The Global Hormone Replacement Therapy Market Assessed to Attain $32.34 Billion in Revenue by 2028

A recent study by Triton Market Research titled 'Global Hormone Replacement Therapy Market' consists of the Global Analysis and Forecasts by Type of Disease (Growth Hormone Deficiency, Male Hypogonadism, Hypothyroidism, Menopause, Other Type of Diseases), Route of Administration (Oral, Parenteral, Transdermal, Other Routes of Administration), Therapy Type (Human Growth Hormone Replacement Therapy, Progestogen Hormone Replacement Therapy, Testosterone Hormone Replacement Therapy, Estrogen Hormone Replacement Therapy, Thyroid Hormone Replacement Therapy), and by Geography (North America, Europe, Latin America, Middle East and Africa, Asia-Pacific).

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Triton's report predicts the global hormone replacement therapy market is set to develop at a CAGR of 7.75% during the projected period of 2021-2028. It is further projected to display revenue worth $32.34 billion by 2028.

Hormone replacement therapy helps alleviate the symptoms of several types of diseases, such as menopause, hypothyroidism, and male hypogonadism.

The growing awareness relating to health problems during menopause, high occurrence of hormonal diseases, and new product launches are major elements widening the scope and growth of the hormone replacement therapy market. For instance, several prominent players are launching new products to gain a competitive edge. For example, Abbott launched Estrabet gel for menopause in the global market, expanding its product portfolio. This, in turn, opened new avenues for the market's growth. However, the high cost of hormone replacement therapy and adverse effects of the treatment are restraints obstructing the hormone replacement therapy market's expansion.

The market for hormone replacement therapy is broadly divided into type of disease, route of administration, and therapy type. The type of disease segment is categorized into growth hormone deficiency, male hypogonadism, hypothyroidism, menopause, and other type of diseases. Based on the route of administration is branched into oral, parenteral, transdermal, and other routes of administration. Lastly, therapy type is sectioned into human growth hormone replacement therapy, progestogen hormone replacement therapy, testosterone hormone replacement therapy, estrogen hormone replacement therapy, and thyroid hormone replacement therapy.

North America is dominating the hormone replacement therapy market globally. The market's progress is mainly because of a well-developed healthcare infrastructure for hormone replacement therapy. Along with this, the proper implementation of rules pertaining to the hormone adds to the market's growth.

Furthermore, the new drug development, as well as innovations for human growth hormone and testosterone therapies, are driving the hormone replacement therapy market on a growth path.

Eli Lilly & Company, Teva Pharmaceutical Industries Ltd, Viatris Inc (Mylan NV), Abbott Laboratories, Bayer AG, Noven Pharmaceuticals Inc, Novo Nordisk A/S, Dr Reddy's Laboratories Ltd, ANI Pharmaceuticals, Novartis AG, Genentech Inc, Ipsen, Merck KGAA, Amgen, and Pfizer Inc are prominent companies thriving in the hormone replacement therapy market.

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Question & Answer: Hormone Replacement Therapy Market

Question 1: What major elements are widening the scope and growth of the hormone replacement therapy market?
Answer: The growing awareness relating to health problems during menopause, high occurrence of hormonal diseases, and new product launches are major elements widening the scope and growth of the hormone replacement therapy market. For instance, several prominent players are launching new products to gain a competitive edge. For example, Abbott launched Estrabet gel for menopause in the global market, expanding its product portfolio. This, in turn, opened new avenues for the market's growth.

Question 2: What restraints are obstructing the hormone replacement therapy market's expansion?
Answer: The high cost of hormone replacement therapy and adverse effects of the treatment are restraints obstructing the hormone replacement therapy market's expansion.

Question 3: Which region is dominating the activated carbon market?
Answer: North America is dominating the hormone replacement therapy market globally. The market's progress is mainly because of a well-developed healthcare infrastructure for hormone replacement therapy. Along with this, the proper implementation of rules pertaining to the hormone adds to the market's growth.

Furthermore, the new drug development, as well as innovations for human growth hormone and testosterone therapies, are driving the hormone replacement therapy market on a growth path.

Question 4: Which are the prominent companies thriving in the hormone replacement therapy market?
Answer: Eli Lilly & Company, Teva Pharmaceutical Industries Ltd, Viatris Inc (Mylan NV), Abbott Laboratories, Bayer AG, Noven Pharmaceuticals Inc, Novo Nordisk A/S, Dr Reddy's Laboratories Ltd, ANI Pharmaceuticals, Novartis AG, Genentech Inc, Ipsen, Merck KGAA, Amgen, and Pfizer Inc are prominent companies thriving in the hormone replacement therapy market.

Related Report:
Global Injectable Drug Delivery Market - https://www.tritonmarketresearch.com/reports/injectable-drug-delivery-market#report-overview

The global injectable drug delivery market is evaluated to display a growth trend in its revenue during 2019-2028 at a CAGR of 8.66%. It is estimated to acquire revenue worth $43.23 billion by 2028.

Injectable drug delivery systems help directly administer medication into the body. These injections comprised syringes and hypodermic needles. Earlier, these devices were motorized to direct the drugs into an individual's body.

Factors such as the rising geriatric population and the growing occurrence of autoimmune diseases supplement the growth of the reviewed market. In addition, the rise in healthcare spending, paired with novel injectable system development, creates several new opportunities for the market to leverage to reach its anticipated growth.

However, the high cost of manufacturing these systems significantly weighs down the injectable drug delivery market's future growth.

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