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Discover trends, market shifts, and competitive outlooks for the biosimilar growth hormones industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#What is the Projected CAGR for the Biosimilar Growth Hormones Market Size from 2025 to 2034?#_x000D_
The market for biosimilar growth hormones has seen a substantial increase in size over the recent years. Its value is expected to increase from $0.76 billion in 2024 to $0.82 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.4%. Factors such as the growing demand for growth hormones, the expiration of patents, supportive clinical evidence, and the rise in clinical trials have contributed to the market’s growth in the historical period._x000D_
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Expectations are high for robust expansion in the biosimilar growth hormones market in the forthcoming years. The market is forecasted to escalate to $1.19 billion by 2029, with a compound annual growth rate (CAGR) of 9.8%. This anticipated growth during the forecast period is attributed to factors such as pediatric growth disorders, broadening indications, enhanced diagnosis and heightened knowledge about biosimilar options. Significant trends for the forecast period encompass pediatric-centric biosimilars, biosimilar combinations, improved dosing convenience among others._x000D_
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#What Are the Core Market Drivers Propelling Growth in the Biosimilar Growth Hormones Industry?#_x000D_
The upward trend in the global biosimilar growth hormone market is attributed to the rising incidence of growth hormone deficiency among children. This deficiency is triggered by damage to the pituitary gland or hypothalamus and can either be congenital, meaning present before the child’s birth, or acquired, occurring during or after birth. For example, Hormones Australia under the Endocrine Society of Australia (ESA), a leading national body dealing with endocrine-associated diseases and conditions, predicted in September 2023 that growth hormone deficiency affects 2 to 3 in every 10,000 individuals. Hence, the escalating number of children affected by growth deficiencies propels the expansion of the biosimilar growth hormones sector._x000D_
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#How Is the Biosimilar Growth Hormones Market Segmented?#_x000D_
The biosimilar growth hormones market covered in this report is segmented –_x000D_
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1) By Route Of Administration: Intravenous, Subcutaneous, Intramuscular, Oral_x000D_
2) By Application: Growth Hormone Deficiency, Turner Syndrome, Idiopathic Short Stature, Prader Willi Syndrome, Other Applications_x000D_
3) By Distribution Channel: Hospital And Retail Pharmacy, Online Pharmacy/ePharmacy, Specialty Clinics_x000D_
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Subsegments:_x000D_
1) By Intravenous: Hospital-based Administration, Outpatient Clinics_x000D_
2) By Subcutaneous: Self-administration, Professional Administration_x000D_
3) By Intramuscular: Pediatric Care, Adult Care_x000D_
4) By Oral: Tablets, Capsules_x000D_
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#Which Regions Are Driving the Next Phase of the Biosimilar Growth Hormones Market Growth?#_x000D_
The countries covered in the biosimilar growth hormones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada._x000D_
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#What Key Trends Are Shaping the Future of the Biosimilar Growth Hormones Market?#_x000D_
Key players in the biosimilar growth hormones market, such as Pfizer Inc. and OPKO Health Inc., are actively developing innovative solutions like human growth hormone to improve the effectiveness and affordability of treatment for growth hormone deficiencies. The term “growth hormone solutions” refers to medical treatments or supplements that are created to stimulate or substitute human growth hormone (HGH) in the body. This is either for remedying growth deficiencies or for anti-aging benefits. For example, in June 2023, both Pfizer, a pharmaceutical company based in the US, and OPKO Health, a US healthcare company, received approval from the US Food and Drug Administration (FDA) for NGENLA (somatrogon-ghla). This is a once-weekly injectable human growth hormone treatment formulated for young patients suffering from growth hormone deficiency (GHD). Offering an alternative to daily injections, this long-lasting growth hormone therapy enhances adherence and convenience for both patients and caregivers. Its approval was founded on clinical studies illustrating its safety and effectiveness, thus signifying a significant progression in growth hormone therapies._x000D_
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#How Is the Biosimilar Growth Hormones Market Defined and What Are Its Core Parameters?#_x000D_
Biosimilar growth hormone refers to a peptide hormone that promotes cellular regeneration, cell division, and growth in both humans and other animals. Thus, it is crucial to the advancement of humanity. It is a form of mitogen that only affects particular types of cells._x000D_
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