Carcinoid Syndrome Diarrhea Treatment Market: Future Demand, Market Analysis & Outlook to 2027
Carcinoid syndrome is associated with carcinoid tumor and is classified as rare cancerous tumor cells secreting chemicals into the bloodstream affecting gastrointestinal tract or lungs. In the advanced-stage carcinoid tumors might affect by causing heart diseases, diarrhea, and carcinoid crisis. If carcinoid tumor is not detected, carcinoid syndrome can be undiagnosed as its symptoms resemble other diseases such as asthma, irritable bowel disease, and menopause
Carcinoid Syndrome Diarrhea Treatment Market: Overview
Carcinoid syndrome diarrhea is characterized by symptoms such as facial flushing, abdominal discomfort, fatigue, and may lead damage in the heart valve. The patients of carcinoid syndrome release a high amount of serotonin which leads to uncontrolled diarrhea. If carcinoid syndrome diarrhea is not treated it may lead to excessive weight loss, dehydration, electrolyte imbalance, and other life-threatening symptoms.
Carcinoid Syndrome Diarrhea Treatment Market: Drivers and Restraints
Carcinoid syndrome diarrhea treatment market would grow during the forecast years as many multi-national companies are focusing towards new product innovations in carcinoid syndrome diarrhea treatment. Also, the market for carcinoid syndrome diarrhea treatment would experience a boost as the treatment available for this disease are limited, and the company’s manufacturing drugs would target a wide market hence gaining huge market share in the carcinoid syndrome diarrhea treatment market. According to American Cancer Society, the worldwide incidence of carcinoid tumor is estimated that approximately 8000 adults in the United States are diagnosed with a carcinoid tumor in the gastrointestinal tract. Other factors contributing to carcinoid syndrome diarrhea treatment market are increasing the incidence of hormonal disorders, growing smoking habits, and increasing prevalence of the disease. The market for carcinoid syndrome diarrhea treatment would be affected due to the low availability of therapeutic options for treatment of the disease.
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Carcinoid Syndrome Diarrhea Treatment Market: Segmentation
The market for Carcinoid Syndrome Diarrhea Treatment can be primarily segmented into the various therapy types, distribution channel, and regions:
By Therapy Types:
- Somatostatin Analog (SSA) Therapy
- Oral Therapy
By Distribution Channels:
- Speciality Pharmacy
- Retail Pharmacy
- Prescription Drug Stores
- Mail Order Pharmacy
Carcinoid Syndrome Diarrhea Treatment Market: Region Wise Outlook
Geographically, the Carcinoid Syndrome Diarrhea Treatment market can be segmented into seven regions, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa. North America is the most attractive region for the carcinoid syndrome diarrhea treatment market attributing to the increasing prevalence of the disease in this region. Followed by which is Europe and Japan as the leading regions in carcinoid syndrome diarrhea treatment market. These markets are also growing significantly due to the focus on the new therapy developments for carcinoid syndrome diarrhea treatment which would ease in the reduction of incidence rare. Asia Pacific excluding Japan is also expected to show significant growth in carcinoid syndrome diarrhea treatment market due to increase in research and development activities, and development of healthcare infrastructure in this region. Asia-Pacific excluding Japan region has the presence of many small players which are operating at a regional level and contribute to a significant market share of the carcinoid syndrome diarrhea treatment market.
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Carcinoid Syndrome Diarrhea Treatment Market: Key Players
The major participants in the global carcinoid syndrome diarrhea treatment market are Lexicon Pharmaceuticals, Inc., Novartis International AG (Sandoz), Pharmascience Inc., Omega Laboratories Ltd., Teva Pharmaceutical Industries Ltd., Mylan N.V., Ipsen Biopharmaceuticals, Inc., Sirtex Medical Limited, BTG International Ltd among others. Lexicon Pharmaceuticals, Inc.is the first company to gain approval by U.S. Food and Drug Administration for orally administered therapy drug for the treatment of carcinoid syndrome diarrhea. As the treatment available for carcinoid syndrome diarrhea are limited, multiple companies are focusing on increased research and development for new targeted delivery of disease and targeting huge market share.
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Regional analysis for Market includes
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