurodegenerative diseases.
Browse over XX market data Figures spread through XX
Pages and an in-depth TOC on "Global Marine Derived Drugs Market.”
The global marine-derived drugs market refers to the
pharmaceutical sector that harnesses bioactive compounds and substances from
marine organisms, such as algae, sponges, corals, and marine microorganisms, to
develop drugs and therapeutics for various medical applications. The Global Marine Derived Drugs Market is segmented
into type, source, application, regional distribution, and company.
Based on its type, Peptide is poised to dominate the
Global Marine Derived Drugs Market and sustain its supremacy throughout the
forecasted years for several compelling reasons. Firstly, peptides offer unique
advantages in drug development, characterized by their high specificity and low
toxicity, making them ideal candidates for addressing complex medical
conditions. Additionally, the abundance of marine biodiversity, coupled with
advancements in biotechnology, has led to the discovery of novel marine-derived
peptides with remarkable therapeutic potential. Peptide-based drugs have
already demonstrated their efficacy in treating various diseases, including
cancer and neurodegenerative disorders, further solidifying their position in
the market. Moreover, as the global healthcare landscape continues to evolve
towards personalized medicine and targeted therapies, peptides are
well-positioned to play a pivotal role due to their precision and minimal side
effects. With ongoing research and development efforts, Peptide is set to
maintain its dominance in the Global Marine Derived Drugs Market, providing
innovative solutions for healthcare challenges worldwide.
Based on source, Algae is poised to dominate the
Global Marine Derived Drugs Market and sustain its dominance throughout the
forecasted years due to several key factors. First and foremost, algae-based
compounds offer a rich source of bioactive molecules with a wide range of
potential therapeutic applications. Their sustainable cultivation practices
align with the growing global emphasis on eco-friendly and renewable resources,
making them a preferred choice for pharmaceutical development. Moreover,
algae-derived drugs have already demonstrated success in treating conditions
such as inflammation, diabetes, and cardiovascular diseases, and ongoing
research continues to uncover new therapeutic potentials. Additionally, as
consumers increasingly seek natural and plant-based alternatives, algae-based
drugs are well-positioned to meet this demand. With continuous innovation,
investment, and a commitment to sustainable practices, algae is set to maintain
its dominance in the Global Marine Derived Drugs Market, contributing to
advancements in healthcare and environmental sustainability.
Major companies operating in Global Marine
Derived Drugs Market are:
- Abbott Laboratories Inc
- Bayer AG
- Takeda Pharmaceutical Co Ltd
- Marine Polymer Technologies Inc
- Sanofi SA
- Aphios Corp
- Aker BioMarine ASA
- AbbVie Inc
- GSK PLC
Download Free Sample Report
Customers can also request for 10%
free customization on this report.
“The global marine-derived drugs market is entering an
era of rapid innovation and discovery. With advancements in genomics, deep-sea
exploration, and microbiome-based therapies, the industry is poised to unveil a
host of novel drug candidates that could revolutionize healthcare. From
anti-inflammatory agents to cancer therapies and neuroprotective compounds, the
potential applications of marine-derived drugs are vast and diverse.
Collaborations and partnerships across the industry will play a critical role
in harnessing these opportunities and bringing them to market,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Marine Derived Drugs Market By Type (Ether,
Peptide, Phenol, Steroid), By Source (Algae, Invertebrates, Microorganisms), By
Application (Anti-Cardiovascular, Anti-Inflammatory, Anti-Microbial,
Anti-Tumor, Anti-Viral), By Region, By
Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Marine Derived Drugs Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Marine Derived Drugs Market.
Contact
Mr. Ken
Mathews
708 Third
Avenue,
Manhattan, NY,
New York –
10017
Tel:
+1-646-360-1656
Email: [email protected]
Website: www.techsciresearch.com