What are the Historical Developments and Current Growth Metrics of the Pituitary Dwarf Treatment Market?
The pituitary dwarf treatment market has seen considerable growth due to a variety of factors.
• In recent times, the market size for pituitary dwarf treatment has experienced a swift expansion. Projected growth is from $5.52 billion in 2024 to $6.38 billion in 2025, a compound annual growth rate (CAGR) of 15.6%.
Factors influencing the expansion in the historic period include a rising demand for pituitary dwarf treatment drugs, an increased prevalence of pituitary dwarfism, and growing awareness about the condition.
What is the Forecasted Market Size and CAGR for the Pituitary Dwarf Treatment Market?
The pituitary dwarf treatment market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for treatments of pituitary dwarfism is anticipated to witness a substantial increase in the forthcoming years. It's projected to reach $10.74 billion by 2029 with a compound annual growth rate (CAGR) of 13.9%.
This estimated expansion in the said period can be credited to factors such as the increasing elder population, enhanced expenditure in healthcare, therapies using growth hormones, and a burgeoning need for prescribed treatments designed for pituitary dwarfism. During the forecast period, major shifts are likely to take place, such as breakthroughs in medical studies, drug approvals, improvements in medication distribution systems, novel formulations for growth hormones, and genetic testing.
What Key Factors and Trends Are Driving The Growth Pituitary Dwarf Treatment Market?
An increase in growth hormone deficiency is contributing to the expansion of the pituitary dwarf treatment market. Growth hormone deficiency is a condition recognized by the pituitary gland's insufficient production or release of the growth hormone. Therapies provided by pituitary dwarf treatment aim to boost bone health and growth, regulate metabolic activities, and enhance the life quality of individuals with dwarfism and growth hormone deficiency. As reported by the Saudi Arabia's Council of Health Insurance in November 2023, the overall incidence of stunted growth in Saudi Arabia as of 2022 was 33.68%. It was determined that Growth hormone deficiency was the main endocrinological trigger, making up 9.7% of cases. Thereby, the increasing occurrence of growth hormone deficiency is fueling the pituitary dwarf treatment market's expansion. The escalation of hormonal disorders prevalence is believed to stimulate the enlargement of the pituitary dwarf treatment market. Hormonal irregularities are conditions involving anomalies in the endocrine system functioning. Positioned at the brain's base, the pituitary gland holds a crucial role in controlling the hormones' release and production, including the growth hormone. As stated by the UK's National Health Service in June 2024, there was an alarming rise in diabetes among individuals under 40, increasing from 173,166 in 2022 to 216,440 in 2023. This alarming rise outlines a worrisome pattern in this age demographic. This indicates a swift increase in diabetes prevalence among the youth, suggesting an increase in the prevalence of hormonal disorders driving the pituitary dwarf treatment market's growth.
What Are The Market Segments In The Pituitary Dwarf Treatment Market?
The pituitary dwarf treatment market covered in this report is segmented –
1) By Type: Pituitary Dwarfism Type I, Pituitary Dwarfism Type II, Pituitary Dwarfism Type III, Pituitary Dwarfism Type IV, Other Types
2) By Treatment: Surgery, Additional Therapy, Drugs, Other Treatments
3) By Route Of Administration: Parenteral, Other Routes Of Administrations
4) By End User: Hospitals, Homecare, Specialty Clinics, Other End Users
Subsegments:
1) By Pituitary Dwarfism Type I: Growth Hormone Deficiency, Hypopituitarism
2) By Pituitary Dwarfism Type II: Isolated Growth Hormone Deficiency, Combined Pituitary Hormone Deficiency
3) By Pituitary Dwarfism Type III: Congenital Anomalies, Genetic Disorders
4) By Pituitary Dwarfism Type IV: Acquired Causes, Other Hormonal Imbalances
5) By Other Types: Idiopathic Dwarfism, Syndromic Dwarfism
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Which Emerging Market Trends Are Altering The Pituitary Dwarf Treatment Industry?
Big players in the pituitary dwarf treatment market are introducing innovative solutions to sustain their competitive edge. For example, in April 2023, the Denmark-based healthcare company, Novo Nordisk A/S, launched Sogroya (somapacitan-beco) injections in doses of 5 mg, 10 mg, or 15 mg. These were approved by the FDA, a notable regulatory body in the US. The injections cater to the treatment needs of children over 2.5 years who have growth deficiencies due to suboptimal endogenous growth hormone production. This approval has positioned Sogroya as a unique growth hormone medication capable of weekly administration in both children and adults.
Who Are the Key Players In The Pituitary Dwarf Treatment Market?
Major companies operating in the pituitary dwarf treatment market are:
• Pfizer Inc.
• Merck and Co Inc.
• Novartis AG
• Sanofi S.A.
• Eli Lilly and Company
• Novo Nordisk A/S
• H. Lundbeck A/S
• Mylan N.V.
• Teva Pharmaceutical Industries Ltd.
• Ipsen Pharma S.A.
• Genentech Inc.
• Apotex Inc.
• Cipla Limited
• Ferring Pharmaceuticals
• Anhui Anke Biotechnology (Group) Co Ltd.
• Amneal Pharmaceuticals LLC.
• BioMarin Pharmaceutical Inc.
• Biopartners GmbH
• Elekta AB
• Xiamen Amoytop Biotech Co Ltd.
• Lifetech Labs
• Alnylam Pharmaceuticals Inc.
• GeneScience Pharmaceuticals Co Ltd.
• Armata Pharmaceuticals Inc.
• Alkermes Plc.
What Are The Regional Insights Into The Pituitary Dwarf Treatment Market?
North America was the largest region in the pituitary dwarf treatment market in 2024. The regions covered in pituitary dwarf treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
