The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s parathyroid hormone market report forecasts the parathyroid hormone market size to grow to $2.8 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

Learn More On The Parathyroid Hormone Market Report 2023 – https://www.thebusinessresearchcompany.com/report/parathyroid-hormones-global-market-report

Parathyroid Hormone Market Size Forecast
The global parathyroid hormone market is expected to grow from $2.15 billion in 2022 to $2.26 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The parathyroid hormone market is expected to grow from $2.8 billion in 2027 at a CAGR of 5.6%.

North America held the largest parathyroid hormone market share, and Middle East was the fastest-growing region in 2022.

Key Parathyroid Hormone Market Driver ­– Rise In The Prevalence Of Osteoporosis
According to the International Osteoporosis Foundation, osteoporosis affects approximately 1.4 million Canadians, mainly postmenopausal women and the elderly. The parathyroid hormone, which is naturally produced by the body for regulating calcium levels, is used to reduce the risk of bone fracture in people with osteoporosis and is administered as a daily subcutaneous injection. The increase in osteoporosis is therefore expected to contribute to the growth of the parathyroid hormone market.

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Key Parathyroid Hormone Market Trend – Developing Biosimilars Of Parathyroid-Based Drugs
Companies in the parathyroid hormone market are focusing on developing biosimilars of parathyroid-based drugs. A biosimilar is a biological product that is developed to be similar to an already FDA-approved biologic, known as the reference product. Biosimilars potentially offer consumers the opportunity to reduce their health care costs without compromising on treatment standards, which is why parathyroid hormone manufacturing companies are investing in them. For instance, in August 2020, Cadila Pharmaceuticals will launch a teriparatide biosimilar (NuPTH) meant for osteoporosis.

Parathyroid Hormone Market Segment
1) By Disease Type: Hypocalcaemia, Hypoparathyroidism
2) By End-User: Hospitals, Clinics, Othe End-Users
3) By Product Type: Recombinant Parathtyoid Hormone, Parathyroid Hormone Analogues

Parathyroid Hormone Market Major Players and Strategies
Major players in the parathyroid hormone market are Pfizer Inc., Eli Lilly and Company, Radius Health Inc., Shire, Ascendis Pharma, Entera Bio Ltd., Extend Biosciences Inc. and Gedeon Richter PLC.

The Parathyroid Hormone Global Market Report 2023 covers regional data on parathyroid hormone market size, parathyroid hormone market trends and drivers, opportunities, strategies, and parathyroid hormone market competitor analysis. The countries covered in the parathyroid hormone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Parathyroid hormone refers to a substance produced by the parathyroid gland that aids in the body’s storage and utilisation of calcium. High blood calcium levels are a result of parathyroid hormone levels that are greater than usual and could be a disease indicator. It is also known as PTH, parathyrin, and parathormone.

View More Reports Related To The Parathyroid Hormone Market –
Hormonal Contraceptives Global Market Report 2023
Drugs For Hormonal Replacement Therapy Drugs Global Market Report 2023
Biosimilar Hormones Global Market Report 2023

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