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 Global Histone Deacetylase Inhibitors Market
Posted on : Wednesday, 18 December, 2019  09:31
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Global Histone Deacetylase Inhibitors Market was valued US$ 237.5 Mn in 2017 and is expected to reach US$ 1564.4 Mn by 2026, at CAGR of 26.57% during forecast period.Global Histone Deacetylase Inhibitors MarketRapidly increasing number of cancer patients across the nation and the need to improve the effectiveness of new advance therapies are the prime growth drivers of histone deacetylase inhibitors market. Also, increased R&D activities being carried out for the treatment of cancers & other diseases and increase in collaborations and investments in the HDAC manufacturing are proving to be the huge opportunities for the growth of this market. At the same time, reimbursement and uncertainty issues in regards to HDAC inhibitors are the limiting factor for the histone deacetylase inhibitors market.

The development of wearable technology and the incorporation of smart devices in fitness machines and gyms are boosting the histone deacetylase inhibitors market demand. Connected devices, such as activity trackers & smart watches, track the consumers’ performance and actual exercise timings. Additionally, the development of smart gyms and increasing consumption of household fitness machines help to raise the demand for histone deacetylase inhibitors. A number of manufacturers have launched smart exercising machines, such as Bluetooth dumbbells & connected rowing machines, to enhance the consumer experiences. Such as, Peloton introduced its home cardio bike that comprises a 22-inch touch screen display and supports the iOS application for tracking the performance.At the same time uncertainty issues and inadequate reimbursement for histone deacetylase inhibitors are likely to restrain the global market during the forecast period. Additionally, high costs associated due to the technical advancements therapies for cancer treatmentacross the globe

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