Insulin-like Growth Factors Market Demand and Growth Opportunities Detailed Analysis Report with a CAGR of 5.13% from 2024-2031.
The Insulin-like Growth Factors Market is valued at US$ 275.1 Mn in 2023, and it is expected to reach US$ 406.1 Mn by 2031, with a CAGR of 5.13% during the forecast period of 2024-2031.
(EMAILWIRE.COM, July 24, 2024 ) InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the Insulin-like Growth Factors Market- By Type (Mechano Growth Factor, Somatomedin C, IGF 1), By End-user (Hospitals, Medical Centers), Industry Trends, and Global Forecasts, 2022-2035 And Segment Revenue and Forecast To 2031.
Download Free Demo Report: https://www.insightaceanalytic.com/request-sample/2561
A protein made by the body that stimulates the growth of many types of cells. Insulin-like growth factor is similar to insulin (a hormone made in the pancreas). There are two forms of insulin-like growth factor called IGF-1 and IGF-2. The name insulin-like growth factor reflects the fact that these substances exhibit insulin-like actions in certain tissues, although they are far less potent than insulin in reducing blood glucose concentrations. Their primary function is to stimulate growth. While IGFs share this growth-stimulating capability with other growth factors, such as epidermal growth factor, platelet-derived growth factor, and nerve growth factor, IGFs are unique because they are the only growth factors with well-documented endocrine actions in humans.
IGFs are crucial for normal growth and development, particularly during childhood and adolescence. They stimulate the growth of bones and tissues, ensuring proper physical development. IGFs play a significant role in muscle growth and repair. They enhance protein synthesis and muscle cell proliferation, making them important for muscle recovery and strength. IGF-1, in particular, is essential for bone growth and density. It helps in the formation of new bone tissue and maintains bone strength, reducing the risk of fractures and osteoporosis.
List of Prominent Players in the Insulin-like Growth Factors Market
Boehringer Ingelheim International GmbH
Genervon Biopharmaceuticals LLC
Ascendis Pharma
Regulaxis SAS
MedImmune, LLC
Other Prominent Players
Market Dynamics:
Drivers:
The rising incidence of chronic diseases such as diabetes, cancer, and growth hormone deficiencies necessitate the use of IGF-based therapies. IGFs are used to manage these conditions, driving market demand. The expanding fields of regenerative medicine and anti-aging therapies utilize IGFs for their ability to promote cell growth and tissue repair. This broadens the market for IGF applications beyond traditional medical treatments. Increasing health awareness and changing lifestyles that prioritize fitness and well-being contribute to the demand for IGF supplements and therapies. IGFs are recognized for their role in enhancing muscle growth and overall health.
Challenges:
The potential side effects and safety concerns associated with IGF therapies, such as an increased risk of cancer and other adverse effects, can limit their adoption. Ensuring the long-term safety of these treatments is crucial for market acceptance. Despite extensive research, the complete understanding of IGF mechanisms and their interactions with other biological pathways is still limited. This can hinder the development of targeted therapies and their effectiveness.
Regional Trends:
North America has a growing geriatric population. As people age, their levels of growth factors decline. IGFs are being investigated as a potential therapy to combat the effects of aging, which could be a significant market driver in the region. North America boasts a well-established research infrastructure with leading universities and pharmaceutical companies. This fosters innovation and development in the field of IGF research.
Curious about this latest version of the report? @ https://www.insightaceanalytic.com/enquiry-before-buying/2561
Recent Developments:
In Aug 2021, Ascendis Pharma A/S, a biopharmaceutical company, today announced that the U.S. Food and Drug Administration (FDA) has approved SKYTROFA (lonapegsomatropin-tcgd) for the treatment of pediatric patients one year and older who weigh at least 11.5 kg (25.4 lb) and have growth failure due to inadequate secretion of endogenous growth hormone (GH). The company uses its novel TransCon technologies to potentially create new treatments that make a meaningful difference in patients' lives.
In January 2024, Ascendis Pharma A/S, After reaching an exclusive distribution agreement with Danish business Ascendis Pharma A/S (NASDAQ: ASND), Specialized Therapeutics Asia Pte Ltd (ST), an independent biopharmaceutical company, has expanded its portfolio to include three novel endocrinology medicines. The agreement states that ST will market Ascendis Pharma's weekly injectable pediatric human growth hormone treatment, SKYTROFATM (lonapegsomatropin), YORVIPATHTM (palopegteriparatide), for hypoparathyroidism, and TransConTM CNP (navepegritide), an investigational treatment for achondroplasia.
Segmentation of Insulin-like Growth Factors Market.
