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Type: PDF
Status: Syndicate
Categories: Biotechnology
Report Code : BT23
No. of Pages : 150
Acromegaly is a hormonal disease caused owing to the exaggerate production of growth hormone by pituitary gland in adults and changes the physical appearance and affects internal organs of patients. It is commonly caused by benign pituitary tumor. Few symptoms of acromegaly include enlargement of feet and hands, also it may cause changes in shape of face.
The global acromegaly treatment market in 2023 was approximately USD 1300 million. The market is expected to grow at a CAGR of 7.8% and is anticipated to reach around USD 2400 million by 2030.
The increasing awareness regarding the acromegaly and growth in the rates of screening is among the major driver of the acromegaly treatment market. Moreover, advancements in surgery and rising alternatives, such as radiation therapy, medications and others, is compelling the acromegaly treatment market. Advancements in medications, such as the development of antagonists, such as somatostatin analogues, dopamine agonists and GH receptor antagonists, which are the synthetic forms of natural hormones which limit the production of GH, is propelling the acromegaly treatment market. But, complication in prognosis that has to be done on based on the individual is restricting the market.
The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product. Key players in the market are Troikaa Pharmaceuticals Ltd., Novartis, IPSEN, Pfizer, Chiasma Inc., Novartis AG, VHB Life Sciences Limited, GlaxoSmithKline plc, and Amryt Pharma plc, Wockhardt and Others.
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