The global Adrenocorticotropic Hormone [ACTH] market is estimated to develop at a compound annual growth rate (CAGR) of 3.7%.
The global Adrenocorticotropic Hormone [ACTH] market is estimated to develop at a compound annual growth rate (CAGR) of 3.7%. The global Adrenocorticotropic Hormone [ACTH] market size was valued at USD 2.1 billion in 2021, and it is predicted to exceed USD 4.7 billion by 2030. The study investigates several elements and their consequences on the growth of the Adrenocorticotropic Hormone [ACTH] market.
Need for the development of newer and technologically enhanced products is rising globally, owing to treatment efficiency of drugs. Hence, major players operating in the market invest in research & development in order to develop new drugs. The rise in investments in research & development by key players is anticipated to propel the global adrenocorticotropic hormone (ACTH) market.
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Report Scope of the Adrenocorticotropic Hormone [ACTH] Market
| Report Coverage | Details |
| Market Size | US$ 4.7 Billion by 2030 |
| Growth Rate | CAGR of 3.7% from 2022 to 2030 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
Market Drivers
Increasing usage of Adrenocorticotropic Hormone products
The application of adrenocorticotropic hormone (ACTH) has increased very significantly over the past few years. Currently, the adrenocorticotropic hormone is administered for the treatment of nephrotic syndrome, ophthalmology, rheumatology, Addison disease, Cushing syndrome, Cushing disease, and others. The increase in the usage of adrenocorticotropic hormone products is creating a huge demand for the adrenocorticotropic hormone (ACTH) products and working as a driver for the market.
Market Opportunities
Government initiative and awareness program
Governments in various developed and developing nations are increasing their initiatives to increase awareness regarding the availability of treatment for nephrotic syndrome, ophthalmology, rheumatology, Addison disease, Cushing syndrome, Cushing disease, and others. Further, Governments and private authorities across developed & developing countries are focusing on the increasing number of new approval for adrenocorticotropic hormone (ACTH) which will help to create new opportunities for the market.
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Technological Advancements and the modernization in Adrenocorticotropic Hormone (ACTH)
Researchers and manufacturers from all over the world are increasing research and development activities for the development of new, innovative, more effective, economic and to increase the clinical application of adrenocorticotropic hormone (ACTH). New research and development will lead to the introduction of new products in the market which is expected to increase the adoption of adrenocorticotropic hormone (ACTH).
North America to Lead Adrenocorticotropic Hormone (ACTH) Market
North America dominated the global adrenocorticotropic hormone (ACTH) market in 2020 and the trend is likely to continue during the forecast period. The dominance of North America in the global market can be attributed to high rate of adoption of Acthar Gel in a number of indications as well as high cost of the drug in the region.
The market in Europe is projected to expand at a CAGR of 6.98 from 2022 to 2030. Increase in awareness about various diseases, favorable medical reimbursement policies, availability of synthetic ACTH (tetracosactide), and well-established healthcare facilities are the major factors anticipated to drive the market in Europe during the forecast period.
Some of the prominent players in the Adrenocorticotropic Hormone [ACTH] market include:
- Mallinckrodt plc
- Pfizer, Inc.
- Novartis AG
- Merck KGaA
- Ferring B.V.
- Avantor, Inc.
- Viatris, Inc.
- Hikma Pharmaceuticals plc
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
Global Adrenocorticotropic Hormone (ACTH) Market: Segmentation
- Adrenocorticotropic Hormone (ACTH) Market, by Source
- Natural
- Synthetic
- Adrenocorticotropic Hormone (ACTH) Market, by Indication
- Rheumatology
- Neurology
- Nephrotic Syndrome
- Ophthalmology
- Others
- Adrenocorticotropic Hormone (ACTH) Market, by Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
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Key Questions Answered in Adrenocorticotropic Hormone [ACTH] Market Report
What will be the sales/revenue generated by Adrenocorticotropic Hormone [ACTH] across all regions during the forecast period?
What are the opportunities in the global Adrenocorticotropic Hormone [ACTH] market?
What are the major drivers, restraints, opportunities, and threats in the market?
Which regional market is set to expand at the fastest CAGR during the forecast period?
Which application is expected to generate the highest revenue globally in 2030? Which segment is projected to expand at the highest CAGR during the forecast period?
What is the market position of different companies operating in the global market?
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