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2021
Human Growth Hormone (hgh) Market

Human Growth Hormone (hGH) Market

by Application (Growth Hormone Deficiency, Prader-Willi Syndrome, Turner Syndrome, Small for Gestational Age, and Others), Route of Administration (Intravenous, Intramuscular, Subcutaneous, and Oral), and Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Clinics, and Online Pharmacy): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A05192
Pages: 212
Sep 2021 | 11927 Views
Author(s) : Ajinkya Alhat, Vishal Bhardwaj , Onkar Sumant
Tables: 112
Charts: 45
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COVID-19

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Human Growth Hormone Market Overview 

The global human growth hormone market size was valued at $3,864.00 million in 2020 and is expected to reach $9,211.63 million by 2030, registering a CAGR of 9.0% from 2021 to 2030. The human growth hormone also known as somatotropin is a peptide hormone secreted by the pituitary gland that regulates cell growth, cell regeneration and repair, reproduction, and metabolism that contributes to complete human growth. Growth hormone levels in the human body should be suitable for normal growth and can be controlled by factors such as exercise, sleep, stress, and low glucose levels. Human growth hormones also help regulate body composition, muscle growth & bone growth, body fluids, sugar & fat metabolism, and recovery from injury. It also helps increase muscle strength and performance.

The COVID-19 outbreak is anticipated to impact the global human growth hormone market. As per an article from Frontiers, the patients with decreased growth hormone secretion present a risk factor for COVID-19, which requires attention that will help in the prevention of COVID-19. Along with this, patients who are suffering from Prader-Willi syndrome also need to take enough care to minimize the risk of getting COVID-19. Moreover, Prader-Willi syndrome patients may not show typical symptoms such as a high temperature and they may also experience a higher-than-normal pain threshold which may delay in the diagnosis of COVID-19. Individuals with Turner syndrome are at higher risk for severe illness from the COVID-19 virus.

In humans, a deficiency of growth hormone is caused when the pituitary gland does not include adequate concentration of human growth hormone. This deficiency is treated by injecting human growth hormone with a subcutaneous injection. Various genetic disorders such as Prader-Willi syndrome and Turner syndrome can also cause growth hormone deficiency, resulting in delayed puberty and shorter height than averages.

Human-Growth-Hormone-Market--2021-2030

Turner syndrome, also known as congenital ovarian hypoplasia syndrome, occurs when the X chromosome is partially or completely lost in women. Turner syndrome (TS) is the most common type of human chromosomal aberration that occurs at 1:2,500 live births.

Human growth hormone helps promote regeneration, reproduction, and growth. Increased use of growth hormone and growth hormone awareness, which helps in the management of hormonal imbalance disorders, enhances the market growth.

In addition, many companies are investing in R&D to develop a growth hormone that has fewer side effects and will be a long-term treatment. The growth in the market is due to the increase in diseases related to growth hormone deficiency, rise in use of aging hormones, efforts taken by governments and various private organizations to spread awareness of growth hormone deficiency, and strong productivity. Other factors such as increased awareness of the treatment process, increased number of health disorders, and increased neuropsychiatric cases are projected to improve the growth of the human growth hormone market. The rapid growth of new human growth hormone novels is expected to drive the human growth hormone market growth.

The COVID-19 outbreak is anticipated to impact the global human growth hormone market. As per an article from Frontiers, the patients with decreased growth hormone secretion present a risk factor for COVID-19, which requires attention that will help in the prevention of COVID-19. Along with this, patients who are suffering from Prader-Willi syndrome also need to take enough care to minimize the risk of getting COVID-19. Moreover, Prader-Willi syndrome patients may not show typical symptoms such as a high temperature and they may also experience a higher-than-normal pain threshold which may delay in the diagnosis of COVID-19. Individuals with Turner syndrome are at higher risk for severe illness from the COVID-19 virus. The COVID-19 pandemic has stressed and impacted the healthcare systems of the world. The lockdown situation all over the world, has created obstacles for both the patients and the healthcare providers.

Human Growth Hormone (hGH) Market
By Application

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Turner Syndrome segment held a dominant position in 2020 and would continue to maintain the lead over the forecast period.

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Human Growth Hormone Market Segmentation  

The human growth hormone market is segmented on the basis of application, route of administration, distribution channel, and region. On the basis of application, the market is divided into Growth hormone deficiency, Prader-willi syndrome, Turner syndrome, Small for gestational age (SGA), and Others. On the basis of route of administration, the market is divided into oral, intravenous, intramuscular, and subcutaneous. On the basis of distribution channel, the market is fragmented into hospital pharmacy, retail pharmacy, and online pharmacy.

Segment review 

On the basis of application, the human growth hormone market is divided into growth hormone deficiency, Prader Willi syndrome, Turner syndrome, small for gestational age, idiopathic short stature, and others. The Turner syndrome segment held a major share in the human growth hormone market in 2020 and is expected to continue the trend during the forecast period. This is attributed to the increase in incidence of Turner syndrome across the globe. Further, this syndrome affects 1 female in 2,000 to 2,500 live female births,

Human Growth Hormone (hGH) Market
By Route Of Administration

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Subcutaneous segment holds a dominant position in 2020.

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On the basis of administration, the market is categorized into oral, intravenous, subcutaneous, and intramuscular. The subcutaneous route of administration segment held a major share in the human growth hormone market in 2020 and is expected to continue the trend during the forecast period. This is attributed to the fact that when injected subcutaneously, the hormone is majorly absorbed in the cells, which is beneficial for the patients.

