Somatropin Market Research Insight 2022| Industry Development - Growth Opportunities in Future, Revenue Forecast Up to 2030

InsightAce Analytic Pvt. Ltd. has announced the publication of a market research report titled "Global Somatropin Market by (Application (Chronic Renal Insufficiency, Growth Hormone Deficiency, Turners Syndrome, Prader-Willi Syndrome, Idiopathic Short Stature, And Noonan Syndrome), Distribution Channels (Online Pharmacy, Hospital Pharmacy and Retail Pharmacy)) - Market Outlook and Industry Analysis 2030"

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Growth hormone (GH), commonly known as somatotropin or human growth hormone, is a peptide hormone produced by the pituitary's anterior lobe. It promotes the development of virtually all bodily tissues, including bone. GH is generated and released by somatotroph cells in the anterior pituitary gland, which releases between one and two milligrammes of the hormone daily. GH is required for proper physical growth in children; its levels gradually increase during infancy and peak during a puberty growth spurt.

Somatropin is a medicine approved by the United States Food and Drug Administration (FDA) for a variety of indications, while it is mostly used to treat growth problems in children and growth hormone insufficiency in adults. Somatropin is used to treat children and adults who are deficient in natural growth hormones. This category covers individuals who are small in height owing to Noonan syndrome, Turner syndrome, Prader-Willi syndrome, or who are born shortly with no catch-up growth.

Market Dynamics:

Increased usage of growth hormone and knowledge of growth hormone benefits the market by aiding in the management of hormonal imbalance problems. The market is growing as a result of an increase in disorders associated with a growth hormone deficiency, an increase in the use of ageing hormones, government and private sector initiatives to spread awareness about growth hormone insufficiency, and high productivity. Additionally, increasing awareness of the treatment process, an increase in the number of health conditions, and an increase in neuropsychiatric cases are expected to boost the market growth.

Additionally, the increase in FDA approvals presents several opportunities for companies to create innovative treatments that are more effective and have fewer adverse effects. For instance, Ascendis Pharma A/S announced in August 2021 that the United States Food and Drug Administration (FDA) approved SKYTROFA (lonapegsomatropin-tcgd) for the treatment of paediatric patients aged one year and older who weigh at least 11.5 kg (25.4 lb) and have growth failure due to insufficient endogenous growth hormone secretion (GH). SKYTROFA was approved by the FDA based on the results of the phase 3 heiGHt Trial, a 52-week, worldwide, randomised, open-label, active-controlled, parallel-group study that compared once-weekly SKYTROFA to daily somatropin (Genotropin®) in 161 treatment-naive children with GHD (Growth hormone deficiency).

Geographically, North America accounted for the largest market share. This regional expansion is fueled by factors such as an increase in the senior population, increased reimbursement policies, increased awareness, and government efforts. The presence of major pharmaceutical companies is also predicted to boost the market throughout the forecast period.

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The following key companies are engaged in the Somatropin market:
Sandoz, F. Hoffmann-La Roche AG, Pfizer, Eli Lilly and Company, Novo Nordisk, Merck co., and many more.

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