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What Factors Are Driving the Anticipated Growth Rate of the Human Growth Hormone Market Through 2034?

The market size of human growth hormone has seen a swift expansion in the last few years. The sector is projected to escalate from $4.75 billion in 2024 to $5.23 billion in 2025, registering a compound annual growth rate (CAGR) of 10.1%. The noteworthy growth during the historical period emanates from a surge in growth disorders, amplified knowledge about hormone treatments, broader usage in sports medicine, a rising older population, and enhancements in healthcare systems.

It is anticipated that the human growth hormone industry will experience a robust rise in the coming years, with an expected value of $7.6 billion by 2029 and a compound annual growth rate (CAGR) of 9.8%. This projected surge over the forecast period is linked to the rise of personalized medicine, increased global healthcare spending, a boost in the application of recombinant DNA technology, a growing need for hormone replacement treatments, and an increasing prevalence of endocrine disorders. Key trend shifts in the forecast period range from expanding distribution networks in untapped markets and incorporating artificial intelligence in drug creation, to focusing on eco-friendly manufacturing procedures, the introduction of long-lasting formulations, and the application of combined therapies for improved effectiveness.

How Are the key drivers expanding the growth of the Human Growth Hormone Market?

The growth of the human growth hormone market is anticipated to be fueled by the increasing understanding of treatment procedures. These are medical interventions used to alleviate, manage, or cure health issues or diseases. The expanding knowledge of these procedures is spurred by advancements in medical technology, greater access to information via digital media, and an escalating public curiosity in health and wellness. Treatments involving human growth hormone (HGH) have attracted substantial media coverage and public intrigue, emphasizing the advantages and potential uses of contemporary medical interventions, and subsequently enhancing awareness of treatment procedures. Pertinently, the 2022 National Survey on Drug Use and Health (NSDUH) report revealed in November 2023 that, among adolescents aged between 12 to 17, in 2021, 40.6% out of 5.0 million who dealt with a significant depressive episode (MDE) in the past year received treatment for depression; this figure increased to 56.8% out of 4.8 million in 2022. Hence, the growing knowledge of treatment procedures promotes the expansion of the human growth hormone market.

The escalation in healthcare expenditures is predicted to boost the human growth hormone market’s expansion. Healthcare expenses constitute the cumulative spending on health services, products, and measures designed to improve and preserve health. The use of HGH therapy provides a novel solution to lessening such expenses by handling fundamental health problems that contribute to long-term expenditures, improving recovery and quality of life, and potentially preventing the emergence of costly chronic conditions. Significantly, a report released in May 2023 by the Office for National Statistics revealed that the growth of healthcare spending in the UK surged by 5.6% between 2022 and 2023, compared to a 0.9% growth in 2022. The healthcare expenditure reached approximately $317.63 billion (£292 billion) in 2023 in the UK. Consequently, the upsurge in healthcare expenditure bolsters the human growth hormone market.

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Who Are the Major Industry Leaders Accelerating Growth in the Human Growth Hormone Market?

Major companies operating in the human growth hormone market are:

• Pfizer Inc._x000D_

• Roche Holding AG_x000D_

• Novartis AG_x000D_

• Thermo Fisher Scientific Inc._x000D_

• Eli Lilly and Company_x000D_

Which Current Trends Are Having the Most Impact on the Human Growth Hormone Market?

Dominant players in the human growth hormone market like Pfizer Inc., and OPKO Health Inc. are intensifying their focus on the development and approval of drugs to progress their medical offerings and provide more effective treatments. The process of drug development is an intricate and stringent one, requiring several stages to validate the safety, efficacy, and quality of a new drug before it enters the market. For example, in June 2023, these two US-based biopharmaceutical firms announced that the Food and Drug Administration (FDA) had approved NGENLA (somatrogon-ghla). This treatment, which allows children with growth hormone deficiency to decrease the frequency of injections from daily to weekly, also promotes easier dosage administration and enhances patient compliance compared to daily injections. A Phase 3 study testified to NGENLA’s non-inferiority to once-daily somatropin, and it was found to have a similar safety profile to somatropin, supporting the FDA approval.

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What Are the Core Segments of the Human Growth Hormone Market, and How Do They Contribute to Growth?

The human growth hormone market covered in this report is segmented –

1) By Product: Liquid, Powder

2) By Brand: Norditropin, Genotropin, Humatrope, Saizen, Omnitrope, Skytrofa, Others Brands

3) By Route Of Administration: Oral, Intravenous, Intramuscular, Subcutaneous

4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacy, Specialty Pharmacy

5) By Application: Growth Hormone (GH) Deficiency, Adult Growth Hormone (GH) Deficiency, Pediatric Growth Hormone (GH) Deficiency, Turner Syndrome, Idiopathic Short Stature, Prader-Willi Syndrome, Small For Gestational Age, Other Applications

Subsegments:

1) By Liquid: Pre-Filled Liquid Syringes, Vials Of Liquid Growth Hormone

2) By Powder: Reconstitutable Powder, Freeze-Dried Powder

Which Regions Are Key Players in the Growth of the Human Growth Hormone Market?

North America was the largest region in the human growth hormone market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the human growth hormone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

How Is the Scope and Reach of the Human Growth Hormone Market Defined?

Human growth hormone (HGH) is a peptide hormone naturally produced by the pituitary gland that is crucial for stimulating growth, cell reproduction, and tissue regeneration throughout the human body. It is used in medical treatments for growth hormone deficiency, fostering muscle development, and addressing age-related concerns such as muscle wasting and bone density decline.

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