Global Human Growth Hormone Market Size, Trends, and Growth Opportunity, By Application (Growth Hormone (GH) Deficiency, Turner Syndrome, Idiopathic Short Stature, Prader-Willi Syndrome, Small for Gestational Age, Other), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Specialty Pharmacy), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and Forecast till 2030.
Report ID : IR1001981 | Industries : Healthcare | Published On :June 2024 | Page Count : 202
Global Human Growth Hormone Market Size, Trends, and Growth Opportunity, By Application (Growth Hormone (GH) Deficiency, Turner Syndrome, Idiopathic Short Stature, Prader-Willi Syndrome, Small for Gestational Age, Other), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Specialty Pharmacy), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and Forecast till 2030.
Global Human Growth Hormone Market
The Global Human Growth Hormone Market was valued at USD 4.1 billion in 2022 and is expected to expand to USD 9.6 billion in 2030 at a CAGR of 9.93% during the forecast period 2023-2030.
Human growth hormone, also called somatotropin, is a peptide hormone that stimulates growth, cell division, and cell regeneration in humans, therefore being essential for human development. Growth hormone (GH) deficiency occurs when the pituitary gland does not produce enough hGH. This deficiency is treated with subcutaneous injections of recombinant human growth hormone. These can also be caused by genetic diseases such as Prader-Willi syndrome and Turner syndrome, resulting in delayed puberty and shorter-than-average height.
Market Drivers
The increasing R& D activities, a robust product pipeline, and initiatives are taken by various government and private organizations to spread awareness about GH deficiencies act as major factors for the growing market during the forecast period.
The rising development of novel growth hormone therapies propelling the growth of the market.
Market Restraints
The high cost associated with hGH therapies hinders the growth of the human growth hormone market. Additionally, the various adverse and side effects associated with hGH therapies restrain the market growth.
COVID-19 Impact on Human Growth Hormone Market
The outbreak of covid-19 negatively impacted the market as restrictions and lockdowns were imposed by the government to protect public health, and the supply chain and production were disrupted along with travel restrictions. As People were focused on essential things which decreases the demand for human growth hormones during a pandemic.
Impact of Russia Ukraine War on the Market
The conflict between Russia and Ukraine can have both direct and indirect impacts on the human growth hormone market:
Disruptions in the supply chain: Many human growth hormone manufacturers source components from Russia and Ukraine. The war may cause supply chain disruptions and delays, affecting human growth hormone production and delivery.
Economic sanctions: Economic sanctions imposed on Russia may have an impact on the overall economy, as well as the demand for human growth hormone in the region.
Market Segmentation
The Global Human Growth Hormone Market is segmented on the basis of Application, Distribution Channel, and Region. On the basis of Application, it is segmented into Growth Hormone (GH) Deficiency, Turner Syndrome, Idiopathic Short Stature, Prader-Willi Syndrome, Small for Gestational Age, Other. Growth Hormone (GH) Deficiency is sub-segmented as Adult GH Deficiency, and Pediatric GH Deficiency. Based on Distribution Channel, it is segmented into Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, and Specialty Pharmacy. On the basis of Region, it is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Analysis
North America is likely to dominate the market over the forecast period owing to the growing healthcare infrastructure, significant government support, and rising healthcare awareness regarding hGH therapies among people in this region.
Asia Pacific is also anticipated to witness substantial growth during the forecast period 2023-2030.
Key Players
Various key players are listed in this report such as Novo Nordisk A/S, Pfizer Inc, Eli Lilly and Company, Sandoz International GmbH (Novartis AG), Merck KGaA, Genentech Inc (Roche), Ferring Pharmaceuticals, Teva Pharmaceutical Industries Ltd, Ipsen.
Market Taxonomy
By Application
• Growth Hormone (GH) Deficiency
• Adult GH Deficiency
• Pediatric GH Deficiency
• Turner Syndrome
• Idiopathic Short Stature
• Prader-Willi Syndrome
• Small for Gestational Age
• Other
By Distribution Channel
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
• Specialty Pharmacy
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Human Growth Hormone Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Human Growth Hormone Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Human Growth Hormone Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Human Growth Hormone Market, By Distribution Channel
5.1 Y-o-Y Growth Comparison, By Distribution Channel
5.3 Global Human Growth Hormone Market Share Analysis, By Distribution Channel
5.3 Global Human Growth Hormone Market Size and Forecast, By Distribution Channel
5.3.1 Hospital Pharmacy
5.3.2 Retail Pharmacy
5.3.3 Online Pharmacy
5.3.4 Specialty Pharmacy
6 Global Human Growth Hormone Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Human Growth Hormone Market Share Analysis, By Application
6.3 Global Human Growth Hormone Market Share Analysis, By Application
6.3.1 Growth Hormone (GH) Deficiency
6.3.1.1 Adult GH Deficiency
6.3.1.2 Pediatric GH Deficiency
6.3.2 Turner Syndrome
6.3.3 Idiopathic Short Stature
6.3.4 Prader-Willi Syndrome
6.3.5 Small for Gestational Age
6.3.6 Other
7 Global Human Growth Hormone Market, By Region
7.1 Global Human Growth Hormone Market Share Analysis, By Region
7.2 Global Human Growth Hormone Market Share Analysis, By Region
8 North America Human Growth Hormone Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Human Growth Hormone Market Share Analysis, By Distribution Channel
8.3 North America Human Growth Hormone Size and Forecast, By Application
8.4 North America Human Growth Hormone Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9 Europe Human Growth Hormone Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Human Growth Hormone Market Share Analysis, By Distribution Channel
9.3 Europe Human Growth Hormone Market Size and Forecast, By Application
9.4 Europe Human Growth Hormone Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Human Growth Hormone Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia-Pacific Human Growth Hormone Market Size and Forecast, By Distribution Channel
10.3 Asia-Pacific Human Growth Hormone Market Size and Forecast, By Application
10.4 Asia-Pacific Human Growth Hormone Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Human Growth Hormone Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Human Growth Hormone Market Size and Forecast, By Distribution Channel
11.3 Latin America Human Growth Hormone Market Size and Forecast, By Application
11.4 Latin America Human Growth Hormone Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2. Rest of Latin America
12 Middle East Human Growth Hormone Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Human Growth Hormone Market Share Analysis, By Distribution Channel
12.3 Middle East Human Growth Hormone Market Size and Forecast, By Application
12.4 Middle East Human Growth Hormone Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1. Novo Nordisk A/S
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Pfizer Inc
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Eli Lilly and Company
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4. Sandoz International GmbH (Novartis AG)
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5. Merck KGaA
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6. Genentech Inc (Roche)
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7. Ferring Pharmaceuticals
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8. Teva Pharmaceutical Industries Ltd
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9. Ipsen
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies