Cabergoline Market Size, Share, Growth, And Industry Growth By Type (Purity < 95%, Purity 95%-98%, and Purity > 98%.), By Application (Anti-Parkinson, Hyperprolactinemia disorders, and others), Regional Forecast To 2031

Updated On: 13 November 2023

Cabergoline Market REPORT OVERVIEW

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The global cabergoline market size was USD 7 million in 2022 and market is projected to touch USD 11.51 million by 2031, exhibiting a CAGR of 4.8% during the forecast period.

The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Cabergoline is described as the class of medicine known as a dopamine agonist. The medicine was approved in 1993 and since then it has been used in treating many health concerns. Cabergoline is extensively prescribed by doctors in treating age-related disorders like Parkinson's disease and against hormonal imbalance in women during times of pregnancy.  

The improved medical facilities in developed and developing countries have increased the average lifespan of human beings. It has resulted in the rise of old age-related health concerns and the past decades saw a tremendous rise in this kind of diseases and it is anticipated to keep increasing in the future. Moreover, women go through many kinds of health complications during pregnancy. Cabergoline regulates the hormone named prolactin. In addition to this usage, cabergoline interaction with other medicine has shown positive results in treating other health disorders.

COVID-19 Impact: Frequent Lockdowns to Hamper the Market Growth

In recent times the healthcare sector has been focused on combating the COVID-19 cases worldwide. The pandemic came as a sudden jolt and affected all sectors. Amidst these difficult times, the healthcare sector prioritized the development of COVID-19 vaccines. Moreover, frequent lockdowns and restrictions disrupted the supply chain and the availability of raw materials. The shortage of medical professionals disrupted the diagnosis of age-related diseases. As the world gets back to normal, more research and developments, and clinical trials are anticipated to come up in the forthcoming years, augmenting the market forecast.  

LATEST TRENDS

"New Research and Developments To increase the Drug Application "

Research and clinical trials are being taken place to diverse the potentiality of cabergoline. In recent medical studies and published research material, it has been noted that cabergoline was effective in lactation inhibition, especially in women with human immunodeficiency disease.  Non-breastfeeding women can face the problem of lactation. The success rate of cabergoline in this context was high and more clinical trials are conducted to conclude. It should be noted that the research is in the initial stage and would take a longer duration to get approval.  The diversification of the drug and continuous research would accelerate the cabergoline market growth in the upcoming years.

Cabergoline Market SEGMENTATION

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• By Type

Based on type, the market is divided into purity < 95%, purity 95%-98%, and purity > 98%. Purity < 95% segment is expected to dominate the market during the forecast period.

• By Application

Based on the application, the market is divided into anti-Parkinson, hyperprolactinemia disorders and others.  Anti-Parkinson segment is anticipated to lead the market growth in the upcoming years.

DRIVING FACTORS

"Increase in Parkinson’s Disease to Expedite the Product Demand "

A recent study has shown an increase in neurological disorders in the past couple of decades. Parkinson’s disease is associated with a nervous system disorder that influences body movements that gradually leads to slowing of movement. Symptoms may vary from person to person. Some early signs of Parkinson’s disease are tremors, bradykinesia, rigid muscle, and changes in speech and writing. Although there is no permanent cure for this disease, however, doctors might suggest surgeries to improve certain movements. Older people are prone to this disease. The factors contributing to its growth are an increase in longevity and advanced healthcare accessibility. In light of the recent developments, cabergoline is being considered to treat Parkinson's disease owing to its ability to boost motor symptoms and diminishes the need for levodopa. Medical professionals are advocating for the use of cabergoline in treating this disease. Parkinson's disease which is often considered the fastest growing disease can create space for cabergoline market growth.

"Cabergoline Use in the Treatment of Hyperprolactinemia to Boost the Product Sale "

Prolactin is a hormone produced by prolactinoma – a non-cancerous tumour of the pituitary gland.  The hormone indicates the woman's breast produces milk during pregnancy and during breastfeeding times. A higher level of prolactin in the blood can give rise to other health problems such as infertility. Physical and psychological stress in times of pregnancy can also contribute to the high level of prolactin. Cabergoline is identified as a dopamine agonist. It performs by increasing the dopamine level in the brain and normalising the PRL level. Scientists have conducted successful clinical trials to determine the effective dose. Cabergoline is being prescribed by doctors in the mainstream diagnosis.

RESTRAINING FACTORS

"Adverse Side-effects to Hamper the Product Demand                      "

Cabergoline has limitations and misuse or overdose of this drug can cause a serious health concern. The patients are advised to incorporate cabergoline in the routine solely on the advice of their doctors. Patients with a history of hypertension, fibrosis in the lungs, heart or stomach and allergy to any kind of ergot medicine should consult a doctor before taking this drug. This prescription drug should be regulated and avoid any case of overdose. Side-effects such as difficulty in breathing, nausea, swelling of feet and others. All these factors can negatively influence the cabergoline market growth.

Cabergoline Market REGIONAL INSIGHTS

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"Europe region to Dominate the Market Due to the Integration of the Latest Technology for Research "

Europe provides many lucrative opportunities for scientists to carry on their research by incorporating of latest technologies and fastening the overall process. However, the increase in disease and personalized medicine is a major driving factor for the growth of the cabergoline market in this region. Moreover, the presence of key players contributed to the market growth. The establishment of manufacturing units, modern laboratories, and the availability of raw materials played a crucial role in the production of cabergoline.

North America holds the second position in the consumption and manufacturing of cabergoline. Population expansion and increase in life span due to better medical facilities created a space for the growth of cabergoline market share in this region.

KEY INDUSTRY PLAYER

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Teva API (Israel)
• Finetech Pharma (Israel)
• Global Biologicals (China)
• Wellona Pharma (India)
• Alven Laboratories (France)
• Salvavidas Pharmaceutical (India)

REPORT COVERAGE

This report covers the analysis of the cabergoline market providing a comprehensive market insight taking into consideration the existing key players who would play a crucial role in the forecasting period. It also analyses based on segmentation, industrial developments, trends, growth, size, share, restraints and revenue. The report covers an overview of the latest driving factor in the industry, dominant region, latest innovations and opportunities.