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Competitive and Opportunities Analysis of Hormone Replacement Therapy Market of Hormone Replacement Therapy Market

09-08-2021 11:04 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: PROPHECY MARKET INSIGHTS

Prophecy Market Insights

Prophecy Market Insights

The global hormone replacement therapy market accounted for US$ 7.16 billion in 2020 and is estimated to be US$ 14.7 billion by 2030 and is anticipated to register a CAGR of 7.50%. Hormone replacement therapy (HRT), also known as menopausal hormone therapy or postmenopausal hormone therapy, is a form of hormone therapy used to treat symptoms associated with female menopause.These symptoms can include hot flashes, vaginal atrophy, accelerated skin aging, vaginal dryness, decreased muscle mass, sexual dysfunction, and bone loss. They are in large part related to the diminished levels of sex hormones that occur during menopause. The main hormonal medications used in HRT for menopausal symptoms are estrogens and progestogens, among which progesterone is the major naturally-occurring female sex hormone and also a manufactured medication used in menopausal hormone therapy. Though both can have symptomatic benefits, progestogen is specifically added to estrogen regimens when the uterus is still present. Unopposed estrogen therapy promotes endometrial thickening and can increase the risk of cancer, while progestogen reduces this risk. Androgens like testosterone are sometimes used as well. HRT is available through a variety of different routes.
The report " Global Hormone Replacement Therapy Market, By Therapy Type (Human Growth Hormone (HGH) Replacement Therapy, Testosterone Replacement Therapy, Thyroid Replacement Therapy, Estrogen Replacement Therapy), By Application (Growth Hormone Deficiency, Menopause, Hypothyroidism, Male Hypogonadism, and Others), By Route of Administration (Oral, Parenteral, and Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa ) - Trends, Analysis and Forecast till 2030

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https://www.prophecymarketinsights.com/market_insight/Global-Hormone-Replacement-Therapy-Market-123

Drivers:
The main considerations that contribute toward the development of the worldwide hormone replacement treatment market remember is increasing prevalence of menopausal issue and rising awareness about post-menopausal issues among ladies. Furthermore, new launch in field of hormone replacement therapy are relied upon to prominently contribute toward the market development during the forecast period. Unexpectedly, the introduction of bioidentical hormone replacement therapy treatment and utilizing telemedicine for hormone replacement treatment are relied upon to give gainful freedom to the extension of the worldwide chemical substitution treatment market soon.
Restrains:
In any case, unfavorable impacts of hormone therapy treatment and significant expense of treatment are expected to hamper the market development during the figure time frame. High costing of the hormone replacement therapy is also the reason which might hinder the market of hormone replacement therapy.

Key Highlights:
• In December 2020, US FDA approved the Myovant Sciences' Orgovyx (relugolix), which is an orally administered treatment that works by blocking the pituitary from making hormones called LH and FSH, thus resulting in the reduction within the amount of testosterone produced by the testicles. Thus, aiding within the treatment of adult patients with advanced prostatic adenocarcinoma.
• In August 2020, Bayer AG announced the acquisition of KanDy Therapeutics, Inc, which aids within the expansion of Bayer's women's drug pipeline by adding KanDy's menopause drug thereto portfolio.

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Key Market Insights from the report:
The global hormone replacement therapy market accounted for US$ 7.16 billion in 2020 and is estimated to be US$ 14.7 billion by 2030 and is anticipated to register a CAGR of 7.50%. The global hormone replacement therapy market has been segmented on the basis of therapy type, application, route of administration, distribution channel and region.
• By Therapy Type, the market is segmented into human growth hormone (HGH) replacement therapy, testosterone replacement therapy, thyroid replacement therapy, and estrogen replacement therapy.
• By Application, the market is segmented into growth hormone deficiency, menopause, hypothyroidism, male hypogonadism, and others.
• By Route of Administration, the Global Hormone Replacement Therapy Market is segmented into oral, parenteral, and others.
• By Distribution Channel, the Global Hormone Replacement Therapy Market is segmented into hospital, retail pharmacies, and online pharmacies.
• By Region, the Global Hormone Replacement Therapy Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is expected to be the largest hormone replacement therapy market.

Competitive Landscape & their strategies:
The prominent player operating in the global Hormone replacement therapy market includes, Merck KgaA, Abbott Laboratories, Eli Lilly and Company, Novartis International AG, Pfizer Inc., Bayer AG, QuatRx Pharmaceuticals, Mylan N.V., Teva Pharmaceutical Industries Ltd., Amgen, Inc., and Novo Nordisk A/S.Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.

Related Reports:
Global Bio-identical hormone replacement market

https://www.prophecymarketinsights.com/market_insight/Global-Bio-identical-hormone-replacement-Market-4712
Global Enzyme Replacement Therapy Market

https://www.prophecymarketinsights.com/market_insight/Global-Enzyme-Replacement-Therapy-Market-34

About Report:
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

Explore Extensive Coverage of Prophecy Market Insights Healthcare Industry:

Key questions answered in the report:

• What will the market growth rate of Hormone Replacement Therapy Market in 2026?
• What are the key factors driving the global Hormone Replacement Therapy Market?
• Who are the key manufacturers in Hormone Replacement Therapy Market space?
• What are the market opportunities, market risk and market overview of the Global Hormone Replacement Therapy market?
• What are sales, revenue, and price analysis of top manufacturers of Hormone Replacement Therapy Global market?
• What are sales, revenue, and price analysis by types and applications of Hormone Replacement Therapy Market?
• What are sales, revenue, and price analysis by regions of Hormone Replacement Therapy market?

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Prophecy Market Insights
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About Prophecy Market Insights
Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

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