Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The market trends in Addison's disease treatment sector show us a complex picture of the real world in which learning to recognize new diagnostic methods, endocrine therapies and patient-oriented approaches can help overcome the existing challenges. One outstanding feature is the broadened scope of Addison's diagnosis, which is a puzzling condition that causes adrenal insufficiency and endangers an individual's life in its seriousness. Medical breakthroughs and increased public consciousness have resulted in earlier and more accurate diagnoses, thereof a rising requirement for treatment strategies that work and management practices.
Along with a new focus on earlier diagnosis, the market for Addison diagnosis is seeing a refocusing on customized and patient-oriented care. As our insight into the intricate mechanisms in the hormonal imbalance of Addison's disease gets deeper via research, the treatment options are getting more individualized and specific factoring in the unique needs of each patient. The individualized tactics used for hormone replacement therapy are not the only thing, rather they target the lifestyle factors too, how one handles the stress, and improving the overall well-being.
To make matter worse, the pharmaceutical market around Addison's Disease is being revolutionized with new innovative medicines for treating this condition. Hormone therapy that is conventional and, to a greater extent, consists of glucocorticoids and mineralocorticoids, still forms a backbone of treatment and continues to be investigated for the improvement of therapeutic agents with a better purpose. This aim is to monitor changes related to hormonal imbalance and also to avoid the side effects with minimizing the long-term complications of the present treatment modalities.
Additionally, digital health solutions continue to gain traction and grow more important for Addison's disease management. Mobile apps, platform, and watch devices are used to monitor hormone levels, track symptoms and provide instant support to anyone with Addison's disease. This trend is very much in accordance with the general push to patient empowerment and self-management, which facilitates taking an active role by patients in their health situation and effectively communicating with healthcare professionals.
The market dynamics are also constructed by increased awareness and engegement. The healthcare professionals, patient advocacy groups, and pharmaceutical companies are working collectively to bring out addiction to awareness, its symptoms, and the time effectiveness of its intervention. The initial diagnosis and proper therapy are not just for improvement of the final results of disease but also help to avoid a crisis with adrenal gland failure, a potentially fatal complication of Addison’s disease.
However, difficulties abounds for the market for Addison's disease It is difficult to make a diagnostic decision of specificity and timeliness, especially in those cases of wrong expression or mild presentation. Moreover, tackling financial issues connected to long-term hormone replacement therapy, as well as overseeing possible side effects, necessitate continuous research and healthcare policy decisions to be made.
Addison’s Disease Market Highlights:
Addison’s Disease Market Overview:
Addison’s Disease Market Size was valued at USD 2.21 Billion in 2023. The Addison’s Disease industry is projected to grow from USD 2.34 Billion in 2024 to USD 5.35 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.84% during the forecast period (2024 - 2032). Addison's disease is a condition in which the body generates insufficient levels of certain hormones made by the adrenal glands. The adrenal glands generate too little cortisol and typically insufficient quantities of aldosterone in people with Addison's disease.
Adrenal insufficiency is another name for it. Addison's disease may afflict people of all ages and impact both men and women. The market is predicted to rise due to reasons such as the rising prevalence of Addison's disease, increased awareness of the condition, and rising healthcare spending. Lack of knowledge and difficulty to detect the condition in its early stages, on the other hand, may limit market growth throughout the projection period.
Segmentation
The Global Addison’s Disease Market has been segmented into diagnosis, treatment and end user.
The market, on the basis of diagnosis, has been segmented into laboratory tests and imaging tests. Laboratory tests have been further segmented into blood tests, ACTH stimulation tests, insulin-induced hypoglycemia test, and other tests. Blood tests are expected to hold the largest market share owing to their high effectiveness to diagnose the disease and preference among the physicians. ACTH stimulation test is expected to be the fastest growing market due to the low cost of the diagnosis method. Imaging tests have been segmented into chest radiography and CT scan.
The market, by treatment, has been segmented into oral corticosteroids and corticosteroids injections.
The market, by end user, has been segmented into hospitals & clinics, diagnostic laboratories, and other end users.
The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The Addison’s disease market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The market in the Middle East & Africa has been segmented into the Middle East and Africa.
Key Players
- Pfizer Inc
- Boehringer Ingelheim International GmbH
- Shire
- Tocris Bioscience
- GlaxoSmithKline plc
- Merck KGaA
- Lupin Pharmaceuticals, Inc
- Abbott
- Amgen Limited & Amgen Ireland Limited
- Bayer AG
- Biogen
- Eli Lilly and Company
- Novartis AG
- Diurnal
- Switzer Life science Pvt. Ltd
Regional Market Summary
Global Addison’s Disease Market Share (%), by Region, 2017
Source: Centers for Disease Control and Prevention (CDC), Eurostat, White Papers, Company Presentations, Annual Reports
Geographically, the Americas is anticipated to dominate the global Addison's disease market owing to a well-developed healthcare sector and the rising prevalence of the disease. According to a report published by the Centers Medicare and Medicaid Services in April 2018, National Healthcare Expenditure grew by 4.3% to USD 3.3 trillion in 2016 from the previous year.
Europe is expected to hold the second largest position in the global market. The market growth in this region is attributed to the increasing number of Addison’s disease cases and the developed healthcare infrastructure. According to the World Health Organization, Germany spent USD 5182 per capita on healthcare.
The Addison’s disease market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be the fastest growing region owing to the increasing prevalence of Addison’s disease and growing awareness of the same. According to the World Bank Group, India spent 3.89% of its GDP on health in 2015.
The Middle East & Africa has the least share of the market. Majority of the market of this region is expected to be held by the Middle East region due to a well-developed healthcare sector and growing government initiatives for the healthcare sector.Recent Development
Lupin Ltd (Lupin) is a pharmaceutical company that produces and markets generic and branded pharmaceuticals, as well as active pharmaceutical ingredients (APIs). Cardiovascular, diabetes etc are all part of the company's product range. Oral, ophthalmic, dermatological, and inhalation product research are key priorities for the organization. The company's operations are reported under a single segment, Pharmaceuticals. Formulations, active pharmaceutical ingredients (APIs), generic formulations, and biotechnology products are all part of Lupin's business.
In August 2015, Amgen, a biotechnology corporation located in the United States, launched its significantly enlarged production plant in Dun Laoghaire, Ireland. The $300 million expansion expanded manufacturing facilities to the existing factory, enhancing its capabilities and positioning it as a major hub for Amgen's global operations. The move was part of Amgen's long-term plan to manufacture all of its pharmaceuticals at the Dun Laoghaire facility, ensuring a steady supply of Amgen's medicines for severely sick patients across the world.
Global Addison’s Disease Market, by Diagnosis
- Laboratory Tests
- Blood Tests
- ACTH Stimulation Tests
- Insulin-Induced Hypoglycemia Test
- Other Tests
- Imaging Tests
- Chest Radiography
- CT Scan
Global Addison’s Disease Market, by Treatment
- Oral Corticosteroid
- Corticosteroid Injections
Global Addison’s Disease Market, by End User
- Hospitals and Clinics
- Diagnostic Laboratories
- Other End Users
Global Addison’s Disease Market, by Region
- Americas
- North America
- US
- Canada
- South America
- North America
- Europe
- Western Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Western Europe
- Eastern Europe
- Western Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Middle East
- Africa
Global Addison’s Disease Market, by Key Players
- Pfizer Inc.
- Boehringer Ingelheim International GmbH
- Shire
- Tocris Bioscience
- GlaxoSmithKline Plc
- Merck KGaA
- Lupin Pharmaceuticals, Inc.
- Abbott
- Amgen Limited & Amgen Ireland Limited
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
