Somatostatin analogs market is expected to gain market growth in the forecast period of 2020 to 2027. Rising prevalence of cancer related disorders worldwide and emerging markets are the factors responsible for the growth of this market.
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Growing cases of cancer and growth hormone related disorders drives the somatostatin analogs market. Due to adoption of unhealthy lifestyle and genetic modification/alteration also boost up the somatostatin analogs market growth. However, increased advancement in the treatment of cancer and rise in population with immune system diseases worldwide will also drive somatostatin analogs market. But, stringent FDA guidelines for the drug approval of new drug & adverse effect after the treatment may hamper the global somatostatin analogs market.
Somatostatin is a hormone mainly produced by the hypothalamus and by some other tissue such as gastrointestinal tract and pancreas. Somatostatin inhibits the release of growth hormones from the anterior pituitary and inhibit secretion of insulin & glucagon from the pancreas. It also decreases the release of most gastrointestinal hormones due to this reduces gastric acid and pancreatic secretion. Somatostatin analogs are the drugs which stops the body from making too much of growth hormones. They are used to treat tumors secreting vasoactive intestinal peptide, glucagonomas, various pituitary adenomas and acromegaly. It is also used to treat. Some neuroendocrine tumours (NETs) which make large amount of hormones that causes a group of symptoms called carcinoid syndrome.
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Global Somatostatin Analogs Market Scope and Market Size
The somatostatin analogs market is segmented on the basis of indication, product, route of administration, end-users and distribution channel.
- On the basis of indication, the somatostatin analogs market is segmented into tumor, acromegaly and others. Tumor indication further divided into carcinoid tumors, glucagonomas and pituitary adenomas
- On the basis of product, the somatostatin analogs market is segmented into lanreotide, octreotide, pasireotide and others
- Route of administration segment of somatostatin analogs market is segmented into parenteral and others
- On the basis of end-users, the somatostatin analogs market is segmented into hospitals, specialty clinics and others
- On the basis of distribution channel, the somatostatin analogs market has also been segmented into hospital pharmacy, retail pharmacy, others
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Somatostatin Analogs Market Country Level Analysis
Somatostatin analogs is analysed and market size information is provided by country, indication, product, route of administration, end-users and distribution channel as referenced above.
The countries covered in the somatostatin analogs market report are U.S., Canada, Mexico in North America, Brazil, Argentina, Peru, Rest of South America, as part of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific in Asia-Pacific, U.A.E, Egypt, Israel, Kuwait, Saudi Arabia, South Africa, Rest of Middle East and Africa, as a part of Middle East and Africa.
