Adrenocortical Hormones API Market Growth Driven by Rising Demand for Hormone Replacement Therapies

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Adrenocortical Hormones API Market - (By Type (Dexamethasone Series, Betamethasone Series, Hydrocortisone Series & Others), By Application (Injectable Drugs, Oral Drugs, For External Use Drugs, Inhalation Drugs)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Adrenocortical Hormones API Market is valued at US$ 2.24 Billion in 2023, and it is expected to reach US$ 3.55 Billion by 2031, with a CAGR of 6.04% during the forecast period of 2024-2031.

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Adrenocortical hormones are steroid compounds produced and secreted by the adrenal cortex. These hormones are either synthesized or extracted for use as active pharmaceutical ingredients (APIs) in the treatment of various diseases. The global market for adrenocortical hormones APIs is experiencing significant growth, driven by several key factors. Advancements in modern medicine and diagnostic technologies have enabled earlier and more accurate identification of adrenal disorders and hormonal imbalances. This progress has expanded access to hormone replacement therapies and similar treatments. Furthermore, the demand for adrenocortical hormone APIs in the pharmaceutical industry is rising, as the increased awareness and enhanced diagnostic capabilities have led to a higher incidence of diagnosed hormonal abnormalities.

The adrenal cortex produces substantial amounts of androgens and corticosteroids, and for individuals with adrenal insufficiency, corticosteroid replacement therapy can effectively restore normal life expectancy. As a result, the market for adrenocortical hormones APIs is being propelled by the growing recognition of their essential role in hormone regulation. Additionally, improvements in healthcare infrastructure and accessibility in emerging markets are creating new growth opportunities, further driving the demand for these APIs.

List of Prominent Players in the Adrenocortical Hormones API Market:
• Sanofi (France)
• GlaxoSmithKline (U.K.)
• Xianju Pharma (China)
• Teva (Israel)
• Piramal Pharma Solutions
• Guangzhou Tosun Pharmaceutical
• BCN Peptides
• Guangdong VTR Bio-Tech Co., Ltd,
• Symbiotec Pharmalab,
• Sun Pharmaceutical,
• Cipla,
• Hovione,
• Shandong Xinhua Pharmaceutical Company Limited,
• Steroid SpA,
• Junye Pharmaceutical Co., Ltd.,
• Avik Pharmaceutical,
• Tianjin Pacific Pharmaceutical Co., Ltd (TJPP)
• Shandong Sito Bio-technology CO., LTD.
• Other Market Players

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Market Dynamics:
Drivers:
A significant factor driving the demand for adrenocortical hormones APIs is the rising incidence of endocrine disorders, such as Cushing's syndrome and congenital adrenal hyperplasia, which require adrenocortical hormones for effective therapeutic treatment. As the global population ages, there is expected to be an even greater demand for these medications, as the elderly are more susceptible to hormonal and autoimmune diseases. Additionally, continuous advancements in pharmaceutical technology have improved the efficacy and safety of hormone replacement therapies, further contributing to market growth. The expansion of healthcare infrastructure globally, coupled with increased healthcare spending, is enhancing the availability of therapeutic options and is expected to lead to a higher demand for adrenocortical hormones APIs, thereby fueling the growth of the market.

Challenges:
The growth of the adrenocortical hormones API market is hindered by various regulatory challenges, which require extensive documentation and compliance with stringent safety and efficacy standards, making it more time-consuming and costly to introduce new hormonal treatments. The complex biochemical processes involved in the synthesis and production of these APIs also contribute to higher production costs and limit market entry to well-capitalized companies. Moreover, the emergence of non-steroidal alternatives to traditional corticosteroid-based treatments is further slowing down the growth of the market, as these alternatives are perceived to offer safer options.

Regional Trends:
North America is expected to hold a significant share of the global adrenocortical hormones API market, with projections indicating strong growth at a high compound annual growth rate (CAGR). This is attributed to increased industrialization, urbanization, and a growing demand for pharmaceutical products in the region. North America remains the largest consumer of adrenocortical hormone APIs, driven by increased spending on pharmaceuticals and regulatory approvals from the FDA. Additionally, the Asia Pacific region is also expected to hold a substantial market share due to the presence of major pharmaceutical manufacturers, a growing demand for healthcare facilities, and an increase in the use of injectable medications. The ongoing adoption of technological advancements in the region is expected to further benefit the overall market growth.

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Recent Developments:
• In April 2021, Piramal Pharma Solutions (PPS) expressed its plan to purchase API manufacturer Hemmo Pharmaceuticals for a total of Rs 775 crore. Through this acquisition, PPS expanded its operations to include the development and production of peptide APIs. Hemmo was one of the few companies solely focused on manufacturing synthetic peptide APIs on a global scale.

Segmentation of Adrenocortical Hormones API Market-
By Type-
• Dexamethasone Series
• Betamethasone Series
• Hydrocortisone Series
• Others
By Application-
• Injectable Drugs
• Oral Drugs
• For External Use Drugs
• Inhalation Drugs
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/adrenocortical-hormones-api-market/2453

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This release was published on openPR.