Research Nester’s recent market research analysis on “Leuprolide Acetate Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global leuprolide acetate market in terms of market segmentation by product, application, route of administration, distribution channel, and by region.
Growing Female Population to Promote Global Market Share of Leuprolide Acetate
The global leuprolide acetate market is estimated to grow majorly on account of the increase in the female population across the globe. Females are more prone to conditions such as uterine fibroids, and endometriosis, which may increase the demand for leuprolide acetate as a treatment option. According to estimates, in India, there were more than 640 million females in 2021.
The global leuprolide acetate market is estimated to grow majorly on account of the increase in reproductive disorders across the globe. Reproductive tract infections, congenital anomalies, malignancies of the reproductive system, and sexual dysfunction are a few of the reproductive disorders that have an impact on human health. These disorders may lead to infertility in some females, which requires the usage of leuprolide acetate since it is an injectable drug that inhibits the ovaries' production, reduces the production of the hormones estrogen and progesterone, and helps in managing the ovulatory cycle to avoid early ovulation. According to a recent report published by the World Health Organization (WHO), it was found that infertility affects roughly 17.5% of adults worldwide.
Some of the major growth factors and challenges that are associated with the growth of the global leuprolide acetate market are:
Growth Drivers:
· Surge in Need for IVF Treatment Globally
· Rising Advancements in Medical Technology
Challenges:
The rising concern for side effects associated with leuprolide acetate, and the high cost of these drugs are some of the major factors anticipated to hamper the global market size of leuprolide acetate. There are some common side effects such as hot flashes, mood swings, and decreased libido which are caused by injecting leuprolide acetate that vary based on the dosage and the patient.
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By route of administration, the global leuprolide acetate market is segmented into intradermal, intramuscular, and subcutaneous. The intramuscular segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. Prostate cancer is treated with intramuscular leuprolide which is administered every four weeks.
In addition, by application, the global leuprolide acetate market the central precocious puberty segment is to garner notable revenue on account of the surge in cases of central precocious puberty. The drug leuprolide acetate is one of many GnRH analogs, gly-NH2, which has shown promise as a long-term treatment for central precocious puberty by aiding the pituitary gland in ignoring messages from the brain.
By region, the North American leuprolide acetate market is to generate the highest revenue by the end of 2035. This growth is anticipated by the growing presence of key market players. This may raise the awareness and availability of leuprolide acetate in the region for usage for various medical conditions such as prostate cancer and uterine fibroids.
In addition, the market in Europe may witness significant demand for leuprolide acetate owing to growing health awareness. For instance, the EU4Health program was developed to help address long-term health issues to improve access to healthcare and ensure that individuals in the area have access to medication. As more people have access to medical facilities for the treatment of various conditions, the demand for leuprolide acetate in the area may increase.
Furthermore, the leuprolide acetate market in the Asia Pacific is poised to hold a significant share on account of rising medical tourism in countries such as India, and Japan. More and more people from across the world travel to India and other regions for the treatment of various medical conditions including prostate cancer and uterine fibroids, leading to an increase in the demand. For instance, more than a million individuals from over 75 different countries travel to India each year for medical, wellness, and IVF procedures.
This report also provides the existing competitive scenario of some of the key players of the global leuprolide acetate market which includes company profiling of AbbVie Inc., Merck & Co., Inc., Taj Pharmaceuticals Limited., Zydus Group, Cipla Inc., Eugia Pharma Specialties Limited, and others.
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