Human Growth Hormone (hGH) Market Is Witnessing Significant Growth Due To Rising Use Of HGH For Anti-Aging & Performance Enhancing Purposes Till 2025
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 full
research report on Human Growth Hormone (hGH) Market: 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.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the global human growth hormone market
on the basis of application and region:
Application
Outlook (Revenue, USD Million, 2014 - 2025)
- Growth
Hormone Deficiency
- Turner
Syndrome
- Idiopathic
Short Stature
- Prader-Willi
Syndrome
- Small
for Gestational Age
- Others
Regional
Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- South
Africa
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-human-growth-hormone-hgh-market
About Grand
View Research:
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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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