The global transforming growth factor beta market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Transforming growth factor (TGF) beta is molecules that are inhibited from the TGF-beta family. It is a highly pleiotropic cytokine and plays an important role in wound healing, angiogenesis, and cancer. The major factor driving the market growth is the rising prevalence of cancer across the globe.
According to the National Cancer Institute (NCI), it was estimated that 1,806,590 new cases of cancer will be diagnosed in the US with a mortality rate of 606,520 people in 2020. Additionally, the most common cancers are breast cancer, lung and bronchus cancer, and leukemia, among others. In men, prostate, lung, and colorectal cancers will account for an estimated 43% of all cancers diagnosed while for women, the three most common cancers include breast, lung, and colorectal which will account for an estimated 50% of all new cancer diagnoses in women in 2020.
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Furthermore, there were 18.1 million new cases and 9.5 million cancer-related mortalities globally in 2018 which is anticipated to rise to 29.5 million and the number of cancer-related mortalities to 16.4 million by 2040. Hence, the rising prevalence of cancer is increasing the demand for transforming growth factor betas to treat cancer progression, which in turn, is driving the growth of the market. Some key players in the market include Novartis International AG, and Eli Lilly and Co., among others.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Novartis International AG, and Eli Lilly and Co., among others.
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Global Transforming Growth Factor Beta Market Report by Segment
By Type
- Beta 1
- Beta 2
- Beta 3
- Beta 4
By Application
- Wound Healing
- Angiogenesis
- Cancer
- Others
Global Transforming Growth Factor Beta Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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