Global leuprolide acetate market refers to the pharmaceutical market for leuprolide acetate drugs, which is a synthetic nonapeptide analog of naturally occurring gonadotropin-releasing hormone (GnRH). Leuprolide acetate is used as a medication to treat prostate cancer, breast cancer, endometriosis and uterine fibroids. As an agonist of gonadotropin-releasing hormone (GnRH) receptor, leuprolide acetate works by reducing the secretion of FSH and LH from the pituitary gland which helps in treatment of above-mentioned conditions. Increasing incidence of cancers and other disorders for which leuprolide acetate is used as a therapeutic drug can drive the global leuprolide acetate market growth during the forecast period.
Market Dynamics:
Rising prevalence of prostate cancer, breast cancer, endometriosis and uterine fibroids across the globe can drive the global leuprolide acetate market growth. According to World Cancer Research Fund, prostate cancer is the second most commonly diagnosed cancer in men globally. Favorable drug approval scenario and increasing healthcare expenditure in developing nations can drive the market growth. However, high costs associated with leuprolide acetate drugs and preference of alternative treatment options in some countries can hamper the market growth. Ongoing research & development activities for development of innovative drug delivery systems of leuprolide acetate can provide potential opportunities for market players in the near future.
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