Closer Look at CXCR4 Antagonists: A Promising Future for Cancer Patients
According to the Univdatos Market Insights analysis, the rise in prevalence of cancer, and HIV, increasing penetration of CXCR4 antagonists, expansion of combination therapy, and increasing focus towards research and development drive the CXCR4 antagonist market. As per their “CXCR4 antagonists Market” report, the global market was valued at USD 507.04 million in 2023, growing at a CAGR of about 12.37% during the forecast period from 2024 - 2032 to reach USD million by 2032.
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Increasing Prevalence of Cancer is driving high demand in Canada
Cancer has become more prevalent in Canada, and therefore there is a need to come up with new treatments like CXCR4 antagonists. Given the increase in cancer incidence, there is a pressing need to develop appropriate treatments for different types of cancer. For instance, according to “GLOBOCAN 2022” statistics, there is a rise in colorectal cancer among younger adults (younger than 50 years at diagnosis) in many high-income countries, including the United States, Canada, and Australia, with the incidence rising by 1%–4% per year. CXCR4 antagonists are being developed for the treatment of oncology since the receptor is involved in controlling growth and metastatic patterns. In recent years targeted CXCR4, investigations have revealed that targeting the CXCR4 receptor can improve the effectiveness of conventional therapies for treatment, including chemotherapy, by interrupting the tumor microenvironment conditioning process. For instance, observations show that CXCR4 antagonists decrease the migration of tumor cells and enhance the treatment outcomes from conventional treatments in cancer types such as breast and colorectal cancers.
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