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Carcinoid Syndrome Management Market Emerging Trends and Top Key Players to Watch- Novartis International, Pharmascience, Omega Laboratories, Teva Pharmaceutical in 2017-2027

04-08-2019 02:58 PM CET | Industry, Real Estate & Construction

Press release from: Carcinoid Syndrome Management market

Carcinoid Syndrome Management Market Emerging Trends and Top

Carcinoid syndrome comprises of signs and symptoms such as flushing of the face, debilitating diarrhea, asthma caused due to vasoconstriction, intestinal bleeding, fast heartbeat, shortness of breath, sweating, unexplained weight gain etc. which are developed secondary to carcinoid tumor. The term ‘carcinoid crisis’ is used when all the symptoms of carcinoid syndrome show at a time. Carcinoid tumors arise out of neuroendocrine cells which are present all over the human body and most commonly occur at stomach, small intestine, colon, appendix or lungs and rarely in pancreas, testicle and ovaries. However, carcinoid syndrome may also arise due to cause other than carcinoid tumor. Patient has to seek symptomatic treatment for carcinoid syndrome and there is no cure for the symptoms of carcinoid tumor. If carcinoid tumor is not detected, carcinoid syndrome can be undiagnosed as its symptoms resemble to those of asthma, irritable bowel disease and menopause. However, patient often receives delayed treatment for carcinoid syndrome as tumors do not show significant symptoms until they are not confined to small bowel or other site of tumor origin. The management of carcinoid syndrome often requires palliative and supportive care. Management of carcinoid syndrome involves drug therapy or surgical removal of carcinoid tumor. Some of the commercially available chemotherapeutic agents for management of carcinoid syndrome include Sandostatin (Novartis AG), Somatuline Depot (Ipsen Biopharmaceuticals, Inc.) etc.

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Carcinoid Syndrome Management Market: Drivers and Restraints

The primary factor driving the growth of global carcinoid syndrome market is incidence of carcinoid tumor. As per National Institute of Health statistics, worldwide incidence of carcinoid tumor is 2 per 100,000 person with high incidence of GI carcinoid tumors. Every year over 8,000 patients in the U.S are diagnosed with carcinoid tumor in GI tract. Other factors influencing the global carcinoid syndrome management market include increasing incidence of hormonal disorders, growing smoking habits, levels of carcinogen in highly developed countries etc. The only factor restraining the growth of global carcinoid syndrome management market is no availability of drugs approved to manage carcinoid syndrome.

Carcinoid Syndrome Management Market: Segmentation

Tentatively, the global carcinoid syndrome management market has been segmented on the basis of treatment type, distribution channel, and geography.

Based on Treatment type, the global carcinoid syndrome management market is divided into following:

Chemotherapy

Octreotide

Lanreotide

Others

Biological Therapy

Interferone alfa-2-a

Hepatic Artery Embolization Agents

SIR-Spheres

TheraSphere

Based on distribution channel, the global carcinoid syndrome management market is segmented as below:

Hospital pharmacy
Retail Pharmacy
Prescription Drug Stores

Carcinoid Syndrome Management Market: Overview

The global market for carcinoid syndrome management is highly consolidated and very few number of players constitute the entire market. Chemotherapy treatment type segment is expected to dominate the global market for carcinoid syndrome management over the forecast period as chemotherapy is used as a first line treatment. Newly introduced hepatic artery embolization agents are expected to gain the significant share in the global market over the period of 2017–2027. The market is expected to grow at an average CAGR due to increasing awareness towards the symptoms of carcinoid tumor among the general population.

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Carcinoid Syndrome Management Market: Regional Outlook

Geographically, carcinoid syndrome management market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to be the leader in global carcinoid syndrome management market owing to increasing caseload of carcinoid tumor in the U.S. The market in Asia Pacific and Japan is expected to grow at significant CAGR due to availability of generic formulations of innovator drugs in these regions. Europe is expected to take second largest share in the global carcinoid syndrome management market.

Carcinoid Syndrome Management Market: Key Players

Some of the major players in the global carcinoid syndrome management market are Novartis International AG (Sandoz), Pharmascience Inc., Omega Laboratories Ltd., Teva Pharmaceutical Industries Ltd., Mylan N.V., Ipsen Biopharmaceuticals, Inc., Sirtex Medical Limited, BTG International Ltd. among others. Companies that provide generic chemotherapeutic agents include Wockhardt Ltd., Sun Pharmaceutical Industries Limited, Sagent Pharmaceuticals, Inc., Sun Pharmaceutical Industries Ltd. etc.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies

The main aim of the report is to:

Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.

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