Press release
Human Growth Hormone Market Growth Analysis, Outlook Report 2024-2033
Human Growth Hormone Market Growth
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15825&type=smp
According to The Business Research Company's, The human growth hormone market size has grown strongly in recent years. It will grow from $4.33 billion in 2023 to $4.75 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to increasing prevalence of growth disorders, rising awareness about hormone therapies, expanding applications in sports medicine, growing geriatric population, improving healthcare infrastructure.
The human growth hormone market size is expected to see strong growth in the next few years. It will grow to $6.93 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to emergence of personalized medicine, rising healthcare expenditure globally, increasing adoption of recombinant DNA technology, growing demand for hormone replacement therapies, rising prevalence of endocrine disorders. Major trends in the forecast period include expansion of distribution networks in emerging markets, integration of artificial intelligence in drug development, emphasis on sustainable manufacturing processes, development of long-acting formulations, utilization of combination therapies for enhanced efficacy.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/human-growth-hormone-global-market-report
Market Drivers and Trends:
Major companies operating in the human growth hormone market are increasing their focus on drug development and its approvals to advance the medication offering and to provide better treatment solution. Drug development is a complex and rigorous process that involves multiple stages to ensure a new drug's safety, efficacy, and quality before it reaches the market. For instance, in June 2023, Pfizer Inc., a US-based biopharmaceutical company, and OPKO Health Inc., a US-based biopharmaceutical and diagnostics company, announced the approval of NGENLA (somatrogon-ghla) by the Food and Drug Administration (FDA). This treatment offers a more convenient dosing regimen and improves patient adherence compared to daily injections. It gives children with growth hormone deficiency the option to reduce the frequency of injections from daily to once a week. The FDA approval was supported by a Phase 3 study showing NGENLA's non-inferiority compared to once-daily somatropin, with a safety profile comparable to somatropin.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Pfizer Inc., Roche Holding AG, Novartis AG, Thermo Fisher Scientific Inc., Eli Lilly and Company, Novo Nordisk A/S, Merck KGaA, Teva Pharmaceutical Industries Ltd., Sandoz International GmbH, Ipsen Pharma, Ferring Holding SA, Endo International, Zydus Lifesciences Limited, Opko Health, LG Life Sciences, EMD Serono Inc., Wockhardt Ltd., JCR Pharmaceuticals Co. Ltd., Genentech Inc., Shanghai United Imaging Healthcare Co. Ltd., SOFAR S.p.A., United Laboratories, Ascendis Pharma, Uni-Pharma S.A., Versartis Inc., Reliance Life Sciences, Anhui Anke Biotechnology (Group) Co. Ltd., Rani Therapeutics
Human Growth Hormone Market 2024 Key Insights:
• The human growth hormone market size is expected to see strong growth in the next few years. It will grow to $6.93 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.
• Increased Awareness Of Treatment Procedures Boosts Human Growth Hormone Market
• Innovative Long-Acting Growth Hormone Treatment Gains FDA Approval Enhancing Pediatric Care
• North America was the largest region in the human growth hormone market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15825&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
"""Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.""
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Human Growth Hormone Market Growth Analysis, Outlook Report 2024-2033 here
News-ID: 3707576 • Views: …
More Releases from The Business research company
Leading Companies Advancing Innovation and Growth in the Reusable Rocket Market
The reusable rocket market is gaining remarkable momentum as innovations and growing commercial interest drive its expansion. With increasing adoption by satellite operators and advances in technology, this sector is set to experience substantial growth by 2030. Let's explore the current market size, key players, emerging trends, and how the industry is shaping up for the future.
Projected Market Growth for Reusable Rockets by 2030
The reusable rocket market is anticipated…
Analysis of Segments and Major Growth Areas in the Rapid Prototyping Market for …
The aerospace and defense sectors are increasingly relying on rapid prototyping technologies to accelerate innovation and improve efficiency. This market is gaining momentum, driven by advancements in manufacturing methods and growing demands for high-precision components. Let's explore the current market valuation, key players, emerging trends, and major segments shaping the rapid prototyping industry within aerospace and defense.
Projected Market Growth and Size in Rapid Prototyping for Aerospace and Defense
The rapid…
Key Strategic Developments and Emerging Changes Shaping the Radar System Market …
The radar system market is on track for significant expansion as it adapts to technological advances and growing demand across various sectors. With the increasing integration of cutting-edge radar solutions in both commercial and defense applications, this industry is poised for notable growth through 2030. Let's explore the current market size, key drivers, major players, emerging trends, and segment dynamics shaping this evolving field.
Projected Growth and Market Size Outlook for…
Outlook on the Police Riot Equipment Market: Major Segments, Strategic Developme …
The police riot equipment market is set for significant growth in the coming years, driven by technological advancements and evolving law enforcement needs. As agencies worldwide seek more effective and adaptable gear, the market is poised to expand steadily through 2030. Let's explore the market's anticipated size, key drivers, notable players, emerging trends, and detailed segmentations.
Anticipated Growth Trajectory of the Police Riot Equipment Market
The police riot equipment market size…
More Releases for Hormone
Surge In Hormone Imbalance Disorders Fuels Growth Of Hormone Therapy Market Emer …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
What Is the Expected CAGR for the Hormone Therapy Market Through 2025?
The size of the hormone therapy market has experienced significant growth in the past few years. It is expected to increase from $19.7 billion in 2024 to $21.1 billion in 2025, at a compound annual growth rate (CAGR) of 7.1%. The growth…
Parathyroid Hormone Market Overview: How Parathyroid Hormone Affects Health & Cl …
Parathyroid Hormone Market is predicted to grow at a CAGR 3.4% during the forecast period (2024-2031).
Parathyroid Hormone Market Report by DataM Intelligence delivers deep insights and analysis into the latest market trends, growth opportunities, and emerging challenges. Designed to help businesses make smarter, faster decisions, our reports combine both data-driven analysis and expert perspectives. At DataM Intelligence, we're committed to turning complex market landscapes into clear, actionable strategies so…
Estrogen Hormone Replacement: A Vital Segment Driving Growth in the Hormone Repl …
The Hormone Replacement Therapy (HRT) market is experiencing renewed interest, driven by an aging population and a growing understanding of hormonal health. Within this market, the estrogen hormone replacement segment stands out as a high-opportunity area, offering relief from menopausal symptoms and addressing various health concerns.
Market Dynamics and Growth Drivers
Estrogen HRT plays a crucial role in managing menopausal symptoms, such as hot flashes, night sweats, and vaginal dryness. Beyond symptom…
Klinefelter Syndrome Hormone Therapy Market - Balancing Hormones, Unleashing Pot …
Newark, New Castle, USA: The "Klinefelter Syndrome Hormone Therapy Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Klinefelter Syndrome Hormone Therapy Market: https://www.growthplusreports.com/report/klinefelter-syndrome-hormone-therapy-market/8775
This latest report researches the…
Human Growth Hormone Market - Elevating Lives, Amplifying Growth: Innovations in …
Newark, New Castle, USA - new report, titled Human Growth Hormone Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Human Growth Hormone market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Human Growth Hormone market. The report offers an overview of…
Hormone Replacement Therapy Market Report- Segment by Application Menopause, Hyp …
The Hormone Replacement Therapy Market research report presents an intensive and coordinated exploration of the current circumstance, market key elements, Hormone Replacement Therapy Market methodologies, and central participants' development in the business. The investigation helps controllers and corporate leaders in developing cost-effective decisions. Hormone Replacement Therapy Market provides an evenhanded and extensive assessment of existing examples, factors, obstacles, limits, headway, possibilities/quick development areas that will help partners create business plans…
