Pharmaceuticals

Global Biosimilar Growth Hormones Market Overview And Prospects

November 29, 2021 by The Business Research Company

Learn about the global biosimilar growth hormones market through The Business Research Company, which provides information on biosimilar growth hormones market size, biosimilar growth hormones market drivers and restraints, biosimilar growth hormones market players, the COVID-19 impact on the biosimilar growth hormones market, and more.

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The global biosimilar growth hormones market is expected to grow from $0.52 billion in 2020 to $0.56 billion in 2021 at a compound annual growth rate (CAGR) of 7.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The biosimilar growth hormone market is expected to reach $0.78 billion in 2025 at a CAGR of 9%.

The growing number of children suffering from growth hormone deficiency is expected to drive innovation in biosimilar growth hormones, thus driving the market during the forecast period.

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The biosimilar growth hormone market consists of sales of Somatropin or human growth hormone (HGH) and related services by entities (organizations, sole traders and partnerships) that manufacture growth hormones. Biosimilar growth hormones are used to stimulate growth, cell reproduction and cell regeneration in humans and other animals.

Global biosimilar growth hormones market segments include:

By Route Of Administration: Intravenous, Subcutaneous, Intramuscular, Oral

By Application: Growth Hormone Deficiency, Turner Syndrome, Idiopathic Short Stature, Prader Willi Syndrome, Others

By Distribution Channel: Hospital And Retail Pharmacy, Online Pharmacy/ePharmacy, Speciality Clinics

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Recombinant DNA technology (rDNA technology) is increasingly being implemented in the biosimilar growth hormone industry. The development of biosimilar growth hormone by using recombinant DNA technology (rDNA technology) is an emerging trend.

TBRC’s biosimilar growth hormones market report covers:

Major Market Players: Biopartners And LG Chem, Amega Biotech, Eli Lilly and Company, Genetech Inc., Novartis AG, Zhongshan Hygene Biopharm Co. Ltd., Merck, Sanofi S.A., Biosidus, Ferring Pharmaceuticals.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Biosimilar Growth Hormones Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides biosimilar growth hormones market overviews, analyzes and forecasts market size, share, biosimilar growth hormones market players, biosimilar growth hormones market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s biosimilar growth hormones market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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