Enzyme Inhibitors Market Size

Enzyme Inhibitors Market Analysis

The enzyme inhibitors market is projected to register a CAGR of 3.95% during the forecast period.

• The COVID-19 pandemic had a significant impact on the enzyme inhibitors market. With the emergence of the infectious and virulent coronavirus in the past year, it became essential to understand the cause of the infection. Enzyme inhibitors have helped investigate the enzymes responsible for allowing viral entry and the potential for inhibition to reduce the severity or prevent COVID-19.
• For instance, a study published by Elsevier Public Health Emergency Collection in October 2021 identified enzymes responsible for SARS-CoV-2 viral entry into cells and compounds proposed to inhibit viral access to treat COVID-19 infection. Thus, the increasing number of COVID-19 cases led to a growing demand for enzyme inhibitors. However, due to the increased vaccination and availability of other drugs for COVID-19 treatment, the market has lost some traction gained during the pandemic. Nevertheless, the market is expected to have favorable growth due to the presence of other infections over the forecast period.
• The growth of the enzyme inhibitors market can also be attributed to the increasing demand for effective and accurate drugs, the exponential rise in diseases like cancer, and rising global agricultural activities and pharmaceutical establishments. For example, cancer is a complex multifactorial disease that results from alterations in many physiological and biochemical functions. Cancer cells can acquire multidrug resistance to conventional anticancer drugs, resulting in tumor relapse. Thus, there is a continuous need to discover new and effective anticancer drugs, which is expected to increase the demand for enzyme inhibitors and drive the market's growth. The rising trend of launches, acquisitions, and collaborations in the pharmaceutical industry also drives the market's growth.
• The Cancer Facts & Figures 2023 data published by the American Cancer Society shows an estimated 1.9 million new cancer cases diagnosed and 609,820 cancer deaths in the US in 2023. The exponential rise in the prevalence of diseases like cancer is expected to drive the market's growth. In April 2021, Artios Pharma Limited collaborated with Novartis International AG to uncover and verify new generation DDR targets to advance Novartis' Radioligand Therapies. Additionally, in March 2021, Amgen Inc acquired Rodeo Therapeutics Corporation, recognizing the potential value and differentiated profile of Rodeo's lead 15-prostaglandin dehydrogenase inhibitor program.
• However, the patent expirations of enzyme inhibitor drugs and the availability of low-cost generic drugs restrain the market growth. Overall, the enzyme inhibitors market is expected to grow over the forecast period, driven by the factors mentioned above.