Acromegaly Treatment Market Analysis

Acromegaly Treatment Market Analysis

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Based on the type, the market is categorized into ectopic acromegaly and pseudo acromegaly. The pseudo acromegaly segment is set to lead the market, accounting for the largest revenue of USD 1.3 billion in 2023, anticipating its dominance throughout the forecast period with a CAGR of 5.3%.
 

• Pseudo acromegaly, characterized by acromegaly-like symptoms without elevated growth hormone levels, dominated the market due to its increasing diagnosis and recognition. This condition often stems from underlying disorders like insulin resistance or genetic mutations, necessitating specialized treatment approaches.
   
• Also, the growing awareness and advancements in diagnostic techniques have led to higher identification rates of pseudo acromegaly. Therefore, rising demand for tailored therapies along with pharmaceutical companies focusing on developing effective treatments will spur the market's expansion in this segment.
   

Based on treatment type, the acromegaly treatment market is classified into medical therapy, surgery, and other treatment types. The medical therapy segment holds the largest market share of 45.7% in 2023 and is expected to maintain dominance throughout the analysis period.
 

• The segmental dominance is due to the effectiveness and convenience of pharmacological interventions compared to surgical options. The somatostatin analogs gained significant traction in the medical therapy treatment due to the wide availability and cost-efficiency of these drugs.
   
• Somatostatin analogs are highly effective and often prescribed as first-line treatments. The market growth is further driven by an increasing number of product approvals. For instance, in June 2020, Chiasma, Inc. received FDA approval for MYCAPSSA (octreotide) capsules for long-term maintenance treatment in acromegaly patients who have responded to and tolerated octreotide or lanreotide. MYCAPSSA is the first and only oral somatostatin analog approved by the FDA, utilizing Chiasma's Transient Permeability Enhancer (TPE) technology. Similarly, in June 2021, Chiasma submitted a Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) for Mycapssa as maintenance therapy for adults with acromegaly.
   
• Thus, a growing number of approvals, expanded research and the effectiveness of the medication solidifies the segment dominance in the market.
   

Based on age group, the acromegaly treatment market is segmented into less than 40, 41-60, and 61 above. In 2023, the 41-60 age group segment is expected to hold the highest market share, exhibiting 5.2% CAGR during the analysis period.
 

• This demographic is most affected by acromegaly with increasing prevalence of pituitary tumors and related complications in middle-aged individuals. Therefore, pharmaceutical companies and healthcare providers focus on addressing the specific treatment needs of this age group, thereby contributing to its market dominance.
   

The U.S. dominated the North American acromegaly treatment market accounting for USD 876.4 million in 2023 and is anticipated to show considerable growth over the analysis period.
 

• The U.S. holds a significant share of the North American market due to its large population and high healthcare spending. For instance, as per the National Institutes of Health (NIH) and Endocrine Society, across 13 studies on acromegaly prevalence, approximately 24,000 individuals are believed to have the condition in the U.S. Among them, around 8,000 people receive chronic treatment with somatostatin analog injections. Therefore, leading pharmaceutical and biotech companies in the U.S. are actively engaged in R&D to develop novel therapies, thereby augmenting the market growth.
   

Germany exhibited a high growth potential in the European acromegaly treatment market.
 

• Germany is a key player in the European acromegaly treatment market, characterized by advanced healthcare infrastructure and high healthcare expenditure.
   
• In addition, increasing R&D efforts coupled with expanded product launches are creating new opportunities in the market. For instance, in July 2021, ADVANZ PHARMA introduced MYTOLAC (lanreotide) in Germany, marking the first generic lanreotide available for treating acromegaly, grade 1 and certain grade 2 gastroenteropancreatic neuroendocrine tumors, and symptoms associated with neuroendocrine tumors.
   
• Thus, these advancements enhance treatment options that improve patient access to innovative and effective therapies, thereby driving the country level market growth.
   

The Asia Pacific acromegaly treatment market is poised for rapid growth with a CAGR of 5.9% during the forecast period.
 

• This expansion is driven by increasing awareness of acromegaly, improved diagnostic techniques, and the rising prevalence of the condition in the region.
   
• Also, growing healthcare expenditure, enhanced access to advanced treatments, and the presence of emerging economies such as China and India contribute significantly to regional market growth.
   
• Furthermore, investments in R&D and strategic collaborations among pharmaceutical companies further bolster the market, promising better treatment options and improved patient outcomes in the Asia Pacific region.