Human growth hormone, also known as somatotropin or growth hormone, helps in the growth of all the essential tissues of the body including bones. It is one of the most essential hormones required by a human body. Human growth hormone is produced and secreted by somatotrophs, anterior pituitary cells that secrete almost 1-2 milligrams of hormones every day.
Synthetic human growth hormone was developed in the 1980s and was approved by FDA for use in children and adults. As per a study conducted by the Partnership Attitude Tracking Study (PATS), the usage of synthetic human growth hormone by teenagers has witnessed an increase of 120% from 2012 to 2013.
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Human Growth Hormone (HGH) Market: Segmentation
The global Human Growth Hormone (HGH) market can be segmented on the basis of application type, end users, and geography.
Based on application type, the global Human Growth Hormone (HGH) market is segmented as:
- Growth hormone deficiency
- Idiopathic short stature
- Turner syndrome
- Small for gestational age
- Prader-Willi syndrome
- Others
Based on end users, the global Human Growth Hormone (HGH) market is segmented as:
- Hospitals
- Clinics
Based on geography, the global Human Growth Hormone (HGH) market is segmented as:
- North America
- Latin America
- Europe
- CIS & Russia
- Japan
- APEJ
- Middle East & Africa
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Human Growth Hormone (HGH) Market: Key Players
Some of the major market participants operating in the global Human Growth Hormone (HGH) market are
- Novo Nordisk
- Eli
- Lilly and company
- Merck & Co. Inc.
- Pfizer Inc.
- Genentech Inc.
- Ferring Holding SA
- Sandoz International GmbH
- Ipsen
Pfizer signed an agreement with OPKO for the developing and commercializing the hGH-CTP human growth hormone for the treatment of adults and children. Novo Nordisk, in January 2015, received U.S. FDA approval for an injection pen, Norditropin FlexPro, for patients suffering from growth hormone disorders. The companies are competing for the production of long-acting drugs with lower adverse effects.
Human Growth Hormone (HGH) Market: Regional Outlook
North America’s human growth hormone market is anticipated to grow the fastest over the forecast period owing to the presence of local players in the market, easy availability, and better affordability for human growth hormone drugs and hormonal therapy.
Commercialization of human growth hormone drugs by the US. FDA over the years is also one of the vital factors boosting the human growth hormone market. The Asia-Pacific human growth hormone market is also expected to grow significantly over the forecast period because of improved healthcare expenditure, large patient pool, and increasing investments by market players. Increasing awareness about the treatment of short stature by human growth hormone is also propelling the human growth hormone market.
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