Global Human Growth Hormone Market expected to make a surge by 7.50% CAGR between 2018 and 2023, which can be taken as a forecast period. Market Research Future (MRFR) made some valid claims in their published report on the same on the basis of factor-oriented data they have fetched.
Growth hormone plays a crucial role in defining function in the human body. This can be defined as a proteohormone produced from the pituitary gland and known for its effective output in determining growth of adults and children. Demand for these hormones is rising as various individuals are reporting a deficiency of it. In addition, technological advancement, increasing investment in the research & development sector, and inclusion in DNA-related study can inspire better growth patterns. Growth deficiency is often characterized as a endocrine disorder, which can be triggered by both congenital influence or damage occurred in the brain for some injuries. It can trigger altered body formation, sluggish energy level, osteoporosis, curbed muscle strength, adversely influencing insulin resistance, various lipid abnormalities, and others that can cover cholesterol level as well. As a cure, growth hormone therapy can be considered as a standard procedure to counter the deficiency.
Get Sample Copy for Report “Growth hormone Market Research Report: Information by Brand (Norditropin, Genotropin, Humatrope, Saizen, Omnitrope, Others), Application (Growth Hormone Deficiency, Idiopathic, Short Stature, Small for Gestational Age, Turner Syndrome, Prader-Willi Syndrome, Others), Route of Administration (Subcutaneous, Intramuscular, Intravenous, Oral), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Clinics, E-Commerce Websites) and Region – Global Forecast till 2025″ @ https://www.marketresearchfuture.com/sample_request/6494
Human Growth Hormone Market Segmentation
The Human Growth Hormone Market, as per the report in discussion, can be segmented into route of administration, application, brand, and distribution channel. The analysis is amply backed by data gathered using various pertinent methods,
By brand, the global market for growth hormone can be segmented into genotropin, norditropin, saizen, omnitrope, humatrope, and others. As per the market in 2017, norditropin had the maximum market value and is on a path to show the highest CAGR in the coming years.
By application, the market for growth hormone can be segmented into idiopathic, growth hormone deficiency, small for gestational age, short stature, prader-willi syndrome, turner syndrome, and others.
By route of administration, the market for growth hormone can be segmented into intramuscular, intravenous, subcutaneous, and oral.
By distribution channel, the market for growth hormone can be segmented into retail pharmacies, clinics, hospital pharmacies, and e-commerce websites.
Human Growth Hormone Market Regional Analysis
The growth hormone market of the the Americas has the largest market share in the world. This is mostly because of their intense market penetration owing to their high awareness. It has a market coverage of 49.18%. North America is the major contributor where countries like the US and Canada are making significant progress by launching number of strategies and investing significant amount of cash in developing the regional market scenario. The cost of the treatment is affordable for the people of these two countries as their per capita income and healthcare infrastructure are quite robust. However, in the Southern part it is getting major traction from countries like Argentina and Brazil. But other countries from the region are showing slackened growth.
The European growth hormone market can be analyzed in a better way if the regional market gets segmented into Eastern Europe and Western Europe. The Western Europe market, with countries like Spain, France, Germany, and the UK to contribute, is expected to fetch high market revenue. The Asia Pacific region, with its massive population, to carry forward growth, is all set to trigger high intake. This is something that is also luring in a lot of foreign players who are taking it as an opportunity to expand their business.
In November 2019, growth-related studies conducted by researchers from the Oxford University revealed that presence of high testosterone and other growth hormone can trigger prostate cancer.
- Novartis AG,
- Novo Nordisk A/S,
- Pfizer Inc.,
- Biopartners GmbH,
- Anhui Anke Biotechnology (Group) Co., Ltd,
- Merck KGaA,
- Ipsen S.A.,
- Eli Lily and Company,
- Lifetech Labs,
- GeneScience Pharmaceuticals Co., Ltd,
- Zhongshan Hygene Biopharm Co., Ltd,
- Genetech Inc.,
and others can be considered for a better analysis of the global market for growth hormone.
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