According to the recent research report titled ‘Europe Growth Hormone Market Forecast 2027 By Distribution Channel, By Product, By Application, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’ available with MarketStudyReport, Europe growth hormone market is poised to surpass USD 1.6 billion in valuation by 2027.

The major factors driving the Europe growth hormone market growth are rising demand for research and development activities to discover new and effective drugs, increasing adoption of online platforms, and growing partnerships and agreements in government, private, and public sectors.

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Growth hormone therapies are in high demand to treat and minimize the rising instances of Prader-Willi syndrome and Growth Hormone Deficiency (GHD). To strengthen their competitive advantage, many firms are introducing growth hormone solvents, thus contributing towards the market remuneration.

Apart from this, many healthcare organizations are developing their own online platforms in order to grow their product offerings as well as their consumer base. Furthermore, both consumers and businesses are becoming more aware of the advantages of using an online pharmacy. The region's adoption of online medical businesses will be aided by the availability of high-speed internet.

The Europe growth hormone marketplace is segmented into product type, application landscape, distribution channel, and regional landscape. The application segment of this business space consists of idiopathic short stature, growth hormone deficiency, small for gestational age, turner syndrome, and others.

Moving forward the distribution channel, the market is classified into hospital pharmacy, retail pharmacy, and online med stores. Among these, the online med stores accounted for USD 11.5% market share in 2020 and are poised to have steady growth through the study timeline due to easy availability and high convenience while looking for critical medicines.

The geographical landscape of Europe growth hormone industry is widespread across the U.K, France, Italy, Russia, Spain, Denmark, and Polland. The report cites that France held 20% market share in 2020 and is expected to have remunerative growth through forecast duration, primarily due to increased pervasiveness of growth hormone deficiency in the country and strategic collaborations among the market majors.

Speaking of which, the leading companies of Europe growth hormone market sphere are Pfizer Inc., Ferring B V, Novo Nordisk A/S, Merck KGaA, Anhui Anke Biotechnology (Group) Co., Ipsen S A Ltd., Eli Lily and Company, Genetech Inc. (Roche Group), LG Chem Ltd., and Novartis AG.