March 02, 2022
According to the research report titled ‘Global Hypoparathyroidism Treatment Market Size study, by Product (Parathyroid Hormone, Vitamin D Analogue, Calcium Supplements), by Administration (Oral, Parenteral) and Regional Forecasts 2021-2027’, available with the MarketStudyReport global hypoparathyroidism treatment market is predicted to expand significantly over the projection period.
The rising number of thoracic surgeries and cancer incidence, increasing new drug developments, and favorable government support are primarily driving global hypoparathyroidism treatment market over the forecast period. Increasing adoption of technologically advanced treatment methods has also augmented the demand hypoparathyroidism treatments across the globe.
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Hypoparathyroidism is a condition that causes the body to produce low level of parathyroid hormone. For those unaware, the calcium and phosphorus balance in the body is maintained and regulated by the parathyroid hormone.
Long clinical approval cycles will, however, act as a major restraint to global hypoparathyroidism treatment market growth through 2027.
Moving on to the segment analysis, global hypoparathyroidism treatment market is fragmented based on product type and by administration. By product variety, the market is classified into calcium supplements, vitamin D analogue, and parathyroid hormone.
Meanwhile, in terms of administration, the market is divided into parenteral and oral segments.
The geographical analysis of this business space involves Europe, North America, Asia-Pacific, Latin America, and the rest of the world with key emphasis on countries like Germany, France, Italy, Spain, the U.K, the U.S, Canada, India, China, Japan, Australia, South Korea, Brazil, and Mexico.
North America is expected to account for the largest market share by the end of the forecast period, primarily due to the rapid growth of thyroid-related diseases and various initiatives taken by pharmaceutical organizations to generate novel formulations.
On the other hand, Asia-Pacific market is likely to develop at the fastest rate throughout the projected period. High concentration of leading manufacturers is fueling Asia-Pacific hypoparathyroidism treatment market size.
The major companies operating the worldwide hypoparathyroidism treatment industry are F. Hoffmann-La Roche AG, Bionpharma Inc., Extend Biosciences Inc., Prolynx, Inc., Ascendis Pharma A/S, Amgen Inc., Entera Bio Ltd., Takeda Pharmaceutical Company Ltd., and NPS Pharmaceuticals Inc.