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Increased Awareness Of Treatment Procedures Boosts Human Growth Hormone Market: Strategic Insights Driving Human Growth Hormone Market Momentum in 2025
Human Growth Hormone Market Size
How Large Will the Human Growth Hormone Market Size By 2025?
The market size of the human growth hormone has seen a swift expansion in the recent past. There is an expected growth from $4.75 billion in 2024 to $5.23 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.1%. The impressive growth in the historic period is due to increasing instances of growth disorders, heightened knowledge about hormone treatments, its widening usage in sports medicine, an aging population, and enhanced healthcare infrastructure.
How Big Is the Human Growth Hormone Market Size Expected to Grow by 2029?
The market size of human growth hormone is forecasted to witness substantial expansion in the coming years, reaching a value of $7.6 billion by the year 2029, growing at a compound annual growth rate (CAGR) of 9.8%. Factors contributing to this predicted growth in the forecast period encompass the rise of personalized medicine, global augmentation in healthcare spending, the accelerated acceptance of recombinant DNA technology, increasing demand for hormone replacement treatments, and the climbing incidence of endocrine disorders. Key trends expected during the forecast period include the enlargement of distribution networks in emerging markets, the incorporation of artificial intelligence into drug discovery, focus on sustainable manufacturing methods, the creation of long-acting formulations, and the use of combination treatments for improved efficacy.
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Which Key Market Drivers Powering Human Growth Hormone Market Expansion and Growth?
The surge in knowledge concerning treatment procedures is forecasted to bolster the enlargement of the human growth hormone market in the future. Treatment procedures pertain to medical practices designed to relieve, control, or eradicate health conditions or diseases. The upsurge of knowledge regarding these procedures is motivated by medical technological advancements, enhanced access to data via digital outlets, and an escalating public fascination with health and wellness. Human growth hormone (HGH) treatments have received considerable media coverage and captured public curiosity, underscoring the advantages and potential implementations of contemporary medical practices, thereby amplifying overall treatment procedure awareness. Specifically, a report from November 2023, The 2022 National Survey on Drug Use and Health (NSDUH), indicates that, among adolescents aged 12 to 17, the percentage who received treatment increased. In this way, the increase in knowledge concerning treatment procedures is fueling the expansion of the human growth hormone market. The growth in healthcare expenditure is believed to stimulate the advancement of the human growth hormone market in the coming years. This term embodies the aggregate costs related to health services, goods, and interventions aimed at health preservation and improvement. A unique approach offered in Human growth hormone (HGH) therapy is its strategies for mitigating these healthcare costs. By addressing root health issues and boosting recovery and quality, the therapy can potentially deter the emergence of expensive chronic conditions. A notable instance in May 2023, a report by the Office for National Statistics, a UK government department, showed that healthcare spending in the UK saw a 5.6% increase compared to the 0.9% growth in 2022. In this way, the growth in healthcare expenditure is serving to boost the human growth hormone market.
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Which Fast-Growing Trends Are Poised to Disrupt the Human Growth Hormone Market?
Key players in the human growth hormone market are bolstering their efforts in the area of drug innovation and obtaining regulatory approval to enhance their therapeutic offerings and bring about superior treatment solutions. The drug development process, being intricate and stringent, involves numerous stages to confirm the safety, efficacy, and quality of a fresh drug before entering the market. For example, Pfizer Inc., a biopharmaceutical firm from the United States, together with OPKO Health Inc., also a US-based biopharmaceutical and diagnostics company, revealed in June 2023 the FDA approval of NGENLA (somatrogon-ghla). This therapeutic solution offers a more user-friendly dosing schedule and boosts patient compliance in comparison to daily injections, offering children suffering from growth hormone deficiency the chance to decrease the injection frequency from daily to weekly. The FDA approval is backed by a Phase 3 study that demonstrates the non-inferiority of NGENLA compared to daily-dosed somatropin, presenting a safety profile similar to somatropin.
What Are the Emerging Segments in the Human Growth Hormone Market?
The human growth hormone market covered in this report is segmented -
1) By Product: Liquid, Powder
2) By Brand: Norditropin, Genotropin, Humatrope, Saizen, Omnitrope, Skytrofa, Others Brands
3) By Route Of Administration: Oral, Intravenous, Intramuscular, Subcutaneous
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacy, Specialty Pharmacy
5) By Application: Growth Hormone (GH) Deficiency, Adult Growth Hormone (GH) Deficiency, Pediatric Growth Hormone (GH) Deficiency, Turner Syndrome, Idiopathic Short Stature, Prader-Willi Syndrome, Small For Gestational Age, Other Applications
Subsegments:
1) By Liquid: Pre-Filled Liquid Syringes, Vials Of Liquid Growth Hormone
2) By Powder: Reconstitutable Powder, Freeze-Dried Powder
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Who Are the Global Leaders in the Human Growth Hormone Market?
Major companies operating in the human growth hormone market are 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
Which are the Top Profitable Regional Markets for the Human Growth Hormone Industry?
North America was the largest region in the human growth hormone market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the human growth hormone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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