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Parathyroid Hormone Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Parathyroid Hormone
What Is the Projected Growth of the Parathyroid Hormone Market?
The parathyroid hormone market has experienced steady growth in recent years. It will grow from $2.35 billion in 2024 to $2.43 billion in 2025, at a CAGR of 3.5%. This growth is driven by the rising prevalence of chronic kidney disease, greater awareness of parathyroid hormone-related disorders, increased demand for parathyroid hormone analogs, more government funding for related research, and rising disposable incomes.
The parathyroid hormone market is set to increase to $3.5 billion in 2029 at a CAGR of 9.6%, fueled by aging populations, rising bone health awareness, private sector growth, and access to precision medicine. Notable trends include advances in hormone testing, drug delivery innovations, combination therapies, digital health adoption, and sustainable practices.
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What Are the Different Parathyroid Hormone Market Segments?
The parathyroid hormone market covered in this report is segmented -
1) By Disease Type: Hypocalcemia, Hypoparathyroidism
2) By Product Type: Recombinant Parathyroid Hormone, Parathyroid Hormone Analogues
3) By End-User: Hospitals, Clinics, Other End-Users
Subsegments:
1) By Hypocalcemia: Pseudohypoparathyroidism, Vitamin D Deficiency
2) By Hypoparathyroidism: Post-Surgical Hypoparathyroidism, Idiopathic Hypoparathyroidism
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What Are the Primary Drivers Shaping the Parathyroid Hormone Market?
The parathyroid hormone market is growing due to the rising prevalence of osteoporosis, a condition characterized by low bone mass and increased fracture risk. The hormone, which helps regulate calcium levels, is used to reduce fracture risks in individuals with osteoporosis. As the incidence of osteoporosis increases, particularly among postmenopausal women and the elderly, the demand for parathyroid hormone treatments is rising.
Which Companies Are Leading in the Parathyroid Hormone Market?
Major companies operating in the parathyroid hormone market include Pfizer Inc., Eli Lilly and Company, Radius Health Inc., Ascendis Pharma, Entera Bio Ltd., Extend Biosciences Inc., Gedeon Richter Plc., Abbott Laboratories, Amgen Inc., Merck & Co. Inc., Novartis AG, F. Hoffmann-La Roche AG, Teva Pharmaceutical Industries Ltd., Alcon Laboratories Inc., Bayer Healthcare, AstraZeneca PLC, Biocon, Dr. Reddy's Laboratories, Glenmark Pharmaceuticals, Jubilant Life Sciences, Lupin Limited, Sun Pharmaceutical Industries, Torrent Pharmaceuticals, Wockhardt, Cipla Limited
What Trends Are Expected to Dominate the Parathyroid Hormone Market in the Next 5 Years?
Companies in the parathyroid hormone market are concentrating on developing parathyroid hormone-based drug biosimilars to improve treatment options. For example, in August 2024, Ascendis Pharma A/S, a Denmark-based biopharmaceutical company, announced that the FDA approved YORVIPATH (palopegteriparatide) for treating hypoparathyroidism in adults. This prodrug provides a sustained release of parathyroid hormone, benefitting around 70,000 to 90,000 patients in the US.
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What Are the Top Revenue-Generating Geographies in the Parathyroid Hormone Market?
The countries covered in the parathyroid hormone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Parathyroid Hormone Market?
2. What is the CAGR expected in the Parathyroid Hormone Market?
3. What Are the Key Innovations Transforming the Parathyroid Hormone Industry?
4. Which Region Is Leading the Parathyroid Hormone Market?
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