Global Human Growth Hormone Market Report and Forecast 2024-2032

Global Human Growth Hormone Market Outlook

The global human growth hormone market size was valued at USD 5.64 billion in 2023, driven by the rising deficiency of growth hormones and associated conditions across the globe. The market is anticipated to grow at a CAGR of 8.5% during the forecast period of 2024-2032 to achieve a value of USD 11.75 billion by 2032.

Human Growth Hormone: Introduction

Human growth hormone (HGH) is a hormone which is secreted naturally by pituitary gland in the brain. It is also called as somatotrophin. It is responsible for regulating and stimulating growth in kids, and help in regulating multiple psychological processes in adults as well. Human growth hormone is responsible for the overall health of an individual be that a kid or an adult. It takes care of the muscle growth, bone growth, performance of metabolism, along with repairing of cells and tissues in body. Synthetic versions of human growth hormones, also known as recombinant human growth hormone (rhGH), are used for medical purposes. These synthetic versions of human growth hormone are widely prescribed to treat conditions such as growth hormone deficiency, Turner syndrome, Prader-Willi syndrome, and chronic kidney disease.

Additionally, it is sometimes used off-label for conditions like muscle wasting associated with HIV/AIDS or for anti-aging purposes. It is also used illicitly in the sports community for performance enhancement. However, the use of human growth hormone is prohibited for such purposes in sports business it is considered as doping by the authorities.

Global Human Growth Hormone Market Analysis

The reason for a child's rapid growth in their childhood and adolescence is the high production of this hormone during that time. However, with time the secretion of this hormone starts to reduce, resulting in decline of all the health factors that are associated with it such as cell and tissue repairing, metabolism, bone density and muscle mass. The decline in the secretion is considered to be associated with the aging process and factors associated with aging.

There are several trends leading the human growth hormone market growth, including the increased demand of human growth hormone therapy. The market is recording evident growth as the demand for human growth hormone therapies has been booming due the rising desire to enhance the performance and slow down aging, and other issue related to age.

Additionally, the ongoing research on development of alternate delivery methods in order to increase the patient convenience and compliance is also anticipated to aid the human growth hormone market development.

Some other key trends in the market include the proper surveillance for the appropriate uses and regulation of human growth hormones in the market, increasing emphasis on the personalized medicine and treatments, increasing focus on the potential of human growth hormone in fields other than deficiency recovery and growth factors such as sports medicine, anti-ageing and some other.

Human Growth Hormone Market Segmentations

Market Breakup by Application

• Growth Hormone Deficiency 

• Turner Syndrome 

• Idiopathic Short Stature 

• Prader-Willi Syndrome 

• Other Applications

Market Breakup by Distribution Channel

• Hospitals and Retail Pharmacies 

• Online Pharmacies 

• Other Distribution Channels

Market Breakup by Region

• North America 

• Europe 

• Asia Pacific 

• Latin America 

• Middle East and Africa

Human Growth Hormone Market Overview

The market for human growth hormone has been witnessing evident growth in the past and is expected to see the growth in coming years as well. There factors driving the market growth are rising deficiency of growth hormones and associated conditions. This increase in deficiency is also aiding the global human growth hormone market expansion. Due to the technological advancement in the field, the availability has increased and has become more affordable. With the advanced development in recombinant DNA technology, the manufacturing of synthetic hormone has been introduced and put to practical use as well.

Additionally, the increasing awareness and knowledge on the merits of human growth hormone on physical performance, body composition and overall well-being are also likely to aid the market growth.

Human Growth Hormone Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• AnkeBio Co. Ltd  

• Eli Lilly and Company  

• Ferring BV  

• Novo Nordisk AS  

• Ipsen SA  

• Pfizer Inc.  

• Genentech Inc. (Roche)  

• Teva Pharmaceutical Industries Ltd.  

• Ferring BV 

• Anhui Anke Biotechnology (Group) Co.

Key Highlights of the Report