Hyperprolactinemia Treatment Market Research Insights 2022-28
The global hyperprolactinemia treatment market is expected to grow at a CAGR of x% during the forecast period 2022 to 2028 Precision Business Insights published a research report on “Hyperprolactinemia Treatment Market by Drug Type (Dopamine Agonists (Cabergoline, Bromocryptine, Lisuride, Quinagolide, Terguride)), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) and Geography (North America, Latin America, Europe, Middle East and Africa, Asia Pacific)- Global/Region/Country Forecast to 2028". Hyperprolactinemia Treatment Market is projected to grow at significant rate during the forecast duration 2022-2028
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Growing R&D
Activities will Boost Hyperprolactinemia Treatment
Market
Hyperprolactinemia is the disease identified from the
presence of high prolactin levels in one’s blood. Prolactin is mainly connected
with lactation and is secreted by anterior pituitary gland. It greatly aids in
the development of the breast during the pregnancy. Hyperprolactinemia can
cause erectile dysfunction in men and galactorrhea, disruptions in the
menstrual cycle in women. There are several factors that are projected to
foster the market growth over the forecast years such as increase in the use of
dopamine-blocking drugs like antipsychotics and dopamine synthesis inhibitors,
increasing cases of epileptic seizures and chronic renal failure and growing
research and development activities for the synthesis of novel hyperprolactinemia
treatment drugs. On the other hand, dearth of consciousness related to
hyperprolactinemia amid healthcare experts of underdeveloped countries, strict
regulatory policies to approve the product, unfavorable effects involved with
drugs available in the market and restricted count of treatment alternatives
can hinder the hyperprolactinemia market growth over the upcoming years.
The market is classified according to region, drug
type as well as distribution channel. On the basis of drug type, the market is
classified into Dopamine Agonists, Cabergoline, Bromocryptine, Lisuride, Quinagolide and Terguride, Based on distribution channel, the market is
categorized into Hospital Pharmacies, Retail
Pharmacies
and Online Pharmacies. According to
region, the market is segmented into North America, Europe,
Asia Pacific, Latin America, Middle East and Africa.
Hyperprolactinemia
Treatment Market - Regional Analysis
Hyperprolactinemia treatment market
in North America is hugely fueled by the several major factors such as increasing
use of antipsychotics as well as growing healthcare expenditure in the region.
Europe market is anticipated to witness considerable growth rate owing to the
factors including huge usage of anti-hypertensive drugs like calcium channel
drugs and accessibility of drugs are expected to impel the market growth.
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Hyperprolactinemia Treatment Market Competition Assessment
There are
several major key players operating in the hyperprolactinemia
treatment market such as GlaxoSmithKline
Plc (U.K.), Novartis AG (Switzerland), Sun Pharmaceuticals Industries Ltd.
(India), Zydus Takeda Healthcare Pvt. Ltd. (India) and Mylan N.V. (U.S.). Key
players in the market hugely concentrate on implementing a few strategies such
as mergers, acquisitions, collaborations, new product launchings and new
product approvals to reinforce their position in the market and expansion of
their business in the market. They also focus on increasing their product
portfolio in the market by bringing new products into the market.
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