The CC Chemokine Receptor Type 5 Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s CC Chemokine Receptor Type 5 Global Market Report 2024, The CC chemokine receptor type 5 market size has grown rapidly in recent years. It will grow from $1.27 billion in 2023 to $1.40 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to government funding, R&D collaborations, public health campaigns, public-private partnerships, and the discovery of CCR5.
The CC chemokine receptor type 5 market size is expected to see rapid growth in the next few years. It will grow to $2.07 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to the prevalence of HIV or AIDS, healthcare infrastructure, economic incentives, increasing demand for healthcare, and economic growth. Major trends in the forecast period include expanding research on cancer treatment, development of combination therapies, development of pharmaceutical manufacturing, strategic collaborations and partnerships, and clinical trials expansion.
The increasing prevalence of chronic diseases is expected to propel the growth of the CC chemokine receptor type 5 market going forward. The prevalence of chronic diseases is growing due to aging populations and increasing rates of lifestyle-related risk factors such as poor diet, physical inactivity, and obesity. CC Chemokine Receptor Type 5 (CCR5) is crucial in chronic diseases such as human immunodeficiency virus (HIV), as it acts as a coreceptor that allows the virus to enter and infect immune cells, playing a key role in the progression of the disease. For instance, in October 2023, according to the Joint United Nations Programme on HIV/AIDS, a Switzerland-based, comprehensive global program to prevent HIV infection, in 2021, around 38.7 million people were infected with HIV, which increased to 39.0 million people in 2022, with 1.3 million newly infected people in the year 2022. Therefore, the increasing prevalence of chronic diseases is driving the growth of the CC chemokine receptor type 5 market.
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The cc chemokine receptor type 5 market covered in this report is segmented –
1) By Type: BMS-813160, AG-1105, CCL-14, DS-001, Other Types
2) By Distribution Channel: Hospitals, Clinics, Online Pharmacies, Retail Pharmacies
3) By Application: Infectious Disease, Gastrointestinal, Immunology, Oncology, Other Applications
4) By End User: Research Institutes, Pharmaceutical Companies, Healthcare Facilities
Major companies operating in the CC chemokine receptor type 5 market are focused on developing new drugs, such as a CCR5 antagonist, to gain a competitive advantage. A CC chemokine receptor type 5 (CCR5) antagonist is a type of drug that blocks the CC chemokine receptor type 5 (CCR5) receptor on immune cells, preventing certain pathogens such as HIV from binding and entering these cells, thereby inhibiting infection and modulating immune responses. For instance, in February 2024, CytoDyn Inc., a US-based biotechnology company, announced that the U.S. Food and Drug Administration (FDA) had lifted the clinical hold on leronlimab. The company is now authorized to continue with its planned HIV clinical trial to investigate leronlimab’s impact on chronic inflammation. Leronlimab, a CCR5 antagonist (also known as PRO 140), shows promise for various therapeutic applications due to its potential to target multiple health conditions and is being investigated for various indications, including HIV and cancer.
The cc chemokine receptor type 5 market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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