Biosimilar Growth Hormones Market Implements rDNA Technology For Major Developments

Jennifer E. Engen

Biosimilar Growth Hormones Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

The Business Research Company’s Biosimilar Growth Hormones Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

LONDON, GREATER LONDON, UK, April 4, 2022 /EINPresswire.com/ — Recombinant DNA technology (rDNA technology) is increasingly being implemented in the biosimilar growth hormone industry. The development of biosimilar growth hormone by using rDNA technology is an emerging trend. For instance, in 2020, rBIO was produced utilizing Recombinant DNA technology. rBIO can cut the cost of insulin by 30%, rendering insulin and other medications more cost-effective in the United States.

The growing number of children suffering from growth hormone deficiency is driving the biosimilar growth hormones market growth. Growth hormone deficiency is caused by damage to the pituitary gland or hypothalamus, which may be the result of an abnormal formation that occurred before the child was born (congenital) or something that occurred during or after birth (acquired). Growth hormone deficiency has been identified in about 1 in every 3,800 babies. Additionally, some children acquire it later in their life as a result of a brain tumor, brain operation, radiation therapy, injury or infection. According to the biosimilar growth hormones market forecast, an increase in the number of children suffering from growth deficiency drives the growth of the market.

Read more on the Global Biosimilar Growth Hormones Market Report
https://www.thebusinessresearchcompany.com/report/biosimilar-growth-hormone-global-market-report

The global biosimilar growth hormones market size is expected to grow from $0.59 billion in 2021 to $0.64 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global biosimilar growth hormones market share is expected to reach $0.89 billion in 2026 at a CAGR of 8.4%.

North America was the largest region in the biosimilar growth hormone market in 2021. The Middle East is expected to be the fargest growing region in the forecast period. The regions covered in the biosimilar growth hormones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players covered in the global biosimilar growth hormones industry are Biopartners And LG Chem, Amega Biotech, Eli Lilly and Company, Genetech Inc., Novartis AG, Zhongshan Hygene Biopharm Co. Ltd., Merck, Sanofi S.A., Biosidus and Ferring Pharmaceuticals.

TBRC’s global biosimilar growth hormones market report is segmented by route of administration into intravenous, subcutaneous, intramuscular, oral, by application into growth hormone deficiency, turner syndrome, idiopathic short stature, prader willi syndrome, others, by distribution channel into hospital and retail pharmacy, online pharmacy/epharmacy, speciality clinics.

Biosimilar Growth Hormones Global Market Report 2022 – By Route Of Administration (Intravenous, Subcutaneous, Intramuscular, Oral), By Application (Growth Hormone Deficiency, Turner Syndrome, Idiopathic Short Stature, Prader Willi Syndrome), By Distribution Channel (Hospital And Retail Pharmacy, Online Pharmacy/Epharmacy, Speciality Clinics) – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides a biosimilar growth hormones market overview, forecast biosimilar growth hormones market size and growth for the whole market, biosimilar growth hormones market segments, geographies, biosimilar growth hormones market trends, biosimilar growth hormones market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

Request for a Sample of the Global Biosimilar Growth Hormones Market Report
https://www.thebusinessresearchcompany.com/sample.aspx?id=3391&type=smp

Not what you were looking for? Here is a list of similar reports by The Business Research Company:
Biosimilars Global Market Report 2022 – By Product (Recombinant Non-glycosylated Proteins, Recombinant Glycosylated Proteins), By Types (Human Growth Hormone, Erythropoietin, Monoclonal antibodies, Insulin, Interferon, Granulocyte-Colony Stimulating Factor), By Application (Oncology, Chronic and Autoimmune Diseases, Growth Hormone Deficiency, Infectious Diseases) – Market Size, Trends, And Global Forecast 2022-2026
https://www.thebusinessresearchcompany.com/report/biosimilar-global-market-report

Biosimilar Interleukins Global Market Report 2022 – By Type (IL-17, IL-23, IL-1, IL-5, IL-6), By Application (Psoriasis, Psoriatic Arthritis, Rheumatoid Arthritis, Asthma, Inflammatory Bowel Disease (IBD)), By Distribution Channel (Hospital Pharmacies, Online Pharmacies, Retail Pharmacies, Clinics, Research Institutes) – Market Size, Trends, And Global Forecast 2022-2026
https://www.thebusinessresearchcompany.com/report/biosimilar-interleukin-global-market-report

Biosimilar Hormones Global Market Report 2022 – By Type (Teriparatide Biosimilars, Follitropin Alfa Biosimilars, Insulin Biosimilars, Somatropin Biosimilars), By Application (Research & Biotechnology, Diagnostics, Biocatalysts, Therapeutics), By Distribution Channel (Hospital And Retail Pharmacy, Online Pharmacy/epharmacy, Specialty Clinics) – Market Size, Trends, And Global Forecast 2022-2026
https://www.thebusinessresearchcompany.com/report/biosimilar-hormone-global-market-report

About The Business Research Company?
The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]

Check out our:
LinkedIn: https://bit.ly/3b7850r
Twitter: https://bit.ly/3b1rmjS
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: http://blog.tbrc.info/

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
[email protected]
Visit us on social media:
Facebook
Twitter
LinkedIn

Market Research Products, Services, Solutions For Your Business – TBRC


https://www.einnews.com/pr_news/567468545/biosimilar-growth-hormones-market-implements-rdna-technology-for-major-developments

Next Post

What’s the Cause and What You Can Do About It

Back pain is very common, whether it’s a chronic condition as we age or it hits suddenly after improperly straining the spine to pick up something heavy. Whatever the cause – arthritis, spinal stenosis (narrowing around the nerve roots), blunt injury or something else — back pain is one of […]