Industry Background:
Testosterone is responsible for the development of male sexual characteristics and this hormone formed by the testicles. Insufficient production of testosterone causes erectile dysfunction. Testosterone Replacement Therapy (TRT) is generally termed as hormone therapy for men, designed to counteract the effects of reduced activity in the gonads or hypogonadism. Hypogonadism in men is clinical syndrome, which results in the failure of the testes to produce physiological levels of testosterone. Erectile dysfunction arises due to reduce testosterone production to overcome this testosterone replacement therapy is used to improve the problem.This growth is primarily driven by Increasing prevalence of hypogonadism in adult men and The need for having an offspring amongst men.
Globally, a noticeable market trend is evident Increasing awareness about testosterone substitute therapy. Major Players, such as AbbVie Inc. (United States), Endo International (Ireland), Eli Lilly and Company (United States), Pfizer (United States), Bayer (Germany), Actavis (Allergan) (United States), Novartis (Switzerland), Teva (Israel), Ferring Pharmaceuticals (Switzerland), Kyowa Kirin (Japan) and Mylan (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Ferring Pharmaceuticals and Merck, known as MSD outside the United States and Canada, through its Merck for Mothers initiative, today announced the completion of CHAMPION (Carbetocin Haemorrhage Prevention), the world’s largest clinical trial in postpartum hemorrhage, is being undertaken to compare the effectiveness and safety of heat-stable carbetocin to oxytocin in the prevention of postpartum hemorrhage after vaginal births.
Market Drivers
- Increasing prevalence of hypogonadism in adult men
- The need for having an offspring amongst men
Market Trend
- Increasing awareness about testosterone substitute therapy
Restraints
- High possibility of side effects related to testosterone replacement therapy
Opportunities
Increasing investment on infrastructure in developing countries
Challenges
Risk of developing cardiovascular diseases and Risk of prostate cancer
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Testosterone Replacement Therapy Study Sheds Light on
The Testosterone Replacement Therapy Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Testosterone Replacement Therapy industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Testosterone Replacement Therapy industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.