Us Recombinant Human Parathyroid Hormone Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Recombinant Human Parathyroid Hormone Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 5.3 Billion by 2030, growing at a CAGR of 10.4% from 2024 to 2030.
The US recombinant human parathyroid hormone (rhPTH) market is witnessing significant growth, driven by advancements in medical research and the increasing prevalence of osteoporosis and related bone diseases. Recombinant human parathyroid hormone is a synthetic form of parathyroid hormone, commonly used in treating conditions like osteoporosis where bone density is compromised. This therapy has emerged as a breakthrough treatment option that stimulates bone formation and helps in maintaining healthy bone metabolism.
Osteoporosis remains a major health challenge in the US, particularly among postmenopausal women and the elderly. As the population ages, the demand for effective treatments such as rhPTH increases. According to recent estimates, osteoporosis affects more than 10 million Americans, with an additional 44 million at risk. The increasing awareness and diagnosis of osteoporosis further boost the demand for novel therapies that go beyond traditional treatments like bisphosphonates.
One of the key drivers of the rhPTH market is the approval and commercialization of products like Teriparatide, which has revolutionized osteoporosis management. Teriparatide, a recombinant version of human parathyroid hormone, has shown effectiveness in reducing fracture risk by stimulating bone growth, particularly in patients who are at high risk. With a growing patient base, pharmaceutical companies are actively pursuing the development of newer and more effective rhPTH-based products.
Furthermore, market growth is also influenced by the increasing adoption of advanced healthcare technologies, including personalized medicine and biologic treatments. Healthcare providers are becoming more inclined toward incorporating biologics, which offer targeted and effective solutions. The rhPTH segment has also seen innovations in delivery methods, such as subcutaneous injections, which enhance patient convenience and adherence to treatment plans.
Another aspect contributing to the expansion of the rhPTH market in the US is the rising investments in research and development. Pharmaceutical companies are continuously exploring new applications of rhPTH, not only for osteoporosis but also for other bone disorders. With increased funding and collaborative efforts between private and public sectors, the future of rhPTH in treating bone-related conditions looks promising.
As the market for recombinant human parathyroid hormone continues to grow, it becomes evident that the integration of innovative technologies and deeper research is crucial for advancing treatment options. The US recombinant human parathyroid hormone market is poised for substantial growth, with numerous opportunities for new therapeutic products to enter the market and meet the needs of an aging population.
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NPS Pharma(Shire)
Takeda
Shandong Buchang Pharmaceuticals
Ascendis Pharma
Beijing SL Pharmaceutical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Recombinant Human Parathyroid Hormone Market
Teriparatide (rDNA Origin)
Abaloparatide (rDNA Origin)
Other Recombinant Human Parathyroid Hormones
Osteoporosis Treatment
Hypoparathyroidism Management
Bone Healing and Regeneration
Other Therapeutic Applications
Subcutaneous Injection
Intravenous Administration
Other Routes
Hospitals
Specialty Clinics
Homecare Settings
Research Laboratories
Direct Sales
Retail Pharmacies
Online Pharmacies
Hospital Pharmacies
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Recombinant Human Parathyroid Hormone Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Recombinant Human Parathyroid Hormone Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Recombinant Human Parathyroid Hormone Market, By Type
6. Global Recombinant Human Parathyroid Hormone Market, By Application
7. Global Recombinant Human Parathyroid Hormone Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Recombinant Human Parathyroid Hormone Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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