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Pituitary Dwarf Treatment Market 2024 Opportunity Assessment, Production Analysis, Growth Rate And Forecast To 2033
Pituitary Dwarf Treatment Market
As per the report, the pituitary dwarf treatment market size has grown rapidly in recent years. It will grow from $4.76 billion in 2023 to $5.52 billion in 2024 at a compound annual growth rate (CAGR) of 15.9%. The pituitary dwarf treatment market size is expected to see rapid growth in the next few years. It will grow to $9.4 billion in 2028 at a compound annual growth rate (CAGR) of 14.2%.
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Growth Hormone Deficiency Drives Growth In The Pituitary Dwarf Treatment Market
The growing prevalence of growth hormone deficiency is expected to propel the growth of the pituitary dwarf treatment market going forward. Growth hormone deficiency (GHD) is a medical condition characterized by the pituitary gland's inadequate production or secretion of growth hormone (GH). The pituitary dwarf treatment provides hormonal therapies that increase growth and bone health, regulate metabolism and improve the quality-of-life suffering from dwarfism and growth hormone deficiency. For instance, in January 2021, according to the European Medicines Agency (EMA), a UK-based decentralized agency, an estimated 6,000 adults will be diagnosed with adult growth hormone deficiency (AGHD) each year in the US. Therefore, the growing prevalence of growth hormone deficiency is driving the growth of the pituitary dwarf treatment market.
Market Focus On Innovative Products Drives Growth In Pituitary Dwarf Treatment
Major companies operating in the pituitary dwarf treatment market are focusing on developing innovative products to sustain their position in the market. For instance, in April 2023, Novo Nordisk A/S, a Denmark-based pharmaceutical company, introduced Sogroya (somapacitan-beco) injections of 5 mg, 10 mg, or 15 mg approved by the Food and Drug Administration (FDA), a US-based government agency. Sogroya treats children aged 2.5 years and older with growth deficiencies due to insufficient endogenous growth hormone secretion. With this additional indication, Sogroya is now the only once-weekly growth hormone (GH) medication available for children and adults.
The pituitary dwarf treatment market covered in this report is segmented -
1) By Type: Pituitary Dwarfism Type I; Pituitary Dwarfism Type II; Pituitary Dwarfism Type III; Pituitary Dwarfism Type IV; Other Types
2) By Treatment: Surgery; Additional Therapy; Drugs; Other Treatments
3) By Route Of Administration: Parenteral; Other Routes Of Administrations
4) By End User: Hospitals; Homecare; Specialty Clinics; Other End Users
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Major players in the pituitary dwarf treatment market are Pfizer Inc., Merck and Co Inc., Novartis AG, Sanofi S.A., Eli Lilly and Company, Novo Nordisk A/S, H. Lundbeck A/S, Mylan N.V., Teva Pharmaceutical Industries Ltd., Ipsen Pharma S.A., Genentech Inc., Apotex Inc., Cipla Limited, Ferring Pharmaceuticals, Anhui Anke Biotechnology (Group) Co Ltd., Amneal Pharmaceuticals LLC., BioMarin Pharmaceutical Inc., Biopartners GmbH, Elekta AB, Xiamen Amoytop Biotech Co Ltd., Lifetech Labs, Alnylam Pharmaceuticals Inc., GeneScience Pharmaceuticals Co Ltd., Armata Pharmaceuticals Inc., Alkermes Plc.
Contents of the report:
1. Executive Summary
2. Pituitary Dwarf Treatment Market Report Structure
3. Pituitary Dwarf Treatment Market Trends And Strategies
4. Pituitary Dwarf Treatment Market - Macro Economic Scenario
5. Pituitary Dwarf Treatment Market Size And Growth
…..
27. Pituitary Dwarf Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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