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The biosimilar growth hormones market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8%, as per The Business Research Company’s market report!

Read More On The Biosimilar Growth Hormones Market Report 2022 – https://www.thebusinessresearchcompany.com/report/biosimilar-growth-hormone-global-market-report

The Biosimilar Growth Hormones Market Size In 2022 And Forecast

The global biosimilar growth hormones market is expected to grow from $0.59 billion in 2021 to $0.64 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The biosimilar growth hormones market is expected to reach $0.89 billion in 2026 at a CAGR of 8.4%.

The biosimilar growth hormone market consists of sales of Somatropin or human growth hormone (HGH) and related services by entities (organizations, sole traders and partnerships) that manufacture growth hormones.

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An Increase In The Number Of Children Suffering From Growth Deficiency Is Driving The Growth Of The Biosimilar Growth Hormones Market

Growth hormone deficiency has been identified in about 1 in every 3,800 babies. Additionally, some children acquire it later in their life as a result of a brain tumor, brain operation, radiation therapy, injury, or infection. Thus, an increase in the number of children suffering from growth deficiency drives the growth of the market.

Competitive Landscape And The Regional Analysis Of The Biosimilar Growth Hormones Market

Major players in the biosimilar growth hormonesmarket are Biopartners And LG Chem, Amega Biotech, Eli Lilly and Company, Genetech Inc., Novartis AG, Zhongshan Hygene Biopharm Co. Ltd., Merck, Sanofi S.A., Biosidus and Ferring Pharmaceuticals.

Additionally, as per TBRC’s research – North America was the largest region in the biosimilar growth hormonesmarket in 2021 holding the largest market share and Middle East is expected to be the fastest-growing region in the forecast period.

The Biosimilar Growth Hormones Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the biosimilar growth hormonesmarket report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the biosimilar growth hormonesmarket.

Recombinant DNA Technology – A Key Trend In The Biosimilar Growth Hormones Market

Recombinant DNA technology (rDNA technology) is increasingly being implemented in the biosimilar growth hormone industry. The development of biosimilar growth hormone by using recombinant DNA technology (rDNA technology) is an emerging trend.

Biosimilar Growth Hormones Market Segmentation By The Business Research Company

1) By Route of Administration: Intravenous, Subcutaneous, Intramuscular, Oral

2) By Application: Growth Hormone Deficiency, Turner Syndrome, Idiopathic Short Stature, Prader Willi Syndrome, Others

3) By Distribution Channel: Hospital and Retail Pharmacy, Online Pharmacy/ePharmacy, Specialty Clinics

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