The somatropin market includes human growth hormone recombinant products used for the treatment of growth disorders and wasting conditions. Somatropin is synthetically produced using recombinant DNA technology and bioengineering to stimulate natural growth in children and promote tissue growth. It finds widespread applications in conditions such as growth hormone deficiency, Turner syndrome, chronic renal failure, Prader-Willi syndrome, and others. The global demand for somatropin has been rising due to its effectiveness over extracted growth hormone products and minimal side effects. The recombinant products possess high potency, purity, and safety profile as compared to pituitary-derived hormones.
The Global somatropin Market is estimated to be valued at US$ 4.44 Mn in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the somatropin market are Bausch Health Companies Inc., Cheplapharm Arzneimittel, Novartis AG, Novelion Therapeutics Inc., Ciba Corporation, and LGM Pharma, LLC.
The growing burden of Somatropin Market Trends disorders, increasing healthcare expenditure, rising awareness, and availability of patient assistance programs present key opportunities for market players in the forecast period.
Advancements in recombinant DNA technology have enabled mass production of somatropin with high purity and accuracy. This has improved the therapeutic efficacy and ensured consistent quality of somatropin products.
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