Gastrin Hormone Market Analysis

  • Report ID: 4036
  • Published Date: Apr 27, 2023
  • Report Format: PDF, PPT

Gastrin Hormone Market Analysis

The global gastrin hormone market is segmented and analyzed for demand and supply by salt type into segmented into ammonium acetate, trifluoroacetate, and others. Out of the three types of salt, the ammonium acetate segment is estimated to gain the largest market share of about ~45% in the year 2035. The main use of ammonium acetate is in the form of a food acidity regulator. It is used in the form of a food acidity regulator. In other words, ammonium acetate is a food additive that is useful for changing and controlling the alkalinity or acidity of foods. Thus, the rising cases of acidity are expected to create favorable opportunities for segment expansion in the upcoming years. A recent report published in 2022 stated that about 30% of Indian adults suffer from acidity and indigestion problems. In addition, ammonium acetate improves the production of gastrin hormone that aids the digestion of food and is beneficial in treating gastrointestinal diseases. These factors are projected to maintain the growth of the segment during the assessment period.

The global gastrin hormone market is also segmented and analyzed for demand and supply by end-user into hospitals, specialty clinics, and others. Amongst these segments, the hospital segment is expected to garner a significant share of around ~46% in the year 2035. The major factor for segment growth during the forecast period is the increasing patient footfall in hospitals owing to the rising cases of obesity, ulcers, and infections related to the stomach and gut. A report published in 2020 stated that 1 in 3 adults was overweight and 2 in 5 adults have obesity which is equivalent to 13% of adults being obese and 39% of people being overweight across the globe. Moreover, the availability of better medication and the presence of trained gastroenterologists in the hospitals are also considered to positively contribute to segment growth.

Our in-depth analysis of the global market includes the following segments:

        By Salt Type

  • Ammonium Acetate
  • Trifluoroacetate
  • Others

        By Packaging Size

  • 0.5 mg
  • 1 mg
  • 5 mg
  • Others

        By End User

  • Hospital
  • Specialty Clinics
  • Others
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Browse Key Market Insights with Data Illustration:

Author Credits:  Radhika Pawar

  • Report ID: 4036
  • Published Date: Apr 27, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing prevalence of gastric diseases, such as gastritis, is estimated to boost the market growth.

The market size of gastrin hormone is anticipated to attain a CAGR OF 5% over the forecast period, i.e., 2023-2035.

Side effects associated with over secretion of gastric acid along with the less awareness level about gastric diseases are some of the factors that are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are RayBiotech Life, Inc., KareBay Biochem, Inc., Cayman Chemical Company, Cambridge Bioscience Limited, CPC Scientific Inc., Abcepta, GenScript Biotech Corporation, Qingdao Echemi Technology Co., Ltd., VWR International, LLC., and other key players.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by salt type, packaging size, end-user, and by region.

The hospital segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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