About Human Growth Hormone
Human Growth Hormone (HGH) stimulates growth, cell production and regeneration of human cells. It is produced by pituitary gland and helps in regulate body composition, body fluids, muscles and bone growth. The side effects of HGH include fluid retention, joint and muscle pain. Moreover, it has been banned by Food and Drug Administration (FDA) as well as International Olympic Committee.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.73% |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global industrial silica sand market can witness an upsurge in the forecast period. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Human Growth Hormone market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eli Lilly and Company [United States], Ferring Holding SA [Switzerland], Genentech [United States], Merck & Co. [United States], Novo Nordisk [Denmark], Pfizer [United States], Sandoz International GmbH [Germany] and Ipsen [France] are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Teva Pharmaceutical Industries [Israel], EMD Serono Inc [United States], Roche Holding AG [Switzerland], EMD Serono Inc [United States] and GeneScience Pharmaceuticals [China].
Segmentation Overview
AMA Research has segmented the market of Global Human Growth Hormone market by Type (Recombinant Human Growth Hormone (rhGH) and Human Growth Hormone (rhGH)), Application (Growth Hormone Deficiency, Turner Syndrome, Idiopathic Short Stature, Prader-Willi Syndrome, Small for Gestational Age and Others) and Region.
On the basis of geography, the market of Human Growth Hormone has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023.
Influencing Trend:
Growing Use for the Patients with Chronic Renal Failure and Growing Customized Drug Use For Medical Purpose
Market Growth Drivers:
Growing Adoption of Growth Hormone Drugs for Medical Purpose and Rising Incidences of Chronic Disease among Children and Adults
Challenges:
Rising Illicit Use of Drugs and Lack of Awareness in Emerging Countries
Restraints:
Adverse Effect Associated with Human Growth Hormone and Stringent Regulatory Guidelines Regarding its Use
Opportunities:
Growing Awareness About its Use in Emerging Countries
Market Leaders and their expansionary development strategies
In Janaury 2024, Independent biopharmaceutical company Specialised Therapeutics Asia Pte Ltd (ST) has added three new endocrinology therapies to its specialist portfolio, following an exclusive distribution agreement with Danish company Ascendis Pharma A/S
In August 2023, NGENLA is expected to become available for U.S. prescribing Growth hormone deficiency (GHD) is a rare disease characterized by the inadequate secretion of the growth hormone somatropin from the pituitary gland, affecting one in approximately 4,000 to 10,000 children.
HGH is made illegal by Food and Administration. Though, it is allowed to be used in few specific medical conditions. Additionally, it has been banned by most professional sports leagues in the United States and by the International Olympic Committee
Key Target Audience
HGH Drug Providers, Research Institutes, Government Agencies and Potential Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.