Gastrin Hormone Market: Current Analysis and Forecast (2022-2028)
$4999 – $8699
Emphasis on Salt Type (Ammonium Acetate, Trifluoroacetate, and Others); By End-User (Hospital, Specialty Clinics, and Others); Region/Country.
The gastrin hormone market is expected to witness a significant CAGR of 5% during the forecast period (2022–2028). Gastrin hormone is a peptide hormone that stimulates the secretion of gastric acid (HCl) in the stomach. Gastric acid is required for the digestion of food, absorption of nutrients & vitamins, and keeping the body away from various infections by killing the microbes. Moreover, the rising prevalence of gastric disorders and acute gastritis increases the demand for synthetic gastrin in the healthcare industry will be expected to drive the demand for gastrin hormones over the forecast period. For instance, according to the Cleveland Clinic, acute gastritis affects about 8 out of every 1,000 people.
Some of the major companies operating in the gastrin hormone market include 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, Merck KGaA
Insights Presented in the Report
“Amongst salt type, the ammonium acetate category accounted for the significant share in the market in 2020”
Based on salt type, the gastrin hormone market is segmented into ammonium acetate, trifluoroacetate, and others. Among these, the ammonium acetate category is anticipated to witness a significant growth rate during the forecast period. these drugs provide relief by improving the secretion of gastric acid. The growth of this market is mainly due to the rising cases of improper digestive or gastric problems by rising consumption of unhealthy diet, and low gastrin hormone secretion. Moreover, hypochlorhydria is a deficiency of HCL acid in the stomach. Stomach secretions are made up of hydrochloric acid, several enzymes, and a mucus coating that protects the lining of the stomach
“Amongst end-user, the hospitals category is expected to witness the significant CAGR during the forecast period”
Based on end-user, the gastrin hormone market is segmented into hospitals, specialty clinics, and others. The hospitals category is anticipated to witness a considerable growth rate during the forecast period. This is mainly due to increasing patient pool in the hospitals, rising prevalence of stomach infections, long time gastric problem such as ulcers & gastrointestinal issues. These factors are contributing to the growth of this market during the forecast period. For instance, according to the Centers for Disease Control and Prevention (CDC), approximately 60% of respondents believed that ulcers were caused by too much stress; 17%, that eating spicy foods caused ulcers; and 27%, that a bacterial infection caused ulcers.
“North America to witness significant growth during the forecast period”
For a better understanding of the market, the report provides a detailed analysis of major regions and countries including North America (U.S., Canada, Rest of North America); Europe (Germany, U.K., France, Spain, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, Rest of Asia-Pacific) and Rest of World. North America accounted for a considerable market share during the forecast period. The large hospital administration of the patients, rising demand for diagnostic devices due to the surge of obesity, high alcohol & smoking ration that also inhibit the secretion of the hormones in the body and the presence of highly skilled healthcare professionals in the region. These factors will drive the growth of the market during the forecast period in the region. For instance, according to the Association of American Medical Colleges (AAMC), around 15,469 gastroenterologists are available in the U.S. in 2019.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.4.||Currency used in Report|
|2.1.||Research Process of the Gastrin Hormone Market|
|2.2.||Research Methodology of the Gastrin Hormone Market|
|2.5.||Main Objective of the Gastrin Hormone Market study|
|5||GASTRIN HORMONE MARKET COVID-19 IMPACT|
|6||GASTRIN HORMONE MARKET REVENUE, 2019-2027F|
|9.1.||North America Gastrin Hormone Market|
|9.1.3.||Rest of North America|
|9.2.||Europe Gastrin Hormone Market|
|9.2.6.||Rest of Europe|
|9.3.||Asia-Pacific Gastrin Hormone Market|
|9.3.4.||Rest of Asia-Pacific|
|9.4.||Rest of the world Gastrin Hormone Market|
|11||GASTRIN HORMONE MARKET OPPORTUNITIES|
|12||GASTRIN HORMONE MARKET TRENDS|
|13||LEGAL & REGULATORY FRAMEWORK|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|16.1.1.||Porter’s Five Forces Analysis|
|17.1.||RayBiotech Life, Inc.|
|17.2.||KareBay Biochem, Inc.|
|17.3.||Cayman Chemical Company|
|17.4.||Cambridge Bioscience Limited|
|17.5.||CPC Scientific Inc.|
|17.7.||GenScript Biotech Corporation|
|17.8.||Qingdao Echemi Technology Co., Ltd.|
|17.9.||VWR International, LLC|
Research Methodology for the Gastrin Hormone Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the gastrin hormone market were the three major steps undertaken to create and analyze the adoption of the gastrin hormone market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the gastrin hormone market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the gastrin hormone market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the gastrin hormone market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as salt type and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the gastrin hormone market. Further, we conducted factor analysis using dependent and independent variables such as various salt type and end-user of the gastrin hormone market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, and business expansion, in the gastrin hormone market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the gastrin hormone market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the gastrin hormone market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the gastrin hormone market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the gastrin hormone market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of salt type and end-user in the gastrin hormone market.
The main objective of the gastrin hormone market Study
The current & future market trends of the gastrin hormone market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the gastrin hormone market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of salt type and end-user.
- Define and analysis of the regulatory framework for the gastrin hormone market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the gastrin hormone market for the major region.
- Major regions and countries studied in the report include North America (U.S., Canada, Rest of North America); Europe (Germany, U.K., France, Spain, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, Rest of Asia-Pacific) and Rest of World.
- Company profiles of the gastrin hormone market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry