The global Addison’s Disease Drugs Market research report 2030, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Addison’s Disease Drugs market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the global addison’s disease drugs market, which was USD 552.50 million in 2022, is expected to reach USD 1228.09 million by 2030, and is expected to undergo a CAGR of 10.50% during the forecast period of 2023 to 2030.
Top Companies in the Global Addison’s Disease Drugs Market:
ristol-Myers Squibb Company (U.S.), Merck & Co., Inc (U.S.), Novartis AG (Switzerland), Pfizer Inc (U.S.), Takeda Pharmaceutical Company (Japan), Bio-Techne (U.S.), GlaxoSmithKline plc (U.S.), Lupin (India), Abbott (U.S.), Amgen Inc (U.S.), Bayer AG (Germany), Eli Lilly and Company (U.S.), among others.
Market Segmentation:
The global addison’s disease drugs market is segmented on the drug class, route of administration, distribution channel and end-users. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Drug Class
- Glucocorticoid
- Mineralocorticoid
- Others
Route of Administration
- Oral
- Parenteral
- Others
End-Users
- Hospitals
- Homecare
- Specialty Clinics
- Others
Distribution Channel
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
North America dominates the global addison’s disease drugs market due to the strong base of healthcare facilities, strong presence of major players in the market, rising demand of the Addison’s Disease Drugs products and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth in the global addison’s disease drugs market during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The global addison’s disease drugs market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global addison’s disease drugs market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global addison’s disease drugs market. The data is available for historic period 2015-2020.
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Market Dynamics
Drivers
- Need for Long-Term Treatment
Addison's disease requires long term treatment with steroid replacement therapy. Glucocorticoid and mineralocorticoid replacement therapies are currently the most commonly used treatments for addison's disease. In addition, hydrocortisone is one of the most preferred drugs in the glucocorticoid class due to its short half-life and ability to absorb into the bloodstream rapidly. In addition, long-acting glucocorticoids such as dexamethasone and prednisone are beneficial for once-daily dosing schedules. This boost the market growth.
- Increased Healthcare Infrastructure and Government Initiatives
The existence of an established health care infrastructure, government initiatives to implement addison's disease treatment, and constantly improving reimbursement scenarios are expected to drive the market growth. Europe was the second largest addison's disease treatment market due to improved health care practices and high demand for health care in the region.
Opportunities
- Rising Incidence of Addison’s Disease
Addison's disease is a rare adrenal gland hormonal disorder affecting less than 1 million people worldwide. The growth of the Addison disease drug market can be attributed to a variety of factors such as raising awareness of the disease and the diagnoses available for it, prescribing medicines, names of special medicines, and various reimbursement policies.
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