About Endocrinology Drugs
The global market of endocrinology drugs market has been witnessing a remarkable upsurge due to rising in the prevalence of various hormone-related medical conditions, such as hypogonadism, diabetes, hyperthyroidism, and hypothyroidism, in its overall size and valuation. Since the incidence rate of diabetes is exceptionally high across the world, fueled by an unhealthy diet and the reducing involvement of consumers in physical activities, the global endocrinology drugs market is likely has led to significant a high-paced rise in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Endocrinology Drugs 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.
Novo Nordisk (Denmark), Merck & Co., Inc. (United States), Sanofi (France), AstraZeneca plc (United Kingdom), GlaxoSmithKline plc (United Kingdom), Eli Lily (United States), AbbVie Inc. (United States), HanAll BioPharma (South Korea), Bayer HealthCare Pharmaceuticals (Germany), Acerus Pharmaceuticals (Canada) and BHV Pharma (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Acrux DDS (Australia), Biocon (India), Hanmi Pharmaceutical (South Korea), MannKind (United States), Precigen, Inc (United States), ChipScreen Biosciences (China), Endo Pharmaceuticals (Ireland) and Takeda Pharmaceuticals (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Endocrinology Drugs market by Type (Diabetic Aagents, Hormone Agonists and Hormone Antagonists) and Region.
On the basis of geography, the market of Endocrinology Drugs 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 Drug, the sub-segment i.e. Prescription Drugs will boost the Endocrinology Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Endocrinology Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Prevalence of Diabetes
Market Growth Drivers:
Increasing Number of Cases of Hypogonadism in Men and Growing Incidence Rate of Diabetes is Exceptionally High across the Globe
Challenges:
Intense Competition Among the Competitors
Restraints:
Strict Government Rules and Regulations
Opportunities:
Increasing Awareness among People Pertaining to Thyroid, Diabetes, and other Hormone-Related Disorders
Market Leaders and their expansionary development strategies
On 4th August 2020, Merck and Hanmi Pharmaceutical have announced that the companies have entered into an exclusive licensing agreement for the development, manufacture, and commercialization of efinopegdutide (formerly HM12525A), Hanmi’s investigational once-weekly glucagon-like peptide-1 (GLP-1)/glucagon receptor dual agonist, for the treatment of nonalcoholic steatohepatitis (NASH).
On 29th December 2020, Novo Nordisk has announced the submission of a label extension application to the European Medicines Agency (EMA) for the existing marketing authorisation for Ozempic, a once-weekly glucagon-like peptide-1 (GLP-1) analogue, to introduce a new dose of 2.0 mg. Ozempic is currently approved in the EU in 0.5 mg and 1.0 mg doses for the treatment of type 2 diabetes in adults.
Key Target Audience
Endocrinology Drugs Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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.