Acromegaly Market Research Report- Global Forecast Till 20230

Acromegaly Market Information: By Types (Ectopic Acromegaly, Acromegaly Due to Growth Hormone), By Diagnosis (Medical Imaging, Medical Laboratory Investigations), By Treatment (Medications, Surgery, Radiation Therapy), By End Users (Hospitals, Clinics) - Global Forecast till 2030

ID: MRFR/Pharma/3020-HCR | November 2022 | Region: Global | 85 Pages         

Acromegaly Market

The Acromegaly Market size is expected to grow at a CAGR of 5.10% and market value estimated to USD 767.5 Million during the forecast period

Segmentation

By Types Ectopic Acromegaly Acromegaly Due to Growth Hormone
By Diagnosis Medical Imaging Medical Laboratory Investigations
By Treatment Medications Surgery Radiation Therapy
By End Users Hospitals Clinics

Key Players

  • Novartis AG (Switzerland)
  • Aegis Therapeutics LLC (US)
  • Chiasma Inc (US)
  • Crinetics Pharmaceuticals Inc (US)
  • Daewoong Pharmaceutical Co Ltd (South Korea)
  • Peptron Inc (South Korea)
  • Silence Therapeutics Plc (UK)
  • Strongbridge Biopharma plc (US)
  • Amryt Pharma plc (UK)
  • Foresee Pharmaceuticals LLC (US)
  • Others

Drivers

  • Presence of Government support
  • Availability of funds for research development
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Acromegaly Market Overview:


The Acromegaly Market is projected to reach USD 767.5 Million by 2030 at 5.10% CAGR during the forecast period 2022-2030. Acromegaly is a hormonal problem that outcomes from weighty emission of development chemicals (GH) in the body. The pituitary organ in the cerebrum secretes GH. In acromegaly, the pituitary produces unnecessary measures of GH. Normally, the overabundance of GH comes from harmless or noncancerous growths on the pituitary. These harmless cancers are called adenomas. Acromegaly is one of the intriguing illnesses, which is most frequently analyzed in moderately aged grown-ups and influences 5-8 individuals for every 1 lakh individuals.


If the sicknesses are not treated, it can bring about difficult diseases and sudden passing. The most genuine well-being outcomes of the sickness might result in hypertension, type 2 diabetes, the expanded hazard of cardiovascular infection, joint inflammation, and others. The significant driving elements for the market are expanding commonness of acromegaly, evolving way of life, and expanding hereditary occurrence of hereditary infections. Also, expanding commonness of hormonal infections, for example, endocrine sicknesses and hypopituitarism, expanding government backing and fast improvements in innovation have fuelled the development of the market.


Covid-19 Analysis:


Most enterprises across the world have been contrarily affected in the course of the most recent year and a half. This can be ascribed to critical interruptions experienced by their particular assembling and production network activities because of different preparatory lockdowns, as well as different limitations that were implemented by overseeing specialists across the globe.


A similar applies to the worldwide Acromegaly Treatment market. Additionally, shopper request has likewise, along these lines, decreased as people are presently quicker on disposing of unnecessary costs from their particular spending plans as the overall monetary status of most people have been seriously impacted by this flare-up.


These previously mentioned components are relied upon to trouble the income direction of the worldwide Acromegaly Treatment market over the conjecture timetable. Be that as it may, as individual administering specialists lift these implemented lockdowns, the worldwide Acromegaly Treatment market is relied upon to recuperate as needs are.


Chief Factors Existing in The Acromegaly Market:



  • Key Market Drivers:


Segment drivers incorporate the maturing of the total populace and the developing medical care use all over the planet. The backslide rates for Cushing's Syndrome and Acromegaly after the medical procedure is pretty much as high as 15 to 20 %, which is one more driver of the Cushing's Syndrome and Acromegaly therapy market.