Global Insulin-like Growth Factors Market, By Type
Mechano Growth Factor
Somatomedin C
IGF 1
Global Insulin-like Growth Factors Market By End-user
Hospitals
Medical Centers
Global Insulin-like Growth Factors Market By Region
North America-
The US
Canada
Mexico
Europe-
Germany
The UK
France
Italy
Spain
Rest of Europe
Asia-Pacific-
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America-
Brazil
Argentina
Rest of Latin America
Middle East & Africa-
GCC Countries
South Africa
Rest of the Middle East and Africa
For More Customization @https://www.insightaceanalytic.com/customisation/2561
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Download Free Demo Report: https://www.insightaceanalytic.com/request-sample/2561
A protein made by the body that stimulates the growth of many types of cells. Insulin-like growth factor is similar to insulin (a hormone made in the pancreas). There are two forms of insulin-like growth factor called IGF-1 and IGF-2. The name insulin-like growth factor reflects the fact that these substances exhibit insulin-like actions in certain tissues, although they are far less potent than insulin in reducing blood glucose concentrations. Their primary function is to stimulate growth. While IGFs share this growth-stimulating capability with other growth factors, such as epidermal growth factor, platelet-derived growth factor, and nerve growth factor, IGFs are unique because they are the only growth factors with well-documented endocrine actions in humans.
IGFs are crucial for normal growth and development, particularly during childhood and adolescence. They stimulate the growth of bones and tissues, ensuring proper physical development. IGFs play a significant role in muscle growth and repair. They enhance protein synthesis and muscle cell proliferation, making them important for muscle recovery and strength. IGF-1, in particular, is essential for bone growth and density. It helps in the formation of new bone tissue and maintains bone strength, reducing the risk of fractures and osteoporosis.
List of Prominent Players in the Insulin-like Growth Factors Market
Boehringer Ingelheim International GmbH
Genervon Biopharmaceuticals LLC
Ascendis Pharma
Regulaxis SAS
MedImmune, LLC
Other Prominent Players
Market Dynamics:
Drivers:
The rising incidence of chronic diseases such as diabetes, cancer, and growth hormone deficiencies necessitate the use of IGF-based therapies. IGFs are used to manage these conditions, driving market demand. The expanding fields of regenerative medicine and anti-aging therapies utilize IGFs for their ability to promote cell growth and tissue repair. This broadens the market for IGF applications beyond traditional medical treatments. Increasing health awareness and changing lifestyles that prioritize fitness and well-being contribute to the demand for IGF supplements and therapies. IGFs are recognized for their role in enhancing muscle growth and overall health.
Challenges:
The potential side effects and safety concerns associated with IGF therapies, such as an increased risk of cancer and other adverse effects, can limit their adoption. Ensuring the long-term safety of these treatments is crucial for market acceptance. Despite extensive research, the complete understanding of IGF mechanisms and their interactions with other biological pathways is still limited. This can hinder the development of targeted therapies and their effectiveness.
Regional Trends:
North America has a growing geriatric population. As people age, their levels of growth factors decline. IGFs are being investigated as a potential therapy to combat the effects of aging, which could be a significant market driver in the region. North America boasts a well-established research infrastructure with leading universities and pharmaceutical companies. This fosters innovation and development in the field of IGF research.
Curious about this latest version of the report? @ https://www.insightaceanalytic.com/enquiry-before-buying/2561
Recent Developments:
In Aug 2021, Ascendis Pharma A/S, a biopharmaceutical company, today announced that the U.S. Food and Drug Administration (FDA) has approved SKYTROFA (lonapegsomatropin-tcgd) for the treatment of pediatric patients one year and older who weigh at least 11.5 kg (25.4 lb) and have growth failure due to inadequate secretion of endogenous growth hormone (GH). The company uses its novel TransCon technologies to potentially create new treatments that make a meaningful difference in patients' lives.
In January 2024, Ascendis Pharma A/S, After reaching an exclusive distribution agreement with Danish business Ascendis Pharma A/S (NASDAQ: ASND), Specialized Therapeutics Asia Pte Ltd (ST), an independent biopharmaceutical company, has expanded its portfolio to include three novel endocrinology medicines. The agreement states that ST will market Ascendis Pharma's weekly injectable pediatric human growth hormone treatment, SKYTROFATM (lonapegsomatropin), YORVIPATHTM (palopegteriparatide), for hypoparathyroidism, and TransConTM CNP (navepegritide), an investigational treatment for achondroplasia.
Segmentation of Insulin-like Growth Factors Market.
Global Insulin-like Growth Factors Market, By Type
Mechano Growth Factor
Somatomedin C
IGF 1
Global Insulin-like Growth Factors Market By End-user
Hospitals
Medical Centers
Global Insulin-like Growth Factors Market By Region
North America-
The US
Canada
Mexico
Europe-
Germany
The UK
France
Italy
Spain
Rest of Europe
Asia-Pacific-
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America-
Brazil
Argentina
Rest of Latin America
Middle East & Africa-
GCC Countries
South Africa
Rest of the Middle East and Africa
For More Customization @https://www.insightaceanalytic.com/customisation/2561
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact Information:
Insight Ace Analytics
Diana Dsouza
Tel: +8884144123
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
Insight Ace Analytics
Diana Dsouza
Tel: +8884144123
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results