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Acromegaly Market Report 2023-2032: Market Size, Growth Drivers And Key Trends

12-12-2023 07:11 AM CET | Health & Medicine

Press release from: The Business research company

Acromegaly

Acromegaly

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Acromegaly Global Market Report 2023 identifies hormonal diseases as the major driver for the Acromegaly market's growth in the forecast period. Hormonal diseases, also known as endocrine disorders, are medical conditions that result from dysfunction in the endocrine system. Diabetes is one of the most prevalent and significant hormonal diseases. Acromegaly and other endocrine diseases can result from the overproduction of some hormones, such as growth hormone or cortisol.
The acromegaly market size has grown rapidly in recent years. It will grow from $1.79 billion in 2023 to $2.15 billion in 2024 at a compound annual growth rate (CAGR) of 19.8%. The growth in the historic period can be attributed to increasing prevalence of acromegaly therapeutics, growing awareness about acromegaly, government initiatives, demand for effective treatments.

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Major competitors in the Acromegaly market are Pfizer Inc., Johnson & Johnson Private Limited, Merck & Co Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi S.A., AstraZeneca PLC.

A key trend in the Acromegaly market includes genetic abnormalities. Genetic abnormalities, frequently referred to as genetic defects or genetic disorders, are changes or mutations that occur in the DNA sequence of a person's genes and may result in abnormal features, functions, or characteristics. Acromegaly results from the excessive production of growth hormone (GH) by the pituitary gland, frequently due to noncancerous adenomas, which can arise sporadically or be linked to specific genetic abnormalities. For instance, in February 2022, according to the World Health Organization (WHO), a Switzerland-based Intergovernmental organization, birth abnormalities cause 240,000 newborns to pass away in the first 28 days of life each year and an additional 170,000 children between the ages of 1 month and 5 years die as a result of birth abnormalities which includes heart defects, neural tube defects, and down syndrome. Thus, the rising prevalence of genetic abnormalities will drive the acromegaly market.

Read More On The Global Acromegaly Market Report Here:
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The Acromegaly market is segmented -
• By Type: Ectopic Acromegaly, Acromegaly Due To Growth Hormone
• By Diagnosis: GH And IGF-I Measurement, Growth Hormone Suppression Test, Imaging, Other Diagnosis
• By Route Of Administration: Oral, Parenteral, Other Route Of Administrations
• By Treatment: Medication, Somatostatin analogues, Dopamine Agonists, Growth Hormone Antagonist, Surgery, Radiation, Other Treatments
• By End Users: Hospitals, Specialty Clinics, Homecare, Other End UsersBy Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Acromegaly market.

The Business Research Company's "Global Acromegaly Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Acromegaly Market Include:
1. Executive Summary
2. Acromegaly Market Characteristics
3. Acromegaly Market Trends And Strategies
4. Acromegaly Market - Macro Economic Scenario
5. Global Acromegaly Market Size and Growth
……
32. Global Acromegaly Market Competitive Benchmarking
33. Global Acromegaly Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Acromegaly Market
35. Acromegaly Market Future Outlook and Potential Analysis
36. Appendix

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