The Parathyroid Hormone Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s Global Market Report for Parathyroid Hormone in 2024, the market has demonstrated a consistent and robust growth trajectory. Projections indicate a shift from $2.35 billion in 2024 to $2.43 billion in the same year, driven by a noteworthy compound annual growth rate (CAGR) of 3.5%. This expansion is rooted in historical factors such as the escalating prevalence of chronic kidney disease, heightened awareness surrounding parathyroid hormone-related disorders, burgeoning demand for parathyroid hormone analogs, augmented government funding dedicated to parathyroid hormone research, and an overall increase in disposable incomes.
Anticipating a continuous upward trajectory, the parathyroid hormone market is poised to burgeon to $3.5 billion by 2028, boasting a robust CAGR of 9.6%. The forthcoming growth is underpinned by several pivotal factors, including the expanding geriatric population, the proliferation of private healthcare sectors, the emergence of new indications, the paradigm shift towards precision medicine, heightened awareness regarding bone health, and the broadening accessibility to healthcare. Noteworthy trends in the forecasted period encompass advancements in parathyroid hormone testing methodologies, innovations in drug delivery mechanisms, the integration of digital health solutions, a surge in combination therapies, and an increased emphasis on sustainability and green initiatives.
The rise in the prevalence of osteoporosis is expected to drive the market for parathyroid hormones. Osteoporosis is a disease characterized by low bone mass and deterioration of bone tissue, which further leads to an increased risk of fracture. According to the International Osteoporosis Foundation, osteoporosis affects approximately 1.4 million Canadians, mainly postmenopausal women and the elderly. The parathyroid hormone, which is naturally produced by the body for regulating calcium levels, is used to reduce the risk of bone fracture in people with osteoporosis and is administered as a daily subcutaneous injection. The increase in osteoporosis is therefore expected to contribute to the growth of the parathyroid hormone market.
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The parathyroid hormone market covered in this report is segmented –
1) By Disease Type: Hypocalcaemia, Hypoparathyroidism
2) By Product Type: Recombinant Parathtyoid Hormone, Parathyroid Hormone Analogues
3) By End-User: Hospitals, Clinics, Othe End-Users
Top 5 Major Players:
One instrumental innovation in the medical domain is the HEMAsavR, a sterile medical device engineered for the capture and transfer of blood. This cutting-edge technology is increasingly being adopted for the collection and salvage of blood during surgical procedures, providing clinicians with a swift response to unanticipated blood loss. The economic advantage lies in the ability to collect sterile, anticoagulated blood without necessitating specialized resources, thereby reducing upfront shed blood collection costs. This, in turn, leads to a decline in allogenic transfusions, ultimately culminating in improved patient outcomes, including reduced mortality rates, lower incidences of infections, and a diminished risk of multi-organ failure.
The parathyroid hormone market report table of contents includes:
1. Executive Summary
2. Parathyroid Hormone Market Characteristics
3. Parathyroid Hormone Market Trends And Strategies
4. Parathyroid Hormone Market – Macro Economic Scenario
5. Global Parathyroid Hormone Market Size and Growth.
…..
31. Global Parathyroid Hormone Market Competitive Benchmarking
32. Global Parathyroid Hormone Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Parathyroid Hormone Market
34. Parathyroid Hormone Market Future Outlook and Potential Analysis
35. Appendix
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