Companiesandmarkets.com

Global endocrinology market: 8% CAGR between 2012 and 2016

Press Release   •   Feb 25, 2013 10:59 GMT

The Global Endocrinology Drugs market is to grow at a CAGR of 7.58 percent over the period 2012-2016. One of the key factors contributing to this market growth is the introduction of new drugs. The Global Endocrinology Drugs market has also been witnessing the increase in market consolidation. However, the off-label use of the human growth hormone could pose a challenge to the growth of this market.

The Global Endocrinology Drugs market is witnessing the introduction of innovative and improved drugs and formulations using various drug-delivery technologies. The major players in the Global Endocrinology Drugs market are concentrating on developing new formulations using different drug-delivery routes. Hormone replacement therapy usually involves frequent injections. Novel formulations are using quicker and easier delivery routes than the frequent injections involved in hormone replacement therapy. In order to increase patient compliance, the major players in the Global Endocrinology market are developing novel formulations using various drug-delivery technologies.

The anticipated launch of new molecules such as PLB03002, Arimidex, Pasireotide, and C2L is expected to drive the growth of the market during the forecast period. PLB03002 is a new sustained-release recombinant human growth hormone. It is an improved formulation for the treatment of growth hormone deficiency. Pasireotide is a multireceptor-targeting somatostatin analog. C2L is an improved formulation of Sandostatin LAR. It is an improved formulation of octreotide. It is under investigation for the treatment of acromegaly. Hence, the introduction of new and better drugs is expected to drive the growth of the market.

The key vendors dominating this market space are Abbott Laboratories, Eli Lilly and Co., Novartis AG, and Pfizer Inc.

For more information on the Global endocrinology market, please click here: Global endocrinology market

For more information on the Healthcare and Medical market, please click here: Healthcare and Medical Reports

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.