DUBLIN--(BUSINESS WIRE)--The "Global Marine Pharmaceuticals Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
Global Marine Pharmaceuticals Market is projected to grow at a CAGR of 7.28% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend affecting this market is the preference for marine peptides as anti-infectives. Marine peptides can lead to the discovery of new anti-infectives to cater the demand for new and efficacious antimicrobial compounds.
According to the report, one driver influencing this market is the introduction of special drug designations. This orphan drug status enables the drug providers to get incentives in terms of marketing, intellectual property, and R&D. The orphan drug status will provide various advantages to the sponsors for product development. The developer can avail a 50% tax credit on the cost of clinical trials undertaken in the US. This designation also provides marketing exclusivity for seven years after the marketing approval.
Further, the report states that one challenge affecting this market is the regular supply of marine organisms and compounds. The uninterrupted supply of organisms and compounds in sufficient amounts is a challenge for the market. One of the major hurdles for the regular supply is the variability among the marine organisms itself. For instance, sponges produce a large number of bioactive metabolites. It is interpreted that bioactive metabolites serve as a chemical defense to combat environmental stress factors, i.e., competition for space and predation.
Key Vendors
- GlaxoSmithKline
- Jazz Pharmaceuticals
- PharmaMar
- Seattle Genetics
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Introduction
5. Market Landscape
6. Pipeline Landscape
7. Market Sizing
8. Five Forces Analysis
9. Market Segmentation by Application
10. Market Segmentation by Source
11. Customer Landscape
12. Regional Landscape
13. Decision Framework
14. Drivers and Challenges
15. Market Trends
16. Vendor Landscape
17. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/qlc4fl/global_marine?w=4
