Global Somatostatin Analogs Industry Outlook, 2019-2026 - Pasireotide Estimated to Be the Fastest Growing Segment Over the Forecast Period
DUBLIN, Dec. 12, 2019 /PRNewswire/ -- The "Somatostatin Analogs Market Size, Share & Trends Analysis Report By Type (Octreotide, Lanreotide, Pasireotide), By Application (Acromegaly, Neuroendocrine Tumors), By Region And Segment Forecasts, 2019 - 2026" report has been added to ResearchAndMarkets.com's offering.
http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
The global somatostatin analogs treatment market size is expected to reach USD 8.9 billion by 2026, expanding at a CAGR of 6.3% during the forecast period, according to this report. Increasing awareness of diseases such as acromegaly and neuroendocrine tumors is expected to be the vital impact rendering driver.
Presence of strong pipeline products is one of the major factors driving the market growth over the forecast period. For instance, Camurus AB is developing CAM2029 for the treatment of acromegaly and is currently under phase 3 clinical trial. This product comprises of octreotide as its main ingredient. The product is also under phase 1/2 trials for the treatment of neuroendocrine tumors. Furthermore, Dauntless Pharmaceuticals is developing DP1038, an intranasal octreotide, and is currently under clinical development.
Existence of different online portals providing related information on various diseases is anticipated to create awareness among the population. For instance, Neuroendocrine Cancer Awareness Network provides all the information related to their symptoms, available treatment options and disease management.
In addition, this network exhibits at the medical trade shows and medical meetings such as NANETs, ASCO, Healing NET Foundation, ASCO GI, The American Association of Endocrine Surgeons, Interventional Radiology, Digestive Disease Week, and local fairs to create awareness pertaining to NETs among population.
In addition, in January 2018, Midatech Pharma PLC received confirmation in oral formulation from Polish regulators for its first in-human analysis of sustained release product Q-Octreotide (MTD201). The product is aimed to be used as an alternative of the commercial leading product, Sandostatin LAR.
Presence of key players such as Novartis AG, Ipsen Pharma, Pfizer Inc., Sun Pharmaceutical Industries Ltd and Chiasma Inc. is expected to fuel to the overall market growth. Involvement of major players in new product development is considered to be the high contributing factor for the SSAs market.
Further key findings from the report suggest:
-- Octreotide held the largest market share in 2018 due to its various
therapeutic applications
-- Pasireotide is estimated to be the fastest growing segment over the
forecast period
-- Acromegaly held the largest share in 2018 owing to its increase
prevalence
-- North America dominated the market in 2018 owing to presence of key
players such as Pfizer Inc. and Novartis AG
-- Asia-Pacific is estimated to be the fastest growing segment with a CAGR
of 9% over the forecast period
Key Topics Covered
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Global Somatostatin Analogs Market Variables, Trends & Scope
3.1. Somatostatin Analogs Market Lineage outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Pipeline Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.1.1. Increasing incidence and prevalence of acromegaly, NETs
3.4.1.2. Presence of pipeline products
3.4.1.3. Increasing investments in R&D activities
3.4.2. Market Restraint Analysis
3.4.2.1. High cost of treatment
3.4.3. Industry Analysis - Porter's
3.4.3.1. Supplier Power
3.4.3.2. Buyer Power
3.4.3.3. Substitution Threat
3.4.3.4. Threat from new entrant
3.4.3.5. Competitive rivalry
3.5. PESTEL Analysis
3.5.1. Political Landscape
3.5.2. Environmental Landscape
3.5.3. Social Landscape
3.5.4. Technology Landscape
3.5.5. Legal Landscape
3.6. Major Deals & Strategic Alliances Analysis
3.6.1. Joint Ventures
3.6.2. Mergers & Acquisitions
3.6.3. Licensing & Partnership
3.6.4. Technology Collaborations
3.6.5. Strategic Divestments
Chapter 4. Somatostatin Analogs Market - Competitive Analysis
4.1. Recent developments & impact analysis, by key market participants
4.2. Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
4.3. Public Companies
4.3.1. Company market position analysis (Revenue, geographic presence, product portfolio, key serviceable industries, key alliances)
4.3.2. Competitive Dashboard Analysis
4.3.3. Market Differentiators
4.3.4. Synergy Analysis: Major Deals & Strategic Alliances
4.4. Private Companies
4.4.1. List of key emerging companies
4.4.2. Regional network map
Chapter 5. Somatostatin Analogs Market: Type Estimates & Trend Analysis
5.1. Definitions & Scope
5.2. Type market share analysis, 2018 & 2026
5.3. Type Dashboard
5.4. Global Somatostatin Analogs Market, by Type, 2015 to 2026
5.5. Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the following
5.5.1. Lanreotide
5.5.2. Octreotide
5.5.3. Pasireotide
Chapter 6. Somatostatin Analogs Market: Application Estimates & Trend Analysis
6.1. Definitions & Scope
6.2. Application market share analysis, 2018 & 2026
6.3. Application Dashboard
6.4. Global Somatostatin Analogs Market, by Application, 2015 to 2026
6.5. Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the following
6.5.1. Acromegaly
6.5.2. Neuroendocrine Tumors (NETs)
6.5.3. Others
Chapter 7. Somatostatin Analogs Market: Regional Estimates & Trend Analysis, by Type, Application
7.1. Regional Market Snapshot
7.2. Regional Market Share and Leading Players, 2018
7.3. SWOT Analysis, by Factor (Political & Legal, Economic And Technological)
7.3.1. North America
7.3.2. Europe
7.3.3. Asia Pacific
7.3.4. Latin America
7.3.5. Middle East & Africa
7.4. Market Size, & Forecasts, and Trend Analysis, 2018 to 2026
7.4.1. North America
7.4.2. Europe
7.4.3. Asia Pacific
7.4.4. Latin America
7.4.5. Middle East Africa
Chapter 8. Company Profiles
8.1. Strategic Framework
8.1.1. Novartis AG
8.1.2. Sun Pharmaceutical Industries Ltd
8.1.3. Midatech Pharma PLC
8.1.4. Ipsen Pharma
8.1.5. Chiasma, Inc.
8.1.6. Peptron, Inc.
8.1.7. Crinetics Pharmaceuticals
8.1.8. Dauntless Pharmaceuticals
8.1.9. Camurus AB
8.1.10. Teva Pharmaceuticals Inc.
8.1.11. Pfizer Inc.
For more information about this report visit https://www.researchandmarkets.com/r/rdc7e2
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
View original content:http://www.prnewswire.com/news-releases/global-somatostatin-analogs-industry-outlook-2019-2026---pasireotide-estimated-to-be-the-fastest-growing-segment-over-the-forecast-period-300973913.html
SOURCE Research and Markets
