Anabolic Steroids Industry - Regional Synopsis
North American Market Forecast
Anabolic steroids market in North America region is attributed to hold largest revenue share of about 33% during the forecast period. The market for anabolic steroids is anticipated to be dominated by North America due to the region's increasing incidence of breast cancer and increased healthcare spending, which will also accelerate the market's growth pace. There will be roughly 310,720 new instances of invasive breast cancer detected in females. There will be roughly 56,500 new diagnoses of ductal carcinoma in situ (DCIS). There will be 42,250 female breast cancer deaths. Moreover, the anabolic steroids market growth rate in this region will also be accelerated by the expanding presence of significant key players and the increased use of innovative technologies.
APAC Market Statistics
Anabolic steroids market in Asia Pacific region is projected to hold second largest revenue share of about 30% during the forecast period. The region's rising level of disposable income is the reason behind the expansion of the anabolic steroid business there. Additionally, the expansion of the healthcare sector and the growing number of generic medicine manufacturers will accelerate the growth rate of this industry. In 2018, more than 90% of the Indian pharmaceutical industry was made up of generic medications. In contrast, generics made up just about 29% of the Taiwanese pharmaceutical industry that year.
