What is Desmopressin Acetate?
Desmopressin Acetate is a drug which is given to control the amount of urine kidneys make. In normal individual, the amount of urine is controlled by a substance known as vasopressin. Desmopressin is a synthetic form of vasopressin given in an abnormal condition.
It works by controlling thirst and too much urination due to these conditions. It thus helps in keeping body hydrated. People with diabetes insipidus does not make enough vasopressin. Thus, this medication is highly recommended in diabetic patients. Further, it can also be given in patients with brain surgery or head injury. The drug is also recommended in children to control nighttime bedwetting.
Following are some of the driving factors that are increasing the market for Desmopressin Acetate:
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Increasing prevalence of diabetes among population across the globe:
Diabetes is a chronic disease, which have affected millions of people across the globe. This can be associated with the changes in the lifestyle, which is one of the attributes which propels the rise in the number of diabetic patients worldwide. According to the International Diabetes Federation, the number of cases of diabetes in 2019 was nearly 463 million, which is likely to reach 700 million by 2045.
The prevalence of diabetes is high in urban area, owing to changing lifestyle, unhealthy eating habits as well as lack of physical activities. The increased demand for the junk food among children is causing excessive prevalence of diabetes in children below age of 10. Thus, rise in the prevalence of diabetes surges the market for desmopressin acetate.
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Rising geriatric population
Mostly developed countries are facing increasing number of older population due to rising life expectancy. An increase in longevity raises the average age of the population by increasing the numbers of surviving older people. Declining fertility is one of the major reasons in increasing geriatric population. Due to this, numbers of younger people are reducing. It has been estimated that rate of population ageing is likely to increase over the next three decades giving rise to increase in the geriatric population. This thus helps in stimulating the growth of market.
Conclusion:
North America region is accounted for highest revenue market share due to the high prevalence of diabetes insipidus patients in countries like the U.S., and Canada. Further Europe has significant share in the market due to high awareness regarding the benefits of desmopressin acetate.
Author's Detail:
Kalyani Raje / Linkedin
With a work experience of over 8+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as report writing, content writing, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
Author's Detail:
Kalyani Raje /
LinkedIn
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
