Human Growth Hormone (hGH) Market to Reach $5.56 Billion, Globally, Says Allied Market Research

Allied Market Research published a report, titled, "Human Growth Hormone (hGH) Market by Application (Growth Hormone Deficiency, Prader-Willi Syndrome, Turner Syndrome, Small for Gestational Age, and Others), Route of Administration (Intravenous, Intramuscular, Subcutaneous, and Oral), and Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Clinics, and Online Pharmacy): Global Opportunity Analysis and Industry Forecast, 2021-2030." According to the report, the global human growth hormone industry generated $3.86 billion in 2020, and is projected to reach $9.21 billion by 2030, witnessing a CAGR of 9.0% from 2021 to 2030.

𝐅𝐨𝐫 𝐑𝐢𝐠𝐡𝐭 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/5557

𝐃𝐫𝐢𝐯𝐞𝐫𝐬, 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬, 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

Increase in prevalence of menopausal disorders, rise in awareness regarding post-menopausal issues among women, and surge in new product launches by leading players propel the growth of the global human growth hormone market. However, expensive nature of treatment and fatal effects of hormone replacement therapy hinder the market to some extent. Contrarily, availability of alternative options for hormone replacement therapies and adoption of telemedicine for hormone replacement therapy create new opportunities in the next few years.

𝐂𝐨𝐯𝐢𝐝-19 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨

The Covid-19 pandemic put a stress upon the healthcare systems across the world and impacted the human growth hormone market considerably. The non-elective procedures were postponed to avoid possibility of cross-contamination and shift in resources to take care of Covid-infected patients.
The patients with decreased growth hormone secretion had a higher risk factor for Covid-19 infection and required extra care to prevent any infection. For instance, patients suffering from Prader-Willi syndrome may not display any typical symptoms such as high temperature and experience a higher-than-normal pain threshold, which in turn, may delay in the diagnosis of Covid-19.
The turner syndrome segment to continue its lead position during the forecast period

Based on application, the turner syndrome segment accounted for the largest market share in 2020 contributing to nearly one-third of the global human growth hormone market, and is estimated to continue its lead position during the forecast period. This is due to increase in incidence of turner syndrome across the globe. However, the growth hormone deficiency segment is projected to register the largest CAGR of 10.1% from 2021 to 2030, owing to rise in hormone deficiency disorders with adoption of sedentary lifestyles.

𝐃𝐨 𝐘𝐨𝐮 𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲 𝐎𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭? 𝐀𝐬𝐤 𝐭𝐨 𝐎𝐮𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐄𝐱𝐩𝐞𝐫𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/5557

𝐓𝐡𝐞 𝐡𝐨𝐬𝐩𝐢𝐭𝐚𝐥 𝐩𝐡𝐚𝐫𝐦𝐚𝐜𝐲 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐢𝐭𝐬 𝐝𝐨𝐦𝐢𝐧𝐚𝐧𝐭 𝐬𝐡𝐚𝐫𝐞 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝

Based on distribution channel, the hospital pharmacy segment contributed to the highest market share in 2020, accounting for more than half of the global human growth hormone market, and is projected to continue its dominant share during the forecast period. This is attributed to preferences and ease of availability of artificial or recombinant human growth hormones in hospital pharmacies. However, the online pharmacy segment is estimated to witness the fastest CAGR of 10.2% from 2021 to 2030. This is due to surge in the preference for online pharmacies with availability of human growth hormone formulations at low costs.

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐢𝐭𝐬 𝐥𝐞𝐚𝐝 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐛𝐲 2030

Based on region, North America held the highest share in 2020, contributing to nearly half of the global human growth hormone market, and is expected to continue its lead position by 2030. This is due to increased consumption of human growth hormone medicines in this region to treat various disorders such as turner syndrome and growth hormone deficiency. However, Asia-Pacific is projected to portray the highest CAGR of 10.2% during the forecast period, owing to rise in healthcare expenditure and penetration of leading players.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
Abbott Laboratories
Bayer AG
Eli Lilly and Company
F. Hoffmann-La Roche Ltd. (Genentech, Inc.)
Hisamitsu Pharmaceutical Co., Inc. (Noven Pharmaceuticals, Inc.)
Merck KGaA
Mylan N.V. (Viatris Inc.)
Novartis International AG
Novo Nordisk A/S
Pfizer Inc.

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞- https://www.alliedmarketresearch.com/human-growth-hormone-market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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