Hormone Replacement Therapy Market Size Will Reach $53.9 Billion
Ottawa, July 07 2022 (GLOBE NEWSWIRE) — The world hormone replacement therapy market the size was valued at $31.4 billion in 2021. Key drivers for hormone replacement therapy are increased interest in regenerative solutions, for example, versus the development and design of cycle support therapies like hormone replacement of menopause. Increased revenue in other helpful areas e.g. Growth Hormone Therapy and Thyroid Hormone Therapy due to the almost safe profile, capacity and cost adequacy of these prescriptions is expected to influence the improvement of the market.
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Additionally, new definitions e.g., transdermal drugs, gels and creams that recommend benefits, e.g., simplicity of combining prescriptions and region impact are expected to manufacture the market advancement of hormone replacement therapy during the gauge period.
Key points to remember:
- In 2021, the North America region was estimated at USD 10.87 billion
- The Asia-Pacific region is growing at a CAGR of 12.7% over the forecast period 2022 to 2030
- By product, the US hormone replacement therapy market was estimated at USD 8.5 billion in 2021
- The menopause indication segment accounted for a 48% market share in 2021
- Growth hormone deficiency segment generated 20% revenue share in 2021
- Human Growth Hormone Replacement Therapy Segment Grows at a CAGR of 12.3% Over the Forecast Period
- In 2021, the parental segment garnered a revenue share of 41%
North America managed the general Hormone Replacement Therapy market as far as earnings share in 2021. It works as the advancement of medicine movement structures, enhancement of new intricacies and rise of Objective people in North America should remain aware of its solidarity during the gauge period. The NIH reports that a portion of postmenopausal women have used HRT something like once.
Asia-Pacific, on the other hand, is expected to experience the fastest improvement over the control period from 2022 to 2030. Expanding levels of care and the growing focus of clinical service providers on the annihilation of hormonal needs are expected to help advance the market in the region. .
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|Market size in 2021||$31.4 billion|
|Revenue forecasts by 2030||$53.9 billion|
|CAGR||6.4% from 2022 to 2030|
|The biggest market||North America|
|Fastest growing region||Asia Pacific|
|Year of reference||2021|
|forecast year||2022 to 2030|
|Key players||Novo Nordisk A/S, Pfizer Inc., Endo International Plc, Allergen Plc, Janssen NV, Novartis AG, Bayer AG, Merck KGaA, Mithra Pharmaceuticals, Teva Pharmaceuticals, Mylan NV and others|
- Estrogen replacement therapy is used in women after menopause or hysterectomy and helps them stay aware of hormonal balance. The estrogen stuff has been considered to make the most arrangements, which also makes it the biggest play.
- The parenteral coin ruled the general market as far as compensation share in 2020. The oral association course is generally appreciated for testosterone medications. The other room is full of things like vaginal creams, coatings, vaginal rings, and vaginal tablets.
- In terms of disease type, menopause is expected to be the fastest creating zone during the measurement period of 2022 to 2030. According to estimates by the American Congress of Obstetricians and Gynecologists, about 6,000 women regularly present at menopause.
- Within the area of disease, menopause is expected to be the fastest growing area during the measurement period of 2022 to 2030. According to estimates by the American Congress of Obstetricians and Gynecologists, approximately 6,000 women regularly present to the menopause.
The key issue that contributes to the improvement of the overall hormone replacement therapy market is the rising recall for the regularity of menopause problem and the extension of care for post-menopausal problems in women. In addition, new farewell to hormone replacement therapy is expected to greatly contribute to the improvement of the hormone replacement therapy market. Be that as it may, the negative effects of hormone replacement therapy and the high cost of the therapy are believed to hamper the market advancement during the control period.
As noted by the US Women’s Health Initiative, the use of mixed hormone replacement therapy accompanies the bet for the advancement of a few tumors, including ovarian disease and malignant tumors of the uterus. This point of view is supposed to maintain the development of the reception of hormone replacement therapy in the coming years. Other issues related to hormone replacement therapy, for example, strokes, heart problems, and blood pools are also expected to have a negative effect on the development of the hormone replacement therapy market.
Improving new items as an essential methodology is adopted by leading organizations to increase their market presence among buyers. These methodologies have driven the development of the hormone replacement therapy market.
Affordability has always remained a significant challenge for any drug or drug regimen. In addition, the lack of reimbursement for medical services has led people to choose cheaper drugs with unclear drug matching. This has prompted hormone replacement therapy drug makers to provide non-exclusive variants of the details in an attempt to resolve any issues between individuals’ buying strength and hormone replacement therapy drug evaluation.
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- In August 2020, Bayer AG declared the securing of KanDy Therapeutics Inc., which is contributing to the development of Bayer’s women’s drug pipeline by adding KanDy’s menopause drugs to its portfolio.
- In December 2020, the U.S. FDA supported the oral arrangement Thyquidity (levothyroxine), from VistaPharm, for the replacement treatment of innate or obtained essential (thyroid), auxiliary (pituitary), and tertiary (hypothalamic) hypothyroidism, alongside additional endorsement as a medical procedure assistant and radioactive iodine therapy in the administration of a very distinct thyroid condition dependent on thyrotropin.
- In August 2020, the US FDA supported Sogroya (somapacitan), a human developmental hormone (HGH) therapy for adult patients with a lack of developmental hormones, which is found to be needed once a week by infusion under the skin . As a result, the high item approvals pattern is also expected to drive market concentration in the district.
- In October 2018, the US FDA approved Therapeutics MD bioidentical estradiol and progesterone (Bijuva) containers as hormone therapy for postmenopausal women with moderate to extreme vasomotor side effects.
- Estrogen hormone replacement therapy
- Human Growth Hormone Replacement Therapy
- Thyroid hormone replacement therapy
- Testosterone hormone replacement therapy
- Male hypogonadism
- Growth hormone deficiency
By distribution channel
- Hospitals Pharmacies
- Pharmacies and retail stores
- Online pharmacies
- North America
- Asia Pacific
- Latin America
- Middle East and Africa (MEA)
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