Ganirelix Acetate Market Outlook, Trends And Future Opportunities (2024-2031)

Ganirelix Acetate Market Expected to Reach US$ 550 Million by 2031 | CAGR 5.5%

  • Date: 23 Mar, 2024
  • Author(s): Sagar Karlekar

Global Ganirelix Acetate Market is expected to reach US$ 550 million by 2031, exhibiting a CAGR of 5.5% during 2024-2031. Ganirelix acetate is increasingly used in fertility treatments to prevent premature ovulation in women undergoing controlled ovarian stimulation.

The rising prevalence of infertility worldwide, growth in IVF procedures, increasing age-related infertility, and higher ART success rates are key factors driving the ganirelix acetate market growth. Technological advancements in fertility treatments, government initiatives to fund ART, and fertility medical tourism also boost market expansion.

However, the high cost of IVF procedures, low awareness levels in developing countries, side effects of ganirelix use, and stringent regulations are restraining the market growth to some extent. Leading ganirelix acetate manufacturers are focusing on new formulations, expanding therapeutic applications beyond IVF, partnerships with fertility clinics, and geographic expansion to unlock new opportunities.

Market Drivers:

  • Rising infertility rates globally, with lifestyle disorders contributing to growth in childbearing age population.
  • Increasing adoption and success rates of assisted reproductive techniques like IVF and ICSI leading to higher use.

Market Trends:

  • Shift toward milder ovarian stimulation protocols using ganirelix acetate to minimize risks.
  • Increasing popularity of fertility apps and telehealth platforms for managing infertility.

Market Opportunity:

Research on new therapeutic applications beyond IVF cycles offers potential for ganirelix manufacturers to expand revenue scope.

Key Report Insights:

  • North America held the largest share of over 40% in 2023 due to high ART adoption rates and favorable reimbursement policies. Major players are Merck and Ferring Pharma.
  • Europe accounted for second largest share of around 30% in 2023, driven by IVF tourism and new product launches. Key companies are Ferring Pharma, Sun Pharma.
  • Leading companies like Merck & Co., Ferring Pharmaceuticals, Sun Pharmaceutical Industries Ltd., Cook Medical Inc., and Monash IVF dominate the ganirelix acetate market.

Ganirelix Acetate Market Segmentation:

  • By Dosage Form
    • Injection
    • Powder
    • Others
  • By Distribution Channel
    • Hospital Pharmacies
    • Retail Pharmacies
    • Online Pharmacies
    • Fertility Clinics
    • Others
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Definition

“The Ganirelix Acetate Market refers to the global market for ganirelix acetate drugs and formulations used to prevent premature ovulation as part of fertility treatments like IVF and ICSI. Ganirelix acetate is a synthetic hormone that blocks the effects of GnRH, allowing doctors to better control ovarian stimulation and follicular development. The rising prevalence of infertility globally and growth of assisted reproductive technology (ART) procedures like IVF and ICSI are the key factors driving the demand for ganirelix acetate drugs and expanding the overall market, which is forecast to reach USD 550 million by 2031.”

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