Growth/Differentiation Factor 8 Market size was valued at USD output current value here in 2024 and is projected to reach USD output forecast value here by 2033, exhibiting a CAGR of output cagr value here% from 2026 to 2033.
In 2022, the global Growth/Differentiation Factor 8 (GDF8) market was valued at approximately USD 8.5 billion and is projected to reach USD 15.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2030. North America held the largest market share, accounting for around 40% of the global revenue, with a market size of USD 4.8 million in 2023. Europe followed with a share of over 30%, translating to a market size of USD 3.5 million in 2023. The Asia Pacific region accounted for approximately 23% of the market, valued at USD 3.1 million in 2023, and is anticipated to grow at a CAGR of 6.0% from 2024 to 2031. Latin America and the Middle East & Africa held smaller portions, with market shares of more than 5% and around 2%, respectively, and projected CAGRs of 3.4% and 3.7% during the same period. The Asia Pacific region is expected to exhibit the highest growth rate, driven by increasing healthcare expenditure, growing awareness of advanced diagnostic tools, and expanding research activities in emerging economies such as China and India. In India, for instance, public spending on healthcare reached 2.1% of GDP in FY23, up from 1.6% in FY21, as outlined in the Economic Survey 2022 23. In the Union Budget 2023 24, the government allocated Rs. 89,155 crore (US$ 10.76 billion) to the Ministry of Health and Family Welfare (MoHFW). These investments foster research and development endeavors for advanced medical therapies, including those addressing muscle disorders, thereby propelling market growth. Additionally, the regions rapidly developing healthcare infrastructure and the rising prevalence of chronic diseases create a conducive environment for the adoption of GDF8 related treatments.
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Acceleron Pharma
Inc
Atara Biotherapeutics
Inc
Bristol-Myers Squibb Company
Eli Lilly and Company
Milo Biotechnology LLC
Pfizer Inc
Regeneron Pharmaceuticals
Inc
Sarepta Therapeutics
Inc
Scholar Rock
Inc
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Growth/Differentiation Factor 8 Market
Recombinant GDF-8
Natural GDF-8
GDF-8 Modulators
Therapeutics
Research and Development
Pharmaceutical Companies
Biotechnology Firms
Academic and Research Institutions
Contract Research Organizations (CROs)
Injectable
Oral
Topical
Inhibition of Myostatin Activity
Signal Transduction Modulation
Receptor Binding Agents
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Growth/Differentiation Factor 8 Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Growth/Differentiation Factor 8 Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Growth/Differentiation Factor 8 Market, By Type
6. Global Growth/Differentiation Factor 8 Market, By Application
7. Global Growth/Differentiation Factor 8 Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Growth/Differentiation Factor 8 Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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