Hormone Replacement Therapy Market Size Worth $39.6 Billion By 2027: Grand View Research, Inc.
SAN FRANCISCO, May 19, 2020 /PRNewswire/ -- The global hormone replacement therapy market size is expected to reach USD 39.6 billion by 2027, expanding at a CAGR of 7.7%, according to a new report by Grand View Research, Inc. A significant rise in the incidence rate of hormonal disorders in the newborns, adults, and elderly and populations is driving the market. The Prader-Willi syndrome (PWS) affects one in every 15,000 newborns, thereby boosting the demand for the therapy.
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Key suggestions from the report:
-- The estrogen replacement therapy segment dominated the overall market in
terms of revenue share in the year 2019. On the other hand, the
parenteral segment is likely to showcase the fastest growth rate over
the forecast period from 2020 to 2027, owing to the rising number of
hormonal disorders
-- Menopause is likely to showcase the fastest growth rate over the
forecast period. Women are vulnerable to certain diseases and conditions
such as osteoporosis and hot flashes during and after menopause. About
73% of postmenopausal women suffer from hot flashes
-- North America dominated the overall hormone replacement therapy market
in terms of revenue share in the year 2019. The increase in the
incidence rate of hypogonadism due to a rise in obesity and poor health
in the geriatric population drive the market. According to the American
Academy of Family Physicians, more than 2.5 million Americans received
testosterone treatment in U.S alone in 2014
-- Some of the key players in this market are Abbott Laboratories;
Novartis; Pfizer, Inc.; Mylan Laboratories; Merck and Co.; Novo Nordisk;
Bayer Healthcare; Eli Lilly; and Genentech.
Read 100 page research report with ToC on "Hormone Replacement Therapy Market Size, Share & Trends Analysis Report By Product (Estrogen, Human Growth), By Route Of Administration (Oral, Parenteral), By Type Of Disease, By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/hormone-replacement-therapy-market
Estrogen replacement hormone therapy helps in reducing the vaginal indications of menopause, such as dryness, burning, itching, and pain during intercourse. Estrogen is available in the forms of pill, gel, skin patch, cream or spray form. It is highly successful for treating problematic menopausal night sweats and hot flashes. Around 45% of women between the ages of 40 to 60 years of age were reported taking counseling sessions from a physician regarding the advantages and disadvantages of using hormone replacement therapy (HRT) after menopause.
Growing awareness about menopausal signs and the treatment options is growing the HRT market. Owing to the significant development for ERT, there has been an initiation of very safe treatment options for the patients situated in various geographies of the world. For example, augmentation of innovative drug delivery systems like transdermal estrogen patches and vaginal estrogen drugs.
Grand View Research has segmented the global hormone replacement therapy market based on product, route of administration, type of disease, and region:
-- Hormone Replacement Therapy Product Outlook (Revenue, USD Million, 2016
- 2027)
-- Estrogen Hormone Replacement Therapy
-- Human Growth Hormone Replacement Therapy
-- Thyroid Hormone Replacement Therapy
-- Testosterone Hormone Replacement Therapy
-- Hormone Replacement Therapy Route of Administration Outlook (Revenue,
USD Million, 2016 - 2027)
-- Oral
-- Parenteral
-- Transdermal
-- Others
-- Hormone Replacement Therapy Type of Disease Outlook (Revenue, USD
Million, 2016 - 2027)
-- Menopause
-- Hypothyroidism
-- Male Hypogonadism
-- Growth Hormone Deficiency
-- Others
-- Hormone Replacement Therapy Regional Outlook (Revenue, USD Million, 2016
- 2027)
-- North America
-- U.S.
-- Canada
-- Europe
-- U.K.
-- Germany
-- Asia Pacific
-- India
-- China
-- Latin America
-- Brazil
-- Mexico
-- Middle East & Africa
-- Saudi Arabia
-- South Africa
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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SOURCE Grand View Research, Inc.
