Press release
Human Chorionic Gonadotropin Market Anticipated To Witness Robust Growth, Surpassing $1.42 Billion By 2029
Human Chorionic Gonadotropin
What Is the Current Human Chorionic Gonadotropin Market Size and Its Estimated Growth Rate?
The human chorionic gonadotropin (HCG) market has grown significantly in recent years. It is expected to grow from $0.95 billion in 2024 to $1.03 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth can be attributed to the rise in the prevalence of hypogonadism in the elderly, increasing awareness of HCG among healTH*Care professionals and patients, growing fertility tourism, and improved healTH*Care facilities.
The human chorionic gonadotropin (HCG) market is expected to grow strongly, reaching $1.42 billion by 2029 at a CAGR of 8.4%. This growth is driven by the rising incidence of infertility, increasing prevalence of polycystic ov*ary syndrome, growing female infertility, and the higher use of HCG in veterinary medicine. Key trends include innovations in pregnancy detection, new drug formulations, technological integration, research and development, and product innovation.
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How Are Emerging Segments Shaping the Human Chorionic Gonadotropin Market Landscape?
The human chorionic gonadotropin market covered in this report is segmented -
1) By Technology: Natural Source Extraction, Recombinant Technology
2) By Therapeutic Area: Female Infertility Treatment, Oligospermic Treatment, Male Hypogonadism, Other Therapeutic Areas
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
4) By End User: Fertility Clinics, Research Institutions, Other End Users
Subsegments:
1) By Natural Source Extraction: Extraction From Pregnant Women's Urine, Extraction From Animal Sources
2) By Recombinant Technology: Recombinant Hcg, Recombinant Hcg For Therapeutic Use, Recombinant Hcg For Diagnostic Applications
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Which Growth Factors Are Influencing Human Chorionic Gonadotropin Market Expansion?
An increasing rate of infertility is expected to drive the growth of the human chorionic gonadotropin (hCG) market. Infertility is becoming more prevalent due to various factors such as delayed childbearing, lifestyle changes, and medical conditions. Human chorionic gonadotropin is used in fertility treatments to stimulate ovulation in women and support testosterone production in men. As infertility rates rise, demand for hCG-based treatments is expected to increase. For instance, according to the World Health Organization, infertility affects approximately 17.5% of the adult population, and there is growing global awareness about improving fertility care.
Who Are the Dominant Players Across Different Human Chorionic Gonadotropin Market Segments?
Major companies operating in the human chorionic gonadotropin market are Pfizer Inc., Merck & Co Inc., Novartis AG, Bristol-Myers Squibb Company, Fresenius Kabi AG, Janssen Pharmaceuticals Inc., Teva Pharmaceutical Industries Ltd., Sandoz International GmbH, Sun Pharmaceutical Industries Limited, Menarini Group, Cipla Limited, Hikma Pharmaceuticals plc, Ferring Pharmaceuticals Inc., Intas Pharmaceuticals Ltd., Zydus Lifesciences Limited, Lupin Limited, Shenzhen Hepalink Pharmaceutical Group Co. Ltd., Scripps Laboratories Inc., Aspen Pharmacare Holdings Limited, Corona Remedies Pvt Ltd., Sanzyme Private Limited, Biocare Medical LLC, Lee BioSolutions Inc., MyBioSource Inc.
What Trends Are Expected to Dominate the Human Chorionic Gonadotropin Market in the Next 5 Years?
Leading businesses in the human chorionic gonadotropin market are striving for innovation, creating products like pregnancy detection kits to raise diagnostic precision, improve patient results, and broaden their market presence. These kits serve to verify pregnancy by identifying human chorionic gonadotropin (hCG) within a person's body. In June 2022, for example, US-based medical equipment producer Proov introduced new hCG tests specifically engineered for early pregnancy determination, facilitating women to confirm their pregnancy up to six days ahead of their anticipated mens"truation cycle. These kits function by spotting the existence of human chorionic gonadotropin (hCG) in the urine and offer superior accuracy, with a trustworthiness rate surpassing 99. This novelty aims to offer women a dependable and accessible tool to check their pregnancy status sooner than conventional tests, thus allowing them to make educated choices about their fertility health.
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Which Geographic Regions Are Expected to Dominate the Human Chorionic Gonadotropin Market in the Coming Years?
North America was the largest region in the human chorionic gonadotropin market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the human chorionic gonadotropin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Human Chorionic Gonadotropin Market?
2. What is the CAGR expected in the Human Chorionic Gonadotropin Market?
3. What Are the Key Innovations Transforming the Human Chorionic Gonadotropin Industry?
4. Which Region Is Leading the Human Chorionic Gonadotropin Market?
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