The global human growth hormone market
is witnessing growth due to the presence of large pool of patients and
technological advancements. The increasing compliance for human growth hormone
drugs and massive unexplored market in the emerging economies, such as India
and China are creating opportunities for the growth of the global human growth
hormone market. The advanced research and development facilities, and new drug
developments by the key players are propelling the demand for improved and cost
effective human growth hormones; further fuelling the growth of the global
growth hormone market.
Some of the factors driving
the growth of the global human growth hormone market are increasing demand for
human growth hormone drugs, increasing incidences of human growth hormone
deficiency diseases, growing geriatric population, and technological
advancements, such as recombinant DNA technology for the development of human
growth hormone drugs. In addition, several major players are investing heavily
and collaborating among each other for the research and development of human
growth hormone drugs, which is fueling the growth of the global human growth
hormone market. However, stringent regulatory approvals, high cost of
treatment, and adverse effects associated with the usage of synthetic human
growth hormones are some of the factors restraining the growth of the global
human growth hormone market to some extent.
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Geographically, North America leads the global
human growth hormone market, due to increasing proportion of aged population,
high incidences of turner syndrome, short bowel syndrome, human growth hormone
deficiency and Noonan syndrome. Moreover, the high demand of human growth
hormone drugs as performance enhancer and anti-aging drug in North America is
driving the growth of the human growth hormone market in the region.
Asia-Pacific is the fastest growing region in the global human growth hormone
market, which is driven by increasing healthcare expenditures and high
incidences of growth hormone deficiency disorders. Moreover, the human growth
hormone market is growing due to increasing disposable income and large
geriatric population in the emerging countries, such as India and China.
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Some of the major players
operating in the global human growth hormone market are Pfizer Inc., F.
Hoffmann-La Roche AG, Novo Nordisk A/S, Merck KGaA, Eli Lilly and Company,
Novartis AG, and Teva Pharmaceutical Industries Ltd.
