It is anticipated that the global hormone replacement therapy market sales will grow by 7.1% a year by 2032, reaching US$ 12 billion.Geographically speaking, there are seven main regions that make up the global market for hormone replacement therapy: North America, South America, Eastern and Western Europe, Asia Pacific, Japan, Middle East, and Africa. In North America, the market for hormone replacement treatment is larger. Because more patients 35 years of age and beyond are using hormone replacement therapy, the US is now the largest market in North America. The availability of compound pharmaceuticals, or prescriptions in different dose forms and strengths, is one of the primary elements propelling the growth in revenue of this widely recognised treatment market. Other important market-driving elements rising amounts of disposable
This region is becoming more aware of Hormone Replacement Therapy. Hormone Replacement Therapy is expected to grow at a faster rate in Asia, particularly in India, China, and Japan. Hormone Replacement Therapy is any type of hormone therapy in which the patient receives hormones as part of medical treatment, either to supplement a lack of naturally occurring hormones or to substitute other hormones for naturally occurring hormones.Menopause is the period in most women’s lives when their menstrual periods cease permanently and they are no longer able to bear children. Menopause typically occurs between the ages of 45 and 55. A decrease in hormone production by the ovaries is defined by medical professionals. Menopause usually occurs around the age of 40 in women who have had their uterus removed but still have ovaries.
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Hormone Replacement Therapy Market: Drivers and Restraints
The prime drivers of hormone replacement therapy are increased demand from regenerative medicines such as anti-aging and reproductive-cycle boosting therapy such as menopausal hormone replacement. Rising demand in other therapeutic areas such as Growth Hormone Therapy and Thyroid Hormone Therapy due to comparatively safe profile, efficiency, and cost effectiveness of these drugs is expected to positively impact market growth.
Moreover, new formulations such as transdermal drugs, gels and creams that offer benefits such as ease of drug administration and impact at location are expected to increase the growth of hormone replacement therapy market during the forecast period. Advantages associated with the hormone replacement therapy such as reduction in risk incidence of osteoporosis, cardiovascular disease, and reduction of vasomotor symptoms are also expected to boost the growth of hormone replacement therapy market in the coming years.
Hormone Replacement Therapy has side effects such as fluid retention, headache, indigestion, and depression. These are anticipated to hamper the popularity of the therapeutic area. Furthermore, UK-based NICE notes that hormone replacement therapy could be associated with breast cancer risk if the drugs oestrogen and progesterone are taken in combination. Prolonged consumption of HRT drugs could also lead to increased risk of blood clots. Studies have estimated that for every 1,000 women taking HRT tablets for 7.5 years, less than two will develop a blood clot. These restraints seem quite negligible when compared with the benefits of HRT.
Hormone Replacement Therapy Market: Key Players
Some of the key market players in Global Hormone Replacement Therapy market are Bayer AG, Pfizer, Merck & co., BioSante Pharmaceuticals and Amgen, QuatRx Pharmaceuticals, Noven Pharmaceuticals.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Pipeline Assessment
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil and Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia Pacific without Japan (China, India, ASEAN, Australia & New Zealand, Rest of Asia Pacific without Japan)
- Japan
- Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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