Leuprolide Acetate Market : Growth, Demand and Key Players to 2023

Global Leuprolide Acetate Market - Overview

Leuprolide acetate is a synthetic nonapeptide analog of naturally occurring gonadotropin-releasing hormone names as Lupron. There are various uses of Lupron include the treatment of endometriosis, breast cancer and prostate cancer. It is one of the on important medicines and is the WHO Model List of, essential medical required in a fundamental well-being system.

The global Leuprolide Acetate market is expected to grow at a steady growth during the forecast period 2017-2023. The major factor increasing the growth of the market include increasing prevalence of Prostate cancer among individuals especially with aged individuals. Moreover, breast cancer has been a key market driver for the leuprolide market globally. Increasing use of leuprolide for the purpose of endometriosis treatment has fuelled the growth of the market. Between the ages of 15 and 44 women, endometriosis is affected to one or more in ten women in the United States, leading to pelvic discomfort and infertility, production loss and poor quality of life. The demand for leuprolide in veterinary treatment is another factor which adds to the growth of leuprolide acetate market.

The market is forecasted to demonstrate a steady growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period 2017–2023.

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Global Leuprolide Acetate Market - Competitive Analysis

Characterized by the presence of several well-established and small players, the global market of leuprolide acetate appears to be highly competitive and fragmented. With well-established market in the North America and European region with major companies having their home in the regions and generating maximum market share. These companies have expanded their operating unit in various other emerging regions as well. Moreover the other small and medium scale players are generating revenue from local market.

With top selling cancer products, Takeda and AbbVie account for the major market share for the leuprolide acetate market across the globe. Although there are various other companies involved in the development of the product.   Myovant Sciences a Switzerland based company involved in the development of new drug that may be able to cure both women’s health disorders and prostate cancer. Myovant with its new product relugolix has a diverse mechanism of action that that of AbbVie's Lupron Depot, letting it work faster, while the therapy is presently in last-stage of its development, with data predicted in 2019.