Transforming Growth Factor Beta 1 Market Report

Market Insights

The Global Transforming Growth Factor-Beta 1 Market is expected to grow from USD 1.1 billion in 2020 to USD 2.0 billion by 2026 at a CAGR of over 11.1% during the forecast period.

Figure: Global Transforming Growth Factor-Beta 1 Market Size, 2020-2026 (USD Billion)

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What is Transforming growth factor beta 1?

Transforming growth factor-beta 1 is a multifunctional regulatory polypeptide member of the growth factor-beta family of cytokines. It is defined as a protein that performs various cellular functions including cell differentiation, cell growth, cell proliferation, and apoptosis. It also plays an important role in pathologic processes.

Key Players

Key players operating in the global Transforming Growth Factor-Beta 1 Market are-

• F. Hoffmann-La Roche AG (Switzerland),
• Shionogi & Company, Limited (Japan),
• Isarna Holding GmbH (Germany),
• Scholar Rock Holding (The U.S),
• Acceleron Pharma, Inc. (The U.S),
• Sanofi Genzyme (The U.S),
• Sirnaomics, Inc. (The U.S),
• Eli Lilly and Company (The U.S),
• Novartis International AG (Switzerland), and
• Formation Biologics Inc. (The U.S).

Market Dynamics

The growth of the global transforming growth factor-beta 1 market is primarily driven by its increasing usage in treating diseases such as cancer and idiopathic pulmonary fibrosis.

• It inhibits primary tumor development and growth by inducing cell cycle arrest and apoptosis.
• An increasing number of people suffering from various cancers is likely to drive the growth of the transforming growth factor-beta 1 market at a significant rate during the review period.
• Growing emphasis on investment in R&D activities is likely to create lucrative opportunities for the players operating in the global market.

Segment Analysis

Application Trends

Based on application, the market has been segmented into idiopathic pulmonary fibrosis (IPF), cancer, and others. Idiopathic pulmonary fibrosis (IPF) is a chronic and ultimately fatal lung disease. The idiopathic pulmonary fibrosis segment accounted for the largest market share in 2020. The cancer segment is projected to register a higher CAGR during the review period on account of the increasing prevalence of cancer among people.

Regional Trends

Geographically, the market in Europe accounted for the largest market share in 2020 and is expected to grow at a steady rate during the review period.

• The market growth can be attributed to presence of strong healthcare industry and continuous investment in R&D activities to develop advanced solutions for the healthcare problems.
• The market in Asia-Pacific region is expected to increase at a significant rate on account of growing healthcare industry with increasing prevalence of diseases among consumers.

COVID-19 Impact on Global Transforming Growth Factor Beta 1 Market

The outbreak of covid-19 across regions led to the imposition of lockdown across geographies, border restrictions, and the breakdown of the transportation network. This resulted in the closure of factories which break affected the market growth. The ongoing treatment of the patients with cancer and IPF diseases was not affected due to the covid-19 outbreak as people were allowed to go out for medical emergencies.

Critical Questions Answered in the Report

• What are the key trends in the global transforming growth factor beta 1 market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on global transforming growth factor beta 1 market?
• What are the key strategies adopted by the major vendors to lead in the global transforming growth factor-beta 1 market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the Global transforming growth factor-Beta 1 market hopes to have the greatest opportunity to convert-

• Transforming growth factor beta 1 manufacturers
• Transforming growth factor beta 1 suppliers
• Transforming growth factor beta 1 distributors
• Organizations
• Government bodies

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