What is Degarelix Market Scope?
Degarelix injection is used to treat advanced prostate cancer (cancer that begins within the prostate [a male reproductive gland]). Degarelix injection is in a class of medications known as gonadotropin-releasing hormone (GnRH) receptor antagonists. It works by decreasing the number of testosterone (a male hormone) made by the body. this could slow or stop the spread of prostate cancer cells that require testosterone to grow.
Influencing Trend:
Increase In Recommendation from The Professionals
Market Growth Drivers:
Increase In Number of Male Populations and Increase In Disposable Income
Challenges:
Lack Of Awareness in The Developing Regions
Restraints:
Side Effects of The Injection
Opportunities:
Increase In Research and Development Activities
The Degarelix market study is being classified by Type (120 mg per vial and 80 mg per vial), by Application and major geographies with country level break-up.
Degarelix that has been developed for prostate cancer is in demand due to the increasing number of prostate gland cancer cases in the countries. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Degarelix market throughout the predicted period.
Ferring (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Degarelix market by Type, Application and Region.
On the basis of geography, the market of Degarelix 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).
Market Influencers and their Development Strategies
In May 2023, Teva Pharmaceutical Industries Ltd. partnered with Accord Healthcare Limited, a global pharmaceutical company specializing in generics and biosimilars, to develop and commercialize a generic version of degarelix. The partnership aimed to expand access to degarelix and provide more affordable treatment options for patients with prostate cancer.
In August 2023, Degarelix was included in the National Comprehensive Cancer Network (NCCN) Clinical Practice Guidelines for Prostate Cancer, recognizing its established efficacy and safety in the treatment of advanced PCa.
Key Target Audience
Manufacturers of Degarelix, Suppliers and distributors of Degarelix, Governmental and Regulatory bodies and End-Users
Degarelix Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Degarelix Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Degarelix industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.