Insulin-like Growth Factors Market Shows Strong Growth in North America Driven by Aging Population and Innovative Treatments

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 is valued at US$ 275.1 Mn in 2023, and it is expected to reach US$ 406.1 Mn by 2031, with a CAGR of 5.13% during the forecast period of 2024-2031.

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Insulin-like growth factors (IGFs) are endogenously produced proteins that play a crucial role in regulating cellular growth, differentiation, and development across multiple tissue types. Structurally analogous to insulin-a hormone synthesized by the pancreas-IGFs exert insulin-like effects in certain tissues, although their glucose-lowering capacity is markedly less potent. The two principal forms, IGF-1 and IGF-2, are integral to normal physiological growth and development. Distinct from other growth factors such as epidermal growth factor, platelet-derived growth factor, and nerve growth factor, IGFs are uniquely characterized by their well-established endocrine functions in humans.

IGFs are indispensable for healthy growth during childhood and adolescence, as they facilitate the development and maturation of bone and connective tissue. Beyond developmental functions, IGFs contribute significantly to muscle growth and regeneration by stimulating protein synthesis and promoting muscle cell proliferation, thereby enhancing recovery and physical performance. Furthermore, IGF-1 plays a vital role in bone formation and the maintenance of bone density by promoting new bone tissue growth, which is essential for skeletal strength and the prevention of fractures and degenerative conditions such as osteoporosis.

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

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Market Dynamics
Drivers:
The demand for insulin-like growth factor (IGF)-based therapies is primarily driven by the rising prevalence of chronic conditions such as diabetes, cancer, and growth hormone deficiencies. Given the pivotal role of IGFs in regulating cellular growth and metabolic processes, their therapeutic applications are expanding across multiple medical domains.

Additionally, advancements in regenerative medicine and anti-aging treatments have broadened the utilization of IGFs, as these factors are instrumental in stimulating cell proliferation and tissue repair. Increasing health consciousness and shifting lifestyle trends that emphasize fitness, muscle development, and overall wellness are further propelling market growth, with IGF-based supplements and therapies gaining traction for their potential in enhancing physical performance and general health.

Challenges:
Despite promising clinical potential, the widespread adoption of IGF-based therapies faces several challenges. Safety concerns-particularly regarding the potential association of IGF treatments with increased cancer risk and other adverse effects-pose significant regulatory and ethical barriers. Long-term efficacy and safety validation are essential for building clinical and consumer confidence. Furthermore, an incomplete understanding of IGF signaling mechanisms and their complex interactions with other biological pathways continues to impede the development of highly specific and optimized therapeutic formulations.

Regional Trends:
North America is expected to remain a prominent market for IGF-based therapies, supported by a growing aging population and the corresponding decline in endogenous growth factor levels. The region's advanced research ecosystem, encompassing leading academic institutions, biotechnology firms, and pharmaceutical companies, is fostering innovation and accelerating the clinical translation of IGF-based solutions. This strong foundation in biomedical research, coupled with increased investment in age-related and regenerative health interventions, positions North America as a key contributor to the continued expansion of the global IGF market.

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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.

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.