Insulin-like Growth Factors Market Exclusive Report on the Latest Revenue and Future Scope

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Insulin-like Growth Factors Market"- By Type (Mechano Growth Factor, Somatomedin C, IGF 1), By End-user (Hospitals, Medical Centers), Industry Trends, and Global Forecasts, 2022-2035 And Segment Revenue and Forecast To 2031."

The Insulin-like Growth Factors Market Size is valued at USD 275.1 Mn in 2023 and is predicted to reach USD 406.1 Mn by the year 2031 at an 5.13% CAGR during the forecast period for 2024-2031.

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Insulin-like growth factors (IGFs) are naturally occurring proteins in the human body that are essential for stimulating the growth and development of various cell types. These proteins closely resemble insulin in structure and function, though they are significantly less effective in lowering blood sugar levels. There are two primary forms-IGF-1 and IGF-2. While they perform insulin-like functions in certain tissues, their main role lies in promoting cellular growth and development.

Unlike other growth factors such as epidermal growth factor (EGF), platelet-derived growth factor (PDGF), or nerve growth factor (NGF), IGFs are distinctive because they have well-established hormone-like effects throughout the body, particularly in humans. This endocrine capability makes IGFs vital regulators of bodily growth.

List of Prominent Players in the Insulin-like Growth Factors Market
• Boehringer Ingelheim International GmbH
• Genervon Biopharmaceuticals LLC
• Ascendis Pharma
• Regulaxis SAS
• MedImmune, LLC
• Other Prominent Players

Market Dynamics:
Drivers:
The increasing prevalence of chronic illnesses such as cancer, diabetes, and growth hormone deficiencies is driving the demand for insulin-like growth factor (IGF)-based treatments. IGFs are being utilized as part of therapeutic strategies to manage these conditions, boosting their adoption in the healthcare sector. Moreover, the growing interest in regenerative medicine and anti-aging therapies has expanded the application of IGFs due to their regenerative capabilities, including stimulating cell proliferation and aiding in tissue repair.

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Challenges:
However, the potential risks associated with IGF therapies, including possible links to increased cancer risk and other adverse reactions, remain significant barriers to widespread acceptance. Ensuring long-term safety is vital for these treatments to gain broader clinical approval. Another limitation lies in the still-evolving scientific understanding of how IGFs interact with various biological systems. This knowledge gap can slow the progress of developing precise, targeted therapies.

Regional Trends:
In North America, the market for IGF-based solutions is poised for growth, driven by an aging population experiencing a natural decline in growth factor levels. IGFs are being explored as possible interventions to alleviate age-related conditions. The region also benefits from a strong ecosystem of advanced research institutions and pharmaceutical innovators, fostering breakthroughs in IGF-related technologies and treatments.

Recent Developments:
• In Aug 2021, Ascendis Pharma A/S, a biopharmaceutical company, today announced that the U.S. Food and Drug Administration (FDA) has approved SKYTROFA (lonapegsomatropin-tcgd) for the treatment of pediatric patients one year and older who weigh at least 11.5 kg (25.4 lb) and have growth failure due to inadequate secretion of endogenous growth hormone (GH). The company uses its novel TransCon technologies to potentially create new treatments that make a meaningful difference in patients' lives.
• In January 2024, Ascendis Pharma A/S, After reaching an exclusive distribution agreement with Danish business Ascendis Pharma A/S (NASDAQ: ASND), Specialized Therapeutics Asia Pte Ltd (ST), an independent biopharmaceutical company, has expanded its portfolio to include three novel endocrinology medicines. The agreement states that ST will market Ascendis Pharma's weekly injectable pediatric human growth hormone treatment, SKYTROFATM (lonapegsomatropin), YORVIPATHTM (palopegteriparatide), for hypoparathyroidism, and TransConTM CNP (navepegritide), an investigational treatment for achondroplasia.

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Segmentation of Insulin-like Growth Factors Market.
Global Insulin-like Growth Factors Market, By Type
• Mechano Growth Factor
• Somatomedin C
• IGF 1
Global Insulin-like Growth Factors Market - By End-user
• Hospitals
• Medical Centers
Global Insulin-like Growth Factors Market - 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
• Southeast 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

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This release was published on openPR.