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Home » Hgh » Human Growth Hormone Market Size to Reach $14498.3 Million by 2030, says P&S Intelligence – PR Newswire

NEW YORK, May 10, 2022 /PRNewswire/ -- The global humangrowth hormone marketis set to reach $14,498.3 million by 2030 from $4,399.4 million in 2021, growing at a CAGR of 14.2% from 2021 to 2030, according to the market research report published by P&S Intelligence. This peptide hormone is produced by the pituitary gland, and it promotes development in teenagers and children. In addition to boosting growth, it influences protein metabolism, fat metabolism, and glucose metabolism.

In 2021, North America held a market share of over 40%. The rising elderly population, as well as the high prevalence of illnesses such as Turner syndrome, Noonan syndrome, and short bowel syndrome, are all linked to the market growth. Moreover, factors such as favorable reimbursement policies, public awareness, major government activities, and the region's established healthcare ecosystem are responsible for the growing sale of HGH medications in the continent.

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Key Findings of Human Growth Hormone Market Report

Various strategic innovations for long-lasting and more-effective drugs have been made in the market. For instance, Biocorp, a firm that develops, designs, and manufactures healthcare devices, and Merck, a technology corporation, reached a deal in September 2021 for the development and global distribution of a specialized version of the Mallya device for HGH applications.

Browse detailed report on Human Growth Hormone Market Share, Growth and Demand Forecast to 2030

The human growth hormone market is fairly consolidated, with only a few big participants. These major participants are Novo Nordisk A/S, Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., F. Hoffmann-La Roche AG, Novartis AG, Pfizer Inc., and Merck KGaA.

Human Growth Hormone Market Segmentation Analysis

By Product Type

By Application

By Distribution Channel

Regional Outlook

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P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

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Human Growth Hormone Market Size to Reach $14498.3 Million by 2030, says P&S Intelligence - PR Newswire

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Home » Hgh » Human Growth Hormone Market Size to Reach $14498.3 Million by 2030, says P&S Intelligence – PR Newswire