By 2032, the Global Hormone Replacement Therapy Market Sales is estimated to expand 7.1% year on year to US$ 12 billion.
Hormone Replacement Therapy (HRT) is used to treat menopausal symptoms. HRT restores hormones that women lose as they approach menopause.
Several women have unpleasant symptoms such as vaginal dryness and hot flashes during menopause. Because it balances hormone levels in the body, hormone therapy, also known as menopausal hormone therapy, is an effective therapeutic option for menopause symptoms. Demand for Hormone Replacement Therapy is predicted to rise as a result of these factors during the forecast period.
Furthermore, with greater awareness of biological medications for cancer treatment, demand for Hormone Replacement Therapy is increasing. The market for biologics and protein products has grown as a result of analytical advancements during the last two decades.
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This is owing to the development of new analytical technologies that allow for comprehensive physicochemical comparisons of complex protein molecules and protein therapeutics. As a result, new drugs and therapies are more likely to be discovered and developed.
According to FMI, the market in rising nations such as China and India has enormous growing potential. Emerging countries are working on enhancing their healthcare infrastructure due to the rising resources and large patient pool in these places.
Furthermore, due to a shortage of numerous producers in developing countries, essential drugs are imported from developed regions, raising their prices. As a result, prominent corporations are expanding their manufacturing capacity in order to profit from Hormone Replacement Therapy.
Hormone Replacement Therapy Market Drivers and Restraints:
Increased demand for regenerative medications such as anti-aging and reproductive-cycle boosting therapies such as menopausal hormone replacement are the primary drivers of Hormone Replacement Therapy. Rising demand in additional therapeutic areas, such as Growth Hormone Therapy and Thyroid Hormone Therapy, is likely to boost market growth due to these medications’ relatively safe profile, efficiency, and cost-effectiveness.
Furthermore, innovative formulations such as transdermal medicines, gels, and creams that provide benefits such as convenience of drug administration and local impact are likely to drive the growth of the Hormone Replacement Therapy market during the forecast period.
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Side effects of Hormone Replacement Therapy include fluid retention, headache, indigestion, and sadness. These are expected to reduce the therapeutic area’s popularity. Furthermore, the United Kingdom-based NICE warns that combining the medications oestrogen and progesterone may increase the chance of developing breast cancer.
Prolonged use of HRT medications may potentially raise the risk of blood clots. According to studies, less than two women in every 1,000 who use HRT tablets for 7.5 years will develop a blood clot. When weighed against the benefits of HRT, these limitations appear insignificant.
Hormone Replacement Therapy Market Competition:
The research study provides information on major players, developments, market segments, geographies, types, technology, and applications.
Hormone Replacement Therapy Market Recent Development:
- Eli Lilly and Company bought Protomer Technologies in July 2021 to develop and synthesise molecules capable of sensing glucose or other endogenous modulators of protein activity.
- Following regulatory approval from all government authorities required by the transaction agreement and approval by the Irish High Court, AbbVie bought Allergan plc in May 2020.
- Endo International plc bought BioSpecifics Technologies Corp., a commercial-stage biopharmaceutical business, in December 2020.
A list of Key Players Covered in the Hormone Replacement Therapy Market Are:
- Eli Lilly and Company
- Pfizer, Inc.
- AbbVie, Inc.
- Novo Nordisk A/S
- Merck KGaA
- Mylan N.V.
- Bayer Healthcare
- Hoffmann-La Roche Ltd.
- Teva Pharmaceuticals
- Endo International
- Sun Pharmaceutical Industries Ltd
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Hormone Replacement Therapy Market: Segmentation
Based on Therapy Type:
- Estrogen Replacement Therapy
- Growth Hormone Replacement
- Dopamine Agonist
- Somatostatin Analogues
- Thyroid Hormone Replacement
- Tablets
- Capsules
- Injections
Based on Application:
- Cancer
- Menopause
- Hypopituitarism
- Hypothyroidism
- Others
Based on Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies and Drugstores
- Compounding Pharmacies
- E-commerce
- Others
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