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(MoneyNewsWire.Net, January 24, 2018 ) The Global Histone Deacetylase Inhibitors market size was around USD XX billion in 2017. It is expected to grow at a CAGR of XX% to reach USD XX billion by 2022.
Browse Market data tables and in-depth TOC of the Global Histone Deacetylase Inhibitors Market to 2022 @ https://www.marketdataforecast.com/market-reports/histone-deacetylase-inhibitors-market-5473/
HDAC is an anticancer agent. It consists of a group of molecules. Chemically speaking these are basically enzymes with N-acetyl lysine amino acid present on a histone. They have a large number of applications in oncology. They are also used in the treatment of solid and haematological malignancies.
Increasing number of people affected by cancer, better funding and savoury government policies for R&D in the cancer treatment field, and high demand for efficient treatment with lower costs are the primary drivers of market growth.
Ambiguity in the reimbursement policies is the primary restraint of this market.
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The market is segmented by class and application. Classification by class entails Class I HDACs, Class II HDACs, and Class III HDACs. Classification by application entails Cancer, Central Nervous System Disorders, and Other Diseases.
Classification by geography entails North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America accounted for the largest market share. It is expected to retain its lead till 2022. Higher adoption rates in this region are the cause attributable to the observable trend mentioned above. Europe comes second by market share. It is however anticipated to experience slow growth in the forecast period. UK will lead the market in Europe. Asia Pacific is poised to for a robust growth trajectory in the forecast period. China will spearhead this growth spurt. Latin America and MEA continue to tail these leading regional markets in the forecast period.
Key players in the market are Merck & Co., Inc., Celgene Corporation, Eisai Pharmaceuticals. Other players in the market include Novartis, Acetylon Pharmaceuticals, Celleron Therapeutics, Envivo Pharmaceuticals and Pfizer, Inc.
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