Mitotane Market to Benefit from Swift Technological Advancements

Posted by Merin John on May 24th, 2021

Over the years, mitotane has become one the preferred choices of treatment for Cushing’s syndrome and ACC. The growth of the mitotane market can be attributed to the increased incidence of patient population, which is anticipated to grow significantly in the forecast period.

Furthermore, late recurrence of Cushing’s syndrome and late diagnosis and detection also favours the growth of the mitotane market.  ACC has been marked with a high recurrence rate, where treatment using adjuvant therapy has been found to be extremely successful.

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Company Profiles:

HRA Pharma

Bristol-Myers Squibb Company

The ~US$ 12 billion market for mitotane is anticipated to grow at a healthy CAGR over the period of next decade. Macro-economic factors, such increase expenditure in healthcare sector in emerging nations such as China, India, and Brazil is expected to boost the growth of the mitotane market in the forecast period.

With the rise and continual growth in global healthcare expenditure, sales of pharma drugs such as mitotane in countries outside the U.S. represent a potential growth avenue for domestic manufacturers.

According to the World Bank, all regions (except Sub-Saharan Africa) have seen an increase in the healthcare spending as a percentage of total output over the last two decades. Similarly, in 2016, China’s healthcare expenditure grew ~5% of the GDP, which is expected to almost double by 2020.

The market for mitotane is based on two disease indications such as Cushing’s syndrome and ACC. Cushing’s syndrome includes symptoms such as round red face, high blood pressure, weak muscles and bones, abdominal obesity, a fat lump between shoulders, and fragile skin.

The prevalence rate varies from 10-15 cases/ million population/year. High disease diagnosis screening percentage and attractive reimbursement in developed markets have made the mitotane market to grow significantly.