The global Acromegaly Treatment market is projected to expand at 5.2% CAGR from 2017 to 2023 (forecast period). High prevalence of hormonal disorders, changing lifestyles, and increasing incidence of genetic diseases are factors expected to drive the market growth. Investments in clinical trials for expediting the treatment of the disorder coupled with rising government support can be encouraging for the market. For instance, Chiasma Inc has gained visible success for Phase 3 trials of Mycapssa for the treatment of the disorder in adults.
Acromegaly Treatment is a hormonal disorder caused by the excessive amount of growth hormones which can cause abnormal bone growth and a rise in height size. It can also cause gigantism in children in the midst of puberty. Untimely treatment of the disorder can culminate in arthritis, cardiovascular disease, type 2 diabetes, and high blood pressure. The global Acromegaly Treatment Market Growth report by Market Research Future (MRFR) outlines trends, drivers, opportunities, and threats for manufacturers offering treatments and solutions for the disorder.
Competitive Outlook
Amryt Pharma plc, Strongbridge Biopharma plc, Silence Therapeutics Plc, Glide Pharmaceutical Technologies Ltd, Peptron Inc, Ipsen SA, Chiasma Inc, Aegis Therapeutics LLC, Novartis AG, Foresee Pharmaceuticals LLC, Crinetics Pharmaceuticals Inc, Daewoong Pharmaceutical Co Ltd, and Ionis Pharmaceuticals Inc are some of the prominent pharmaceutical manufacturers in the market.
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Segmentation Analysis
The global Acromegaly Treatment market is segmented based on type, diagnosis, treatment, and end-user.
By Type
- Hormone
- Ectopic Acromegaly Treatment
- Others
By Diagnosis
- Medical Laboratory Investigations
- Medical Imaging
- Others
By Treatment
- Radiation Therapy
- Surgery
- Medications
- Others
By End-user
- Clinics
- Hospitals
- Others
Regional Analysis
Geography-wise, the global Acromegaly Treatment market comprises the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The Americas is expected to be the dominating region of the Acromegaly Treatment market due to the increasing prevalence of the hormonal disorder. Rising number of incidents as well as expendable income levels of patients can fuel the regional market growth. Presence of pharmaceutical majors, government support for research and development, and extended healthcare expenditure are other drivers in the region. Approval of bills which outline the procurement of unproven drugs and vaccines by patients for the treatment of orphan or rare diseases.
The Europe market is driven by increasing investments in research and development centers and rising government support. The inflated healthcare expenditure
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APAC is touted to exhibit the highest growth rate during the forecast timespan due to rising prevalence of hormonal disorders, developing healthcare sector, and a large patient pool. China and India can contribute to the market revenue due to hiring of skilled personnel capable of providing treatment for the hormonal disorder as well as availability of drugs in the region.
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