The pheochromocytoma global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Pheochromocytoma Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The pheochromocytoma market size has grown steadily in recent years. It will grow from $2.89 billion in 2023 to $3.03 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to rise in healthcare expenditure, increased diagnosis and awareness, genetic research, government initiatives.
The pheochromocytoma market size is expected to see steady growth in the next few years. It will grow to $3.56 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to demand for combination therapies, investment in pheochromocytoma research and development, demand for minimally invasive pheochromocytoma treatments, high rare disease research initiatives. Major trends in the forecast period include increase in the number of drugs in clinical trials, advancements in diagnosis and treatment options, growing expertise in gene therapy, advancements in medical imaging.
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Scope Of Pheochromocytoma Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Pheochromocytoma Market Overview
Market Drivers –
The growing incidence rate of tumors is expected to propel the growth of the pheochromocytoma market going forward. Tumors are abnormal growths of cells that can be benign (non-cancerous) or malignant (cancerous). The rising cases of tumors and cancers emphasize the need for growing medical awareness, accurate diagnosis and tailored treatment strategies for managing desmoid pheochromocytoma effectively. For instance, in January 2023, according to the American Cancer Society, a US-based non-profit cancer advocacy organization, the number of cancer cases increased to 1,958,310 in 2023, reflecting a growth of 3.16% from 1,898,160 in 2021. Therefore, the growing incidence rate of tumors will drive the growth of the pheochromocytoma market going forward.
Market Trends –
Major companies operating in the pheochromocytoma market are conducting clinical trials to test new treatment approaches, therapies and medications for pheochromocytoma, leading to the development of more effective and targeted treatments and improving patient outcomes. For instance, in August 2022, Novartis AG, a Switzerland-based pharmaceutical company, launched Phase 2 of a multicenter open-label study to assess the safety and dosimetry of Lutathera in adolescents aged 12 to under 18 with somatostatin receptor-positive gastroenteropancreatic neuroendocrine tumors (GEP-NETs) and pheochromocytoma and paragangliomas (PPGL). The research involves a multicenter, open-label, single-arm approach, such as an exploratory PPGL cohort that aims to include as many adolescents with PPGL as possible.
The pheochromocytoma market covered in this report is segmented –
1) By Type: Adrenal Pheochromocytoma; Extra-Adrenal Pheochromocytoma
2) By Treatment: Medication; Surgery; Radionuclide Treatment; Other Treatments
3) By Diagnosis: Laboratory Tests; Imaging Tests; Genetic Testing
4) By End Users: Hospitals; Clinics; Research And Academic Institutes; Other End Users
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Regional Insights –
North America was the largest region in the pheochromocytoma market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in pheochromocytoma market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major players in the pheochromocytoma market are Pfizer Inc., AbbVie Inc., Novartis AG, Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca PLC, Abbott Laboratories, Takeda Pharmaceutical Company Limited, Merck KGaA, Baxter International Inc., Teva Pharmaceutical Company Limited, Mylan N.V., Bausch Health Companies Inc., Daiichi Sankyo Company Limited, Eisai Co. Ltd., Apotex Inc., Sun Pharmaceutical Industries Ltd., Hikma Pharmaceuticals PLC, Endo International PLC, Exelixis Inc., Lupin Limited, Lantheus Holdings Inc., Curium Pharma, ANI Pharmaceuticals Inc., Jubilant Cadista Pharmaceuticals Inc., WellSpring Pharmaceutical Corporation, HRA Pharma SE.
Table of Contents
- Executive Summary
- Pheochromocytoma Market Report Structure
- Pheochromocytoma Market Trends And Strategies
- Pheochromocytoma Market – Macro Economic Scenario
- Pheochromocytoma Market Size And Growth
…..
- Pheochromocytoma Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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