Market Size of Global Human Growth Hormone (HGH) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.61 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Human Growth Hormone Market Analysis
The human growth hormone market registered a market size of USD 4,632.54 million in 2020, and it is expected to reach USD 7,567.74 million by 2026, registering a CAGR of 8.61% during the forecast period, 2021-2026.
According to a research article by Mohamed Hamdy Elkarow et al., published in the Frontiers in Endocrinology Journal November 2020, patients with decreased growth hormone secretion constitute a risk factor for COVID-19 severity, which requires attention toward preventive measures in susceptible individuals.
In addition, patients with Prader-Willi syndrome should take extra precautions to minimize the risk of getting COVID-19. Moreover, Prader-Willi syndrome patients may not show typical symptoms such as a high temperature, and they may also experience a higher-than-normal pain threshold, which may delay the diagnosis of COVID-19.
The major factors driving the market growth include the development of recombinant human growth hormone drugs, rise in pituitary dysfunction cases, and rising off-label use of human growth hormones.
In humans, the growth hormone deficiency is caused when the pituitary gland does not synthesize enough concentration of human growth hormones. This deficiency is treated by administering recombinant human growth hormones by subcutaneous injection. Various genetic disorders such as Prader-Willi syndrome and Turner syndrome may also cause growth hormone deficiency, leading to delayed puberty and shorter-than-average height.
Turner syndrome, also known as congenital ovarian hypoplasia syndrome, occurs when the X chromosome is partially or completely missing in females. According to a research article by Xiaoxiao Cui et al., published in the Intractable & Rare Diseases Research Journal 2018, globally, Turner syndrome (TS) is a relatively common type of human chromosomal aberration that occurs in 1:2,500 live female births.
The human growth hormone helps to stimulate regeneration, reproduction, and growth. Rising use of growth hormones and awareness about growth hormones, which helps in the management of growth hormone deficiency disorders, are boosting the market growth.
Furthermore, most companies are investing in R&D to develop a growth hormone that has fewer side effects and will be a long-acting hormonal therapy. In addition, the rapid development of new novel recombinant human growth hormones is expected to drive the human growth hormone market over the forecast period.
