Description
Cystic Fibrosis (CF) Diagnostics Market size was valued at USD 7.13 billion in 2021, growing at a CAGR of 18% from 2022-28. Cystic fibrosis (CF) is a chronic, genetic disease that causes persistent lung infections and limits the ability to breathe over time. Several mutations in the gene is responsible for Cystic fibrosis that encodes cystic fibrosis transmembrane conductance regulator (CFTR) protein. Patients with CF have inherited two copies of the defective CF gene one copy from each parent. Both parents must have at least one copy of the defective gene. Currently there are approximately 70,000 people who are suffering from cystic fibrosis worldwide, according to the Cystic Fibrosis Foundation (CFF). Some of the popular methods of diagnosis are antenatal testing, carrier testing, and other tests such as genetic tests and sweat tests According to Cystic Fibrosis Foundation, the incidence of these hereditary disorders is constantly growing. The nonprofit organizations are investing huge amount of funds to find various therapeutics for CF and to support the research & developmental activities. This report studies global Cystic Fibrosis (CF) Diagnostics Market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged.
Key Developments:
In February 2018, Luminex’s xTAG Cystic Fibrosis 71 Kit v2 was approved for sale with LICENSALE.COM in Brazil.
In March 2017, Elucigene Diagnostics announced the official launch of new CF-Italia kit (CF1ITB1).
In April 2017, Elucigene Diagnostics partnered with Southern Cross Diagnostics in order to expand in Australia and New Zealand markets