Market Scenario
Pituitary Cancer Market is expected to register significant growth over the forecast period. The market is projected to register a 5.7% CAGR over the forecast period. Pituitary cancers occur in the pituitary gland that is located beyond the nose. Factors such as the rising prevalence of pituitary cancer are expected to drive market growth. Moreover, the increasing research and development expenditure in the field of oncology for the development of innovative drugs to treat cancer is also expected to boost the market growth.
However, the side effects of the treatment and stringent government regulations are expected to hamper the market growth.
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Segmentation
The Global Pituitary Cancer Market has been segmented into Cancer Type, Treatment Type, End User, and Region.
Based on cancer type, the global pituitary cancer market has been segmented into adrenocorticotropic hormone-secreting (ACTH) tumor, growth hormone-secreting tumor, prolactin-secreting tumor, and thyroid-stimulating hormone-secreting tumor.
The global pituitary cancer market, by treatment type, has been segmented into chemotherapy, surgery, radiation therapy, and others. The surgery segment is further segmented into endoscopic trans nasal transsphenoidal surgery and craniotomy. The radiation therapy segment is further segmented into stereotactic radiosurgery, external beam radiation, intensity-modulated radiation therapy (IMRT), and proton beam therapy.
The global pituitary cancer market, by end user, has been segmented into hospitals & clinics, specialty clinics, and others.
The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The pituitary cancer market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada.
The European pituitary cancer market has been segmented into Western Europe and Eastern Europe. The market in Western Europe has further been classified as France, Germany, Spain, the UK, Italy, and the rest of Western Europe.
The pituitary cancer market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific.
The Middle East & Africa pituitary cancer market has been segmented into the Middle East and Africa.
Key Players
Amgen Inc. (US), Bristol-Myers Squibb Company (US), Celgene Corporation (US), Eli Lilly and Company (US), Astellas Pharma Inc. (Japan), Merck & Co., Inc. (US), Novartis AG (Switzerland), Pfizer Inc. (US), AstraZeneca (UK), Mylan N.V. (US), Johnson & Johnson Services, Inc. (US), Onxeo (France), Ipsen Pharmaceuticals (France), Salix Pharmaceuticals, Inc. (US), and Strides Pharma Science Limited (India) are some of the key players operating in the global pituitary cancer market.
Regional Market Summary
Geographically, the market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is expected to dominate the global pituitary cancer market owing to the rising prevalence of pituitary cancer and presence of major market players in the region, such as Amgen Inc., Bristol-Myers Squibb Company, Celgene Corporation, Eli Lilly and Company, Merck & Co., Inc., and Pfizer Inc.
Europe is expected to hold the second-largest share of the pituitary cancer market owing to the presence of major market players such as AstraZeneca, Novartis AG, GlaxoSmithKline plc, Onex, and Ipsen Pharmaceuticals, among others. Moreover, rising R&D activities for the development of advanced treatment options for pituitary cancer is also expected to drive the market growth.
Asia-Pacific is expected to be the fastest-growing regional market owing to the increasing awareness regarding various types of cancer, including pituitary cancer, growing incidence rate of Pituitary cancer and increasing R&D in the field of oncology.
The pituitary cancer market in the Middle East & Africa is expected to register slow growth during the forecast period owing to the lack of awareness regarding cancer.
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The major players in the growth hormone market include Novo Nordisk A/S, Pfizer Inc., Novartis AG, Eli Lily And Company, Merck KGaA, Ipsen S.A., Anhui Anke Biotechnology Co., Ltd, LG Chem Ltd., Ferring B.V., and Genetech Inc.
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Other key market drivers are initiatives taken by firms and government bodies for increasing awareness about growth hormone deficiencies and its treatment.
Factors like upsurge in FDA approvals and substantial investment by drug manufacturers for R activities for developing novel drugs are also expected to drive the market significantly.
Global Human Growth Hormone (HGH) Market is anticipated to witness an exponential growth in the forecast period.
Human growth hormone is mainly responsible for regeneration and growth among humans and stimulates cell reproduction.
Factors such as presence of a large pool of patients, technological advancements, demand for better-quality and cost-effective human growth hormones, increasing compliance for human growth hormone drugs and massive unexplored markets in the developing economies, such as China and India.Furthermore, advanced research and development services, and new drug developments by the key companies, increasing occurrences of human growth hormone deficiency diseases, and growing aged population are likely to propel the human growth hormone industry in the forthcoming period.
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Human growth hormone (HGH) industry is anticipated to expand at a CAGR of 7.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.Human growth hormone market could be explored by route administration, application, distribution channel, and geography.
It is likely to witness substantial growth in the years to come.
