Hedgehog Pathway Inhibitors Market Analysis

Indication Segment Analysis

The global hedgehog pathway inhibitors market is segmented and analyzed for demand and supply by indication into diagnostic procedures, fundoplication procedures, radiofrequency thermal ablation, and magnetic sphincter augmentation. Out of these segments, the diagnostic procedures segment is estimated to gain the largest market share over the projected time frame. Diagnostic procedures help to identify the disease or condition and to determine the symptoms before and after the disease. The rising awareness of targeting the hedgehog pathway in cancer is anticipated to augment segment growth during the forecast period. For instance, the diagnostic procedure for cancer includes single-photon emission computed tomography (SPECT), computed tomography (CT), positron emission tomography (PET), magnetic resonance imaging (MRI), and others. For instance, in 2019, in united states, nearly 250 CT scans were performed per 1000 people, while approximately in France, around 200 CT scans were performed per 1000 people.

Application Segment Analysis

The global hedgehog pathway inhibitors market is also segmented and analyzed for demand and supply by application into basal cell carcinoma, acute myeloid leukemia, and others. Amongst these segments, the basal cell carcinoma segment is expected to garner a significant share. The growth of the segment is ascribed to the higher prevalence of the basal cell carcinoma (BCC) in the global population, backed by the growth in the frequencies of UV rays emitted by sun that can cause several health risks. It was anticipated that approximately 3 million people in the United States are diagnosed with basal cell carcinoma annually. Basel cell carcinoma generally occurs in people aged above 50 years. Hence, such factors are expected to propel the growth of the market during the forecast period. 

Our in-depth analysis of the global market includes the following segments: