According to Future Market Insights (FMI), the marine-based drug market is estimated to reach US$ 4,177.9 million in 2024 and US$ 9,275.9 million by 2034. The market is set to surge at a CAGR of 8.3% through 2034. The marine-based drug market is driven by the increasing need for novel therapies due to the surging incidence of chronic illnesses such as cancer and …
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Marine-based Drug Market to Top USD 9,275.9 Million by 2034 Due to Vast Untapped Potential of Marine Organisms as a Source of Novel Therapeutic Compounds
According to Future Market Insights (FMI), the marine-based drug market is estimated to reach US$ 4,177.9 million in 2024 and US$ 9,275.9 million by 2034. The market is set to surge at a CAGR of 8.3% through 2034. The marine-based drug market is driven by the increasing need for novel therapies due to the surging incidence of chronic illnesses such …