Global Combined Pituitary Hormone Deficiencies Market Report 2024: Size, Drivers, And Top Segments
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The combined pituitary hormone deficiencies market has experienced significant growth recently, with its size increasing from $1.83 billion in 2023 to $1.95 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.1%. This growth is driven by increased awareness and diagnosis, an aging population, a rise in targeted therapies, and higher prevalence of cancer and genetic predisposition. The market is projected to continue growing, reaching $2.48 billion by 2028 at a CAGR of 6.3%. This forecasted growth is due to rising rates of chronic health conditions, long-term health impacts, advancements in genetic research, improved healthcare access, and advancements in health infrastructure. Key trends for the forecast period include advanced imaging techniques, genetic testing and precision medicine, biomarkers, molecular diagnostics, artificial intelligence (AI), and machine learning.
The increasing incidence of pituitary tumors is expected to propel the growth of the combined pituitary hormone deficiencies market going forward. Pituitary tumors are unusual growths in the pituitary gland, which controls hormone production in the brain. Exposure to endocrine-disrupting chemicals in some plastics, pesticides, and personal care products may contribute to hormonal imbalances and pituitary gland abnormalities. Pituitary tumors can cause combined pituitary hormone deficiency by interfering with the gland’s ability to produce multiple hormones, leading to hormonal imbalances. For instance, in October 2022, according to the American Cancer Society, a US-based non-profit organization, more than 10,000 pituitary tumors are diagnosed each year in the United States. Therefore, the increasing incidence of pituitary tumors is driving the growth of the combined pituitary hormone deficiencies market.
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What Are The Key Trends That Influence Combined Pituitary Hormone Deficiencies Market Share Analysis?
Major companies operating in the combined pituitary hormone deficiencies market are developing advanced treatment options such as body-identical hormone therapy treatment (HRT), to enhance patient compliance, reduce the frequency of administration, and improve overall treatment outcomes. Body-identical HRT involves using hormones that are exactly similar to the ones naturally made by the body to address hormone deficiencies or imbalances. For instance, in June 2023, Theramex, a UK-based specialty pharmaceutical company, launched Bijuva. It is a combined hormone therapy for post-menopausal women that combines 1 mg of estradiol and 100 mg of progesterone in a single daily capsule, mimicking the body’s natural hormones. It’s intended for women with an intact uterus who are at least a year post-menopause, offering a body-identical solution for estrogen deficiency symptoms.
How Is The Global Combined Pituitary Hormone Deficiencies Market Segmented?
1) By Inheritance: Autosomal Dominant; Autosomal Recessive; X-linked Recessive
2) By Diagnosis: Blood Tests; Imaging Tests; Other Diagnoses
3) By Treatment: Hormone Replacement Therapy Medication; Levothyroxine; Corticosteroids; Other Treatments
4) By Distribution Channel: Hospital Pharmacy ; Retail Pharmacy ; Online Pharmacy; Others Distribution Channels
5) By End-Users: Hospitals; Specialty Clinics; Homecare; Other End Users
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The Combined Pituitary Hormone Deficiencies Global Market Report 2024 provides an overview of the combined pituitary hormone deficiencies market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The combined pituitary hormone deficiencies market forecast analyzes combined pituitary hormone deficiencies market size, combined pituitary hormone deficiencies market share, leading competitor and their market positions.
The Table Of Content For The Combined Pituitary Hormone Deficiencies Market Include:
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