Forecast to 2028,’ thoroughly examines the Growth Hormone Drug industry to provide essential data & information for the targeted readers.
The latest market analysis report published by Reports and Data, titled ‘Global Growth Hormone Drug Market – Forecast to 2028,’ thoroughly examines the Growth Hormone Drug industry to provide essential data & information for the targeted readers. The report consists of quantitative and qualitative research on the market performed by our market experts. The Growth Hormone Drug industry report emphasizes the current and upcoming market revenue growth opportunities and trends. Moreover, the report offers key information on the industry statistics, as well as a wide range of dynamic factors including drivers, restraints, risks, challenges, threats, supply & demand ratios, production & manufacturing capacities, sales & distribution networks, cost & demand volatility, import/export ratios, profit margins, and macro-economic and micro-economic factors. The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview. Our market experts have determined the current financial positions of the leading industry players in the report leveraging advanced analytical tools such as Porter’s Five Forces Analysis, SWOT analysis, and investment assessment.
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The global growth hormone drug market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Technological development of recombinant human growth hormone drugs, and increasing adoption of off-label human growth hormones are some of the key factors expected to drive growth hormone drug market revenue growth. Demand for growth hormone drugs is also driven by increasing awareness of benefits of growth hormones, which aids in treatment of growth hormone deficiency disorders in human beings.
Growth hormone, commonly known as somatotropin in humans, is a peptide hormone released by the pituitary gland. The hormone primarily controls cell growth, regeneration, repair, reproduction, and metabolism, thus, contributing to overall body growth and development. Human growth hormones also aid in gaining and maintaining body weight, bone and muscle growth, improving muscle strength and performance, fluid balance, fat and sugar metabolism, and injury recovery. Exercise, sleep, stress, and decreased glucose levels can help to manage growth hormone levels in the human body, and hormone levels should be optimum for normal growth.
The growth hormone deficiency occurs when the pituitary gland is not able to manufacture a sufficient concentration of human growth hormones. Administration of subcutaneous injections of recombinant human growth hormones is used to treat this deficiency. One of the key factors driving market growth is increasing incidence of Turner syndrome and other growth-related disorders. Turner syndrome, a chromosomal disorder, is frequently treated with growth hormones to alleviate some of the symptoms. As a result, demand for growth hormone drugs is increasing globally. Deficiencies in growth hormones in the human body cause a variety of disorders, including Prader-Willi syndrome and idiopathic short stature, which can be treated with synthesized growth hormone.
Market Overview:
The global Growth Hormone Drug market has significantly grown over the recent past and is expected to register rapid growth over the forecast period of 2021 to 2028. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Growth Hormone Drug market is significantly driven by factors such as increasing prevalence of chronic diseases, rapid advancements in healthcare and medical sector, high adoption of latest tools and techniques and growing funds by several public and private sectors. In addition, rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
- Novo Nordisk
- Pfizer, Inc.
- Eli Lilly and Company
- Sandoz International GmbH (Novartis AG)
- GeneScience Pharmaceuticals Co. Ltd
- Merck KGaA
- Anhui Anke Biotechnology (Group) Co., Ltd
- Ipsen
- Merck & Co
- Genentech, Inc.
- Ferring Pharmaceuticals
- Teva Pharmaceutical Industries
- EMD Serono Inc.,
- Hoffmann-La Roche AG
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Growth Hormone Drug Market Segmentation:
Type Outlook (Revenue, USD Billion; 2018-2028)
- Growth Hormone Deficiency
- Prader-Willi Syndrome
- Turner Syndrome
- Small for Gestational Age
- Others
Route of Administration Outlook (Revenue, USD Billion; 2018-2028)
- Intravenous
- Intramuscular
- Subcutaneous
- Oral
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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