On the basis of distribution channel, the market is segregated into hospital pharmacy, retail pharmacy, clinics, and online pharmacy. The hospital pharmacy segment dominated the global human growth hormone market in 2020 and is anticipated to maintain its dominance throughout the forecast period. This is attributed to the preference and ease of availability of artificial or recombinant human growth hormone in hospital pharmacies.

Human Growth Hormone (hGH) Market
By Distribution Channel

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Hospital Pharmacy segment providers holds a dominant position in 2020.

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Region segment review

Region-wise, North America dominated the market in 2020, owing to the factors like rise in geriatric population, presence of many market giants, and new research to develop innovative recombinant human growth hormone. However, Asia-Pacific is expected to register the highest CAGR in terms of revenue during the forecast period, owing to the increase in population and rise in awareness amongst the population. Along with this, there has been progress in the economic situation of the continent and growth in healthcare infrastructure.

Prominent players in the market report include Novo Nordisk, Merck & Co., Eli Lilly & Company, Pfizer Inc., Teva Pharmaceutical Industries, Novartis AG, Anhui Anke Biotechnology (Group) Co., Ltd., Roche, Ipsen, and Ferring BV.

Human Growth Hormone (hGH) Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

North America was holding a dominant position in 2020 and would continue to maintain the lead over the analysis period.

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Key Benefits For Stakeholders

  • This report provides a detailed quantitative analysis of the current trends and future estimations from 2020 to 2030, which assist to identify the prevailing Human Growth Hormone Market opportunities.
  • An in-depth market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
  • A comprehensive analysis of factors that drive and restrain the growth of the global is provided.
  • Region-wise and country-wise market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030, in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the Global Human Growth Hormone Market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of the market.

Key Market Segments

By Application

  • Growth hormone deficiency
  • Prader-Willi syndrome
  • Turner syndrome
  • Small for gestational age (SGA)
  • Others

By Route of Administration

  • Oral
  • Intravenous
  • Intramuscular
  • Subcutaneous

By Distribution Channel

  • Hospital pharmacy 
  • Retail pharmacy 
  • Online Pharmacy

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Australia
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Human Growth Hormone (hGH) Market Report Highlights

Aspects Details
By Application
  • Growth Hormone Deficiency
  • Prader-Willi Syndrome
  • Turner Syndrome
  • Small for Gestational Age
  • Others
By Route Of Administration
  • Oral
  • Intravenous
  • Intramuscular
  • Subcutaneous
By Distribution Channel
  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, UK, Germany, Spain, Rest of Europe)
  • Asia Pacific  (Japan, China, India, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players Novo Nordisk, Merck & Co., Eli Lilly And Company, Pfizer Inc., TEVA PHARMACEUTICAL INDUSTRIES., Novartis AG, Anhui Anke Biotechnology (Group) Co., Ltd., Roche, Ipsen, Ferring BV
 

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According to the analyst perspective, the human growth hormone market is anticipated to witness a fast growth in the future, owing to rise in awareness among individuals toward usage of artificial human growth hormone. It is increasingly being used to treat growth retardation in children. In addition, artificial hGH is gaining traction among adults to get larger muscles, and improved exercise capacity from replacement therapy. However, the use of human growth hormone also encounters side effects among consumers such as fluid retention, joint & muscle pain, carpal tunnel syndrome (pressure on the nerve in the wrist causing hand pain and numbness), and high blood sugar levels. Thereby, side effects associated with these hormone consumptions is anticipated to hamper the market growth in near future. On the contrary, growth hormones are widely consumed by athletes in the U.S. to build their muscles and enhance performance. Significant increase in growth hormone consumption in the developing nations is expected to create lucrative opportunities for manufacturers of hGH in the near future.

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FREQUENTLY ASKED QUESTIONS?

A. The total market value of Global Human Growth Hormone Market is $3,864.00 million in 2020.

A. The forcast period for Global Human Growth Hormone Market is 2021 to 2030.

A. The market value of Global Human Growth Hormone Market is $9,211.63 million in 2030.

A. The base year is 2020 in Global Human Growth Hormone Market.

A. Novo Nordisk, Merck & Co., Eli Lilly and Company, Pfizer Inc., Teva Pharmaceutical Industries held a high market postion owing to the strong geographical foothold in different regions.

A. Turner Syndrome is the most influencing segment growing in the Global Human Growth Hormone Market report owing to rise in the use of growth hormones to control aging, cases of patients suffering from growth issues and a substantial rise in the awareness and usage of growth hormones in the developing economies.

A. The major factor for the growth of Global Human Growth Hormone Market are substantial increase in use of growth hormones to control aging, and surge in disorders related to growth hormone deficiency

A. North America is projected to account for a major share of the global Human Growth Hormone market during the forecast period. U.S. dominated the North America human growth hormone market owing to increase in incidence of growth hormone disorders including Prader-Willi Syndrome and Turner Syndrome across the country.

A. Human Growth Hormone is a peptide hormone secreted by the pituitary gland that regulates cell growth, cell regeneration & repair, reproduction, and metabolism contributing to the overall development of humans.

A. Human growth hormone are designed to control body composition, muscle & bone growth, body fluids, sugar & fat metabolism, and recovery from injury. It also helps to boost muscle strength & performance.

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