Addison's disease Drugs Market Synopsis:

Addison's disease Drugs Market Size Was Valued at USD 2.25 Billion in 2023, and is Projected to Reach USD 5.40 Billion by 2032, Growing at a CAGR of 10.97% From 2024-2032.

The growth of the Addison’s Disease Drugs Market is mainly fostered by development in availability and knowledge of drugs and treatment for a kidney disease or adrenal insufficiency. Primary adrenal insufficiency or Addison’s disease characterised by insufficient cortisol and aldosterone production in the adrenal glands. Some of the treatments are medicines like corticosteroids (hydrocortisone, prednisone, dexamethase) and mineralocorticoids (fludrocortisone), hormone substitutes because of hormonal lack. Peculiarities of the modern world, such as the continually increasing rates of autoimmune diseases, one of the leading risk factors for developing Addison’s disease, all contribute to the global demand for efficient treatment.

Health producers are shifting to innovations in formulation to improve compliance or effectiveness of their drugs. For example, modified-release hydrocortisone tablets which are emerging on the market due to their capacity to recreate diurnal corticosterone cycle. In addition, a shift to the more individualized approach in treating diseases, known as personalized medicine, increases significantly the need for novel diagnostic and therapeutic tools. Higher investments in research and development of products in endocrinology should and will widen the range of new products being launched into the market.

Geographically, North America controls the major share of the Addison’s Disease Drugs Market, following advances in healthcare infrastructure, increasing knowledge of the disease, and active research. Europe is in the second place, having government encouragement for rare disease therapeutics and about the increasing pharmaceuticals and research development. Asian-Pacific and Latin American markets are growing because of changes in healthcare and better access to therapies. It is transportable in operation and has to overcome obstacles such as high treatment costs and inadequate awareness in some regions.

Addison's Disease Market Trend Analysis:

Increasing Adoption of Advanced Drug Delivery Systems

  • The most significant trends that have taken place over time in the Addison’s Disease Market include. There are now new forms of hydrocortisone preparations, which are slowly released to the bloodstream throughout the day and come closer to normal cortisol production-release cycle. Innovations decrease a dosing frequency and give steadier hormonal ratio, they eliminate the drawbacks of traditional immediate release corticosteroids. This trend is also supported by patients’ request for more convenient treatments and providers’ desire to use treatments that are less toxic and more useful in improving QoL.

Rising Focus on Personalized Medicine and Diagnostics

  • Second important trend is development of individual approach to the patients and application of the patient-centred medicine. Newer developments in genetics and biomarkers are offering improved methods in diagnosing Addison’s disease and the fundamental factors, including autoimmune diseases. These enhancements are portending to deliver individualized management approaches, ideally including the ideal dosing and coadministration with other drugs. Big relevant pharma companies are betting on highly individualised treatments that match hormonal needs of patients in other words, personalised medicine therapies are stimulating market developments and helping to enhance final value propositions for long-term, chronic condition management.

Addison's Disease Market Segment Analysis:

Addison's Disease Market is Segmented on the basis of Product, Indication, End User, and Region.

By Product, Phrenic Nerve Stimulator segment is expected to dominate the market during the forecast period

  • The Addison's Disease Market is expanding beyond traditional hormone replacement therapies to incorporate medical devices that address associated complications and improve patient outcomes. Products like phrenic nerve stimulators and hypoglossal neurostimulation devices are increasingly used for managing conditions such as sleep apnea, which can emerge as a secondary issue in Addison’s disease patients due to chronic fatigue and muscle weakness. Additionally, bone screw implant systems and flexible tongue retractor systems are being explored for their role in supporting airway stability in patients with related obstructive breathing issues. Palatal implants or the Pillar Procedure offer minimally invasive solutions for snoring and mild obstructive apnea, further enhancing the quality of life for individuals managing the multifaceted impacts of Addison’s disease. These innovations signify a broader trend toward integrating device-based solutions into the holistic care of rare endocrine disorders.

End User, Ambulatory Surgical Centers segment expected to held the largest share

  • The Addison's Disease Market caters to various end users, including hospitals, ambulatory surgical centers (ASCs), and office-based clinics, each playing a critical role in disease management. Hospitals remain the primary point of care, offering comprehensive diagnostic and treatment services, particularly for acute adrenal crises or complex cases requiring multidisciplinary approaches. Ambulatory surgical centers are increasingly important for procedures like the insertion of neurostimulation devices or minimally invasive interventions to manage associated conditions, providing cost-effective and patient-friendly solutions. Meanwhile, office-based clinics are pivotal for routine monitoring, hormone replacement therapy administration, and follow-up care, emphasizing convenience and accessibility for patients with chronic conditions like Addison’s disease. This diverse end-user landscape reflects the need for a well-rounded healthcare ecosystem to address the complexities of the disease effectively.

