The global hypoparathyroidism treatment market is poised for significant growth, according to a comprehensive market analysis conducted by Future Market Insights. The market, valued at US$ 777.4 million in 2022, is projected to reach an estimated US$ 841.9 million by the end of 2023. This rapid expansion is forecasted to continue at a steady Compound Annual Growth Rate (CAGR) of 7.7% from 2023 through 2033, culminating in a projected market value of US$ 1,767.4 million at the close of the forecast period.
Hypoparathyroidism, a rare endocrine disorder characterized by inadequate levels of parathyroid hormone, has fueled the demand for innovative treatment approaches. This substantial market growth signifies a rising focus on advancing therapeutic interventions to address the unmet medical needs of individuals affected by this condition.
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The market for hypoparathyroidism treatment is also benefiting from increased research and development activities, resulting in innovative therapies and drug formulations. Moreover, the regulatory landscape has become more favorable, expediting the approval process for new treatments. As a result, pharmaceutical companies are increasingly investing in this niche market, further fueling its growth.
However, challenges persist, such as the high cost of newer treatments and limited awareness among patients and healthcare providers about the available therapies. These factors can hinder market growth to some extent. Nonetheless, the Hypoparathyroidism Treatment Market is poised for continued expansion as more patients receive accurate diagnoses, and innovative therapies become more accessible, ultimately improving the lives of those affected by this rare endocrine disorder.
Key Takeaways:
- Over the next several decades, the Indian market is expected to grow at an 8.6% CAGR.
- By 2033, the worldwide market is expected to be worth US$ 1767.4 million.
- The United States has emerged as the dominant market, accounting for more than 37.7% of overall demand in 2022.
- Over the next several decades, the Chinese market is expected to grow at a CAGR of 7.9%.
- In 2022, the calcium supplements category accounted for 38.29% of market revenue.
“As patient awareness grows, the market is projected to see a rise in patient screening for a variety of thyroid diseases. Furthermore, the approval and classification of hypothyroidism medications as orphan pharmaceuticals by the US Food and Drug Administration (FDA) and the European Commission (EC), along with the untapped patient pool, is projected to boost market development,” says the FMI analyst
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Competitive Landscape:
- Amolyt Pharma revealed an oral presentation at the 25th European Congress of Endocrinology (ECE) 2023 in May 2023. The presentation highlights the potential benefits of eneboparatide as a treatment for hypoparathyroidism, an illness in which numerous individuals have or are at risk of developing osteopenia and osteoporosis.
- In November 2022, the Food and Drug Administration (FDA) authorized for Priority Assessment a new drug application (NDA) for TransConTM PTH (palopegteriparatide) in adults with hypoparathyroidism.
Key Companies Profiled:
- Takeda Pharmaceutical Company Limited.
- Entera Bio Ltd.
- Amgen Inc.
- Ascendis Pharma A/S
- F. Hoffmann-La Roche Ltd
- ProLynx, Inc.
- Extend Biosciences, Inc.
- BionPharma Inc.
- Teva Pharmaceuticals Ltd.
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Hypoparathyroidism Treatment Market Segmentation:
By Product Type:
- Parathyroid Hormone
- Natpara
- Others
- Vitamin D Analogue
- Vitamin D2
- Vitamin D3
- Calcium Supplements
By Route of Administration:
- Oral
- Parenteral
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Sales
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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