The 7 major multiple endocrine neoplasia markets are expected to exhibit a CAGR of 10.2% during 2024-2034.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2034
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Historical Years
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2018-2023
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Market Growth Rate 2024-2034 | 10.2% |
The multiple endocrine neoplasia market has been comprehensively analyzed in IMARC's new report titled "Multiple Endocrine Neoplasia Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Multiple endocrine neoplasia (MEN) refers to a rare genetic disorder characterized by the production of tumors in multiple endocrine glands. These tumors are typically benign but can lead to excessive hormone production, causing a range of symptoms and complications. The indications of the illness can vary depending on the affected glands but commonly include hyperparathyroidism, which causes elevated calcium levels and can result in kidney stones and weakened bones. Additionally, individuals suffering from MEN may experience symptoms related to the overproduction of hormones by the pituitary, adrenal, and pancreatic glands, such as excessive thirst, high blood pressure, and gastrointestinal issues. Diagnosing this ailment involves a multi-step process, including clinical evaluation and biochemical tests. Physicians may recommend genetic testing to identify mutations in the MEN1 or MEN2 genes, as well as imaging studies like CT scans or MRIs to locate tumors within the endocrine glands. Early detection and management of the disorder are crucial to prevent complications in patients.
The increasing cases of mutations in specific genes that help to regulate cell proliferation and division are primarily driving the multiple endocrine neoplasia market. In addition to this, the inflating utilization of potent pharmaceutical agents, such as somatostatin analogs, kinase inhibitors, and mTOR inhibitors, aimed at managing hormonal imbalances and inhibiting tumor growth, is also creating a positive outlook for the market. Moreover, the widespread adoption of radiation therapies, which focus on shrinking tumor sizes or relieving symptoms in individuals suffering from the ailment, is further bolstering the market growth. Apart from this, the rising usage of novel diagnostic modalities like advanced imaging techniques and molecular testing, since they can enhance early detection and accurate diagnosis, thereby facilitating timely and effective treatment, is acting as another significant growth-inducing factor. Additionally, the emerging popularity of surgical interventions, including minimally invasive parathyroidectomy and laparoscopic adrenalectomy, that help to provide curative options with minimum side effects is also augmenting the market growth. Furthermore, the escalating application of gene therapy, which aims to replace or repair the faulty genes that lead to the development of tumors, is expected to drive the multiple endocrine neoplasia market during the forecast period.
IMARC Group's new report provides an exhaustive analysis of the multiple endocrine neoplasia market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for multiple endocrine neoplasia and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the multiple endocrine neoplasia market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current multiple endocrine neoplasia marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Market Insights
Epidemiology Insights
Multiple Endocrine Neoplasia: Current Treatment Scenario, Marketed Drugs and Emerging Therapies