Dendrimers and Polymer Drugs Conjugate Market – As Companies Committed for Di...
Recent years have witnessed numerous medical discoveries that have improved the drug manufacturing industries in numerous ways. One such breakthrough was the discovery of polymers and dendrimers that convert a series of disulfides to a single sulfide bond, thereby enabling the completion of important chemical reactions without affecting other components. The usage of dendrimers and polymers in the preparation of drugs for the treatment of essential medical conditions like sepsis, asthma, chronic obstructive pulmonary disease, and cystic fibrosis has gained ground over the past few decades. Polymers and dendrimers are used in the production of injectables and aerosols, in the manufacture of lubricants for heavy machinery, in the design of absorbents for pharmaceuticals, as lubricants in paints, and in the manufacturing of plastic materials. Polymers and dendrimers are also used to make foams, clogs, and filters for the packaging of medicines
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The growing prevalence of various chronic diseases around the globe is propelling the growth of the dendrimers and polymer drug conjugate market. The expansion of the medical sector is also fostering the growth of the market. Increasing diagnostic application due to growing prevalence is also augmenting the growth of the dendrimers and polymer drugs conjugate market. Dendrimers have structural flexibility which has potential for various medical and non-medical applications. a growing number of research by Several academic institutes and organizations for exploring the therapeutic and diagnostic properties of the dendrimer is again accelerating the growth of the dendrimers and polymer drugs conjugate market.
North America is projected to gain significant growth over the forecast period and this is attributed to the increasing spending on the pharmaceutical industry for research application in the region. The cost of developing a drug in the U.S is very expensive in terms of money and time. The monetary cost has increased from less than $200 million to over $2.6 billion per drug in 2019. The time cost is also massive. The pharmaceutical market in the United States is on a solid incline. It is projected that by 2023, Americans would spend between $635 and $655 billion on medicine. This represents a solid 29.6 – 33.7% increase in expenditure compared to 2019.
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Key Developments:
1. In February 2021, Starpharma announced that it has signed a Research Agreement with MSD, the tradename of Merck & Co., Inc., Kenilworth NJ USA. Under the agreement, MSD will conduct a preclinical research evaluation of dendrimer-based Antibody Drug Conjugates (ADCs) utilizing Starpharma’s proprietary DEP® technology
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Major Players Are: Starpharma Holdings Ltd., AstraZeneca Plc., Eli Lilly & Co., Nektar Therapeutics, Dade Behring, Stiefel Laboratories, Cerulean Pharma Inc., Merck KGaA, Qiagen and CTI Biopharma Corp.
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