Hormone Replacement Therapy Market to Expand at a CAGR of 11.1 Over 2019-2024 - IMARC Group

Global Hormone Replacement Therapy Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Global Hormone Replacement Therapy Market Overview: The latest report by IMARC Group, titled “Hormone Replacement Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, estimated that the global hormone replacement therapy market reached a value of around US$ 4.2 Billion in 2018. Hormone replacement therapy refers to a type of treatment which involves the management of low levels of hormones, resulting from lack of secretion in the human body. It is suitable for elderly patients suffering from hypogonadism, women in menopausal transition and patients with deficiency of growth hormone. HRT is considered to be a more efficacious treatment in comparison to its alternatives such as chemical drugs, herbal medicines, etc. However, there are some harmful effects of HRT such as indigestion, nausea, fluid retention, swelling etc. Prolonged consumption of HRT drugs may also increase the risk of blood clots.

Hormone Replacement Therapy Market Trends A rise in the prevalence of hormonal imbalance disorders in neonatal as well as elderly population is the major growth-inducing factor for the market. Apart from this, HRT is considered to be effective in treating the symptoms of menopause like night sweats, vaginal dryness, hot flashes and sexual function.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Further, advancements in technology, such as the introduction of transdermal drug delivery and new gel-based formulations, along with an increasing awareness among the consumers, direct selling campaigns by the players, population aging and sedentary lifestyles are some of the other drivers boosting the demand for hormone replacement therapy. Looking forward, the market is projected to reach a value of US$ 6.3 Billion by 2024, projecting a CAGR of 7% during 2019-2024.

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Moreover, HRT helps in improving the quality of life and minimizes the risk of cardiovascular diseases, colorectal cancer, vasomotor symptoms and osteoporosis.

For more information, click here: https://www.imarcgroup.com/hormone-replacement-therapy-market Key Market Segmentation: Market Segmentation by Product Type • • • • •

Estrogen Replacement Therapy Human Growth Hormone Replacement Therapy Thyroid Replacement Therapy Testosterone Replacement Therapy Others

The market has been segregated on the basis of product type into estrogen replacement therapy, human growth hormone replacement therapy, thyroid replacement therapy and testosterone replacement therapy. Amongst these, estrogen replacement therapy holds the largest market share.

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Market Segmentation by Administration • • •

Oral Parenteral Transdermal

Based on the route of administration, parenteral represents the leading segment, accounting for the majority of the market share. It is followed by oral and transdermal methods.

Market Segmentation by Type of Disease • • • • •

Menopause Hypothyroidism Male Hypogonadism Growth Hormone Deficiency Others

On the basis of disease, the report has divided the market into hypothyroidism, menopause, male hypogonadism and growth hormone deficiency. Currently, menopause accounts for the largest share.

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Report Description Market Segmentation by Region • • • • •

Asia Pacific Europe North America Middle East and Africa Latin America

Regio-wise, North America represents the biggest market for hormone replacement therapy. It is followed by Europe, Asia Pacific, Middle East and Africa, and Latin America.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • •

Abbott Bayer AG Eli Lilly & Company

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Roche Hisamitsu Pharmaceutical Co. Inc. Merck Mylan NV Novartis AG Novo Nordisk A/S Pfizer Inc

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