Growth Hormone Market Research Report Information by Brand (Norditropin, Genotropin, Humatrope, Saizen, Omnitrope, Skytrofa, and Others), by Route of Administration (Subcutaneous, Intramuscular, and Intravenous), by Application (Pediatric Growth Hormone Deficiency, Adult, Growth Hormone Deficiency, Idiopathic Growth Hormone Deficiency, Small for Gestational Age, Turner Syndrome, Prader-Willi Syndrome, and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacy, and Specialty Pharmacy), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030

According to MRFR analysis, the global Growth Hormone Market is expected to register a CAGR of 9.46 % from 2022 to 2030 and hold a value of over USD 9.46 Billion by 2032.

The growth hormone market has been driven by several factors, including increasing awareness about hormone replacement therapy, rising cases of growth hormone deficiencies, and a growing aging population. Additionally, advancements in biotechnology and pharmaceutical research have led to the development of more effective and safe growth hormone therapies.

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The prevalence of growth hormone deficiencies is on the rise, with both children and adults being affected. This has led to an increased demand for growth hormone replacement therapy. Factors such as genetic disorders, trauma, and tumors can result in growth hormone deficiencies, driving the market’s growth.

Segmentation

Subcutaneous, intramuscular, and intravenous injection routes comprise the growth hormone market segmentation.

The growth hormone market data has been divided by application into small for gestational age, turner syndrome, Prader-Willi syndrome, idiopathic growth hormone deficiency, and adult growth hormone deficiency.

Brand-based segmentation of the growth hormone market comprises Norditropin, Genotropin, Humatrope, Saizen, Omnitrope, Skytrofa, and other products.

The growth hormone market has been divided into hospital, retail, online, and specialty pharmacies based on the distribution channel.

Key Players

Some of the top market players are Novo Nordisk A/S (Denmark), Pfizer Inc. (US), Ascendis Pharma A/S (Denmark), EMD Serono (US), Ferring B.V. (Switzerland‎), Zhongshan Sinobioway Hygene Biomedicine Co., Ltd (China), Sandoz International GmbH (Germany), AnkeBio Co., Ltd (China), Ipsen Pharma (France), Genentech (US), and Others

Regional Analysis

Due to the expanding availability of novel pharmaceuticals, supported by the existence of a sizable number of recognized corporations and supporting reimbursement regulations, North America held the biggest market share. Furthermore, the regional market’s growth is fueled by considerable government initiatives, a well-developed healthcare system, and high public awareness.

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Growth hormone shortage is becoming more common in Europe due to stress, poor sleep, and low blood sugar levels in people. Due to the growing incidence of growth hormone deficits, the increasing accessibility of synthetic growth hormones, and considerable R&D efforts, Europe holds the second-biggest market share for growth hormones.

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