The 7 major growth hormone deficiency markets reached a value of US$ 2.6 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 4.2 Billion by 2034, exhibiting a growth rate (CAGR) of 4.61% during 2024-2034.
Report Attribute
|
Key Statistics
|
---|---|
Base Year |
2023
|
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
|
Market Size in 2023
|
US$ 2.6 Billion |
Market Forecast in 2034
|
US$ 4.2 Billion |
Market Growth Rate (2024-2034)
|
4.61% |
The growth hormone deficiency market has been comprehensively analyzed in IMARC's new report titled "Growth Hormone Deficiency Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Growth hormone deficiency refers to a medical condition that develops when the pituitary gland in the brain fails to produce sufficient growth hormone to support normal growth and development. This hormone is essential for stimulating bone and tissue growth, increasing muscle mass, and regulating metabolism. In children, the condition can lead to delayed growth and short stature, as well as other physical and developmental problems. While in adults, deficiency of growth hormone can cause increased body fat, reduced muscle mass and bone density, compromised metabolism, etc. Individuals suffering from this disorder may also experience low self-esteem, depression, sensitivity to hot or cold temperatures, lack of concentration, poor memory, etc. The diagnosis of growth hormone deficiency typically requires an evaluation of the patient’s symptoms, medical history, and laboratory tests. The healthcare professional can also suggest a blood workup to measure protein levels in patients. Additionally, numerous imaging studies, like X-rays and MRI, are recommended to provide a detailed examination of the brain.
The increasing incidences of brain tumors that can affect the pituitary gland or the hypothalamus region, reducing their ability to produce or release growth hormone, are primarily driving the growth hormone deficiency market. In addition to this, the rising prevalence of various associated risk factors, such as infections, severe head injuries, radiation treatments, etc., is also bolstering the market growth. Furthermore, the widespread adoption of recombinant human growth hormone injections for treating the disease is acting as another significant growth-inducing factor. These hormone injections help to maintain normal body metabolism and structure in patients, improving emotional control and well-being. Additionally, numerous key players are making substantial investments in research initiatives to launch a needle-free drug delivery system, which can reduce administration discomfort in patients. This, in turn, is also creating a positive outlook for the market. Moreover, the emerging popularity of advanced formulations delivered via the subcutaneous route, owing to its numerous advantages, such as long-lasting action in the body and enabling weekly injections instead of daily doses, is expected to drive the growth hormone deficiency market in the coming years.
IMARC Group's new report provides an exhaustive analysis of the growth hormone deficiency market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for growth hormone deficiency and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the growth hormone deficiency market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current growth hormone deficiency marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
---|---|
Humatrope (Somatropin) | Eli Lilly and Company |
Macrilen (Macimorelin) | AEterna Zentaris |
NutropinAq (Somatropin) | Genentech |
Zomacton (Somatropin) | Ferring Pharmaceuticals |
Sogroya (Somapacitan) | Novo Nordisk |
LUM 201 | Lumos Pharma/Merck |
GX H9 | Genexine/Handok |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Growth Hormone Deficiency: Current Treatment Scenario, Marketed Drugs and Emerging Therapies