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Combined Pituitary Hormone Deficiencies Market Trends Analysis, Market Opportunities, Key Players, Share And Forecast To 2033
Combined Pituitary Hormone Deficiencies Market Trends
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According to The Business Research Company's, The combined pituitary hormone deficiencies market size has grown strongly in recent years. It will grow from $1.83 billion in 2023 to $1.95 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increased awareness and diagnosis, an increasing aging population, a rise in targeted therapies, increasing prevalence of cancer and genetic predisposition.
The combined pituitary hormone deficiencies market size is expected to see strong growth in the next few years. It will grow to $2.48 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to rising rates of chronic health conditions, long-term health impacts, increasing genetic research, advancement in healthcare access, and advancements in health infrastructure. Major trends in the forecast period include advanced imaging techniques, genetic testing and precision medicine, biomarkers, and molecular diagnostics, artificial intelligence (AI), and machine learning.
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Market Drivers and Trends:
The increasing incidence of pituitary tumors is expected to propel the growth of combined pituitary hormone deficiencies market going forward. Pituitary tumors are unusual growths in the pituitary gland, which controls hormone production in the brain. The exposure to endocrine-disrupting chemicals in some plastics, pesticides, and personal care products may contribute to hormonal imbalances and pituitary gland abnormalities. Pituitary tumors can cause combined pituitary hormone deficiency by interfering with the gland's ability to produce multiple hormones, leading to hormonal imbalances. For instance, in October 2022, according to the American Cancer Society, a US-based non-profit organization, more than 10,000 pituitary tumors are diagnosed each year in the United States. Therefore, the increasing incidence of pituitary tumors is driving the growth of combined pituitary hormone deficiencies market.
Major companies operating in the combined pituitary hormone deficiencies market are developing advanced treatment options such as body-identical hormone therapy treatment (HRT), to enhance patient compliance, reduce the frequency of administration, and improve overall treatment outcomes. Body-identical HRT involves using hormones that are exactly similar to the ones naturally made by the body to address hormone deficiencies or imbalances. For instance, in June 2023, Theramex, a UK-based specialty pharmaceutical company, launched Bijuva. It is a combined hormone therapy for post-menopausal women that combines 1 mg of estradiol and 100 mg of progesterone in a single daily capsule, mimicking the body's natural hormones. It's intended for women with an intact uterus who are at least a year post-menopause, offering a body-identical solution for estrogen deficiency symptoms.
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Major Key Players of the Market:
Pfizer Inc., Merck & Co Inc., Bristol-Myers Squibb Company, Abbott Laboratories, Novartis AG, Sanofi S.A., F. Hoffmann-La Roche Ltd., Takeda Pharmaceutical Company Limited, GlaxoSmithKline plc, Eli Lilly and Company, Novo Nordisk A/S, Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Aurobindo Pharma Limited, Ipsen Group, Cipla Inc., Ferring Pharmaceuticals, Lupin Limited, LEO Pharma A/S, Glenmark Pharmaceuticals Limited, AnkeBio Co Ltd., Aeterna Zentaris Inc., Anhui Anke Biotechnology Co Ltd., GeneScience Pharmaceuticals Co Ltd., Strongbridge Biopharma plc
Combined Pituitary Hormone Deficiencies Market 2024 Key Insights:
• The combined pituitary hormone deficiencies market size is expected to see strong growth in the next few years. It will grow to $2.48 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
• Rising Incidence Of Pituitary Tumors Expected To Increase Combined Pituitary Hormone Deficiencies
• Technological Advancements In Combined Pituitary Hormone Deficiencies Market
• North America was the largest region in the combined pituitary hormone deficiency market in 2023
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