Somatotropin Market: Introduction

  • Somatotropin, also called as Growth hormone (GH) or human growth hormone, is a protein hormone of about 190 amino acids that is synthesized and secreted by cells called somatotrophs in the anterior pituitary. It helps control several complex physiologic processes, including growth and metabolism. Moreover, it is responsible for growth of all the tissues in the body including the bones.
  • Somatotropin is used as a drug for both humans as well as animals
  • Somatotropin is a recombinant human growth hormone used as replacement therapy in various conditions of growth failure, growth hormone deficiency, and weakness in children and adults

 Request Brochure for Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=43445

Key Drivers, Restrains, and Opportunities of Global Somatotropin Market

  • Somatotropin is a type of peptide hormone whose function is the production of cells, growth stimulation, and cell regeneration in the body. It has a significant role in the development of the human body. The overwhelming advantages of somatotropin are projected to drive the market during the forecast period.
  • Rise in prevalence of growth hormone deficiency is likely to augment the somatotropin market in the next few years
  • According to NCBI, the prevalence of hyposomatotropism (growth hormone deficiency) is estimated to be between 1 in 4000 and 1 in 10,000. An estimated 6,000 adults are diagnosed with growth hormone (GH) deficiency every year in the U.S. Adult GH deficiency has been estimated to affect 1 in 100,000 people annually.
  • Advancements in technology by extensive research & development carried out by key players in the market are fueling the somatotropin market. Moreover, major players are investing heavily in the development of recombinant human growth hormone, which in turn is further boosting the market growth.
  • Leading players are focused on increasing their production capacity in order to increase supply of somatotropin in rural areas
  • The initiatives undertaken by various government and non-government organizations to spread information about growth hormone deficiencies have propelled the somatotropin market at a rapid pace
  • The high cost associated with the somatotropin drugs or therapies and various side-effects of using somatotropin may hinder the market during the forecast period

 Request for Analysis of COVID19 Impact on Somatotropin Market –

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=43445

North America to Capture Major Share of Global Somatotropin Market

  • In terms of region, the global somatotropin patches market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America is expected to account for a major share of the global somatotropin market due to presence of the major market players and commercialization of growth hormone by the U.S. Food and Drugs Administration (FDA)
  • The market in Europe is likely to account for a significant share due to well-established healthcare infrastructure and hub for key industry players in the region
  • The somatotropin market in Asia Pacific is estimated to expand at a rapid pace during the forecast period owing to an increase in number of people suffering from growth hormone deficiency. Moreover, increase in research & development in Asia Pacific is likely propel the market in the region.
  • The somatotropin drug market in Latin America is projected to expand at a rapid pace during the forecast period due to an increase in awareness among the population about growth hormone deficiency treatment

Pre book Market Report –

https://www.transparencymarketresearch.com/checkout.php?rep_id=43445&ltype=S

Key Players Operating in Global Somatotropin Market

The global somatotropin market is highly concentrated due to the presence of key players. A huge number of manufacturers hold a major share in their respective regions. Growth strategies adopted by leading players are likely to drive the global somatotropin market.

Major players operating in the global somatotropin market are listed below:

  • Merck KGaA
  • Pfizer Inc.
  • Eli Lilly and Company
  • Novartis AG
  • Novo Nordisk A/S
  • AnkeBio Co., Ltd
  • Ipsen Pharma
  • GeneScience Pharmaceuticals Co., Ltd.
  • F. Hoffmann-La Roche Ltd
  • Ferring B.V.
  • LG Chem

 Ask for Discount :

https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=43445

Global Somatotropin Market: Research Scope

Global Somatotropin Market, by Indication

  • Growth Hormone Deficiency
  • Turner Syndrome
  • Idiopathic Short Stature
  • Prader-Willi Syndrome
  • SHOX Deficiency
  • Small for Gestational Age (SGA)
  • Others

Browse more Market Reports:

Peptide Therapeutics Market:

https://www.transparencymarketresearch.com/peptide-therapeutics-market.html

Implantable Medical Devices Market:

https://www.transparencymarketresearch.com/global-implantable-medical-devices-market.html

Compression Therapy Market:

https://www.transparencymarketresearch.com/compression-therapy-market.html

About Us

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Transparency Market Research,

90 State Street, Suite 700,

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com/

LEAVE A REPLY

Please enter your comment!
Please enter your name here