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Growth Hormone Deficiency Market Size is Expected to Reach USD 7.0 Billion, Advancing at a CAGR of 4.4% by 2034 | TMR Research
Growth Hormone Deficiency Market
Growth Hormone Deficiency Market (성장호르몬 결핍증 시장) is expected to grow at a CAGR of 4.4% from 2024 to 2034 and reach US$ 7.0 Bn by the end of 2034
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Overview of Growth Hormone Deficiency Market
The global growth hormone deficiency market is growing due to rising incidences of GHD, advancements in treatment options, and increased healthcare spending. The market is segmented by product type (recombinant human growth hormone, somatropin, others), application (pediatric, adult, and others), route of administration (injectable, oral, others), distribution channel (hospital pharmacies, retail pharmacies, online pharmacies), and geographical regions.
Top Companies:
Recent Developments in Growth Hormone Deficiency Market
Recent advancements and trends in the growth hormone deficiency market include:
Long-acting GH Formulations: Development of long-acting growth hormone formulations that reduce the frequency of administration, improving patient compliance.
Oral GH Therapies: Introduction of oral growth hormone therapies offering a non-invasive alternative to traditional injectable forms.
Biological Drugs: Advances in biologic drugs that mimic natural growth hormone, enhancing efficacy and safety profiles.
Biosimilars: Emergence of biosimilar growth hormone products providing cost-effective treatment options.
Gene Therapy: Exploration of gene therapy approaches aiming to address the underlying causes of GHD.
Drivers of Market Growth
Several factors contribute to the growth of the growth hormone deficiency market:
Rising Prevalence of GHD: Increasing diagnosis of growth hormone deficiency in children and adults driving the demand for effective treatments.
Technological Advancements: Continuous advancements in biotechnology and drug delivery systems enhancing the efficacy and convenience of GH therapies.
Awareness and Screening Programs: Growing awareness and implementation of screening programs for early detection and treatment of GHD.
Healthcare Spending: Increased healthcare spending and insurance coverage for growth hormone treatments supporting market growth.
Aging Population: Aging population more susceptible to adult-onset growth hormone deficiency, increasing the demand for GH therapies.
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Conclusion
The growth hormone deficiency market is poised for significant growth, driven by rising prevalence of GHD, technological advancements, increased awareness, and improved healthcare spending. Innovations in long-acting GH formulations, oral therapies, biologic drugs, biosimilars, and gene therapy are enhancing the potential and efficacy of growth hormone treatments.
Segmentation
Treatment Type
Therapeutic Treatment
Norditropin
Genotropin
Humatrope
Saizen
Others (Omnitrope, etc.)
Recombinant Human Growth Hormone
Human Pituitary Gland Extracts
Surgery
Disease Indication
Pediatric Growth Hormone Deficiency
Idiopathic Short Stature
Small for Gestational Age
Turner Syndrome
Adult Growth Hormone Deficiency
Others (Prader-Willi Syndrome, etc.)
Route of Administration
Subcutaneous
Intramuscular
Intravenous
Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
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