openPR Logo
Press release

Octreotide Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

06-27-2018 03:26 PM CET | Health & Medicine

Press release from: Coherent Market Insights

Octreotide Market - Size, Share, Outlook, and Opportunity

Octreotide is an octapeptide that resembles natural somatostatin pharmacologically. Octreotide acetate is widely used in treatment of some types of cancers, diarrhea, and tumors such as carcinoid, pancreatic islet cell tumors, and vasoactive intestinal peptide secreting tumors. Octreotide acetate is also used to treat acromegaly when the body produces excess of growth hormone, which causes enlarged feet, hands, face, and head.

Request Sample Copy of this Business Report @ https://www.coherentmarketinsights.com/insight/request-sample/1836

Major driver for growth of the Octreotide market is the robust pipeline of drugs in clinical trials. For instance, in 2016, Mario Negri Institute for pharmacological research completed phase 2 clinical trials of its Octreotide LAR in combination with tolvaptan drug for the treatment of autosomal dominant polycystic kidney disease. This disease has an effect on the glomerular rate and total kidney and cystic volume. Octreotide sponsored by Radbound University is in phase 3 clinical trials from 2016. This drug is under clinical trial for the treatment of angiodysplasia, vascular malformations, gastrointestinal hemorrhage, and anemia with Octreotide. Injection Octreotide, sponsored by PVS memorial hospital is in phase 4 clinical trials since 2016. This injection is indicated for treatment of pancreatic fistula and complications of pancreatoduodenectomy among patients with soft pancreas. Furthermore, CAM2029 is being tested, currently in phase 2, for acromegaly and neuroendocrine tumors by Camurus AB in collaboration with Novartis AG. Octreotide chloride is the active ingredient for this product.

Increasing number of launches pertaining to novel Octreotide acetate products by key players in the market is expected to drive market growth. For instance, in 2013, Sagent Pharmaceuticals, a U.S.-based biopharmaceutical company, launched its new drug Octreotide acetate, a samatostatin analog. This drug is used to reduce blood levels of IGF-I (soatomedinC) and growth hormone in acromegaly patients who do not adequately respond to or who cannot be treated by surgery, irradiation and bromocriptine mesylate.

Increasing prevalence of disease such as acromegaly and cancer, is expected to increase the demand for Octreotide drugs, which in turn is expected to fuel market growth. According to a survey conducted by National Institute of Health in 2015, over 4 million people suffer from acromegaly in the U.S.

Click To Continue Reading @ https://www.coherentmarketinsights.com/ongoing-insight/octreotide-market-1836

Lack of research and development for Octreotide acetate for the treatment of children, lactating and pregnant women is a major restraining factor in this market. Moreover, consumption of Octreotide acetate by pregnant women can cause problems in the growth of the fetus and hence, its adoption is limited among pregnant woman.

Key players operating in the Octreotide market include Samarth Pharma Pvt Ltd., Sun Pharmaceuticals Industries Ltd., Neiss Labs Pvt. Ltd., Novartis AG, and Unique Chemical Ltd.

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Visit Blog: https://healthcaremarketconsulting.blogspot.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Octreotide Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026 here

News-ID: 1100571 • Views: 295

More Releases from Coherent Market Insights

Racing Drones Market is Projected to Reach US$ 2,143.9 Million by 2026 | DJI, Pa …
The latest report by Coherent Market Insights, titled "Global Racing Drones Market Trends, Types, Report and Forecast 2022-2026," provides a detailed analysis of the market, evaluating it based on sales revenue, growth strategies, sales pattern, production, consumption, and supply-demand analysis of the industry with recent developments. The research explores the effects of the most recent market developments on the overall industry. Along with analysing the market using the SWOT and
ZigBee Market Revenue, Growth Opportunities and Business Development by 2028 | I …
The latest report by Coherent Market Insights, titled "Global ZigBee Market Trends, Types, Report and Forecast 2022-2028," provides a detailed analysis of the market, evaluating it based on sales revenue, growth strategies, sales pattern, production, consumption, and supply-demand analysis of the industry with recent developments. The research explores the effects of the most recent market developments on the overall industry. Along with analysing the market using the SWOT and Porter's
Indoor Positioning and Indoor Navigation (IPIN) Market Continues To Grow Owing T …
The "Indoor Positioning and Indoor Navigation (IPIN) Market" research report offers important information about the state of the sector. This research offers in-depth details on the industry's foundation, productivity, strengths, manufacturers, and current trends that support business expansion and economic strength. The study makes an effort to maintain a thorough analysis and offer a geographical overview of the worldwide Indoor Positioning and Indoor Navigation (IPIN) Market. The report covers key
Clear Aligners Market will generate new growth opportunities 2022-2028 | Align T …
Clear Aligners Market report studies the Clear Aligners with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Clear Aligners Market analysis segmented by companies, region, type and applications in the report. The research focuses on the drivers and restraints that impact market dynamics

All 5 Releases