With the alarming increase in the prevalence of various
hormone-related medical conditions, such as hypogonadism, diabetes,
hyperthyroidism, and hypothyroidism, the global market for
endocrinology drugs market has been witnessing a remarkable upsurge
in its overall size and valuation. Since the incidence rate of
diabetes is exceptionally high across the world, fueled by unhealthy
diet and the reducing involvement of consumers in physical
activities, the global market is likely to remain experiencing a
high-paced rise in the years to come.
This exhaustive research report on the global market for
endocrinology drugs offers a thorough assessment, emphasizing
specifically on its past and current performance. The growth
prospects of this market has also been studied in details in this
report to predict its future status.
The rising number of cases of hypogonadism in men, triggered by
diabetes and renal or heart disorders, is creating lucrative
opportunities for market players. With the increasing intake of
medications, the prospects for the market’s growth is likely to be
boosted in the years to come. The increasing awareness among people
pertaining to thyroid, diabetes, and other hormone-related disorders
is also anticipated to drive this market in the future.
Due to the high prevalence of diabetes, the demand for diabetes drugs
is higher than other products. Researchers expect this trend to
remain so over the next few years, resulting in the high growth rate
of the diabetes drug segment. The introduction of novel drug
therapies and the presence of robust product pipelines in this market
for the treatment of the both types of diabetes mellitus are likely
to add significantly to the rise of this segment in the years to
come.
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In terms of the geography, the global endocrinology drugs market
boasts of its presence across Asia Pacific, the Middle East and
Africa, North America, Europe, and Latin America. Owing to the rising
prevalence of endocrine diseases, North America has been dominating
the worldwide endocrinology drugs market. Taking the augmenting usage
of hormone replacement therapies and the favorable reimbursement
policies by the governments in consideration, researchers anticipate
the scenario to remain same over the next few years.
Asia Pacific, amongst other, is likely to report a high-paced growth
in the years to come on the grounds of the rising prevalence of
growth hormone deficiency and the imminent increase in the research
and development activities in this region
The surge in the cases of diabetes and endocrine gland associated
cancer, such as end stage renal disorders, is also projected to have
a positive impact on the Asia Pacific market for endocrinology drugs
in the near future.
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The leading producers of endocrinology drugs are Novo Nordisk, Merck,
Sanofi, AstraZeneca, Eli Lily, and AbbVie. Some of the other
prominent participants in this market are HanAll BioPharma, Bayer
HealthCare Pharmaceuticals, Acerus Pharmaceuticals, BHV Pharma, Acrux
DDS, Biocon, GSK, Hanmi Pharmaceutical, MannKind, Intrexon,
ChipScreen Biosciences, Endo Pharmaceuticals, Takeda Pharmaceuticals,
Oramed Pharmaceuticals, MacroGenics, Islet Sciences, KinDex
Pharmaceuticals, VeroScience, Transition Therapeutics, and Gan and
Lee Pharmaceuticals.
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