The global hypoparathyroidism treatment market is poised for significant expansion, reveals a comprehensive market analysis conducted by Future Market Insights. Valued at US$ 777.4 million in 2022, the market is forecasted to reach an estimated US$ 841.9 million by the end of 2023. Moreover, the analysis anticipates 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 insufficient levels of parathyroid hormone, serves as a primary catalyst for the escalating demand for innovative treatment modalities. This substantial market expansion underscores the growing focus on advancing therapeutic interventions to address the unmet medical needs of individuals affected by this condition.
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“The forecasted growth of the global hypoparathyroidism treatment market reflects the increasing recognition of the challenges faced by patients and healthcare providers in managing this rare disorder,” said a spokesperson from Future Market Insights. “As awareness grows and technology continues to evolve, there is a heightened demand for effective and patient-centric treatment options.”
The market analysis conducted by Future Market Insights indicates a robust trajectory for the hypoparathyroidism treatment industry, propelled by ongoing efforts to develop effective and patient-centric solutions. The remarkable growth underscores the industry’s commitment to addressing the unique challenges posed by hypoparathyroidism and improving the quality of life for those affected.
As the hypoparathyroidism treatment industry continues its upward trajectory, stakeholders, including pharmaceutical companies, healthcare professionals, and researchers, are encouraged to collaborate and innovate in the pursuit of groundbreaking solutions. This growth not only represents a significant market opportunity but also signifies a collective commitment to improving the lives of those grappling with 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.
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.
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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.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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