Global Senolytic Drugs Market is driven by advancing pharmaceutical industry in the forecast period, 2023-2027.
According to TechSci Research report, “Senolytic Drugs Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027”, the global senolytic drugs market has a potential to project an impressive CAGR toward forces growth in the period, 2023-2027, on the account of increasing demand for anti-aging drugs. Rapidly advancing healthcare sector and expanding pharmaceutical industry is further responsible for the growth of the global senolytic drugs market in the upcoming five years.
Surge in the demand for the advanced pharmaceutical and therapeutics in the major economies is further anticipated to support the growth of the global senolytic drugs market in the next five years. Multiple market players have invested in research and rapidly increasing their financial supports to the research institutes and academic center dedicated toward designing anti-aging drugs and senolytic drugs thus substantiating the growth of the global senolytic drugs market in the future five years.
Increasing instances of chronic diseases like cardiovascular diseases, neurodegenerative diseases, chronic obtrusive pulmonary diseases (COPD), etc. is also raising the demand for the senolytic drugs thus aiding the growth of the global senolytic drugs market in the forecast years, until 2027. Rapidly growing cases of geriatric population suffering from high blood pressure, diabetes, Alzheimer disease and Parkinson disease, are related to the growing age among humans.
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With increasing geriatric population of the world that may exceed 1 billion counts in next 30 years is also one of the major reasons behind futuristic growth of the global senolytic drugs market in the upcoming five years.
Although, stringent rules and regulations regarding FDA approvals and clinical trials on the developing senolytic drugs may put mild restraint on the growth of the global senolytic drugs market in the future.
The global senolytic drugs market segmentation is based on type, application, distribution channel, regional distribution, and competitive landscape. Based on type, the market is fragmented into FOXO4-related peptides, bcl-2 Family Inhibitors, Src Tyrosine Kinase Inhibitors, Navitoclax, Dasatinib & Quercetin, and others. Dasatinib, Quercetin, Fisetin and Navitoclax are some of the primarily discovered senolytic drugs through hypothesis.
Pre-clinical functions of the of the senolytic drugs were designed to be preventive toward cancers, and cardiovascular, neuropsychiatric, liver, kidney, musculoskeletal, lung, eye, hematological, metabolic and skin disorders. Also, clinical trials of these drugs against diabetes, idiopathic pulmonary fibrosis, Alzheimer’s disease, COVID-19, osteoarthritis, osteoporosis, eye disease, etc. are continued. The studies are still being conducted and commercialization of these drugs have still not started.
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Market segmentation based on application, bifurcates into longevity, senescence inhibition, cardiovascular diseases, neural degenerative diseases, and others. Longevity is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of increasing demand for the pharmaceutical products that can aid healthy lifespan in humans. Rapidly increasing geriatric population of the world is further driving the growth of the global senolytic drugs market in the next five years.
Senescence inhibition is the process of killing the aged cells that are not dividing and accumulating in a location forming tumorous lump. Usually, senescence in cells is a stress response mechanism induced by different type of bodily responses like telomere attrition, DNA damage, and oncogenic mutations, etc. Available therapeutics target such senescent cells act on specific killing of these cells by senolytic process, specific inhibition of the secretory phenotype, and improving removal of senescent cells by immune system.
Some of the market players, dominating the global senolytic drugs market are:
- AgeX Therapeutics, Inc.
- Cleara Biotech
- Eternans Ltd.
- FoxBio Inc
- Numeric Biotech
- T.A. Sciences, Inc.
- Recursion Pharmaceuticals, Inc.
The existing market players are highly invested in research and product development along with viable service provisions for the consumers. New market entrants may follow similar strategies along with merger and acquisition methods for future brand establishment.
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“North America is anticipated to hold the largest revenue shares of the market and dominate the regional analysis in the upcoming five years on the account of expanding healthcare industry in the region. In the major economies like the United States, and Canada, healthcare sector is booming on the basis of increasing research and advancement in the pharmaceutical sector in the countries along with the increasing investment in the pharmaceutical designing, production and further research over senescent cells. Moreover, government aid along with the FDA approvals for the senolytic drugs is further anticipated to aid the growth of the global senolytic drugs market in the next five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Senolytic Drugs Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 Segmented By Type (FOXO4-related peptides, bcl-2 Family Inhibitors, Src Tyrosine Kinase Inhibitors, Navitoclax, Dasatinib & Quercetin, Others), By Application (Longevity, Senescence Inhibition, Cardiovascular Diseases, Neural Degenerative Diseases, Others), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Online Pharmacies), By Region”, has evaluated the future growth potential of global senolytic drugs 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 senolytic drugs market.
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