New medications in the market enlarge the selection of treatments for specialists and patients. In 2017, Midatech Pharma PLC submitted a preliminary clinical application in the human investigation of the Q-Octreotide (MTD201) program in malignant growth and acromegaly, and presently it has gotten oral affirmation from Polish controllers for its endorsement in January 2018.


Besides, Chiasma Inc's new oral upkeep treatment for acromegaly treatment named Mycapssa has finished a global Phase 3 preliminary and further directing a worldwide Phase 3 clinical preliminary under a convention acknowledged by the European Medicines Agency (EMA) for grown-up patients with acromegaly is likewise expected to help the development of acromegaly treatment market over the estimate time frame. A lapse of medication licenses during the conjecture time frame can hamper the market briefly.



  • Acromegaly Market Challenges:


The rising mindfulness about acromegaly and an expansion in the paces of screening are among the superb driver of the acromegaly treatment market. In addition, headways in a medical procedures and the development of other options, like radiation treatment, meds and others, are driving the acromegaly therapy market. Free improvements in clinical conclusion, for example, attractive reverberation imaging and the IGF1 and GH concealment test, give the most touchy and particular means for the testing of acromegaly.


Headways in meds, which incorporate the improvement of adversaries, for example, somatostatin analogs, dopamine agonists and GH receptor bad guys, which are the manufactured types of normal chemicals that limit the development of GH, is driving the Acromegaly Treatment market towards painless medicines, particularly in situations where the medical procedure isn't plausible.



  • Market Opportunities:


Innovation gains in the huge market a potential open door for their Cushing's Syndrome and Acromegaly market outlook. The advancement of designated drug treatment with insignificant incidental effects is relied upon to drive the reception of Cushing's Syndrome and Acromegaly treatment items. The help to vagrant infections and imaging by the states of various nations is different variables expected to support the development of the market for Cushing's Syndrome and Acromegaly treatment.



  • Acromegaly Market Restraints:


The high achievement pace of treatment is driving the reception of acromegaly treatment, and future after the effective treatment of acromegaly is equivalent to typical.


In any case, the significant expense of a medical procedure, which goes from USD 3000 to USD 9,000, and trouble in visualization that must be done on a singular premise are among the factors expected to control the development of the Acromegaly Treatment market. Besides, entanglements related to the treatment, like the gamble of disease, torment and disabled insusceptibility, are probably going to control the development of the acromegaly treatment market.


Acromegaly Market Segmentation:


Acromegaly market share is fragmented based on types, analysis, treatment, and end clients.


Based on types, the market is fragmented into ectopic acromegaly, acromegaly because of the development of chemicals, and others.


Based on the diagnosis, the Acromegalymarket analysis is fragmented into clinical imaging, clinical lab examinations, and others. Clinical imaging is additionally divided into radiography, attractive reverberation imaging (MRI), atomic medication, ultrasound, and others.


Based on treatment, the market is portioned into drugs, medical procedures, radiation treatment, and others. The medicine is additionally portioned into somatostatin analogs, dopamine agonists, development chemical receptor enemies, and others. The medical procedure is additionally sectioned into the endonasal transsphenoidal medical procedure and transsphenoidal medical procedure.


Based on end user, the market is sectioned into medical clinics, facilities, and others.


Acromegaly Market Regional Analysis:


Topographically, the acromegaly market growth is fragmented into five significant areas, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa district.


North America, overwhelmed by the U.S., represents the biggest market in the worldwide acromegaly treatment market in the gauge time frame. This is credited to variables, for example, the accessibility of repayment, ideal government arrangements, an expansion in the event of pituitary growths in the district prompting acromegaly and gigantism, innovative progressions, and rising mindfulness among individuals around the conclusion of the infection in the locale.


Europe is the second biggest income supporter in the worldwide acromegaly treatment market, which is assessed to be driven by Germany, France, and the U.K. The European areas have a huge medical care foundation with numerous predominant market players working on the lookout.


Asia-Pacific is assessed to develop at a quick rate during the conjecture time frame. Factors like a developing economy, rising discretionary cash flow, expanding populace, rising mindfulness, R&D drives, and expanding ventures by the drug organizations are projected to introduce worthwhile learning experiences during the figure time frame.


