Somatostatin (SSA) Analogs Market - Global Industry Analysis 2015 - 2019 and Opportunity Assessment; 2020 - 2030


Somatostatin Ssa Analogs  Market
  • To Be Published : Nov-2020 |
  • Status : Work in progress |
  • Format : Somatostatin Ssa Analogs  Market Somatostatin Ssa Analogs  Market Somatostatin Ssa Analogs  Market Somatostatin Ssa Analogs  Market

Somatostatin (SSA) analogs are the synthetic somatostatin for the treatment of disorder such as acromegaly, Carcinoid syndrome, neuroendocrine tumours and Crushing syndrome and carcinoid syndrome, by regulating the growth hormones, insulin and serotonin production. Somatostatin (SSA) analogs also function to empty intestine and stomach. According to the American Association of Neurological Surgeons, 10-15 inpidual per million populations is affected by Cushing’s syndrome every year, with high prevalence in adults (20-50 years) and especially in females. The global prevalence of acromegaly is one in 4,600 per million globally, with every new 116.9 new cases per million reported, stated by NCBI.

Somatostatin (SSA) analogs market has been globally impacted by Coronavirus pandemic and the lockdown impositions as somatostatin (SSA) analogs are administered at the doctor’s clinic. To cope with social distancing, lockdown and to administer somatostatin (SSA) analogs to patients for NET, several programs were launched for home administration of somatostatin (SSA) analogs by trained nurses.  Ipsen CARES has developed specialised somatostatin (SSA) analogs, lanreotide on the temporary basis for homebound patients and Novartis is providing long-acting octreotide with their mobile administration program (MAP) having some modified drug receiving criteria.

Somatostatin (SSA) Analogs Market: Drivers and Restraints

Increasing prevalence of acromegaly, neuroendocrine tumors, Cushing syndrome and other related diseases is expected to accelerate the growth of this global somatostatin (SSA) analogs market. Along with the support of advancing R&D, surging of novel somatostatin (SSA) analogs launches including Signifor (Pasireotide) by Novartis AG for Cushing’s syndrome and acromegaly. Government health organizations such as National Institutes of Health (NIH), the National Center for Advancing Translational Sciences (NCATS) with their supportive policies, schemes and subsidized somatostatin (SSA) analogs are serving patients with rare disorders. 

However, the global somatostatin (SSA) analogs market is constrained by the high expenditure of treatment, stringent reimbursement policies and necessity of huge investments for Somatostatin (SSA) analogs drug development.

Although, the horizon of possibilities is wide for global somatostatin (SSA) analogs market with increasing investments of pharmaceutical companies such as Sun Pharma, WOCKHARDT and Chiasma Inc. The companies are working to develop novel octreotide formulation along with the amendments in the distributions & partnerships agreements and these somatostatin (SSA) analogs are currently in pre-clinical phase.

Somatostatin (SSA) Analogs Market: Segmentation

The global somatostatin (SSA) analogs market is segmented into by the type and applications.

By Types, the global somatostatin (SSA) analogs market is segmented further into:

  • Octreotide
  • Lanreotide
  • Pasireotide

By Applications, the global somatostatin (SSA) analogs market is segmented further into:

  • Acromegaly
  • Neuroendocrine Tumors (NETs)
  • Others

Somatostatin (SSA) Analogs Market: Overview

The global somatostatin (SSA) analogs market is expected to revamp lucratively due to  the increasing diseases, advancing healthcare, elevated research and government investments into somatostatin (SSA) analogs development. By types, octreotide segment dominates somatostatin (SSA) analogs types with its massive market base in the treatment of carcinoid tumours, vasoactive intestinal peptide tumours and acromegaly. By Application, acromegaly rules the somatostatin (SSA) analogs applications with its surging awareness and alternative treatment availability.

Somatostatin (SSA) Analogs Market: Regional Outlook

North America holds dominating position in the global somatostatin (SSA) analogs market and Europe holds the second-largest market. Both the regions are driven by the high disease prevalence including acromegaly, neuroendocrine tumours and Cushing syndrome, increasing awareness, rising use of somatuline lanreotide for Carcinoid syndrome and support of government organization. The major players, Pfizer and Novartis AG also play a crucial role in the North America and Europe somatostatin (SSA) analogs market dominance. Asia pacific has registered the fastest growth rate of global somatostatin (SSA) analogs market, driven by the surging cases of NET in South Asia including China and India, and East Asia including South Korea and Japan, coupled with the rising income per capita. Latin America somatostatin (SSA) analogs market is growing gradually, countries such as Mexico, Brazil, Argentina, Ecuador Colombia, Chile, Venezuela and Peru, where somatostatin (SSA) analogs such as octreotide. Middle East & Africa somatostatin (SSA) analogs market is gaining momentum of growth. Brazil has the elevating use of octreotide and lanreotide with cost effectiveness for acromelagy, and Israel having advancing research and healthcare applications of somatostatin (SSA) analogs market.

Somatostatin (SSA) Analogs Market: Key Players

The key payers of global somatostatin (SSA) analogs market include Novartis, Pfizer, Sun Pharmaceutical, Chiasma, Ipsen, Midatech Pharma, Crinetics Pharmaceuticals, Peptron, Teva Pharmaceuticals and Camurus.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:   

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Indication
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

Somatostatin Ssa Analogs Market

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