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Acromegaly Treatment Market Size

  • Report ID: GMI9820
  • Published Date: Jun 2024
  • Report Format: PDF

Acromegaly Treatment Market Size

Acromegaly Treatment Market size was valued at USD 2.2 billion in 2023 and is estimated to grow at 5.4% CAGR from 2024 to 2032, due to the rising prevalence and incidence of acromegaly and pituitary tumors coupled with growing global awareness of the disease.

 

According to Orphanet, the global prevalence of acromegaly ranges from 1 in 7,500 to 1 in 35,800 people, while the annual incidence is between 1 in 91,000 to 1 in 526,000 people. Thus, the prevalence of acromegaly has significantly boosted the demand for effective treatments, thereby driving market growth. Furthermore, the rising demand for advanced treatments is encouraging pharmaceutical companies to invest in research and development (R&D). These efforts focus on creating innovative therapies and delivery methods for rare disease treatment, thereby exposing new market opportunities.
 

Acromegaly is a rare hormonal disorder resulting from excess growth hormone secretion, typically due to a benign pituitary adenoma. Treatment aims to reduce growth hormone levels, alleviate symptoms, and prevent complications. Primary treatments include surgical resection of the pituitary tumor, often achieved via transsphenoidal surgery. Medications such as somatostatin analogs, and growth hormone receptor antagonists are used to inhibit growth hormone production or block its effects. Radiotherapy is also an option for patients who do not respond adequately to surgery or medication.
 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Acromegaly treatment industry size was worth USD 2.2 billion in 2023 and is projected to expand at 5.4% CAGR from 2024 to 2032, owing to the rising prevalence and incidence of acromegaly and pituitary tumors.

The pseudo acromegaly type segment in the acromegaly treatment industry is projected to record USD 1.3 billion in 2023 and is estimated to depict 5.3% CAGR between 2024 and 2032, due to its increasing diagnosis and recognition.

The medical therapy treatment segment in the acromegaly treatment industry recorded 45.7% share in 2023 due to its effectiveness and convenience of pharmacological interventions compared to surgical options.

U.S. acromegaly treatment market industry size was USD 876.4 million in 2023 and is estimated to grow at substantial CAGR between 2024 and 2032, due to its large population and high healthcare spending.

Acromegaly Treatment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 140
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