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Endocrinology Drugs Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 317 | Report ID: MRS1154


Report Description

The global Endocrinology Drugs market size is estimated at USD 68,407.1 million in 2020, expanding at a CAGR of 5.5% from 2021 to 2027.

Market Dynamics

Because of the rising prevalence of endocrine diseases, the global endocrinology drugs market is expected to grow at a rapid pace over the forecast period. Endocrine gland disorders such as Addison's disease, gigantism, goiter, Cushing's syndrome, polycystic ovary syndrome (PCOS), diabetes, hypertension, hyperlipidemia, acromegaly, thyroiditis, and osteomalacia are examples of these diseases. The growing adolescent population, which is more susceptible to such diseases due to hormonal imbalances, is also driving the growth of the endocrinology drugs market. Unhealthy lifestyle factors such as high cholesterol intake, work stress, and weight gain, ultimately lead to endocrine system malfunctioning, the introduction of new drug delivery systems, extensive research and development, and an increase in disposable income drive the growth of the endocrinology drugs market.

Regional Insights

North America accounted for a sizable portion of the endocrinology drugs market. Major contributors to this large share include increased prevalence of endocrine diseases, increased use of hormone replacement therapies, and government reimbursement policies. Due to an increase in the prevalence of growth hormone deficiency and the region's expected growth in research and development, Asia Pacific is expected to grow at a relatively faster rate over the forecast period. An increase in the incidence of the endocrine gland and diabetes-related cancers, such as end-stage renal disease, is expected to have a positive impact on the region's endocrinology drugs market.

Segment Insights

The Endocrinology Drugs market is fragmented into product type and distribution channel segments. Based on the product type, the diabetes drugs segment held the dominant share. Based on distribution channels, the online platforms segment is anticipated to grow at a lucrative CAGR.

Competitive Insights

The Endocrinology Drugs market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic mergers & acquisitions, partnerships, and new product launches to remain competent in the market. For example, in September 2021, AstraZeneca invested $360m in an advanced manufacturing facility near Dublin, Ireland to establish a next-generation active pharmaceutical ingredient (API) manufacturing facility for small molecules to ensure the Company’s global supply network is fit for future growth.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of Endocrinology Drugs by product type, distribution channel, and region. In addition, this report introduces the market competition situation among the vendors, and the company profile, besides, market price analysis, and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Acerus Pharmaceuticals Corp.
  • Beta Cell NV
  • GlaxoSmithKline Plc
  • Eli Lily
  • Ipsen Pharma SA
  • Merck and Co. Inc.
  • Novartis AG
  • Novo Nordisk
  • Pfizer
  • Sanofi SA
  • AbbVie
  • AstraZeneca

Therapy Area Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Diabetes Drugs
  • Human Growth Hormone Drugs
  • Thyroid Hormone Disorder Drugs
  • Others

Distribution Channel Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Hospitals and Clinics
  • Pharmacy Stores
  • Supermarkets
  • Online Platforms

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Endocrinology Drugs market size is estimated at USD 68,407.1 million in 2020, expanding at a CAGR 5.5% from 2021-2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Endocrinology Drugs market size is expanding at a CAGR 5.5% from 2021-2027.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
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