About Goserelin Drug
Goserelin is a synthetic analogue of a naturally occurring gonadotropin-releasing hormone (GnRH). Zoladex contains the drug goserelin, which belongs to a class of medications called gonadotropin-releasing hormone (GnRH) agonists. Zoladex is a type of hormone therapy that works to lower levels of sex hormones such as testosterone and estrogen. Goserelin is a gonadotrophin-releasing hormone (GnRH) analogue which, during continuous administration, down-regulates the pituitary-ovarian gonadal axis and reduces levels of the gonadotropins, luteinising hormone and follicle-stimulating hormone.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Goserelin Drug market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Goserelin Drug Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that china and United States Players will contribute the maximum growth to Global Goserelin Drug market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bachem AG (Switzerland), Aspen Holdings (South Africa), TerSera Therapeutics USA (United States), BCN Peptides S.A (Spain), Alvogen (United States), Shenzhen JYMed Technology Co., Ltd, (JYMed) (China), Neurocrine Biosciences, Inc. (United States), Hemmo Pharmaceuticals Pvt Ltd. (India) and ALP Pharm Beijing Co., Ltd. (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Goserelin Drug market by and Region.
On the basis of geography, the market of Goserelin Drug has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Indication, the sub-segment i.e. Prostate Cancer will boost the Goserelin Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Retail Pharmacy will boost the Goserelin Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Dose, the sub-segment i.e. 3.6mg will boost the Goserelin Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Government support to reduce cancer proliferation
Market Growth Drivers:
Effective alternate treatment for surgery or estrogen therapy in prostate cancer and Growing prevalence of ovarian and prostate cancer
Challenges:
Availability of alternative drugs such as leuprorelin, triptorelin.
Restraints:
Side Effects associated with Goserelin Drug
Opportunities:
Ongoing clinical trials using Goserelin drug for cancer treatment
Market Leaders and their expansionary development strategies
In September 2018, Luye Pharma announced that its independently developed drug, Goserelin Acetate Extended-release Microspheres for Injection (LY01005), has entered phase III clinical trials for prostate cancer in China. Meanwhile, LY01005 is currently under phase I clinical trials in the U.S. via part 505(b) (2) of the United States Federal Food, Drug and Cosmetic Act.
In February 2017, the AstraZeneca signed an agreement with the TerSera Therapeutics LLC, a specialty pharmaceutical products manufacturer for the Zoladex (goserelin acetate implant) rights across United States and Canada. Through this agreement, the AstraZeneca received payment of USD 250 million and received sales-related income through milestones totalling up to USD 70 million.
Key Target Audience
Manufacturers of Goserlein Drugs, Cancer drug manufacturers, Contract Research Organization and Governmental bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.