The Global Adrenal Crisis Management Industry is on track to witness substantial growth, projecting a robust 6.7% Compound Annual Growth Rate (CAGR) during the forecast period from 2023 to 2033, according to the latest insights from Future Market Insights. By the year 2033, the market is anticipated to reach a valuation of US$ 6.31 million.
The surge in the Adrenal Crisis Management Market can be attributed to several pivotal factors. A key driver is the escalating prevalence of adrenal insufficiency globally. Factors contributing to this rise include autoimmune disorders, infections, and the use of specific medications. As the global population ages, the incidence of adrenal insufficiency is expected to climb, creating a heightened demand for advanced adrenal crisis management products and services.
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Technological advancements have also played a key role in the growth of the adrenal crisis management market. New and innovative diagnostic tests have been developed that can accurately diagnose adrenal insufficiency, including the ACTH stimulation test and the insulin tolerance test. Advances in treatment options have also contributed to market growth. For example, new formulations of corticosteroids have been developed that can provide more targeted and effective treatment of adrenal insufficiency.
Key Takeaways from the Global Adrenal Crisis Management Industry Study
- The global Adrenal crisis management market is expected to grow with a 6.7% CAGR during 2023 to 2033.
- By treatment, Intravenous injections are expected to hold 53% of the market share in 2023 for Adrenal crisis management market.
- North America is expected to possess 43% market share for Adrenal crisis management market in 2023.
- Europe Adrenal crisis management market size is expected to possess 41% market share in 2023.
“Rising awareness about the condition and the importance of early diagnosis and effective management have also played a significant role in driving market growth.” states an FMI analyst
Global Adrenal Crisis Management Industry Competitive Landscape
- Bristol-Myers Squibb is involved in research and development efforts related to endocrine disorders, including adrenal insufficiency. One example of their research in this area is the development of a new oral medication for the treatment of adrenal insufficiency, which is currently in clinical trials.
- Merck KGaA is involved in research and development efforts related to endocrine disorders, including adrenal insufficiency. One example of their research in this area is the development of a new steroid replacement therapy for the treatment of adrenal insufficiency, which is currently in clinical trials.
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Key players in Global Adrenal Crisis Management Industry are:
- Eton Pharmaceuticals
- Antares Pharma
- Takeda Pharmaceutical Company Limited
- Sandoz International GmbH
- Pfizer Inc.
- Bristol-Myers Squibb Company
- Merck KGaA
- Mallinckrodt Pharmaceuticals
- Mylan Pharmaceutical AG
- Medtronic Plc.
Key Segments Profiled in the Global Adrenal Crisis Management Industry Survey
Diagnosis Method:
- Blood Test
- ACTH Stimulation Test
- Insulin-induced Hypoglycaemia Test
- Imaging Test
Treatment Method:
- Oral Cortisone
- Hydrocortisone
- Fludrocortisone Acetate
- Intravenous Injections
- Corticosteroids
- Saline Solution
- Sugar (Dextrose)
Distribution Channel:
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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