Addison's Disease Market Regional Insights: 

North America is Expected to Dominate the Market Over the Forecast period

  • North America is expected to account for the largest growth rate attributed to the addison’s disease market throughout the forecast period due to factors such as developed healthcare system, high awareness level, as well as, well-established research activities. Pharmaceuticals and biotechnology industries are strong and specialized on rare disease in the region resulting into new products like modified-release corticosteroids and other individualized treatments.
  • Also, favourable market conditions like the fast-track approvals of orphan designated drugs propel market growth. There is a high incidence of autoimmune diseases that cause Addison’s disease, increased consciousness towards early diagnostics and efficient treatment also increases the market demand. Players in key markets are directing their focus to new formulation drugs and synergistic medical instruments: North America remains dominant on the global market.

Active Key Players in the Addison's Disease Market

  • Abbott (U.S.)
  • Amgen Inc (U.S.)
  • Bayer AG (Germany)
  • Bio-Techne (U.S.)
  • Bristol-Myers Squibb Company (U.S.)
  • GSK plc. (U.S.)
  • Lilly (U.S.)
  • Lupin (India)
  • Merck & Co., Inc (U.S.)
  • Novartis AG (Switzerland)
  • Pfizer Inc (U.S.)
  • Other Active Players.

                                                         Global Addison's Disease Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 2.25 Billion

Forecast Period 2024-32 CAGR:

 10.97%

Market Size in 2032:

USD 5.40 Billion

Segments Covered:

By Product

  • Phrenic Nerve Stimulator,
  • Hypoglossal Neurostimulation Devices,
  • Bone Screw Implant System,
  • Flexible Tongue Retractor System
  •  Palatal Implants or Pillar Procedure

By Indication

  • Central Sleep Apnea
  • Obstructive Sleep Apnea (OSA)

By End User

  • Hospitals,
  • Ambulatory Surgical Centers
  • Office Based Clinics

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Prevalence of Addison's disease Promotes the Demand for Drugs

Key Market Restraints:

  • High Treatment Costs Limits Patient from the Adoption of Medications

Key Opportunities:

  • Expansion of Addison's Disease Drugs due to the Growing Geriatric Population

Companies Covered in the report:

  • Bristol-Myers Squibb Company (U.S.), Merck & Co., Inc (U.S.), Novartis AG (Switzerland), Pfizer Inc (U.S.), Bio-Techne (U.S.), GSK plc. (U.S.), Lupin (India), Abbott (U.S.), Amgen Inc (U.S.), Bayer AG (Germany), Lilly (U.S.), and Other Active Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Addison's disease Drugs Market by Product
 4.1 Addison's disease Drugs Market Snapshot and Growth Engine
 4.2 Addison's disease Drugs Market Overview
 4.3 Phrenic Nerve Stimulator
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Phrenic Nerve Stimulator: Geographic Segmentation Analysis
 4.4 Hypoglossal Neurostimulation Devices
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Hypoglossal Neurostimulation Devices: Geographic Segmentation Analysis
 4.5 Bone Screw Implant System
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Bone Screw Implant System: Geographic Segmentation Analysis
 4.6 Flexible Tongue Retractor System and Palatal Implants or Pillar Procedure
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Flexible Tongue Retractor System and Palatal Implants or Pillar Procedure: Geographic Segmentation Analysis

Chapter 5: Addison's disease Drugs Market by Indication
 5.1 Addison's disease Drugs Market Snapshot and Growth Engine
 5.2 Addison's disease Drugs Market Overview
 5.3 Central Sleep Apnea and Obstructive Sleep Apnea (OSA)
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Central Sleep Apnea and Obstructive Sleep Apnea (OSA): Geographic Segmentation Analysis

Chapter 6: Addison's disease Drugs Market by End User
 6.1 Addison's disease Drugs Market Snapshot and Growth Engine
 6.2 Addison's disease Drugs Market Overview
 6.3 Hospitals
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Hospitals: Geographic Segmentation Analysis
 6.4 Ambulatory Surgical Centers and Office Based Clinics
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Ambulatory Surgical Centers and Office Based Clinics: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Addison's disease Drugs Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions  
 7.2 BRISTOL-MYERS SQUIBB COMPANY (U.S.)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 MERCK & CO. INC (U.S.)
 7.4 NOVARTIS AG (SWITZERLAND)
 7.5 PFIZER INC (U.S.)
 7.6 BIO-TECHNE (U.S.)
 7.7 GSK PLC. (U.S.)
 7.8 LUPIN (INDIA)
 7.9 ABBOTT (U.S.)
 7.10 AMGEN INC (U.S.)
 7.11 BAYER AG (GERMANY)
 7.12 LILLY (U.S.)
 7.13 OTHER ACTIVE PLAYERS

