The global adrenal crisis management market garnered a market value of USD 3.3 million in 2023 and is expected to accumulate a market value of USD 6.31 million by registering a CAGR of 6.7% in the forecast period 2023 to 2033.
The market's expansion can be explained by factors such as the growing occurrence of adrenal insufficiency, advancements in technology, and increased awareness regarding the condition. The market for adrenal crisis management registered a CAGR of 3.3% in the historical period 2018 to 2022.
Adrenal crisis management refers to the immediate medical intervention used to treat a life-threatening condition that can occur in individuals with adrenal insufficiency. Adrenal insufficiency is a condition where the adrenal glands do not produce enough hormones, such as cortisol, which are essential for regulating the body's response to stress.
An adrenal crisis occurs when there is a sudden and severe drop in cortisol levels, often triggered by physical or emotional stressors, such as an infection, surgery, trauma, or intense exercise. Adrenal crisis can lead to symptoms such as severe fatigue, dizziness, low blood pressure, dehydration, nausea, vomiting, and confusion.
Report Attribute | Details |
---|---|
Expected Market Value (2023) | USD 3.3 million |
Anticipated Forecast Value (2033) | USD 6.31 million |
Projected Growth Rate (2023 to 2033) | 6.7% CAGR |
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According to market research and competitive intelligence provider Future Market Insights- the market for Adrenal crisis management reflected a value of 3.3% during the historical period, 2018 to 2022.
The adrenal crisis management market includes products and services related to the diagnosis, treatment, and management of adrenal insufficiency and adrenal crisis. This market has seen steady growth in recent years due to several factors, including an increase in the prevalence of adrenal disorders, advancements in diagnostic and treatment options, and rising awareness about the importance of early detection and management of adrenal crisis.
The market is driven by factors such as the increasing prevalence of adrenal disorders, rising demand for advanced diagnostic and treatment options, and increasing awareness about adrenal crisis management among healthcare providers and patients. Thus, the market for adrenal crisis management is expected to register a CAGR of 6.7% in the forecast period 2023 to 2033.
Increasing prevalence of adrenal disorders and advances in diagnostic and treatment options driving market growth
The prevalence of adrenal disorders, such as Addison's disease and congenital adrenal hyperplasia, is increasing globally. This has resulted in a growing demand for diagnostic and treatment options, including adrenal crisis management.
Advances in diagnostic and treatment options for adrenal disorders have expanded the capabilities of healthcare providers to diagnose and manage adrenal crisis. New imaging techniques, blood tests, and treatment options have improved the accuracy of diagnosis and made treatment more effective.
Awareness about adrenal crisis and the importance of early detection and management has increased in recent years. This has resulted in more patients seeking medical attention and healthcare providers becoming more proactive in diagnosing and treating adrenal disorders.
The development of new medical devices and technologies, such as wearable devices and telemedicine, has increased the accessibility of adrenal crisis management for patients. These devices can monitor patients' vital signs, provide real-time feedback, and improve patient outcomes.
As healthcare expenditure continues to increase globally, the demand for advanced medical technologies and treatments, including adrenal crisis management, is also increasing. This trend is expected to continue as healthcare systems aim to provide better care to patients with adrenal disorders.
Lack of awareness along with diagnostic challenges derailing the progress of adrenal crisis management market
Adrenal disorders, and adrenal crisis in particular, are often underdiagnosed and misunderstood. Many patients may not recognize the symptoms or seek medical attention, which can delay diagnosis and treatment.
The symptoms of adrenal crisis can be non-specific and can mimic other conditions, making diagnosis challenging. This can lead to delays in diagnosis and treatment.
The primary treatment for adrenal crisis is corticosteroid replacement therapy. While this is an effective treatment, it is not without its limitations, such as the risk of side effects and the need for long-term management. Treatment for adrenal disorders can be expensive, and the high cost of medications and diagnostic tests can make it challenging for patients to access necessary care.
Adrenal crisis management requires long-term adherence to medication regimens, which can be challenging for some patients. Failure to adhere to treatment can result in recurrent adrenal crisis episodes.
There have been instances of shortages of hydrocortisone, the primary medication used for adrenal crisis management. This can make it challenging for patients to access necessary medication and can lead to delays in treatment.
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Technological advancements in medical devices favoring market growth in North America
The prevalence of adrenal disorders, such as Addison's disease and congenital adrenal hyperplasia, is increasing in North America. This has resulted in a growing demand for diagnostic and treatment options, including adrenal crisis management.
The development of new medical devices and technologies, such as wearable devices and telemedicine, has increased the accessibility of adrenal crisis management for patients in North America. These devices can monitor patients' vital signs, provide real-time feedback, and improve patient outcomes.
North America has a strong healthcare infrastructure and advanced medical facilities that can provide high-quality care to patients with adrenal disorders. This has contributed to the growth of the market in the region.
