Incidence of illnesses linked to hypogonadism is anticipated to rise during the forecast period, propelling market expansion. For instance, according to the Endocrine Society (January 2022), hypogonadism is a prevalent disorder in males worldwide, and it is more common in older men, obese men, and those with type 2 diabetes. Over the course of the forecast period, rising infertility rates around the world are anticipated to fuel market expansion for human chorionic gonadotropin (HCG). For instance, the report published in Galadari Printing and Publishing LLC, 2018, found that the prevalence of infertility increased along with a notable decline in demographics, with the number of births per woman falling from 6.6 in the 1970s to 5.22 in the 1980s and 1985 to 1.73 from 2015 to 2020, a decline that totaled a 160% drop.
Global Human Chorionic Gonadotropin (HCG) Market is estimated to be valued at US$ 710.88 Million in 2022 and is expected to exhibit a CAGR of 6.5% during the forecast period (2022-2030).
Prominent Players in the Human Chorionic Gonadotropin (HCG) Industry:
1. Merck & Co., Inc.
Merck & Co., Inc. operates as a healthcare company worldwide. It operates through two segments, Pharmaceutical and Animal Health. Merck & Co., Inc. was founded in 1891 and is headquartered in Kenilworth, New Jersey.
2. Ferring B.V.
Frederik and Eva Paulsen founded the company in the 1950s. It has headquarters situated in Saint-Prex, Switzerland. In June, 2022, the biopharmaceutical company Ferring B.V. announced a strategic partnership with the innovation-focused global biopharma company I-MAB Biopharma Co., Ltd. to advance the development of olamkicept, a selective interleukin-6 (IL-6) trans-signaling inhibitor for inflammatory bowel disease (IBD) and associated inflammatory conditions.
3. Lupin
Lupin Limited was founded in 1968 and is headquartered in Mumbai, India. Lupin Limited, a pharmaceutical company, develops, produces, markets, and sells a range of branded and generic formulations, biotechnology products, and active pharmaceutical ingredients (APIs). The company is operational in more than 100 countries.
More than 100 countries. Lupin Limited (Lupin) in the month of December, 2022 announced the launch of authorized generic version of PENNSAID® (Diclofenac Sodium Topical Solution), 2% w/w of Horizon Pharma Therapeutics in the United States.
4. Sun Pharmaceutical Industries Ltd.
Sun Pharmaceutical Industries Limited, a generic pharmaceutical company, develops, manufactures, and markets branded and generic formulations and active pharmaceutical ingredients (APIs) in India and internationally. The company was founded in 1983 and is based in Mumbai, India.
5. Zydus Lifesciences Limited
Zydus Lifesciences Limited engages in the research, development, production, marketing, distribution, and sale of pharmaceutical. Zydus Lifesciences Limited was founded in 1952 and is based in Ahmedabad, India.
6. Fresenius SE & Co.KGaA
Fresenius SE & Co. KGaA, a health care company, provides products and services for dialysis, hospitals, and outpatient medical care. Fresenius SE & Co. KGaA was founded in 1912 and is headquartered in Bad Homburg vor der Höhe, Germany.
7. Serum Institute of India Pvt. Ltd.
Serum Institute of India Pvt, Ltd. is the world's largest vaccine manufacturer by number of doses produced and sold globally (more than 1.5 billion doses), supplying the world's least expensive and WHO-accredited vaccines to as many as 170 countries. It was founded in 1966 with the aim of manufacturing lifesaving immunobiological drugs including vaccines worldwide. It has headquarters situated in Pune, India.
8. Scripps Laboratories
Since 1984 Scripps Laboratories is manufacturer to the largest clinical diagnostic corporations and biomedical research institutes worldwide. It has headquarters situated in Tokyo, Japan.
9. Sanzyme Biologics Pvt. Ltd.
Sanzyme Biologics was incorporated in 1969 as Uni-Sankyo and was the first company to manufacture and sell probiotics in the Indian market. Sanzyme Biologics has market presence in over 40 countries across the globe and has headquarters situated in Hyderabad, India.
10. Bharat Serums And Vaccines Limited (BSV)
Bharat Serums and Vaccines Limited (BSV) is one of the fastest growing biopharmaceutical companies in India and has been ranked amongst the top 10 Indian biopharmaceutical companies. The Company, founded in 1971, is based in Mumbai, India.
*Definition- After a fertilised zygote implants in the uterus, the placenta releases a hormone called human chorionic gonadotropin hormone (HCG).
