Press release
Global Human Growth Hormone Market 2016 - 2024: Industry Size, Share, Growth, Forecasts
Human growth hormones are responsible for the growth and maintenance of tissues and organs throughout the life. Human growth hormones are also known as somatotropin which is a peptide hormone that stimulates growth, cell division, cell growth and cell regeneration in humans. These hormones are naturally secreted from the pituitary gland in the hypothalamus. Any deformity or damage to pituitary gland can impact the natural productivity of the hormone levels. The natural slowdown of the growth hormones results into underdevelopment of any organ or tissue which further triggers the usage of synthetic human growth hormones in order to get the desired growth. Benefits of using human growth hormone are increased muscle strength, better fracture healing, stronger bones, depression, improved erectile function, decreased obesity and many more. Over secretion of growth hormones causes disfiguration of the body parts like face, feet. Gigantism and dwarfism are also caused by the disproportionate secretion of the growth hormones. Human growth hormones are also been used in the treatment of cancer especially in the post cancer therapy for the hair growth, loss of muscles and decreased bone mass.
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The global human growth hormone market is segmented according to the type, end users and geography. According to the product type, the market is segmented into spray, injections and pill. Spray form of growth hormone is administered sublingually through the mucous membrane. Injections are the most common and oldest form administration of human growth hormone, it is the most potent form and contains real recombinant growth hormones. Pills used the form of growth hormones that are not actual human growth hormones but they stimulate the pituitary gland to produce natural human growth hormone in the body. According to the end users the market is segmented into hospitals and private clinics. Geographically, the human growth hormone market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
The global growth hormone market is driven by increased use of bio similar drugs, improved therapeutic options for diseases like Alzheimer’s, rising number of cancer cases, rising prevalence of HIV/AIDS cases, increase in incidence of human growth hormone deficiency disease, growing aging population, technological advancement in the development of recombinant growth hormone. Increased disposable income and the willingness for better living are also increasing the demand for the development of human growth hormone. Whereas there are few restraining factors for the development of the market such as stringent regulatory approvals for recombinant DNA technology, high cost of treatment and adverse effects associated with the usage of synthetic growth hormone.
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Geographically the U.S. leads the human growth hormone market due increase in the proportion of aging population as it is used as an anti – ageing agent, high incidence of turner syndrome, human growth deficiency disorder. Asia Pacific is the fastest growing market as there is increase in the healthcare expenditure, changing lifestyle due to increased disposable income thereby having accessibility and affordability for growth hormone injections and larger geriatric population in countries like India and China. Europe is a saturated market for human growth hormones. The expected growth in Europe during the forecast period can be only with innovation of needless injector devices. Latin America is expected to emerge as potential market for human growth hormone due increase in the disposable income and rising healthcare reforms. Middle East and Africa are slow emerging markets for human growth hormone due to low socio economic status in majority of the Middle East and Africa.
The leading players in the Human growth Hormone market are Pfizer Inc., Novo Nordisk, Merck Sereno, Eli Lilly, Sandoz Intrnational, Teva Pharmaceuticals and Roche.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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