Product Code: r33121
Somavert is a prescription medication containing pegvisomant, a growth hormone receptor antagonist designed to regulate excess growth hormone levels. It is primarily used to treat acromegaly in patients who have not responded adequately to other therapies.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The main types of somavert are prefilled and non-prefilled formulations. Prefilled Somavert is a pre-assembled injection device containing the medication, designed for convenient, ready-to-use administration. Somavert is used for various clinical indications such as acromegaly, endocrine disorders, pituitary disorders, and others. It is distributed through channels such as hospital pharmacies, retail pharmacies, and online pharmacies. The end users of somavert include hospitals, specialty clinics, ambulatory surgical centers, research and academic institutions, and homecare settings.
The somavert market research report is one of a series of new reports from The Business Research Company that provides somavert market statistics, including somavert industry global market size, regional shares, competitors with a somavert market share, detailed somavert market segments, market trends and opportunities, and any further data you may need to thrive in the somavert industry. This somavert market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The somavert market size is expected to see steady growth in the next few years. It will grow to $323.6 million in 2029 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to the growing prevalence of acromegaly, expanding insurance coverage for rare diseases, increased focus on precision medicine, regulatory approvals for expanded indications, and growth in telemedicine consultations. Major trends in the forecast period include the development of long-acting formulations, integration of AI in treatment monitoring, rising use of digital health platforms for patient management, increased focus on rare disease awareness campaigns, and the emergence of biosimilars for cost-effective treatment.
The rising prevalence of acromegaly is expected to accelerate the growth of the somavert market in the coming years. Acromegaly is a rare, serious condition caused by the overproduction of growth hormone (GH), typically due to a benign pituitary tumor known as a pituitary adenoma. The growing incidence of acromegaly is largely due to improvements in diagnostic capabilities, increased awareness, and possible environmental or genetic factors. Somavert, a growth hormone receptor antagonist, is highly effective in treating acromegaly by reducing levels of insulin-like growth factor-1 (IGF-1), alleviating symptoms, and reducing complications from excessive growth hormone production. For example, in May 2024, the Barrow Neurological Institute reported that acromegaly remains rare, with approximately 10 new cases diagnosed per million individuals annually. As a result, the rising prevalence of acromegaly is driving growth in the somavert market.
The increasing prevalence of chronic and rare diseases is expected to significantly boost the growth of the somavert market. Chronic and rare diseases, which develop slowly and affect a small portion of the population, are becoming more prevalent due to several factors such as advancements in medical technology, improved diagnostic tools, longer life expectancies, and better public awareness. These factors contribute to more frequent diagnoses and the identification of more patients. Somavert, which inhibits growth hormone action, is particularly effective for chronic disease patients, especially those with acromegaly, by lowering elevated levels of IGF-1, managing symptoms, preventing complications, and improving overall quality of life. For instance, in April 2024, Allergy UK reported that over 21 million people in the UK were affected by allergies, making it the most common chronic health condition in 2022. Projections suggest that by 2026, half of Europe's population will suffer from at least one allergy. Additionally, the Personalized Medicine Coalition reported in February 2024 that the US FDA approved 16 new personalized treatments for rare diseases in 2023, a notable increase from 6 treatments in 2022. Consequently, the rising prevalence of chronic and rare diseases is driving the growth of the somavert market.
The increasing rate of product approvals is expected to further propel the growth of the somavert market. Product approvals refer to the regulatory clearance granted by health authorities, allowing a drug or therapy to be marketed and used in medical treatments. The rising number of product approvals can be attributed to advancements in medical research, improvements in clinical trial methodologies, regulatory reforms, and the increasing demand for innovative therapies. Somavert plays a role in this trend by demonstrating the effectiveness of targeted treatments for rare diseases, which encourages further investment from both regulatory bodies and the pharmaceutical industry in the development of similar innovative treatments. For example, in January 2024, the Center for Drug Evaluation and Research (CDER) reported that the FDA approved 55 novel drugs in 2023, with 20 (36%) being first-in-class, compared to 37 approvals in 2022. As a result, the growing number of product approvals is a key driver for the expansion of the somavert market.
Key player operating in the somavert market is Pfizer Inc.