Chapter 8: Global Addison's disease Drugs Market By Region
 8.1 Overview
8.2. North America Addison's disease Drugs Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Product
  8.2.4.1 Phrenic Nerve Stimulator
  8.2.4.2 Hypoglossal Neurostimulation Devices
  8.2.4.3 Bone Screw Implant System
  8.2.4.4 Flexible Tongue Retractor System and Palatal Implants or Pillar Procedure
  8.2.5 Historic and Forecasted Market Size By Indication
  8.2.5.1 Central Sleep Apnea and Obstructive Sleep Apnea (OSA)
  8.2.6 Historic and Forecasted Market Size By End User
  8.2.6.1 Hospitals
  8.2.6.2 Ambulatory Surgical Centers and Office Based Clinics
  8.2.7 Historic and Forecast Market Size by Country
  8.2.7.1 US
  8.2.7.2 Canada
  8.2.7.3 Mexico
8.3. Eastern Europe Addison's disease Drugs Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Product
  8.3.4.1 Phrenic Nerve Stimulator
  8.3.4.2 Hypoglossal Neurostimulation Devices
  8.3.4.3 Bone Screw Implant System
  8.3.4.4 Flexible Tongue Retractor System and Palatal Implants or Pillar Procedure
  8.3.5 Historic and Forecasted Market Size By Indication
  8.3.5.1 Central Sleep Apnea and Obstructive Sleep Apnea (OSA)
  8.3.6 Historic and Forecasted Market Size By End User
  8.3.6.1 Hospitals
  8.3.6.2 Ambulatory Surgical Centers and Office Based Clinics
  8.3.7 Historic and Forecast Market Size by Country
  8.3.7.1 Russia
  8.3.7.2 Bulgaria
  8.3.7.3 The Czech Republic
  8.3.7.4 Hungary
  8.3.7.5 Poland
  8.3.7.6 Romania
  8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Addison's disease Drugs Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Product
  8.4.4.1 Phrenic Nerve Stimulator
  8.4.4.2 Hypoglossal Neurostimulation Devices
  8.4.4.3 Bone Screw Implant System
  8.4.4.4 Flexible Tongue Retractor System and Palatal Implants or Pillar Procedure
  8.4.5 Historic and Forecasted Market Size By Indication
  8.4.5.1 Central Sleep Apnea and Obstructive Sleep Apnea (OSA)
  8.4.6 Historic and Forecasted Market Size By End User
  8.4.6.1 Hospitals
  8.4.6.2 Ambulatory Surgical Centers and Office Based Clinics
  8.4.7 Historic and Forecast Market Size by Country
  8.4.7.1 Germany
  8.4.7.2 UK
  8.4.7.3 France
  8.4.7.4 The Netherlands
  8.4.7.5 Italy
  8.4.7.6 Spain
  8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Addison's disease Drugs Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Product
  8.5.4.1 Phrenic Nerve Stimulator
  8.5.4.2 Hypoglossal Neurostimulation Devices
  8.5.4.3 Bone Screw Implant System
  8.5.4.4 Flexible Tongue Retractor System and Palatal Implants or Pillar Procedure
  8.5.5 Historic and Forecasted Market Size By Indication
  8.5.5.1 Central Sleep Apnea and Obstructive Sleep Apnea (OSA)
  8.5.6 Historic and Forecasted Market Size By End User
  8.5.6.1 Hospitals
  8.5.6.2 Ambulatory Surgical Centers and Office Based Clinics
  8.5.7 Historic and Forecast Market Size by Country
  8.5.7.1 China
  8.5.7.2 India
  8.5.7.3 Japan
  8.5.7.4 South Korea
  8.5.7.5 Malaysia
  8.5.7.6 Thailand
  8.5.7.7 Vietnam
  8.5.7.8 The Philippines
  8.5.7.9 Australia
  8.5.7.10 New Zealand
  8.5.7.11 Rest of APAC
8.6. Middle East & Africa Addison's disease Drugs Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Product
  8.6.4.1 Phrenic Nerve Stimulator
  8.6.4.2 Hypoglossal Neurostimulation Devices
  8.6.4.3 Bone Screw Implant System
  8.6.4.4 Flexible Tongue Retractor System and Palatal Implants or Pillar Procedure
  8.6.5 Historic and Forecasted Market Size By Indication
  8.6.5.1 Central Sleep Apnea and Obstructive Sleep Apnea (OSA)
  8.6.6 Historic and Forecasted Market Size By End User
  8.6.6.1 Hospitals
  8.6.6.2 Ambulatory Surgical Centers and Office Based Clinics
  8.6.7 Historic and Forecast Market Size by Country
  8.6.7.1 Turkiye
  8.6.7.2 Bahrain
  8.6.7.3 Kuwait
  8.6.7.4 Saudi Arabia
  8.6.7.5 Qatar
  8.6.7.6 UAE
  8.6.7.7 Israel
  8.6.7.8 South Africa
8.7. South America Addison's disease Drugs Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Product
  8.7.4.1 Phrenic Nerve Stimulator
  8.7.4.2 Hypoglossal Neurostimulation Devices
  8.7.4.3 Bone Screw Implant System
  8.7.4.4 Flexible Tongue Retractor System and Palatal Implants or Pillar Procedure
  8.7.5 Historic and Forecasted Market Size By Indication
  8.7.5.1 Central Sleep Apnea and Obstructive Sleep Apnea (OSA)
  8.7.6 Historic and Forecasted Market Size By End User
  8.7.6.1 Hospitals
  8.7.6.2 Ambulatory Surgical Centers and Office Based Clinics
  8.7.7 Historic and Forecast Market Size by Country
  8.7.7.1 Brazil
  8.7.7.2 Argentina
  8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
 

