Research Nester published a report titled “Acromegaly Treatment Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers a detailed overview of the acromegaly treatment market in terms of market by disease type, by treatment, by route of administration, by distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.
Acromegaly is a hormonal illness, one of the rare diseases, which is mostly diagnosed in middle-aged adults, categorized by deformations and exaggerated growth in the face and extremities. It is caused by excess production of growth hormones in the body.
The acromegaly treatment market is expected to observe an attainable high CAGR during the forecast period, i.e., 2020-2028. The market is segmented by disease type, treatment, route of administration, distribution channel, and region. Among treatment segmentation, the medication segment is projected to drive the global acromegaly treatment market on account of favorable factors such as the efficiency of drugs, non-invasive treatments, lesser side effects than radiation therapies, and strong pipeline portfolio in the sector are likely to contribute towards the overall growth of the acromegaly market globally.
Regionally, the acromegaly treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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The growth hormone deficiency market in the North-America region is expected to hold a major market share on account of rising awareness among people about the disease and its treatment, advanced technology, increase in healthcare expenditure, and favorable government policies in the region.
Europe, led by Germany, France, and the U.K., is anticipated to hold the second-largest market share in the acromegaly treatment market. Key factors attributing towards the growth include large healthcare facilities accompanied by many dominant market players operating in the market.
The Asia-Pacific region is estimated to witness the fastest growth during the forecast period owing to a growing economy, rising disposable income, rising population, growing awareness, R&D initiatives, and increasing investment by the pharmaceutical companies.
The Middle East and African regions are estimated to witness significant growth in the forecast period. Major contributor attributed towards the growth in these regions include wealthy Gulf economies of Saudi Arabia, Kuwait, UAE, and Qatar. However, the underprivileged African economies, together with poor social settings, might hamper the growth of the acromegaly treatment market in Africa.
The rise in technological and medical advancements globally is expected to drive the market growth.
Growing occurrences of acromegaly and other chronic hormonal diseases have led to improved medical and technological advancements in society to treat the diseases. With active support from the government, private organizations, public, and major players in the market, successful R&D has been initiated to find novel techniques and medications to cure the diseases.
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However, complications accompanying the treatment, such as the risk of infection, ache, and reduced immunity might hinder the growth of the overall acromegaly treatment market.
This report also provides the existing competitive scenario of some of the key players of the acromegaly treatment market which includes company profiling of Pfizer Inc. (NYSE: PFE), Chiasma Inc. (NASDAQ: CHMA), Novartis AG (SWX: NOVN), Ipsen Biopharmaceuticals Inc (EPA: IPN), Wockhardt. (NSE: WOCKPHARMA), Troikaa Pharmaceuticals Ltd., VHB Life Sciences Limited, GlaxoSmithKline plc. (LON: GSK), Amryt Pharma plc (LON: AMYT), Antisense Therapeutics Limited (ASX: ANP).
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