- The key vendors in the Human Growth Hormone Market in the US 2015-2019 are F. Hoffmann-La Roche Ltd., Merck Serono SA, Novo Nordisk A/S and Pfizer Inc.
London, 18 March 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Human Growth Hormone Market in the US 2015-2019. Advances in technology have led to the development of needle-free drug delivery devices. These devices make it easy for patients to self-administer drugs and reduce the incidence of injection site reactions, therefore preventing noncompliance in the patient population. The Human Growth Hormone market in the US is expected to grow at a CAGR of 3.86 percent during the forecast period of 2014-2019.
Currently, drugs that are administered via injections often suffer poor adherence and noncompliance among patients. Therefore, these approved drugs are being reformulated to increase their safety and efficacy profiles. An improvement in drug delivery devices leads to a decrease in complications associated with drug administration, thereby ensuring better patient compliance.
“Many companies are focusing on the development of needle-free drug delivery devices. These devices make it easy for patients to self-administer drugs and reduce the incidence of injection site reactions, therefore preventing noncompliance in the patient population, increasing the overall efficacy of the treatment, and decreasing the number of clinic/hospital visits,” says Faisal Ghaus, Vice President of Technavio Research.
“Currently, various needle-free drug delivery devices, such as cool.click 2, Tjet, Zomajet 2 Vision, Zomajet Vision X, and SeroJet, are available in the market.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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