Global Acromegaly Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The acromegaly market is witnessing steady growth as awareness about the condition increases and treatment options continue to advance. Acromegaly is a rare hormonal disorder primarily caused by a benign tumor of the pituitary gland, leading to excessive production of growth hormone. This results in abnormal growth of bones and tissues, which can significantly affect an individual's quality of life. The global market for acromegaly treatments has expanded as more effective therapies are developed, ranging from surgery and radiation therapy to drug treatments such as somatostatin analogs and growth hormone receptor antagonists.
Key players in the acromegaly market include pharmaceutical companies that focus on developing innovative drugs to manage and treat the condition. Among the most widely used medications are somatostatin analogs like octreotide and lanreotide, which work by inhibiting growth hormone release. Additionally, pegvisomant, a growth hormone receptor antagonist, has proven to be a breakthrough in treatment for patients whose conditions are not managed well with other therapies. The growing demand for these medications is fueling the expansion of the acromegaly market.
North America leads the acromegaly market, driven by the high prevalence of the disease, advances in healthcare infrastructure, and the presence of major pharmaceutical companies. Europe follows closely, with increasing recognition of acromegaly among the medical community. The market is also growing in Asia-Pacific due to improved healthcare access, rising awareness, and the growing number of diagnosed cases. Furthermore, the market is evolving with newer treatment options, including gene therapy and combination therapies, adding to the overall growth potential of the acromegaly treatment landscape.
The increase in research and development is another factor contributing to the market's expansion. Ongoing clinical trials and studies are aimed at providing more effective treatments with fewer side effects, which could drive market growth even further in the coming years. The adoption of advanced diagnostic tools and better screening methods also plays a crucial role in diagnosing acromegaly at earlier stages, ultimately improving patient outcomes.
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Novartis
Aegis Therapeutics
Chiasma
Crinetics Pharmaceuticals
Daewoong Pharmaceutical
Peptron
Silence Therapeutics
Strongbridge Biopharma
Amryt Pharma
Foresee Pharmaceuticals
Glide Pharmaceutical
Ionis Pharmaceuticals
Ipsen
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 Acromegaly Market
Hospitals
Clinics
Based on Types the Market is categorized into Below types that held the largest Acromegaly market share In 2023.
Somatostatin Analogues
Dopamine Agonists
Growth Hormone Receptor Antagonists
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, 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 Acromegaly 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 Acromegaly Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Acromegaly Market, By Type
6. Global Acromegaly Market, By Application
7. Global Acromegaly Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Acromegaly Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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