Global Cystic Fibrosis Therapeutics Market Size, Share, Growth Analysis, By Drug Class(CFTR modulators, Mucolytics), By Route of Administration(Oral drugs and Inhaled drugs) - Industry Forecast 2024-2031

Global Cystic Fibrosis Therapeutics Market size was valued at around USD 5.30 billion in 2022 and is expected to rise from USD 6.02 billion in 2023 to reach a value of USD 16.57 Billion by 2031, at a CAGR of 13.50% over the forecast period (2024-2031).

One of the important factors boosting the demand for cystic fibrosis treatments during the forecast period is the rising prevalence of cystic fibrosis (CF) combined with the rising treatment rate. Furthermore, an increase in R&D financing by both private and governmental organizations, an increase in the number of projects performed by nonprofit organizations, and the availability of favorable reimbursement policies represent a few of the critical aspects projected to drive the marketplace in years to come.

Increased year-on-year patient growth results in increased demand for effective and efficient CF therapies. Cystic fibrosis Transmembrane Conductivity Regulator (CFTR) modulators, bronchodilators, mucolytic medications, anti-infective, antibiotics (oral, breathed in, or parents feeding formulae), anti-inflammatory medications, and pancreatic enzyme supplements are just a few of the readily accessible approved drug classes.

One of the critical aspects projected to drive market expansion is the increasing number of medication compositions in the pipelines of the leading players. Furthermore, a growing number of studies conducted to extend its target client base with its existing therapeutic portfolio is one of the market's drivers. Increasing R&D activities are projected to drive market expansion.

The presence of various charitable organizations such as CF Worldwide, Cystic Fibrosis Organization, Cystic Fibrosis Canada as well, South African Cystic Fibrosis confidence, and South African Cystic Fibrosis Organization, that are consistently involved in CF-related activities, is another important factor that can account for promoting growth of the cystic fibrosis therapeutics market. These organizations are investing large sums of money to find various therapies for CF and to assist major actors' research and development operations.