                                                         Global Addison's Disease Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 2.25 Billion

Forecast Period 2024-32 CAGR:

 10.97%

Market Size in 2032:

USD 5.40 Billion

Segments Covered:

By Product

  • Phrenic Nerve Stimulator,
  • Hypoglossal Neurostimulation Devices,
  • Bone Screw Implant System,
  • Flexible Tongue Retractor System
  •  Palatal Implants or Pillar Procedure

By Indication

  • Central Sleep Apnea
  • Obstructive Sleep Apnea (OSA)

By End User

  • Hospitals,
  • Ambulatory Surgical Centers
  • Office Based Clinics

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Prevalence of Addison's disease Promotes the Demand for Drugs

Key Market Restraints:

  • High Treatment Costs Limits Patient from the Adoption of Medications

Key Opportunities:

  • Expansion of Addison's Disease Drugs due to the Growing Geriatric Population

Companies Covered in the report:

  • Bristol-Myers Squibb Company (U.S.), Merck & Co., Inc (U.S.), Novartis AG (Switzerland), Pfizer Inc (U.S.), Bio-Techne (U.S.), GSK plc. (U.S.), Lupin (India), Abbott (U.S.), Amgen Inc (U.S.), Bayer AG (Germany), Lilly (U.S.), and Other Active Players.

Frequently Asked Questions :

What would be the forecast period in the Addison's Disease Market research report?
The forecast period in the Addison's Disease Market research report is 2024-2032.
Who are the key players in the Addison's Disease Market?
Bristol-Myers Squibb Company (U.S.), Merck & Co., Inc (U.S.), Novartis AG (Switzerland), Pfizer Inc (U.S.), Bio-Techne (U.S.), GSK plc. (U.S.), Lupin (India), Abbott (U.S.), Amgen Inc (U.S.), Bayer AG (Germany), Lilly (U.S.), and Other Active Players.
What are the segments of the Addison's Disease Market?
The Addison's Disease Market is segmented into By Product, Indication, End User and region. By Product (Phrenic Nerve Stimulator, Hypoglossal Neurostimulation Devices, Bone Screw Implant System, Flexible Tongue Retractor System and Palatal Implants or Pillar Procedure), Indication (Central Sleep Apnea and Obstructive Sleep Apnea (OSA)), End User (Hospitals, Ambulatory Surgical Centers and Office Based Clinics). By region, it is analyzed across North America (U.S., Canada, Mexico), Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe), Western Europe (Germany, UK, France, The Netherlands, Italy, Russia, Spain, Rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC), Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil, Argentina, Rest of SA).
What is the Addison's Disease Market?
Addison's disease, also known as primary adrenal insufficiency, is a rare but serious condition in which the adrenal glands fail to produce sufficient amounts of essential hormones, particularly cortisol and aldosterone. Cortisol is crucial for regulating metabolism, immune response, and stress, while aldosterone helps balance sodium and potassium levels, affecting blood pressure. The condition is most commonly caused by autoimmune destruction of the adrenal glands but can also result from infections, genetic disorders, or other medical conditions. Symptoms include chronic fatigue, weight loss, low blood pressure, muscle weakness, and darkening of the skin. If untreated, Addison's disease can lead to life-threatening complications, such as adrenal crisis, making timely diagnosis and effective treatment essential.
How big is the Addison's Disease Market?
Addison's disease Drugs Market Size Was Valued at USD 2.25 Billion in 2023, and is Projected to Reach USD 5.40 Billion by 2032, Growing at a CAGR of 10.97% From 2024-2032.