Growth hormone deficiency market to expand at a steady CAGR of 3.9%

The global growth hormone deficiency (GHD) space, which covers the seven major markets of the USA, France, Germany, Italy, Spain, the UK, and Japan, is set to rise from around $1.42 billion in 2016 to $2.08 billion by 2026, representing a steady compound annual growth rate (CAGR) of 3.9%.

According to research and consulting firm GlobalData’s latest report, the major drivers of this growth include the launch of long-acting growth hormones, improved adherence to and compliance with the use of these growth hormones, and increased awareness of the disease within the medical profession.

Edit Kovalcsik, healthcare analyst for GlobalData, explains: “Patient compliance with daily growth hormone drugs has been a long-standing issue in the GHD treatment landscape, and remains the greatest unmet need in the market. This unmet need has given a major thrust to innovation in the treatment space, with pharmaceutical companies focusing heavily on developing easier delivery options for patients.