Growth and Differentiation Factor Market Analysis, Revenue
Growth Demand and Forecast - 2031
The global growth and differentiation factor market is
anticipated to grow at a significant CAGR during the forecast period (2024-2031).
Growth differentiation factors (GDFs) are a subfamily of the transforming
growth factor-beta superfamily of proteins that have a role in tissue
development and cancer. The market is mainly driven due to the increasing
prevalence of ovarian and breast cancer coupled with rising awareness regarding
breast cancer.
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In the UK, female breast cancer is the most common type of
breast cancer and accounts for 552,000 of new cancer cases every year, as per
the Cancer Research UK. Female breast cancer accounted for 11,399 fatalities in
the UK, between 2015-2017. Moreover, the expenditure on breast cancer by the
government and private industries for therapeutics and medicines supports the
growth of the market. The global expenditure such as the total funding of
government organizations and private organizations on breast cancer is high
compared to other cancers. In October 2019, the Breast Cancer Research
Foundation (BCRF) announced its $66 million commitment to fund breast cancer
research for 2019-2020. The grants will support the work of nearly 275
scientists at leading academic and medical institutions across the globe. The
world’s breast cancer organization Susan G. Komen, announced the research
funding of $30.7 million for 98 research grants in 2017. The organization also
focuses on new treatment and understanding of the most mortal forms and stages
of breast cancer. Susan G. Komen provides funds for breast cancer research in
27 states and 7 countries including the US, Middle East and Latin America. It
also involves in research for new screening technologies, treatments for
metastatic types of breast cancer and differences in breast cancer
consequences. The research funding opportunity is expected to offer an
opportunity for the development of novel GDF therapies. This, in turn, will
likely accelerate the growth of the global growth and differentiation factor
market.
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Market Coverage
Segment Covered-
Regions Covered-
Competitive Landscape- Pfizer Inc, Merck & Co,
Inc., and Novartis International AG, among others.
o Deviation
from the pre-COVID-19 forecast
o Most
affected region and segment
Global Growth and Differentiation Factor Market Report by
Segment
By Product hhhType
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