About Hormone Replacement Therapy
The global Hormone Replacement Therapy market is expected to witness high demand in the forecasted year due to a rise in the number of people suffering from hormonal imbalance disorders. Hormone Replacement Therapy is the most adopted treatment method mainly used in oral medication is the most effective. Owing to the innovation in various technologies, patients are switching from conventional treatments to specialized hormone replacement therapy treatments as the results are more effective. Additionally, Hormone replacement therapy includes estrogen replacement therapy, growth hormone replacement therapy, thyroid hormone replacement therapy, testosterone hormone replacement therapy. These factors mentioned above boost the growth of the global market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.17% |
The global Hormone Replacement Therapy market is highly competitive. to survive in the competitive market, key players adopted advanced healthcare technology for improved healthcare services. Furthermore, in order to retain market share and diversify its product portfolio, major players often adopt strategies such as mergers, acquisitions, and new product launches. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Hormone Replacement Therapy 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.
F. Hoffmann-La Roche AG (Switzerland), Merck Serono (Germany), Novartis International AG (Switzerland), Novo Nordisk A/S (Denmark), Pfizer Inc. (United States), Abbott Laboratories (United States), ANI Pharmaceuticals (United States), Eli Lilly and Company (United States) and Hisamitsu Pharmaceutical Co., Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Merck & Co., Inc. (United States) and Mylan N.V.(United States).
Segmentation Overview
AMA Research has segmented the market of Global Hormone Replacement Therapy market by Type (Estrogen replacement therapy, Growth hormone replacement therapy, Thyroid Hormone Replacement Therapy and Testosterone Hormone Replacement Therapy), Application (Oral, Parenteral and Transdermal) and Region.
On the basis of geography, the market of Hormone Replacement Therapy 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).
Influencing Trend:
Technological Advancements in the Field of Drug Delivery Systems
Market Growth Drivers:
Rising Incidences of Hormonal Imbalance Disorders and Increases the Range of Menopausal Window
Challenges:
Lack of Awareness in Underdeveloped Countries and Side Effects of Therapies
Restraints:
High Cost of Therapies
Opportunities:
Rising Awareness among the Consumers and Increasing Focus of Healthcare Providers on the Eradication of Hormonal Deficiencies
Market Leaders and their expansionary development strategies
In June 2023, Pfizer Inc. announced that DUAVEE® (conjugated estrogens/bazedoxifene), an estrogen-based menopause hormone therapy, is now back in stock in the United States, with improved packaging, following a voluntary recall. The recall was due to an issue with the packaging and was not based on any efficacy or safety concerns with the product itself.
In September 2023, LifeMD, Inc. a leading provider of virtual primary care services, today launched a partnership with ASCEND Therapeutics, Inc. a subsidiary of Besins Healthcare and a specialty pharmaceutical company concentrating on women's health, to provide integrated telehealth services to improve access to EstroGel
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
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.