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    North America Growth Hormone Market Forecast 2027 By Application (Growth Hormone Deficiency, Idiopathic Short Stature, Turner Syndrome, Small for Gestational Age, Prader-Willi Syndrome), By Product (Powder, Solvent), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Medstores), Research Report, Country Outlook (U.S., Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: October 2021   |   Report ID: GR1984   |   Delivery: PDF  Request Free Sample

    North America Growth Hormone Market size surpassed USD 1.3 billion in 2020 and is predicted to witness 7% CAGR from 2021 to 2027. Improving diagnosis rate for growth hormone disorders will augment the market demand. According to American Academy of Paediatrics’ report, growth hormone deficiency occurs one in 10,000 children in the U.S.


    North America Growth Hormone Market

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    Moreover, there has been significant rise in chronic conditions such as growth retardation and genetic conditions such as Prader-Willi syndrome and Turner syndrome. As a result, the demand for recombinant growth hormone and synthetic growth hormone injections is on the rise. Recombinant growth hormone has been widely available in the U.S. for the treatment of growth hormone deficiency (GHD), Prader-Willi syndrome, Turner syndrome, and intrauterine growth retardation among others.

    North America Market, By Product

    The powder segment in the North America growth hormone market accounted for over USD 986 million revenue in 2020. The most common form of growth hormones is powder form. These growth hormones are available in the form of lyophilized powder. These powder forms are then formulated in various concentrations of suspension to develop dosages for growth hormone injections.

    In patients with disorders such as Turner syndrome, growth hormone deficiency and idiopathic short stature among others, the suspension is injected subcutaneously. Pfizer is one of the leading suppliers of Genotropin growth hormone in powdered form.

    North America Growth Hormone Market, By Application

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    Turner syndrome segment will observe around 7.4% growth rate during the forecast timeline. The growth is attributed to rising incidence of Turner syndrome worldwide. According to the National Organization of Rare Disorders, around 70,000 girls and women in the U.S. are estimated to be affected by Turner syndrome and it is estimated to affect nearly one in 2,000-2,500 live female births. Turner syndrome occurs if the X chromosome is missing in females, resulting in delayed shorter-than-average height and puberty. Growing disease awareness and increasing adoption of synthetic growth hormones will accelerate the segment growth.

    North America Market, By Distribution Channel

    The hospital pharmacy segment size was over USD 781 million in 2020. Increasing preference towards hospital pharmacy owing to the high patient in-flow and availability of variety of expensive medication in hospital pharmacies will drive the North America growth hormone market demand.

    In addition, growing healthcare expenditure coupled with advanced medical infrastructure are some of the factors pushing the segmental expansion. Additionally, presence of large number of hospital pharmacies in the region will also contribute to the industry progression.

    North America Market, By Country

    North America growth hormone market revenue valued at USD 1.3 billion in 2020, due to growing patient awareness and high disposable income in the region. Besides, the regional market demand is credited to the increasing sale of GH injections for treatment of various growth disorders.

    Government and private organizations have undertaken initiatives to spread awareness about human growth hormone treatment and GH deficiencies. For instance, U.S. based non-profit charitable organization, ICOSEP celebrates 20th September as “International Children’s Growth Awareness Day” to generate awareness regarding early diagnosis of GH disorders in children and its treatment.

    Competitive Industry Landscape

    Some of the key players operating in the North America growth hormone market include Novo Nordisk A/S, Eli Lily and Company, Pfizer Inc., Merck KGaA, Novartis AG, Ipsen S.A., LG Chem Ltd., Genetech Inc. (Roche Group), and Ferring B.V.

    These companies have adopted various strategies such as product launches, collaborations, distribution agreements, and acquisitions that have helped them in sustaining the market competition and gain significant position in the market. For instance, in November 2020, Aeterna Zentaris Inc. amended the existing license agreement with Novo Nordisk to expand the usage scope of macimorelin that aids in diagnosing childhood onset growth hormone deficiency. This strategic move helped the company to enhance their revenue growth.

    Frequently Asked Question(FAQ) :

    How much is the North America growth hormone market worth?
    The market share for growth hormone in North America was surpassed USD 1.3 billion in 2020 and will expand at a CAGR of 7% between 2021 and 2027 with the rising diagnosis rate for growth hormone disorders.
    What is the value of North America powdered growth hormone industry?
    The industry size from powdered products was more than 986 million in 2020 and will grow with increasing admission from patients having disorders such as Turner syndrome, idiopathic short stature, and others.
    Why will the growth hormone in North America market revenue rise from Turner syndrome application?
    How will hospital pharmacies drive North America growth hormone sector?
    The market revenue from hospital pharmacies was more than 781 million in 2020 and will escalate with high patient in-flow and the availability of a range of expensive medication at these units.
    Who manufactures growth hormone in North America?
    Leading players in the North America industry are Eli Lily and Company, Genetech Inc., Pfizer Inc., Novo Nordisk A/S, Ipsen S.A., LG Chem Ltd., and others.

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