What is Androstenedione?
Androstenedione is a steroid hormone. It is used to make medicine. It helps in increasing the production of the hormone testosterone to enhance athletic performance, increase energy, and keep red blood cells healthy. This market gaining popularity as a supplement by sports professionals as an Anabolic steroid, which is a schedule III controlled substance. Androstenedione is a steroid hormone used by the body to make testosterone and estrogen.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | BIOVET (Bulgaria), Indo Phyto Chemicals (India), Sito Bio (China), Goto Pharmaceutical (China), Tianjin King York (China), Yongning Pharma (China), Xi’an Gaoyuan Bio-Chem (China) and Dahua Pharmaceutical (China) |
CAGR | 2.8% |
The study covers a detailed analysis segmented by key business segments i.e. by type (4-AD and ADD) , by application (Arthritis Pharmaceuticals, Fertility Control Pharmaceuticals, Infectious Inflammation Pharmaceuticals and Others) and major geographies. Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Androstenedione market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Androstenedione market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are BIOVET (Bulgaria), Indo Phyto Chemicals (India), Sito Bio (China), Goto Pharmaceutical (China), Tianjin King York (China), Yongning Pharma (China), Xi’an Gaoyuan Bio-Chem (China) and Dahua Pharmaceutical (China).
Market Overview:
In January 2023, Spruce Biosciences, Inc. (Nasdaq: SPRB), a late-stage biopharmaceutical company focused on developing and commercializing novel therapies for rare endocrine disorders with significant unmet medical need, today provided an update on its clinical programs, anticipated upcoming milestones and strategic priorities for advancing tildacerfont in classic congenital adrenal hyperplasia (CAH) and polycystic ovary syndrome (PCOS).
Androstenedione Is Considered A Banned Substance By The National Collegiate Athletic Association (NCAA).
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the lightweight jackets market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings.
Influencing Trend:
Increase Demand in Arthritis Pharmaceuticals Segment
Market Growth Drivers:
Increasing Adoption of Androstenedione as Dietary Supplement and Maintaining Its Level in Growing Children Is Important, Which In Turn Is Driving Growth of the Androstenedione
Challenges:
Androstenedione Is Unsafe To Use during Pregnancy, It Can Bring On Labor and Cause Miscarriage and By Taking High Dose Might Increase the Chances of Developing Prostate Cancer
Restraints:
Stringent Government Regulation Is Major Factor Restraining Growth of the Androstenedione Market
Opportunities:
High Growth Opportunity in Future, Due To Increasing Participations for Sports
Key highlights of the Global Androstenedione market Study:
CAGR of the market during the forecast period 2023-2030
In-depth information on growth factors that will accelerate the Androstenedione market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Androstenedione market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Androstenedione Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Androstenedione market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Androstenedione market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Androstenedione Manufacturers, Government Bodies, End Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.