Global Acromegaly and Gigantism Drugs Market Size, Share, Types, Class, Applications, Manufacturers, Cost, Revenue and Forecast to 2025

Acromegaly is an uncommon hormonal disorder caused by excessive growth hormone development in adults. The acromegaly disorder is usually caused by a hypophyseal tumor. The term acro implies limbs and megaly implies expansion of; therefore, acromegaly refers to feet and hands and expansion. Gigantism is also a hormonal disease caused during teenage years by excessive growth hormone development. Overgrowth of abnormal height and bone characterize the disease. Acromegaly and gigantism are considered serious and lives-threatening disorders.

Over the forecast period, the global market for acromegaly and gigantism treatment is anticipated to increase at a steady CAGR. Acromegaly and Gigantism is a rare condition and the total incidence of acromegaly ranges from 3.8 to 14.7 cases per 1 lakh individuals per year, as per a journal, Pituitary. The disease's increased prevalence is one of the key factors expected to drive global acromegaly and gigantism market growth over the forecast period.

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The latest market-driven phenomenon is growing drug prominence over surgery. Even though there have been pharmacological therapies for acromegaly treatment for more than a couple of years, there is a steady increase in individual demand for such un-surgical options. The major reason for the choice shift may be ascribed to low acromegaly surgery survival rates.

Around 10 thousand pituitary tumors are successfully treated every year in America, as per the American Cancer Society. This tumor's high mortality rate is among the most essential factors that increase global market growth. In addition, the uptick in incidence of other chronic illnesses such as McCune-Albright syndrome, carney complex, development of new treatment therapy, etc. are factors expected to drive the growth of the global market for acromegaly and gigantism over the forecast period.

In many developing nations, lack of knowledge of the management and diagnosis of the disorder is the market's major restrictive factor.

Geographically, the treatment market for acromegaly and gigantism is fragmented into Asia Pacific, Middle East & Africa, North America, Latin America, and Europe. North America is expected to dominate the global market. Increasing prevalence of pituitary tumors in the region led to acromegaly and gigantism and is one of the key drivers of the region's market growth.

Additionally, sophisticated technology, high spending on health care, increased consciousness among people about disease treatment, etc. are some of the factors directly related to market growth in North America.

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Europe is also expected to hold a substantial share of the world market based on factors such as continued investment in healthcare in the region, new entrants ' emphasis, etc. Over the forecast period, the Asia Pacific market is expected to grow at a faster growth speed.

Asia Pacific is expected to have most lucrative business by implementing healthcare solutions for a better quality of life, growing awareness of healthcare, and increasing spending on healthcare, etc.

To sustain a substantial position in the market, major players are taking strategies steps such as develop cost efficient drugs, mergers and acquisitions, entering into partnerships etc. The key global players of Acromegaly and Gigantism Drugs market are Novartis AG, Ipsen, Pfizer Inc., Chiasma, Inc., Ionis Pharmaceuticals Inc., Crinetics Pharmaceuticals, and Midatech Pharma Plc.

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