The "Adrenocorticotropic Hormone (ACTH) Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Adrenocorticotropic Hormone (ACTH) market is expected to grow annually by 13.6% (CAGR 2024 - 2031).
This entire report is of 185 pages.
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Adrenocorticotropic Hormone (ACTH) Introduction and its Market Analysis
The Adrenocorticotropic Hormone (ACTH) market research report highlights the market conditions and growth factors for this hormone that stimulates the production of cortisol in the adrenal glands. The target market for ACTH includes patients with adrenal insufficiency and certain autoimmune conditions. Major factors driving revenue growth in this market include increasing prevalence of adrenal disorders and advancements in treatment options. Companies operating in the ACTH market such as Mallinckrodt, Pfizer, Novartis AG, Mylan ., and Hikma Pharmaceuticals are analyzed for their market share and strategies. The report recommends further research and development in ACTH therapies to cater to the growing demand.
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The global Adrenocorticotropic Hormone (ACTH) market is segmented into natural and synthetic types, with applications in hospital pharmacies, retail pharmacies, and online pharmacies. The market is driven by factors such as increasing prevalence of adrenal insufficiency and rising demand for hormone replacement therapy. Regulatory and legal factors specific to market conditions include stringent FDA regulations for the approval of ACTH drugs and increasing focus on the safety and efficacy of these products. The market is expected to witness significant growth in the coming years due to the rising awareness about hormone deficiency and increasing research and development activities in this field. With the growing adoption of advanced healthcare technologies, the ACTH market is poised for steady growth in the near future.
Top Featured Companies Dominating the Global Adrenocorticotropic Hormone (ACTH) Market
The Adrenocorticotropic Hormone (ACTH) market is highly competitive with key players such as Mallinckrodt, Pfizer, Novartis AG, Mylan ., and Hikma Pharmaceuticals dominating the market. These companies are engaged in the manufacturing and distribution of ACTH drugs used for the treatment of various conditions such as adrenal insufficiency, multiple sclerosis, and infantile spasms.
Mallinckrodt is a leading player in the ACTH market, offering H.P. Acthar Gel which is used for the treatment of multiple indications including rheumatic disorders and autoimmune diseases. Pfizer also offers ACTH drugs under the brand name Cortrophin. Novartis AG, Mylan N.V., and Hikma Pharmaceuticals are other significant players in the market, offering a range of ACTH products to cater to the growing demand.
These companies have been instrumental in driving the growth of the ACTH market by investing in research and development to develop innovative formulations and expanding their product portfolio. They also engage in strategic partnerships, collaborations, and acquisitions to strengthen their market position and increase their presence in key regions.
In terms of sales revenue, Mallinckrodt reported sales of approximately $2.72 billion in 2020, while Pfizer reported sales of $41.9 billion in the same year. Novartis AG reported sales of $48.7 billion, Mylan N.V. reported sales of $10.1 billion, and Hikma Pharmaceuticals reported sales of $2.5 billion in the same period. These figures indicate the strong market presence and financial performance of these companies in the ACTH market.
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Adrenocorticotropic Hormone (ACTH) Market Analysis, by Type:
Natural ACTH is derived from the pituitary glands of animals such as pigs and sheep, while Synthetic ACTH is artificially created in a laboratory. Both types can help in diagnosing and treating conditions such as adrenal insufficiency and certain types of cancer. The demand for ACTH is increasing due to the rising prevalence of endocrine disorders and autoimmune diseases. Synthetic ACTH offers advantages such as a longer shelf life and consistency in potency, making it more convenient for patients and healthcare providers. This growing demand for both natural and synthetic ACTH is boosting the overall market for this hormone.
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Adrenocorticotropic Hormone (ACTH) Market Analysis, by Application:
Adrenocorticotropic Hormone (ACTH) is used in hospital pharmacies to diagnose and manage adrenal insufficiency, multiple sclerosis, and infantile spasms. Retail pharmacies dispense ACTH injections for patients with these conditions. Online pharmacies also provide convenient access to ACTH for those unable to visit a physical pharmacy. Hospital pharmacies are the fastest growing application segment in terms of revenue due to the increasing number of patients with adrenal insufficiency and other related conditions seeking treatment in hospital settings. Overall, ACTH plays a crucial role in managing various medical conditions and is essential for maintaining hormonal balance in the body.
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Adrenocorticotropic Hormone (ACTH) Industry Growth Analysis, by Geography:
North America:
Europe:
Asia-Pacific:
Latin America:
Middle East & Africa:
The Adrenocorticotropic Hormone (ACTH) market is expected to witness substantial growth in key regions including North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). Among these regions, North America and Europe are expected to dominate the market with a market share percent valuation of around 40% and 30% respectively. Asia-Pacific is also anticipated to witness significant growth with an expected market share of around 20%. The market in Latin America and Middle East & Africa is expected to grow steadily with a market share of approximately 10%.
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