Press release
Human Growth Hormone (HGH) Market Provides in-depth analysis of the Industry, with Current Trends and Future Estimations to Elucidate the Investment Pockets
The global Human Growth Hormone (hGH) market was estimated at USD 3,865.4 million in 2021 and it is expected to surpass around USD 9,211.73 million by 2030, poised to grow at a CAGR of 10.13% from 2023 to 2032.Key Findings of the Study
•By application, the Turner Syndrome segment dominated the human growth hormone market in 2020 and is anticipated to continue the same during the forecast period.
•By region, North America was the major shareholder and accounted for the highest share of 49% in 2020.
•By route of administration, the subcutaneous segment is expected to grow at a CAGR of 9.3% during the forecast period.
•By distribution channel, the hospital pharmacy segment dominated the market in 2020 and is anticipated to maintain its dominance during the forecast period.
The pituitary gland secretes the peptide hormone known as human growth hormone, or somatotropin, which controls cell growth, regeneration and repair, fertility, and metabolism, all of which are necessary for full human development. Human growth hormone levels should be appropriate for normal development and can be influenced by things like exercise, sleep, stress, and low blood sugar levels. Human growth hormones also aid in the regulation of body fluids, sugar and fat metabolism, muscle and bone development, and injury recovery. Additionally, it improves muscle performance and stamina.
Human growth hormone deficiency occurs in humans when the pituitary gland does not contain a sufficient amount of the hormone. Human growth hormone is injected subcutaneously to correct this deficiency. Growth hormone deficiency can also result in delayed puberty and shorter height than normal. Genetic disorders like Prader-Willi syndrome and Turner syndrome can cause this. Growth, reproduction, and healing are all supported by human growth hormone. Growth of the market is enhanced by increased use of growth hormone and growth hormone consciousness, which aid in the treatment of disorders caused by hormonal imbalance.
The Human Growth Hormone (HGH) market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Human Growth Hormone (HGH) market. On the basis of historic growth analysis and current scenario of Human Growth Hormone (HGH) market place, the report intends to offer actionable insights and outlook on global / regional market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tool that facilitate deeper understanding of multiple aspects of global Human Growth Hormone (HGH) market. These further helps users with their developmental strategy.
This report examines all the key factors influencing growth of global Human Growth Hormone (HGH) market, including demand-supply scenario, pricing structure, profit margins, production and value chain / ecosystem analysis. Regional assessment of global Human Growth Hormone (HGH) market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
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Market Segmentations:
Global Human Growth Hormone (HGH) Market: Major Players
Eli Lilly
Merck Serono
Teva Pharmaceutical Industries
Ipsen
Pfizer
F. Hoffmann-La Roche
Sandoz International
LG Life Sciences
Ferring Pharmaceuticals
BioPartners
Anhui Anke Biotechnology (Group)
Novo Nordisk
GeneScience Pharmaceuticals
Global Human Growth Hormone (HGH) Market: By Types
Powder
Solvent
Global Human Growth Hormone (HGH) Market: By Applications
Growth Hormone Deficiency
Turner Syndrome
Chronic Renal Insufficiency
Prader Willi Syndrome
Small for Gestational Age
SHOX Deficiency
Global Human Growth Hormone (HGH) Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Human Growth Hormone (HGH) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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The COVID-19 epidemic is expected to have an effect on the market for human growth hormones worldwide. According to a Frontiers article, patients with decreased growth hormone secretion present a risk factor for COVID-19, which calls for focus in order to aid in COVID-19 prevention. Additionally, Prader-Willi syndrome patients must exercise sufficient caution to reduce their chance of contracting COVID-19. Additionally, patients with Prader-Willi syndrome may not exhibit typical symptoms like a high temperature and they may also have a higher pain tolerance than usual, which may cause a delay in the diagnosis of COVID-19. Turner syndrome sufferers are more likely to develop a serious disease from the COVID-19 virus. The COVID-19 pandemic has stressed and impacted the healthcare systems of the world. The lockdown situation all over the world, has created obstacles for both the patients and the healthcare providers.
Reasons to Procure this Report:
(A) The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.
(B) The report provides Global Human Growth Hormone (hGH) market revenues at the worldwide, regional, and country levels with a complete analysis to 2028 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.
(C) The research includes the Global Human Growth Hormone (hGH) market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.
(D) Global Human Growth Hormone (hGH) market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.
(E) This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.
(F) The study helps evaluate Global Human Growth Hormone (hGH) business predictions by region, key countries, and top companies' information to channel their investments.
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