Spleen tyrosine kinase (Syk) is a protein tyrosine kinase involved in a variety of biological activities. Spleen tyrosine kinase (Syk) is a non-receptor cytosolic protein tyrosine kinase (PTK) that is mostly found in hematopoietic cells. Syk has been identified as an important B-cell receptor signaling cascade component. Other immunological receptors, such as Fc receptors and adhesion receptors, rely on Syk for signal transmission.
Data Bridge Market Research analyses that the spleen tyrosine kinase (Syk) inhibitor therapeutics market was valued at USD 3.1 billion in 2021 and is expected to reach USD 4.98 billion by 2029, registering a CAGR of 6.10% during the forecast period of 2022 to 2029.
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Spleen Tyrosine Kinase (Syk) Inhibitor Therapeutics Market Dynamics
Drivers
· High prevalence rate of cancer
The rise in prevalence rate of cancer will act as a major driver that will result in the expansion of the market's growth rate. Along with this, high prevalence rate of immune disorders will cushion the growth rate of spleen tyrosine kinase (Syk) inhibitor therapeutics market
· Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of spleen tyrosine kinase (Syk) inhibitor therapeutics market is the rising healthcare expenditure which helps in improving its infrastructure.
Furthermore, rising initiatives by public and private organizations to spread awareness and the rising number of geriatric population are the factors that will expand the spleen tyrosine kinase (Syk) inhibitor therapeutics market. Other factors such as continuously changing lifestyle and high disposable income will positively impact the spleen tyrosine kinase (Syk) inhibitor therapeutics market's growth rate.
Opportunities
· Rise in the investments and research funding for spleen tyrosine kinase (Syk) inhibitor therapeutics will flourish the growth rate
Also, the surging number of the strategic partnership with various public and private organizations and advancement in medical technology will provide beneficial opportunities for the spleen tyrosine kinase (Syk) inhibitor therapeutics market in the forecast period of 2022-2029.
COVID-19 Impact on Spleen Tyrosine Kinase (Syk) Inhibitor Therapeutics Market
Since its emergence in December 2019, the COVID-19 virus has spread to nearly every country on the planet, prompting the World Health Organization (WHO) to declare it a public health emergency. Due to the financial crisis and the delay in specialty healthcare delivery, while prioritizing COVID-19-related treatments, healthcare systems around the world have been severely disrupted in the aftermath of the coronavirus pandemic. Patients were unable to see their controls for a variety of reasons, including difficulty accessing a doctor, fear of infection transmission, inability to continue therapies and essential procedures due to pandemic restrictions. Such considerations may have a negative impact on the market of spleen tyrosine kinase (Syk) inhibitor therapeutics in recent months.
Table of Contents: Global Spleen Tyrosine Kinase (Syk) Inhibitor Therapeutics Market
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Spleen Tyrosine Kinase (Syk) Inhibitor Therapeutics in Healthcare Industry
7 Global Spleen Tyrosine Kinase (Syk) Inhibitor Therapeutics Market, by Product Type
8 Global Spleen Tyrosine Kinase (Syk) Inhibitor Therapeutics Market, by Modality
9 Global Spleen Tyrosine Kinase (Syk) Inhibitor Therapeutics Market, by Type
10 Global Spleen Tyrosine Kinase (Syk) Inhibitor Therapeutics Market, by Mode
11 Global Spleen Tyrosine Kinase (Syk) Inhibitor Therapeutics Market, by End User
12 Global Spleen Tyrosine Kinase (Syk) Inhibitor Therapeutics Market, by Geography
13 Global Spleen Tyrosine Kinase (Syk) Inhibitor Therapeutics Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports
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