The
global Somatostatin Market is estimated to display a robust growth in the next
couple of years, the reason being burgeoning applications and expansion of
scope around the world. Somatostatin can be defined as a peptide hormone that
controls and administers the entire endocrine system. In addition, its
production can have an effect on the neurotransmission as well as cell
proliferation. Other main function that it performs is of restraining the
insulin as well as glucagon secretion. It is also popularly known as growth
hormone-inhibiting hormone (GHIH). It is significant that the market is
attaining huge recognition across various sectors as the applications are
burgeoning are at a huge rate.
The
factors that are influencing the overall growth of the Somatostatin
Market may include industrialization, rise in the disposable
income, augmenting standard of living, change in lifestyles, technological
improvements, rising applications across various healthcare institutes,
augmented awareness among the customers, and rising concerns regarding health.
Furthermore, the manufacturers are siding with various strategies such as joint
ventures, acquisitions, and partnerships that is in turn adding up to the
inorganic growth of the industry.
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The
only factors that are hampering the Somatostatin market growth may include
implementation of severe regulations and soaring costs of treatment.
Somatostatin Market is divided by product as Non-need Cold Chain Logistics,
Need Cold Chain Logistics, and others. Somatostatin Market is classified by
type as 0.25 mg/pcs, 3 mg/pcs, 0.75 mg/pcs, and others. Somatostatin Market is
segmented by application as GI Bleeding Disease, Surgery, and others. Somatostatin
Market is categorized by end user as Drugstores, Hospitals, and others.
Somatostatin
Market is segregated by geography as North America, Europe, China, Japan,
Southeast Asia, and India. Geographically, the Somatostatin Market is
experiencing a momentous growth in the North American regions and it is likely
that the region will go on progressing with the same pace in the near future.
The U.S., Mexico, and Canada are recognized as some of the major contributors
to the market growth. The factors that can be attributed to the particular
growth may include rise in the research and development activities,
technological enhancements, and mounting demands among the customers.
The
key players contributing in the development of the Somatostatin Market are
recognized as Sanofi, Polypeptide Laboratories, SAMARTH, UBPL, SIYAO,
ShuangCheng, TianTaiShan, Hainan Zhonghe, SL PHARM, Wuhan Hualon, Chengdu
Shengnuo, Longjin, TianTaiShan, Yangtze, Lyomark Pharma, ALFA WASSERMANN,
Merck, and Qingdao Guoda.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Somatostatin in these regions, from 2012 to
2022 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
On the basis of product, this report
displays the production, revenue, price, market share and growth rate of each
type, primarily split into
•
0.25 mg/pcs
•
0.75 mg/pcs
•
3 mg/pcs
On the basis on the end users/applications,
this report focuses on the status and outlook for major applications/end users,
consumption (sales), market share and growth rate of Somatostatin for each
application, including
•
Hospitals
•
Drugstores
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