The global Human Growth Hormone Market Insights, during the forecast period 2018 to 2027, will register growth at a CAGR of 7.50%. The market for growth hormone is set to reach a high value in the coming years. As per growth hormone market analysts, the global market is anticipated to witness growth owing to the factors such as the surge in GH deficiency cases to be a key growth booster as well as the rising GH deficiency disorders worldwide. However, the market will face challenges and restraints due to the side effects of GH drugs to weaken demand and the high costs of GH therapies during the forecast period 2018 to 2027.
The surge in FDA approvals in the growth hormone market is set to play a key role in determining the growth potential during 2018 to 2023 years. Analysts have also studied the market to understand potential threats and challenges the growth hormone market companies could face. Although the market is poised to grow at a fast pace across route of administration, brand, application, and distribution channels segments, factors such as side effects like joint pain, fluid retention and muscle pain could slow down the growth hormone market's growth worldwide.
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Segmental Analysis
The segmentation of the human growth hormone market is carried out on the basis of application, brand, distribution channel, route of administration, and region. The human growth hormone market has been segmented on the basis of applications into treatment of idiopathic short stature, small for gestational age, growth hormone deficiency, Prader-Will syndrome, Turner syndrome, and others. The brand-based segmentation of the human growth hormone market comprises of Norditropin, Genotropin, Omnitrope, Humatrope, Saizen, and others. The segmentation of the market for human growth hormones on the basis of routes of administration consists of intravenous, oral, intramuscular and subcutaneous. The distribution-based segmentation of the human growth hormones market consists of clinics, retail pharmacies, hospital pharmacies, and e-commerce websites.
Regional Overview
Expensive GH therapy deterring patients may hinder the market growth. The market research report suggests that companies in the growth hormone market could be supported by the use of growth hormones for conditions like Turner syndrome as well as the escalation in growth hormone deficiency disorders during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional growth hormone markets will dominate the global market for growth hormone during the forecast period 2018 to 2023. As per market analysts, the market is set to witness tremendous growth across growth hormone’s application, hospital pharmacy distribution channel, and subcutaneous route of administration segments in North America which covers growth hormone markets across the United States, Canada, Mexico and several other regional markets. Companies active in the growth hormone market are also analyzed and studied in the market research report.
The market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering growth hormone markets from India, China, Japan, Australia, and others. The growth hormone market is also spread across the rest of the world. The market report covers all such regions including the Middle East, Africa, Brazil, and others.
Competitive Landscape
Growth hormone has seen increased demand over the years, due to more advances in the growth hormone therapy and the surge in FDA approvals. Companies functioning in the global growth hormone market are also being challenged due to side effects like fluid retention and muscle pain and development of novel drugs. Mergers and acquisitions by growth hormone market companies are anticipated to help the market during the forecast period 2018 to 2023. As the market is set to register a high CAGR of 7.50% and is also anticipated to reach a greater value over the years, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2023. Based on SWOT analysis and growth hormone market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by growth hormone market companies are anticipated to help the market during the forecast period 2018 to 2023.
Industry News
Lumos Pharma, Inc., a medical pharmaceutical corporation focusing on the discovery and commodification of therapies for uncommon and neglected diseases, reported today that it has secured the licence for LUM-201 from Ammonett Pharma LLC, an experimental inhaled insulin small molecule that stimulates pituitary gland growth hormone production. Lumos expects to begin a Phase IIb trial in clinicians with Pediatric Growth Hormone Deficiency (PGHD), comparing increasing doses of LUM-201 to regular doses of transgenic growth hormone, which is currently the standard of treatment.
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