What is Human Chorionic Gonadotropin Market?
The human chorionic gonadotropin hormone plays a different role in both male & female sexual development. In females, the human chorionic gonadotropin mostly used to identify defects and confirm pregnancy and it is made from the placenta during pregnancy which nourishes the egg after it has been fertilized. In males, especially young boys it used to increase sperm count. Human chorionic gonadotropin is administrated in the body through the injection under the skin into the muscle. Growing phenomenal pace since the past few years due to rise in infertility in women and changing lifestyles and poor dietary habits among the men and women are expected to make significant growth of the global human chorionic gonadotropin market.
The market study is being classified and major geographies with country level break-up.
Bristol Myers Squibb (United States), Merck & Co., Inc. (United States), Cigna (United States), Lee BioSolutions Inc. (United States), Scripps Laboratories (United States), Ferring Pharmaceuticals Inc. (United States), Fresenius Kabi AG (Germany), MyBioSource (United States), Kamiya Biomedical Company (United States), Sun Pharmaceutical Industries Ltd. (India), Cipla Limited (India), Sanzyme (India) and LUPIN (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Intas Pharmaceuticals (India), Prospec-Tany Technogene Ltd (Israel), Biocare Medical, LLC (United States), Zydus Cadila (India) and Life Medicare & Biotech Pvt. Ltd. (India).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Human Chorionic Gonadotropin market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Human Chorionic Gonadotropin market by Type, Application and Region.
On the basis of geography, the market of Human Chorionic Gonadotropin 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Incidence of Male Hypogonadism among the Geriatric Population
- Growing in Traction Gained by Human Chorionic Gonadotropin among Healthcare Professionals and Patients
Market Trend
- Rise in Availability of Treatment and Services Regarding Infertility
Restraints
- Various Side-Effects Associated with Using Human Chorionic Gonadotropin as a Treatment
Opportunities
- Increase in Awareness about Therapeutics for Infertility Issues are Boosting the Demand for Human Chorionic Gonadotropin Hormone in Developing Countries
Challenges
- Strict Norms and Regulation Regarding the Human Chorionic Gonadotropin
On 22nd January 2020, Merck has announced that the European Commission (EC) has granted Marketing Authorization (MA) for its new GONAL-f (follitropin alfa) 150 IU pen. This means Merck now offers an even more comprehensive range of best-in-class pens, supporting patients from the beginning to the end of their fertility stimulation cycle, and when lower doses are required.
Key Target Audience
Human Chorionic Gonadotropin Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others