In order to encourage patients to choose triptorelin for their therapy, manufacturers are offering reimbursement for the drug and other services. Over the projection period, this will fuel the expansion of the triptorelin market in the United States. For instance, in 2022, Arbor Pharmaceuticals, LLC, a division of Azurity Pharmaceuticals, Inc., is providing payment for patients taking Triptodur (triptorelin) for central precocious puberty (CPP). In order for all patients to be able to afford the medication, the company is offering it at a low price. The patient can save roughly $10,000 a year under this reimbursement policy. As permitted by law, the offer is applicable throughout the United States and Puerto Rico. In order to investigate triptorelin for extended application of in various treatment modalities, several government organisations are performing research and development activities, and this is anticipated to propel the expansion of the U.S. triptorelin market during the forecast period. Triptorelin is being investigated for a number of applications, which could accelerate market expansion throughout the projection period. Over the projection period, the U.S. triptorelin market is anticipated to rise as more products receive regulatory approval.
According to Coherent Market Insights, A CAGR of 5.5% is anticipated for the projected period (2022-2030) for the US Triptorelin Market, which had a value of US$ 171.7 Mn in 2022.
Market Players in the Us Triptorelin Industry:
1. Aero Medical Ambulance Service
The company was established in 1978 and is based in London. The organisation offers ambulance services, transports patients by ground and air, and provides medical care, life-saving tools, and staff with medical training.
2. Aero-Dienst GmbH,
The company was established in 1958 and has its main office in Nuremberg, Germany. The corporation operating business jets, air ambulances, and charter flights is called Aero-Dienst. The company offers maintenance, management, and other associated services for aircraft in addition to air transport services. Aero-Aero-Dienst was granted an extension of the GE Authorized Service Center Network Agreement for CF34 engines in May 2022.
3. Airlec Air Espace
The company was founded in 1958 and is located in Mérignac, France. Private aviation and on-demand transportation are its areas of expertise. Specifically for the commercial aviation industry, Airlec Air Espace serves as an air broker. Own fleet is present. The European Aero-Medical Institute (EURAMI) granted Airlec Air Espace its first certification in November 2020
4. Capital Air Ambulance
The company was founded in 1991 and has its headquarters in United Kingdom. The company offers VIP chartered flights, medical repatriation services, emergency patient transfers, as well as air and ground ambulance services. Patient care is provided globally by Capital Air Ambulance. As a Regional Fixed Wing Air Ambulance and Commercial Airline Medical Escort, Capital Air Ambulance was successfully re-accredited by EURAMI (the European Aero-Medical Institute) in September 2021.
5. Babcock Scandinavian Air Ambulance
The business was established in 2001 and is headquartered in Stockholm Arlanda Airport, Sweden. Babcock Scandinavian AirAmbulance is a Swedish fixed-wing and helicopter airline that primarily flies air ambulance helicopters and aircraft for the governments of Sweden, Finland, and Norway. Babcock International Group PLC stated in March 2023 that the sale of some of its aerial emergency services companies (AES) to Ancala Partners had completed the portfolio alignment exercise.
6. Quick Air Jet Charter GmbH
The firm was founded in 1992 and is located in Innsbruck, Austria. Air ambulance missions were the company's primary focus when it first began operations with three turboprop aircraft. At the moment, Quick Air runs a fleet of ten special air ambulance aircraft from its base in Cologne, Germany (CGN/EDDK). Under the German Air Operator Certificate AOC D-061, Quick Air is the only owner and operator of the entire fleet.
7. Flightserve International
The company was started in 2006 and is based in London. Avail of an on-demand aircraft charter service from and to any domestic or foreign location with Flightserve. With access to thousands of luxurious aircraft available for charter and round-the-clock professional help, Flightserve International offers a private jet charter service across the globe.
*Definition: Triptorelin, which is marketed under the trade names Decapeptyl and other names, inhibits the expression of luteinizing hormone and follicle-stimulating hormone by acting as an agonist analogue of gonadotropin-releasing hormone.
