About Hormone Replacement Therapeutics
Hormone replacement therapy refers to the treatment of people with growth hormone deficiency due to conditions such as dwarfism or women near menopause who need to replace hormones in the body that have become low in levels. A combination of drugs is currently used to treat hormone deficiencies that are known to have better parameters of safety and effectiveness. Hormone deficiency cases are escalating around the world and a large patient base is being deprived of proper treatment. These two factors are the main drivers of the Hormone Replacement Therapy market, which is forecast to grow at a healthy rate over the forecast period. Hormone replacement therapy is used to help balance hormones in both men and women. During menopause, hormone therapy (HT) or menopausal hormone therapy (MHT), hormone replacement therapy (HRT) can help relieve sweating, hot flashes, and other symptoms of menopause. Hormone therapy has also been shown to prevent bone loss and reduce fractures in postmenopausal women. Systemic hormone therapy in pill, gel, skin patch, cream, or spray form is one of the most effective treatments for relieving menopausal hot flashes and night sweats. Estrogen and progesterone are female hormones that play an important role in a woman's body. Falling levels cause a variety of physical and emotional symptoms, including hot flashes, mood swings, and vaginal dryness. The goal of hormone replacement therapy is to restore female hormone levels and allow the body to function normally again.
Attributes | Details |
---|
Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hormone Replacement Therapeutics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bayer AG (Germany), Pfizer (United States), Merck & Co. (United States), QuatRx Pharmaceuticals (United States), Noven Pharmaceuticals (United States), Abbott Laboratories (United States), Novo Nordisk A/S (Denmark), Novartis (Switzerland), Eli Lilly and Company (United States), Mylan Laboratories (United States) and F. Hoffmann-La Roche Ltd (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Genentech Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hormone Replacement Therapeutics market by Type (Estrogen Hormone, Growth Hormone, Thyroid Hormone and Testosterone Hormone), Application (Menopause, Hypothyroidism, Growth Hormone Deficiency, Male Hypogonadism and Other) and Region.
On the basis of geography, the market of Hormone Replacement Therapeutics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Route of Administration, the sub-segment i.e. Oral will boost the Hormone Replacement Therapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital Pharmacies will boost the Hormone Replacement Therapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in Drug Development with Novel Delivery Systems, A Rise in Hormonal Imbalance Disorders and Increased Demand from Regenerative Medicines
Market Growth Drivers:
Increasing Awareness on Post-Menopausal Issues among Women, The Rising Geriatric Population and The Increasing Number of Women Who Are About To Reach Menopause
Challenges:
Substantial Risk of Cancer-Associated With Hormone Replacement Therapy
Restraints:
High Cost of Hormone Replacement Therapy
Opportunities:
Rising Focus of Healthcare Providers on the Eradication of Hormonal Deficiencies, Rising Product Approvals and The Growing Research and Development Activities
Market Leaders and their expansionary development strategies
In October 2022, Tolmar Pharmaceuticals, Inc., a fully integrated pharmaceutical company, through its affiliate, Tolmar, Inc., has acquired JATENZO® from Clarus Therapeutics Holdings, Inc. This acquisition helps advance our mission to advocate for patients through our therapies.
In September 2023, LifeMD, Inc. (Nasdaq: LFMD), a leading provider of virtual primary care services, launched a partnership with ASCEND Therapeutics, Inc. Integrated Direct-to-Consumer Telehealth Model for Hormone Therapy.
In December 2020, the US FDA approved the oral solution Thyquidity (levothyroxine) from VistaPharm for the replacement therapy of congenital or acquired hypothyroidism of the primary (thyroid), secondary (pituitary) and tertiary (hypothalamus), or acquired hypothyroidism, as well as an additional approval as a supplement on surgery and radioiodine therapy in the treatment of thyrotropin-dependent, well-differentiated thyroid cancer.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Hormone Replacement Therapeutics, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.