Pituitary Cancer Market Dynamics 2018 | Projected to Grow Radiantly by 2022; Asserts MRFR Unleashing Industry Forecast

Pituitary Cancer Market - Overview

The pituitary cancer market is growing mainly due to rising prevalence of pituitary cancer. According to a recent study report published by the Market Research Future, the pericarditis market is booming and expected to gain prominence over the forecast period. The market is expected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the forecast period (2017 – 2022).

Pituitary tumours are non-cancerous tumours present in the pituitary gland that don't spread beyond the skull. Some pituitary tumours, known as secreting tumours, affect hormone levels. These tumours can cause quite unusual symptoms. There are different types of hormone producing tumours such as prolactinomas which can cause infertility, thyroid stimulating hormone producing tumours which can cause an overactive thyroid, and others. Pituitary tumors are basically divided into three group i.e. benign pituitary adenomas, invasive pituitary adenomas, and pituitary carcinomas. Pituitary carcinomas are malignant in nature and can spread into other areas of the central nervous system or outside of the central nervous system. The diagnosis of pituitary tumour can be done by various methods such as physical examination, visual field exam, eye exam, neurological exam, MRI (magnetic resonance imaging), blood chemistry study, blood tests, high-dose dexamethasone suppression test, venous sampling for pituitary tumours, biopsy, and others.

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Due to presence of major market players in this region such as Boehringer Ingelheim Pharmaceuticals, Inc., and Merck Sharp & Dohme Corp., and high healthcare expenditure, the Americas dominate the global pituitary cancer market. According to the Centres for Disease Control and Prevention in 2015, the total health expenditure in the United States was reported to be USD 3.2 trillion and hospital care accounted for a share of 32.3%.

Notably, increasing prevalence of rising government funding for research and development is the primary driver for pituitary cancer market. According to the European Federation of Pharmaceutical Industries and Association, in the year of 2016, the R&D expenditure in the European Pharmaceutical Industry was EUR 35000 million. The Indian Brand Equity Foundation (IBEF) has also suggested that in 2016 the generics market of India stood at USD 26.1 billion.

Other push factors such as, rising cases pituitary cancer, and related complications, increasing urbanization and changing lifestyles, improvement in reimbursement policies, developing retail and pharmaceutical industries, preventing occurrence of disease, and rapid advancements in product offerings are also fuelling the growth of the market. According to epidemiological data suggested by cancer registries, the prevalence of pituitary adenomas is 25 cases per 100,000 inhabitants.

Despite these drivers, presence of misbranded drugs, side effects associated with surgical interventions, expiration of blockbuster drugs, strict FDA regulations, are expected to hinder the growth of the market during the forecast period.

Prominent Players:

Valeant, Pfizer Inc, Merck Sharp & Dohme Corp., Trinity Biotech, Bupa International, Salzman International, Genentech, Inc., Zimmer Biomet Holdings, Inc., Aspen Surgical Products, Inc., Johnson & Johnson Services, Inc., Becton, Dickinson and Company, Boehringer Ingelheim Pharmaceuticals, Inc., Smith & Nephew plc, B. Braun Melsungen AG, Sigma-Aldrich Co. LLC., Medtronic plc, are some of the significant players at the forefront of competition in the pituitary cancer market and are profiled in MRFR Analysis.

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Pituitary Cancer Market - Competitive Analysis

The pituitary cancer market is currently dominated by various players. Due to rising cases of pituitary cancer, and related complications various existing and new marketers are continuously coming up with advanced products to control various health conditions. The global pituitary cancer market is currently dominated by numerous players.

Valeant is one of them by holding a strong share in the market. The company is a pharmaceutical company that engages in the development, manufacturing, and marketing of a range of pharmaceutical products. Valeant provides specialty over-the-counter (OTC) pharmaceutical products in the areas of neurology therapeutic classes, and dermatology.

Pituitary Cancer Market - Regional Analysis

The Americas dominate the pituitary cancer market owing to the rising prevalence of pituitary cancer in this region, presence of major market players, and high adoption rate of new technology. On the regional basis, the Americas pituitary cancer market is segmented into two major regions, i.e., North America and South America. The North American region holds the major share of the global pituitary cancer market.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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