Market Trends of Ubiquitin Proteasome Industry
This section covers the major market trends shaping the Ubiquitin Proteasome Market according to our research experts:
Cancer Holds Significant Share in the Treatment Market
- Globally, cancer is one of the leading causes of death. The disease witnessed significant growth in the last few decades, and it is expected to grow rapidly over the forecast period. The World Health Organization (WHO) estimates the rate of cancer number to increase to 70% over the next two decades.
- Additionally, the increased burden of several lifestyle disorders is also expected to drive the market. As per the American Cancer Society, in 2018, the United States witnessed around 164,690 new cases of prostate cancer, causing over 26,430 deaths. About 60% of the total prostate cancer cases diagnosed are among men aged 65 years or older. In order to tackle such challenges, extensive research in the field of therapeutics has been undertaken. Overall, with such a high prevalence rate of cancer across the world, the demand for Ubiquitin Proteasome is sure to rise, in turn, leading to the growth of this segment in the years to come.
North America Dominates the Global Ubiquitin Proteasome Market
The United States has witnessed a considerable rise in the number of cancer patients. According to the American Cancer Society, in 202, there will be approximately 89,500 cancer cases diagnosed and about 9,250 cancer deaths in adolescents and young adults (AYAs) ages 15 to 39 years in the US. Prostate and breast cancers are the most prevalent forms of cancer in the region.
Similarly, according to the National Institute of Health, approximately 1.2 million people in the United States are predicted to have Parkinson’s disease by 2030. It is the second-most common neurodegenerative disorder in the United States. In addition, there are thousands of patients who go undetected. As the aging population levels continue to grow, the number of people suffering from Parkinson's disease (PD) will continue to grow, and this is expected to double by 2040.
