Global Addison’s Disease Diagnosis and Treatment Market Forecast 2018-2023

The Addison’s disease market is expected to grow modestly across the globe during the forecast period (2018-2023). The Addison disease market is being influenced by many crucial factors such as reimbursement of the expenses incurred in the treatment by Medicare and Medicaid in the US, increasing awareness in the society and physicians, rising prevalence of disease and rising health expenditure in the major economies. The disease can affect both sexes. The number of cases of Addison’s disease has seen to be growing and more prevalent than before.

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The Addison’s disease market is growing considerably. However, there are some hindering factors which may restrict the growth of the market. In early stages of the disease, adrenal inefficiency can create difficulty in diagnosis and the physicians may have to review the medical history of the person & the symptoms. Under developed health infrastructure and low level of awareness among the public in many countries also leads to negligence of the disease, which can be life threatening.

Global Addison’s disease market is geographically analysed into four regions: North America, Europe, APAC and Rest of the World. The Addison’s disease has the largest market share in the North-America and Europe due to rising awareness, high health expenditure and well-developed health infrastructure in both the regions. Favourable reimbursement policies for the treatment of Addison’s disease in US has also positively affected the market growth in North America and has also improved awareness in the North-American region. Whereas the markets of other regions are still rising, owing to globally rising patients of Addison’s disease and introduction of new products from growing research and development.

The Addison’s disease market is being contributed by various companies. The major companies in the industry includes Pfizer Incorporation, ViroPharma, GlaxoSmithKline plc, Boehringer Ingelheim GmbH, Tocris Bioscience, DuoCort Pharma AB, Shire Plc, Lupin Limited, and many more… These market players are striving to maintain their position in the market through growth strategies such as merger and acquisition, product launch and partnership and collaboration.

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