Carcinoid Syndrome Drug Market Size, Share, Growth, Potential Revenue and Key Drivers Analysis Research Report by 2026

Market Analysis: Global Carcinoid Syndrome Drug Market

Carcinoid syndrome drug market

Market Definition: Global Carcinoid Syndrome Drug Market

Carcinoid Syndrome is also known as carcinoid cancer or neuroendocrine tumor carcinoid type is ultra-rare endocrinology disorder develops in patients with carcinoid tumors and is characterized by cutaneous flushing, diarrhea and abdominal cramps. The carcinoid syndrome results from the production of vasoactive substances (including serotonin, bradykinin, histamine, prostaglandins, polypeptide hormones) secreted by the neuroendocrine tumorous cells.

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According to the statistics published in the National Organization for Rare Disorders, Inc, it was identified up to 27new cases in every one million people diagnosed with carcinoid tumors in the United States. The certain toxin and change in hormonal chemical substances have largely contributed to the rising prevalence of carcinoid syndrome and accelerating demand of novel therapies are the key factors to the market growth.

Market Drivers

Rising awareness about treatment and technological advancement is driving the growth of market

Adoption of unhealthy life style, irregular eating habits and lack of physical exercise also drives the market growth

Rapid adoption of newer formulations and novel dosage forms boosts the market growth

The emergence of drugs used in the treatment of risk associated with neuroendocrine tumor can also drive the growth of this market


Market Restraints

High cost involved in treatment and diagnosis restricts the market growth

Lack of expertise and inadequate knowledge about carcinoid syndrome in some developing countries also hinders the market growth

Scientific and major technical challenges for production of disease specific novel therapies acts as a restraint for this market


Segmentation: Global Carcinoid Syndrome Drug Market

By Organ Affected

Small Intestine

Lungs

Rectum

Appendix

Colon

Stomach

Pancreas

Liver

Others


By Therapy Type

Chemotherapy

Biological Therapy

Radiotherapy


By Treatment

Medication

Surgery


By Drug

Octreotide

Telotristat Etiprate

Lanreotide

Others


By Route of Administration

Oral

Injectable


By Distribution Channel

Online Pharmacy

Direct Tenders

Retailers

Others


By End-Users

Hospitals

Homecare

Specialty Clinics

Others


By Geography

North America

U.S.

Canada

Mexico


South America

Brazil

Rest of South America


Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Turkey

Belgium

Netherlands

Switzerland

Rest of Europe


Asia-Pacific

Japan

China

South Korea

India

Australia

Singapore

Thailand

Malaysia

Indonesia

Philippines

Rest of Asia Pacific


Middle East & Africa

South Africa

Rest of Middle East & Africa



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Key Developments in the Market:

In February 2018, Ipsen Biopharmaceuticals, Inc received Health Canada approval in Canada for Somatuline Autogel (lanreotide injection) for the treatment of carcinoid syndrome in adult patients with neuroendocrine tumours (NETs). This new indication of Somatuline Autogel significantly changes the treatment landscape for patients

In February 2017, LEXICON PHARMACEUTICALS, INC received the FDA approval for Xermelo (telotristat ethyl), an oral serotonin inhibitor for the treatment of carcinoid syndrome diarrhea in combination with somatostatin analog (SSA) therapy in cancer patients with metastatic neuroendocrine tumor. This approval of Xermelo helps patients suffering from carcinoid syndrome diarrhea throughout the United States

Competitive Analysis:

Global carcinoid syndrome drug market

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Key Market Players:

Few of the major competitors currently working in the global carcinoid syndrome drug market are Novartis AG, Teva Pharmaceutical Industries Ltd., Mylan N.V., LEXICON PHARMACEUTICALS, INC, Ipsen Biopharmaceuticals, Inc, Sirtex SIR-Spheres Pty Ltd, BTG International Ltd, WOCKHARDT, Sun Pharmaceutical Industries Ltd, Amgen Inc, Entrinsic Health Solutions, Inc., Camurus AB, Endo Pharmaceuticals Incand many others

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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