Somatotropin Market : Size Authentic Madison Bumgarner Jersey , Share, Emerging Trends, Analysis and Forecasts to 2026 by · September 27, 2018
Somatotropin is a type of drug used as a medication against the growth and regeneration among humans and also stimulates cell reproduction. Deficiency of growth hormones is rising across the globe. Advancements in technology including development of recombinant human growth hormone by the major players is boosting the growth of the somatotropin market. Moreover, the leading companies are focusing on raising production capacity in order to increase supply in rural areas. Somatropin is a recombinant form of growth hormone and is provided only as a prescription drug for the treatment of adult growth hormone and disorders related to child growth. In the U.S., it is only available at a pharmacy store on physician鈥檚 prescription. Physicians in the U.S. have begun to prescribe somatotropin to older patients for some growth defects, but not to healthy individuals.
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The global somatotropin drugs market can be segmented based on product type, application Authentic Brandon Crawford Jersey , route of administration, and distribution channel. In terms of product type, the global market can be bifurcated into powder and solvent. Based on application, the global somatotropin drug market can be classified into Turner鈥檚 syndrome, growth hormone deficiency, Prader-Willi syndrome, chronic renal insufficiency, idiopathic short stature Authentic Buster Posey Jersey , small for gestational age, and others. The growth hormone deficiency segment is expected to witness strong growth during the forecast period. Pituitary tumors, metabolic abnormalities, and skeletal abnormalities are the primary causes of growth hormone deficiency. Adults with growth hormone deficiency are also increasingly taking growth hormone injections, as these protect them from increased muscle mass, fractures, and also reduce the risk of heart diseases.
In terms of route of administration, the global somatotropin drug market can be categorized into intramuscular Authentic Joe Panik Jersey , intravenous, and subcutaneous. The subcutaneous segment is likely to witness substantial growth during the forecast period owing to significant rise in growth rates and low incidence of antibody development. Moreover, subcutaneous route is highly preferred for chronic growth hormone therapy. Based on distribution channel, the global market can be divided into hospital pharmacies, retail pharmacies, online pharmacies, and clinics. Hospital pharmacies is likely to be the largest distribution channel segment of the global somatotropin market. This is attributed to high cost of human growth hormone drugs. Moreover, high investment in the development of advanced health care centers and hospitals by governments in various countries drives the distribution of growth hormone drugs through hospital pharmacies.
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Geographically Authentic Brandon Belt Jersey , the somatotropin drug market can be segmented into five major regions: North America, Middle East & Africa, Latin America, Asia Pacific, and Europe. North America is the leading market for somatotropin drug in terms of revenue, followed by Europe. The U.S. held the largest share of the market in North America. Asia Pacific and Latin America are emerging markets and are expected to witness significant growth during the forecast period. High growth rates in these regions are attributable to increase in number of people having growth hormone deficiency. The somatotropin drug market in countries such as China, India, and Brazil is projected to expand at a rapid pace during the forecast period due to increase in awareness among the population about growth hormone deficiency treatment.
Major players operating in the global somatotropin drug market include Merck KGaA Authentic Hunter Pence Jersey , Eli Lilly and Company, Novo Nordisk AS, Anhui Anke Biotechnology Co., Ltd., Ipsen S.A., GeneScience Pharmaceuticals Co., Ltd., Roche Holdings Authentic Barry Bonds Jersey , Inc., Pfizer Inc., Novartis AG, and Biopartners GmbH.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR鈥檚 global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media Authentic Willie Mays Jersey , food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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