Adrenocorticotropic Hormone [ACTH] Market Size to Worth Around US$ 4.7 Bn by 2030

Latest Study on “Adrenocorticotropic Hormone [ACTH] Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2022-2030”.

The global Adrenocorticotropic Hormone [ACTH] market size is expected to be worth around US$ 4.7 billion by 2030, according to a new report by Nova one advisor.

The global Adrenocorticotropic Hormone [ACTH] market size was valued at US$ 2.1 billion in 2021 and is anticipated to grow at a CAGR of 3.7% during forecast period 2022 to 2030.

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Understanding Care Patterns of High Risk Patients Gains Importance During COVID-19 Pandemic

The entire U.S. healthcare system is planning, preparing, and collaborating to manage the COVID-19 pandemic. In order to maintain continuous supply chains, manufacturers in the adrenocorticotropic hormone (ACTH) market are striving to understand care patterns of high-risk patients and those with respiratory diseases. Manufacturers are establishing robust supply chains with urgent care centers, retail clinics in pharmacies, and workplace clinics to keep economies running during the pandemic. Since emergency departments are already stretched thin, these sites can act like wetlands to help absorb part of the overflow of patients with or without illnesses.

Telehealth services is emerging as a new business model for stakeholders in the adrenocorticotropic hormone (ACTH) market. These services are found to be most effective first line of access for non-elderly Americans with mild illness or with a risk of COVID-19.

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

Segments Covered

Source, Indication, Distribution Channel and Region,

 

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.

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).

Abnormal Test Results, Ectopic Production of ACTH Influencing Market Growth

Individuals with insufficient cortisol production may exhibit symptoms including fatigue, diarrhea, and increased skin pigmentation. Such health issues are increasing revenue flow in the adrenocorticotropic hormone (ACTH) market. While ACTH is used to diagnose adrenal insufficiency, the ACTH stimulation test is being preferred for diagnosis. However, taking certain medications including oral, steroid or topical may cause abnormal results. Awareness is being created about the shortcomings of ACTH stimulation tests and management techniques are being implemented to avoid abnormal test results.

In addition to excess of ACTH from the pituitary gland, it can also generate from elsewhere in the body. This medical condition is known as ectopic production of ACTH, which is generated from tumors in different parts of the body.

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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

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Adrenocorticotropic Hormone [ACTH] industry analysis from 2022 to 2030 to identify the prevailing Adrenocorticotropic Hormone [ACTH] industry opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the global Adrenocorticotropic Hormone [ACTH] industry segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global Adrenocorticotropic Hormone [ACTH] industry trends, key players, market segments, application areas, and market growth strategies.

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