North America was the largest region in the somavert market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in somavert report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the somavert market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The somavert market consists of sales of growth hormone receptor antagonists, biologic drugs, injectable formulations, and acromegaly treatment products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Somavert Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on somavert market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for somavert ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The somavert market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
- Markets Covered:1) By Type: Prefilled; Non-prefilled
- 2) By Clinical Indication: Acromegaly; Endocrine Disorders; Pituitary Disorders; Other Rare Growth Disorders
- 3) By Distribution Channel : Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
- 4) By End Users: Hospitals; Specialty Clinics; Ambulatory Surgical Centers; Research And Academic Institutions; Homecare Settings
- Companies Mentioned: Pfizer Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Table of Contents
1. Executive Summary
2. Somavert Market Characteristics
3. Somavert Market Biologic Drug Characteristics
- 3.1. Molecule Type
- 3.2. Route Of Administration (ROA)
- 3.3. Mechanism Of Action (MOA)
- 3.4. Safety And Efficacy
4. Somavert Market Trends And Strategies
5. Somavert Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market
6. Global Somavert Growth Analysis And Strategic Analysis Framework
- 6.1. Global Somavert PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 6.2. Analysis Of End Use Industries
- 6.3. Global Somavert Market Growth Rate Analysis
- 6.4. Global Somavert Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 6.5. Global Somavert Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
- 6.6. Global Somavert Total Addressable Market (TAM)
7. Global Somavert Market Pricing Analysis & Forecasts
8. Somavert Market Segmentation
- 8.1. Global Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Prefilled
- Non-prefilled
- 8.2. Global Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Acromegaly
- Endocrine Disorders
- Pituitary Disorders
- Other Rare Growth Disorders
- 8.3. Global Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- 8.4. Global Somavert Market, Segmentation By End Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Research And Academic Institutions
- Homecare Settings
9. Global Somavert Market Epidemiology Of Clinical Indications
- 9.1. Drug Side Effects
- 9.2. Incidence And Prevalence of Clinical Indications
10. Somavert Market Regional And Country Analysis
- 10.1. Global Somavert Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 10.2. Global Somavert Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Asia-Pacific Somavert Market
- 11.1. Asia-Pacific Somavert Market Overview
- Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 11.2. Asia-Pacific Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 11.3. Asia-Pacific Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 11.4. Asia-Pacific Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. China Somavert Market
- 12.1. China Somavert Market Overview
- 12.2. China Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
- 12.3. China Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
- 12.4. China Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
13. India Somavert Market
- 13.1. India Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 13.2. India Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 13.3. India Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. Japan Somavert Market
- 14.1. Japan Somavert Market Overview
- 14.2. Japan Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 14.3. Japan Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 14.4. Japan Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Australia Somavert Market
- 15.1. Australia Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 15.2. Australia Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 15.3. Australia Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. South Korea Somavert Market
- 16.1. South Korea Somavert Market Overview
- 16.2. South Korea Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 16.3. South Korea Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 16.4. South Korea Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Western Europe Somavert Market
- 17.1. Western Europe Somavert Market Overview
- 17.2. Western Europe Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 17.3. Western Europe Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 17.4. Western Europe Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. UK Somavert Market
- 18.1. UK Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 18.2. UK Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 18.3. UK Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Germany Somavert Market
- 19.1. Germany Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 19.2. Germany Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 19.3. Germany Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. France Somavert Market
- 20.1. France Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 20.2. France Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 20.3. France Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Somavert Market
- 21.1. Eastern Europe Somavert Market Overview
- 21.2. Eastern Europe Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 21.3. Eastern Europe Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 21.4. Eastern Europe Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. North America Somavert Market
- 22.1. North America Somavert Market Overview
- 22.2. North America Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 22.3. North America Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 22.4. North America Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. USA Somavert Market
- 23.1. USA Somavert Market Overview
- 23.2. USA Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 23.3. USA Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 23.4. USA Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. Canada Somavert Market
- 24.1. Canada Somavert Market Overview
- 24.2. Canada Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 24.3. Canada Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 24.4. Canada Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. South America Somavert Market
- 25.1. South America Somavert Market Overview
- 25.2. South America Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 25.3. South America Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 25.4. South America Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. Middle East Somavert Market
- 26.1. Middle East Somavert Market Overview
- 26.2. Middle East Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 26.3. Middle East Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 26.4. Middle East Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Africa Somavert Market
- 27.1. Africa Somavert Market Overview
- 27.2. Africa Somavert Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 27.3. Africa Somavert Market, Segmentation By Clinical Indication, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 27.4. Africa Somavert Market, Segmentation By Distribution Channel , Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Somavert Market Competitive Landscape And Company Profiles
- 28.1. Somavert Market Competitive Landscape
- 28.2. Somavert Market Company Profiles
- 28.2.1. Pfizer Inc. Overview, Products and Services, Strategy and Financial Analysis
29. Global Somavert Market Pipeline Analysis
- 29.1. High Level Clinic Trail Information
30. Global Somavert Market Competitive Benchmarking And Dashboard
31. Key Mergers And Acquisitions In The Somavert Market
32. Recent Developments In The Somavert Market
33. Somavert Market High Potential Countries, Segments and Strategies
- 33.1 Somavert Market In 2029 - Countries Offering Most New Opportunities
- 33.2 Somavert Market In 2029 - Segments Offering Most New Opportunities
- 33.3 Somavert Market In 2029 - Growth Strategies
- 33.3.1 Market Trend Based Strategies
- 33.3.2 Competitor Strategies
34. Appendix
- 34.1. Abbreviations
- 34.2. Currencies
- 34.3. Historic And Forecast Inflation Rates
- 34.4. Research Inquiries
- 34.5. The Business Research Company
- 34.6. Copyright And Disclaimer