Advanced Recombinant DNA Technology Are Expected To Drive Human Growth Hormone Market Demand
The latest Fact.MR study provides a comprehensive understanding of Human Growth Hormone (HGH) market growth curve with gross margin, and demand-supply process, Human Growth Hormone (HGH) market sales & demand. The competitive perspective section of report presents a clear insight into market share analysis of major players in industry.
Human growth hormone, also known as somatotropin or growth hormone, helps in the growth of all the essential tissues of the body including bones. It is one of the most essential hormones required by a human body. Human growth hormone is produced and secreted by somatotrophs, anterior pituitary cells that secrete almost 1-2 milligrams of hormones every day.
Synthetic human growth hormone was developed in the 1980s and was approved by FDA for use in children and adults. As per a study conducted by the Partnership Attitude Tracking Study (PATS), the usage of synthetic human growth hormone by teenagers has witnessed an increase of 120% from 2012 to 2013.
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Human growth hormone spurs muscle strength, growth, and exercise performance. Lower levels of human growth hormone can increase the risk of diseases, hamper quality of life and initiate fat gain. Human growth hormone helps avoid several disorders, which include growth hormone deficiency,
Turner syndrome, Prader-Willi syndrome, Noonan syndrome, SHOX gene haploinsufficiency, idiopathic short stature, Creutzfeldt-Jakob disease, and chronic kidney diseases.
This Human Growth Hormone (HGH) market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Human Growth Hormone (HGH) along with key stakeholders as well as emerging players associated with the manufacturing of product.
Further, the Human Growth Hormone (HGH) market survey report emphasizes the adoption pattern and demand of Human Growth Hormone (HGH) across various industries. The Human Growth Hormone (HGH) demand study has identified the segments that are expected to contribute major shares to revenues.
The sales study on the Human Growth Hormone (HGH) market offers a scrutiny of the demand and consumption volumes, factors affecting these, and share and size of the various end-use segments.
Human Growth Hormone (HGH) Market: Segmentation
The global Human Growth Hormone (HGH) market can be segmented on the basis of application type, end users, and geography.
Based on application type, the global Human Growth Hormone (HGH) market is segmented as:
- Growth hormone deficiency
- Idiopathic short stature
- Turner syndrome
- Small for gestational age
- Prader-Willi syndrome
Based on end users, the global Human Growth Hormone (HGH) market is segmented as:
Based on geography, the global Human Growth Hormone (HGH) market is segmented as:
- North America
- Latin America
- CIS & Russia
- Middle East & Africa
The key trends analysis of Human Growth Hormone (HGH) market also provides dynamics that are responsible for influencing the future sales and demand of over forecast period.
The market outlook report provides insights into various aspects and growth of Human Growth Hormone (HGH) industry. Some of the dynamics on which the study focuses are:
- Human Growth Hormone (HGH) market key drivers, restraints, and current size.
- Human Growth Hormone (HGH) market sales revenue potential of various application areas.
- Key focus of key players for investments.
- Most prominent avenues for Human Growth Hormone (HGH) market growth.
- Detailed segmentation based on various parameters.
- Strategic landscape.
- Region-wise assessment.
- Regions that are outliers to the general growth & trends.
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The outlook study on Human Growth Hormone (HGH) market provides a comprehensive analysis that shape the competitive landscape & sales revenues.
Human Growth Hormone (HGH) Market: Key Players
Some of the major market participants operating in the global Human Growth Hormone (HGH) market are Novo Nordisk; Eli, Lilly and company; Merck & Co., Inc.; Pfizer Inc., Genentech, Inc.; Ferring Holding SA; Sandoz International GmbH; and Ipsen.
Pfizer signed an agreement with OPKO for the developing and commercializing the hGH-CTP human growth hormone for the treatment of adults and children. Novo Nordisk, in January 2015, received U.S. FDA approval for an injection pen, Norditropin FlexPro, for patients suffering from growth hormone disorders. The companies are competing for the production of long-acting drugs with lower adverse effects
Additionally, the report provide figures related with total increase in opportunities of different promising regional markets. And focuses on some of major macroeconomic trends that will be crucial to generate new Sales avenues in various regional market
Human Growth Hormone (HGH) Market: Regional Outlook
North America’s human growth hormone market is anticipated to grow the fastest over the forecast period owing to the presence of local players in the market, easy availability, and better affordability for human growth hormone drugs and hormonal therapy.
Commercialization of human growth hormone drugs by the US. FDA over the years is also one of the vital factors boosting the human growth hormone market. The Asia-Pacific human growth hormone market is also expected to grow significantly over the forecast period because of improved healthcare expenditure,
large patient pool, and increasing investments by market players. Increasing awareness about the treatment of short stature by human growth hormone is also propelling the human growth hormone market.
Regional analysis includes
- North America
- Latin America
- Rest of LATAM
- EU – 4 (Germany, France, Italy, Spain)
- BENELUX (Belgium, Netherlands, Luxemburg)
- NORDIC (Norway, Denmark, Iceland, Sweden)
- Eastern Europe (Poland, Ukraine, Czech Rep. Etc.)
- Rest of Europe
- CIS & Russia
- Greater China
- ASEAN Countries
- Rest of APEJ
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
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Interested stakeholders and participants should access the report to get a wide range of information. Some of the important ones are:
- Which regional markets are expected to be likely outlier to the common trends?
- Which countries in key regional markets will contribute sizable shares?
- The demand among which end users will witness highest rise?
- What are covid-19 implication on sales of Human Growth Hormone (HGH) market and learn how businesses can respond, manage and mitigate the risks?
- What are some of the regulations that might change the course of Human Growth Hormone (HGH) growth of market?
- Which end-use segment is expected to generate the major share of global sales revenues in Human Growth Hormone (HGH) market?
Human Growth Hormone (HGH) Market: Snapshot
Growth deficiency syndrome is expected to contribute a major share in the human growth hormone market owing to the increased incidence of pituitary dysfunctioning and growing support for the R&D of growth hormone drugs. Turner syndrome also plays a significant role in the human growth hormone market.
A large number of patients suffering from Turner syndrome are treated by growth hormones for delayed sexual and physical development. US. FDA has approved human growth hormone for the treatment of Turner syndrome in 1996.
The others segment includes chronic kidney diseases, Down syndrome, skeletal dysplasia, Noonan syndrome, SHOX gene haploinsufficiency, and several other indications that are anticipated to boost the human growth hormone market.
Human Growth Hormone (HGH) Market: Drivers
Long-acting human growth hormone formulations are consistently developing. Increase in the prevalence of human growth hormone deficiency, HIV/AIDS, cancer, Turner syndrome, SHOX gene haploinsufficiency, skeletal dysplasia, as well as increase in healthcare expenditure and the availability of advanced recombinant DNA technology are among factors expected to drive the human growth hormone market over the forecast period.
However, costs of the R&D required for human growth hormone are extremely high. The high cost of treatment is another factor restraining the growth of the human growth hormone market.
Adverse effects of recombinant human growth hormones, which include joint & muscle pain, swelling in the legs & arms, increased insulin resistance, and carpal tunnel syndrome, are also expected to hamper the growth of the human growth hormone market over the forecast period.
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