The global small-molecule tyrosine kinase inhibitor market is expected to grow at a significant CAGR  of 7.3% during the forecast period. TKIs (tyrosine kinase inhibitors) are small molecules that block intracellular signalling pathways in tumour cells, causing deregulation of key cell functions such as proliferation and differentiation. Furthermore, small-molecule inhibitors (SMIs) are among the most effective drugs for targeted cancer therapy, according to the National Center for Biotechnology Information (NCBI). As a result, the rising prevalence of cancer is increasing demand for small molecule tyrosine kinase inhibitors, which is propelling the global small molecule tyrosine kinase inhibitor market forward.

Furthermore, there were 18.1 million new cancer cases and 9.5 million cancer-related mortalities across the globe in 2020, with the number of cancer-related mortalities expected to rise to 29.5 million and 16.4 million by 2040. To stay competitive, market players are adopting various strategies such as mergers and acquisitions, geographical expansion, partnerships and collaborations, and new product launches, which contribute significantly to market growth.

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Market Coverage

  • The market number available for – 2023-2030
  • Base year- 2022
  • Forecast period- 2024-2030

Segment Covered- 

  • By Type
  • By Application

Regions Covered-

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape-Merck Group, Novartis AG, Pfizer Inc., Sanofi SA, GlaxoSmithKline plc.

Small Molecule Tyrosine Kinase Inhibitor Market Segmentation

 By Type

  • Phase1
  • Phase1/2
  • Phase2 
  • Phase2/3 
  • Phase3

By Application

  • Lung cancer
  • Breast cancer
  • Others

A full Report of Small Molecule Tyrosine Kinase Inhibitor Market is Available @  https://www.omrglobal.com/industry-reports/small-molecule-tyrosine-kinase-inhibitor-market

Regional Analysis                                                                                                                                                                            

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

Company Profiles 

  • Merck Group
  • Novartis AG
  • Pfizer Inc.
  • Sanofi SA
  • GlaxoSmithKline PLC
  • Biogen Idec
  • Bayer Healthcare Pharmaceuticals
  • Johnson & Johnson, Inc.
  • Tolero Pharmaceutical

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