Growth hormone inhibiting hormone drugs is commonly referred as somatostatin. Growth hormone inhibiting hormone drugs affect the several area body by inhibiting the secretion of other hormone in the body. The primary function of growth hormone inhibiting hormone drugs is to prevent the production of other hormone in the body and also to stop the unnatural rapid reproduction of the cells. Growth hormone inhibiting hormone drugs also acts as neurotransmitter and growth hormone inhibiting hormone drugs has a role in the gastrointestinal tract. Growth hormone inhibiting hormone drugs regulates the secretion of hormones coming from the pituitary gland, which includes thyroid stimulating hormone and growth hormone. Growth hormone inhibiting hormone drugs also reduces the gastric secretion and the emission of gastrointestinal hormones, such as gastrin and secretin. There are few problem associated with growth hormone inhibiting hormone drugs such as excessive rise in somatostatin level can lead to endocrine cancer. Growth hormone inhibiting hormone drugs are prescribe for both humans and animals to inhibit the growth of other hormone.
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Growth Hormone Inhibiting Hormone Drugs Market: Drivers and Restraints
Rising affordability of patient in the emerging countries for the hormone therapy is the primary factor driving the growth of growth hormone inhibiting hormone drugs market. Moreover, the rise focus of pharmaceutical companies to launch the more innovative hormone therapy drugs in the market will boost the growth of growth hormone inhibiting hormone drugs. Besides, the strong pipeline for growth hormone inhibiting hormone drugs and rise in funding by investors to develop the growth hormone inhibiting hormone drugs is the potential opportunity for the upsurge of growth hormone inhibiting hormone drugs marker in near future. The lack of awareness among the people in the under developing economies will hamper the growth of growth hormone inhibiting hormone drugs market to some extent. The high cost of growth hormone inhibiting hormone drugs which cannot be afforded by majority to patient which may also responsible for the sluggish growth of the growth hormone inhibiting hormone drugs market.
Growth Hormone Inhibiting Hormone Drugs Market: Segmentation
The global growth hormone inhibiting hormone drugs market is classified on the basis of hormone type, indication, distribution channel, and region.
Based on hormone type, growth hormone inhibiting hormone drugs market is segmented into following:
- Hypothalamic Peptide Hormone
- Gastrointestinal Peptide Hormones
Based on indication growth hormone inhibiting hormone drugs market is segmented into following
- Giantism
- Acromegaly
- Others
Based on distribution channel growth hormone inhibiting hormone drugs market is segmented into following:
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
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Growth Hormone Inhibiting Hormone Drugs Market: Market Overview
The growth hormone inhibiting hormone drugs market is expected to show significant growth due to rise in funding by investor for development of novel drugs and the rising adoption for hormone therapy. By hormone type, hypothalamic peptide hormone is expected to dominate the market share in term of value due high adoption of somatostatin as growth hormone inhibiting hormone drugs. By indication, both giantism and acromegaly is anticipated to show significant growth over the forecast period. Among all distribution channel hospital pharmacies is expected to be most dominant segment whereas retail pharmacies segment is anticipated show higher growth rate.
Growth Hormone Inhibiting Hormone Drugs Market: Regional Overview
On the basis of geography, growth hormone inhibiting hormone drugs market is classified into eight key regions viz. North America, Latin America, Europe, APECJ, China, Japan, Middle East and Africa. North America is expected to dominate the global growth hormone inhibiting hormone drugs market due to the rise in research and development for the development of novel hormone drugs. After North America growth hormone inhibiting hormone drugs market is then followed by Europe due to rising incidences of giantism in this region.
APEC and China is the fastest growing region for global growth hormone inhibiting hormone drugs market owing to rising number of contract research organization in this region. Latin America and Middle East and Africa is the least lucrative region for Growth Hormone inhibiting hormone drugs market due to lack of awareness among the people about the hormone therapies for the treatment of giantism and acromegaly.
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Growth Hormone Inhibiting Hormone Drugs Market: Key Players
Some of the key players found across the value chain of growth hormone inhibiting hormone drugs market are Novartis AG, Merck KGaA, Pfizer Inc., Novartis AG, Novo Nordisk A/S, Biopartners GmbH, Ipsen S.A, GeneScience Pharmaceuticals Co., Ltd., Anhui Anke Biotechnology (Group) Co., Ltd, and Roche Holdings, Inc