Global Human Growth Hormone (hGH) Market: Industry Analysis & Outlook (2019-2023)

Global Human Growth Hormone (hGH) Market: Industry Analysis & Outlook (2019-2023)

  • March 2019 •
  • 99 pages •
  • Report ID: 4661563 •
  • Format: PDF
Human Growth Hormone (hGH) is a peptide hormone produced by the pituitary gland that stimulates growth in children and adults.

It plays an important role in the functioning of the human body by regulating body fluids, muscle and bone growth and fat metabolism of the body. The deficiency of growth hormone in the body is known as growth hormone deficiency which is administered by intramuscular or subcutaneous GH injections on a daily basis. Various therapeutics products are currently in the final phase of development and are expected to be launched in the coming years.

The market is expected to experience robust growth due to the increasing prevalence of GH and long-acting growth hormone formulations in development. Rising aging population accompanied by high growth of serious chronic diseases would keep the demand for hGH drugs high and would act as the growth catalyst for the global market.

The global long-acting growth hormone market is estimated to increase at a commendable rate in future, which is mainly due to increase in research and development activities and increasing occurrence of pituitary dysfunction. TransCon is expected to dominate the market due to ease of use and high efficacy. The market will see a shift in the use of long-acting hormone drugs from daily basis products, positively impacting the market.

Geographically, the U.S. dominated the market owing to its advance healthcare infrastructure. Majority of the players are based in the U.S., thus leading to the highest revenue from this region. The U.S. human growth hormone market is anticipated to grow at a steady rate owing to high research and development efforts.

The report “Global Human Growth Hormone (hGH) Market: Industry Analysis & Outlook (2019-2023)” analyzes the development of this market along with the market opportunities. The four major players: Novartis Ag, Pfizer Inc., Eli Lilly and Company, and Novo Nordisk A/S have been profiled along with their key financials and strategies for growth. The report contains a comprehensive analysis of the global market along with the study of the regional markets.
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