The marine environment is a source of both biological and chemical entities. The drugs formulated through this marine source are called marine drugs. Marine drugs constitute high amount of therapeutic values. The process of developing and production of these drugs from sea is marine drug chemistry. Marine drugs are mostly used in prevention of cancer.
The global market for marine-derived drugs was around $5.3 billion in 2012. This global market is forecasted to reach $8.6 billion by 2016 at a compound annual growth rate (CAGR) of 12.5% for the five year period of 2011 to 2017.