Growth Hormone Deficiency Market Competitive Forecasts by 2030

Ashapatil555022 Nov, 2022Business

Growth hormone deficiency also called pituitary dwarfism or simply dwarfism, refers to a condition resulting from inadequate quantities of growth hormone in the body. Kids with GHD have weirdly short stature with usual body proportions. According to the MRFR reports, the global market for growth hormone deficiency is projected to acquire a market size of USD 5,243.3 Million by 2027 with a healthy CAGR of 4.20%. The growth of the GHD market is being driven by the factors such as a rise in growth hormone used to prevent aging, an increase in neuropsychiatric cases, an increase in growth hormone deficiency disorders, and the rise in awareness of the treatment procedure. However, the fluctuations in drug productivity in pharmaceutical companies and the high cost of the treatment may have an adverse impact on the market growth.