Global Human Growth Hormone Industry
New Study On “Global Human Growth Hormone Market 2019 Industry Analysis, Segment & Forecast Up to 2025” Added to Wise Guy Reports Database
As per the latest report by QYResearch Group, the global human growth hormone market is expected to ascend at a steady pace over the forecast period. human growth hormone (HGH) is a peptide hormone which facilitates growth, cell reproduction, cell regeneration in humans and other animals. It is usually used as a prescription drug to treat children’s growth disorders and adult growth hormone deficiency.
Various factors are responsible for the expansion of the global human growth hormone market including the increasing awareness towards the effectiveness of growth hormone in short stature and a widening application to treat several growth disorders.
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Moreover, technological developments such as the development of recombinant human growth hormone by market players is expected to boost the HGH market growth over the review period. Rising prevalence of aging population coupled with high growth in serious chronic illnesses is expected to retain and proliferate the demand for HGH drugs in the market. Also, elevation in the occurrence of pituitary dysfunction is likely to supplement the human growth hormone market.
Several market players are noted to invest heartily in the research and development of long-acting hormonal therapy with lower adverse effects. Additionally, these market players are also estimated to focus on increasing the production capacity and gain higher economies of scale, further supporting market growth.
Key Players
Novo Nordisk, Pfizer, Eli Lilly, Merck Serono, F. Hoffmann-La Roche, Ferring Pharmaceuticals, GeneScience Pharmaceuticals, Ipsen, LG Life Sciences, Sandoz International, and Anhui Anke Biotechnology are some of the notable vendors prevalent in the global human growth hormone market. These market players are expected to influence the market positively through heavy investment in R&D of enhanced drugs.
Market Segmentation
The human growth hormone market is segmented on the basis of application, type, and region. The global HGH market is studied for the segments of powder and solvent, based on type. On the other hand, market segmentation on the basis of application has been analyzed for Turner Syndrome, Growth Hormone Deficiency (GHD), Prader Willi Syndrome, Chronic Renal Insufficiency, SHOX Deficiency, and Small for Gestational Age.
Detailed Regional Analysis
The global human growth hormone market is analyzed for the regional segments of North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America accounted for the largest share of the market at the beginning of the forecast period. The region’s dominance over the global market can be accredited to the rising affordability of medicines and the presence of pipeline. Prevalence of local market players coupled with the commercialization of the growth hormone are other factors boosting growth in the regional human growth hormone market.
Asia Pacific is expected to exhibit a skyrocketed growth rate over the assessment period owing to the elevation in demand for human growth hormone-based medicines. Japan, India, China, and Australia are leading the country-specific markets for human growth hormones in the APAC owing to proliferated investments by market players in the region.
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