Awareness about adrenal crisis and the importance of early detection and management has increased in North America. This has resulted in more patients seeking medical attention and healthcare providers becoming more proactive in diagnosing and treating adrenal disorders.
As healthcare expenditure continues to increase in North America, the demand for advanced medical technologies and treatments, including adrenal crisis management, is also increasing. Thus, North America is expected to possess a 43% market share for adrenal crisis management market in 2023.
Government initiatives favoring growth of adrenal crisis management market in Europe
The adrenal crisis management market in Europe is primarily driven by the increasing prevalence of adrenal insufficiency. Additionally, advancements in technology and the development of innovative products for the diagnosis and treatment of adrenal insufficiency have also contributed to market growth.
This includes the introduction of new and improved diagnostic tests, such as the ACTH stimulation test, and the development of new formulations of cortisol replacement therapy.
Increasing awareness among patients and healthcare providers about the importance of early diagnosis and effective management of adrenal insufficiency has also played a significant role in driving market growth. This has led to increased demand for adrenal crisis management products and services in Europe.
Furthermore, government initiatives to improve healthcare infrastructure and increase access to healthcare services, particularly in developing countries, have also contributed to market growth.
This includes the development of healthcare facilities and the expansion of healthcare services to underserved areas. Thus, Europe is expected to possess a 41% market share for adrenal crisis management market in 2023.
Use of intravenous injections preventing complications and helping in raising cortisol levels
Adrenal crisis is a medical emergency that requires prompt and aggressive treatment, and intravenous administration of hydrocortisone is the most effective way to raise cortisol levels quickly and prevent complications.
Hydrocortisone is a synthetic form of cortisol that mimics the action of the natural hormone. It can be given intravenously, intramuscularly, or orally, but intravenous injection is the preferred route for adrenal crisis because it provides the most rapid and reliable absorption.
Intravenous hydrocortisone is typically administered at a dose of 100mg every 6 hours until the patient's condition stabilizes. The dose may then be gradually tapered over several days as the patient recovers.
This, in turn, helps the patient to recover. Thus, intravenous injections are expected to possess 53% market share for adrenal crisis management market in 2023.
Key players in the adrenal crisis management are Eton Pharmaceuticals, Antares Pharma, Takeda Pharmaceutical Company Limited, Sandoz International GmbH, Pfizer Inc., Bristol-Myers Squibb Company, Merck KGaA, Mallinckrodt Pharmaceuticals, Mylan Pharmaceutical AG and Medtronic
Report Attribute | Details |
---|---|
Market Value in 2023 | USD 3.3 million |
Market Value in 2033 | USD 6.31 million |
Growth Rate | CAGR of 6.7% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD Million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Diagnosis Method; Treatment Method; Distribution Channel; Region |
Regions Covered | North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, India, Malaysia, Singapore, Thailand, China, Japan, South Korea, Austria, New Zealand, GCC Countries, South Africa, Israel |
Key Companies Profiled | Diagnosis Method; Treatment Method; Distribution Channel; RegionEton Pharmaceuticals; Antares Pharma; Takeda Pharmaceutical Company Limited; Sandoz International GmbH; Pfizer Inc.; Bristol-Myers Squibb Company; Merck KGaA; Mallinckrodt Pharmaceuticals; Mylan Pharmaceutical AG; Medtronic Plc. |
Customization | Available Upon Request |
The market is valued at USD 1.31 billion in 2023.
The market rose at a 3.3% CAGR from 2018 to 2022.
The market is expected to reach USD 6.31 million by 2033.
The market is projected to develop at a CAGR of 6.7%.
Lack of awareness, combined with diagnostic hurdles, is impeding the growth of the industry.
1. Executive Summary | Adrenal Crisis Management Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Diagnosis Method 5.1. Blood Test 5.2. ACTH Stimulation Test 5.3. Insulin-induced Hypoglycaemia Test 5.4. Imaging Test 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Treatment Method 6.1. Oral Cortisone 6.1.1. Hydrocortisone 6.1.2. Fludrocortisone Acetate 6.2. Intravenous Injections 6.2.1. Corticosteroids 6.2.2. Saline Solution 6.2.3. Sugar (Dextrose) 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 7.1. Hospital Pharmacy 7.2. Retail Pharmacy 7.3. Online Pharmacy 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. South Asia 8.5. East Asia 8.6. Oceania 8.7. Middle East & Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Eton Pharmaceuticals 18.2. Antares Pharma 18.3. Takeda Pharmaceutical Company Limited 18.4. Sandoz International GmbH 18.5. Pfizer Inc. 18.6. Bristol-Myers Squibb Company 18.7. Merck KGaA 18.8. Mallinckrodt Pharmaceuticals 18.9. Mylan Pharmaceutical AG 18.10. Medtronic 19. Assumptions & Acronyms Used 20. Research Methodology
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