The
global Human
Growth Hormone (Hgh) Market is expected to reach USD 7.1 billion by
2025, according to a new report by Grand View Research, Inc. Rising cases of
pituitary dysfunction and increasing use of human growth hormone are likely to
drive the market in coming years.
Turner
syndrome, growth hormone deficiency, Prader-Willi syndrome, idiopathic short
stature, and small for gestational age (SGA) are major disorders in which
growth hormone (GH) are used. Additionally, growth hormone also received an
approval for other indications such as Creutzfeldt-Jakob disease, chronic
kidney disease, SHOX gene haploinsufficiency, and Noonan syndrome.
Although
FDA has not approved the use of hGH as anti-aging therapy, many practitioners
offer injections of growth hormones at higher prices. The hGH therapy is
aggressively promoted for advanced age symptoms.
hGH
is anabolic as it accelerates protein synthesis and breaks down fat. Hence,
athletes involved in strength demanding activities and sports are likely to use
growth hormones for its anabolic effects. It is a fairly common practice among
athletes and body-builders to use combination of anabolic steroids and GH for
the benefits.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/human-growth-hormone-drugs-market
https://www.grandviewresearch.com/industry-analysis/human-growth-hormone-drugs-market
Further Key Findings From the Report Suggest:
- Increasing
demand for hGH due to rising growth hormone deficiency diseases and
technological advancement such as recombinant DNA technology are expected
to propel the market growth.
- The growth
hormone deficiency segment accounted for the highest share of the market
in 2016 and is estimated to observe the fastest growth of the market. This
can be attributed to increasing incidence of pituitary dysfunctioning and
investment by major players for the research and development of human
growth hormone drugs.
- Turner
syndrome also accounted for the significant share in the GH market. Large
number of patients and effectivity of growth hormone to treat Turner’s
syndrome are the key reasons for the significant share in the market.
- Geographically,
North America was the largest market for GH in 2016 and is anticipated to
maintain its dominance during the forecast period due to the local
presence of market players, the presence of strong pipeline, and
affordability of hormonal therapy.
- Asia Pacific
is estimated to witness the fastest growth during the forecast period
owing to increasing healthcare expenditure, investment by market players,
and large patient pool. Furthermore, increasing awareness about the
therapy for short stature is likely to boost the demand for GH.
- Some of the
key players are Pfizer, Inc.; Merck & Co., Inc.; Eli Lilly and
Company, Genentech, Inc., Novo Nordisk, Sandoz International GmbH, Ferring
Holding SA, and Ipsen.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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