Global Human Growth Hormone Market is expected to grow at a CAGR of 8.9% over the Forecast Period The Manomet Current – The Manomet Current

The growing awareness regarding the efficacies of human growth hormone therapies to treat a variety of disorders is creating high demand in the human growth hormone market. These medications are being used for the treatment of growth failure disorders (noonan syndrome, turner syndrome and idiopathic short stature), growth hormone deficiency, intestinal disorder (short bowel syndrome) and HIV-related weight loss or wasting. Public health regulatory agencies around the world have recognized the capabilities of growth hormone drugs and are granting approvals for use in various cases. For instance, in July 2018, the U.S. Food and Drug Administration (FDA) agency approved ZOMACTON, a growth hormone drug of Ferring Pharmaceuticals, for five additional pediatric indications such as idiopathic short stature, short stature associated with turner syndrome, growth failure in short stature homeobox-containing gene (SHOX) deficiency and short stature born small for gestational age (SGA). The agency also approved this drug for replacement of endogenous growth hormones in adults. Government agencies have also initiated campaigns to create awareness regarding early detection of growth disorders in children and to adopt growth hormone treatment. Thus, the growing awareness regarding multiple applications of growth hormone therapies is driving the demand in global human growth hormone market.

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Amidst the recent outbreak of COVID-19 pandemic, medical professionals and scientists are conducting research to develop growth hormone therapy for treatment of active COVID-19 patients and speed-up their recovery. These on-going research and development activities are anticipated to fuel the growth of global human growth hormone market.

In terms of revenue, global human growth hormone market was valued at US$ 4109.23 million in 2019 and is expected to reach US$ 5819.32 million by 2028, growing at an estimated growth rate of 8.9% over the forecast period. The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.

The detailed research study provides qualitative and quantitative analysis of human growth hormone market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

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Key Findings of the Report:

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Global Human Growth Hormone Market:

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Global Human Growth Hormone Market is expected to grow at a CAGR of 8.9% over the Forecast Period The Manomet Current - The Manomet Current