In the Middle East and Africa, the acromegaly treatment market is relied upon to be overwhelmed by the prosperous Gulf economies of Saudi Arabia, Kuwait, UAE, and Qatar. Notwithstanding, the oppressed pay of African economies, along with unfortunate group environments, could hinder the acromegaly treatment market in Africa.


Acromegaly Market Competitive Landscape:


Some of key the players included in the acromegaly market value are Novartis AG (Switzerland), Aegis Therapeutics LLC (US), Chiasma Inc (US), Crinetics Pharmaceuticals Inc (US), Daewoong Pharmaceutical Co Ltd (South Korea), Peptron Inc (South Korea), Silence Therapeutics Plc (UK), Strongbridge Biopharma plc (US), Amryt Pharma plc (UK), Foresee Pharmaceuticals LLC (US), Glide Pharmaceutical Technologies Ltd (US), Ionis Pharmaceuticals Inc (US), Ipsen SA (France)


Recent Market Developments:



  • Mar 2020: Chiasma, a clinical-stage biopharmaceutical organization, is fostering an oral type of the medication octreotide for the upkeep treatment of acromegaly in grown-ups which is not yet supported by the U.S. FDA. As per their exploration, octreotide containers can possibly function as an option in contrast to flow infusion treatment.

  • Mar 2019: Ipsen communicated their EU send-off of another pre-filled needle for the drug Somaline, which is utilized for the treatment of acromegaly.


Acromegaly Market Report Overview:


Acromegaly market forecast report gives an exhaustive comprehension of Acromegaly by including subtleties like sickness definition, side effects, causes, pathophysiology, determination, and therapy. Acromegaly is an intriguing, gradually moderate, obtained problem that influences grown-ups.


The pituitary organ delivers an excessive amount of development chemicals (GH). The pituitary organ is a little organ situated close to the foundation of the skull that stores a few chemicals and deliveries them into the circulatory system on a case-by-case basis by the body. These chemicals direct a wide range of physical processes.


In many patients, acromegaly market trends are brought about by the development of a harmless growth (adenoma) emerging from the pituitary organ. Side effects of acromegaly remember the strange expansion of bones of the hands, arms, feet, legs, and head. Growth of the bones in the jaws and the front of the skull are normally the most obvious hard changes.


Normal signs and side effects of acromegaly are developed hands and feet. For instance, patients can't put on rings that used to fit, and the shoe size has logically expanded. It might likewise cause continuous changes in the face shape, for example, a projecting lower jaw and temple bone, an expanded nose, thickened lips, and more extensive separation between the teeth.


Key Segments:


On the basis of product type, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:



  • Somatostatin Analogues

  • Dopamine Agonists

  • Growth Hormone Receptor Antagonists

  • Other


On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:



  • Hospitals

  • Clinics


Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Acromegaly in these regions



  • North America (the United States, Canada and Mexico)

  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

  • South America (Brazil, Argentina, Columbia etc.)

  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)



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Frequently Asked Questions (FAQ) :

Acromegaly market is projected to grow at a 5.10% CAGR between 2022-2030.

The Americas is expected to dominate the acromegaly market.

Major end users of acromegaly market include clinics, hospitals, and others.

High surgery cost and unavailability of precise treatment are factors that may limit the acromegaly market growth.

Key players profiled in the acromegaly market include Ipsen SA (France), Ionis Pharmaceuticals Inc (US), Glide Pharmaceutical Technologies Ltd (US), Foresee Pharmaceuticals LLC (US), Amryt Pharma plc (UK), Strongbridge Biopharma plc (US), Silence Therapeutics Plc (UK), Peptron Inc (South Korea), Daewoong Pharmaceutical Co Ltd (South Korea), Crinetics Pharmaceuticals Inc (US), Chiasma Inc (US), Aegis Therapeutics LLC (US), and Novartis AG (Switzerland).