Androgen Replacement Therapy Market Status and Trend Analysis 2017-2032 (COVID-19 Version)

From 2023 to 2032, the market for androgen replacement therapy is expected to increase at a CAGR of 3.5%, holding USD 1736.9 million in 2020. The term hormone replacement therapy is frequently used to refer to androgen replacement therapy. The effects of decreased gonad development are countered. Male hypogonadism is a clinical disease that prevents the production of physiological testosterone levels in testing. A test issue may be the main cause of the hypogonadism. A issue with the pituitary gland, the primary and secondary hypothalamus, or both is the secondary cause. Genetic abnormalities, testicular injury, orchitis, radiation therapy, or chemotherapy are the main causes of main hypogonadism.

Hormone replacement therapy for males is sometimes known as androgen replacement therapy or low testosterone therapy. It is intended to mitigate the effects of hypogonadism, which is a reduction in gonad activity. A clinical disease known as hypogonadism affects men and is characterised by the testes' inability to produce physiological quantities of testosterone. One possibility for the main cause of hypogonadism is a testicular issue. A issue with the hypothalamus, pituitary gland, or combined main and secondary causes constitutes the secondary cause. While secondary hypogonadism is brought on by genetic disorders of the pituitary gland and hypothalamus, primary hypogonadism is brought on by genetic abnormalities, testicular trauma, orchitis, radiation therapy, or chemotherapy. For the treatment of hypogonadism, testosterone injections, implants, gels, creams, and oral medicines are employed.

Global Androgen Replacement Therapy Market - Restraints
The market for androgen replacement therapy, however, could be hindered by the rising number of testosterone product recalls. For example, the U.S. subsidiary of Sun Pharmaceutical Industries Ltd. recalled more than 5,215 units of 10 ml vials of testosterone cypionate injections in the strength of 200 mg/ml from the U.S. market in August 2018. The U.S. Food and Drug Administration issued the latest enforcement report of the recall (U.S. FDA). The current voluntary countrywide recall is a Class II recall that was started as a result of a scenario, according to the U.S. FDA report. Due to the potential for transient or medically treatable negative health effects, testosterone cypionate injections were recalled.

Competitive Scenario:
Due to the presence of big competitors, the global androgen replacement treatment industry is seeing fierce market rivalry. Important businesses are also enlarging their manufacturing spaces to meet the need for androgen replacement therapy. Ferring Holding SA, Acerus Pharmaceuticals Corporation, Eli Lilly and Company, Upsher-Smith Laboratories, LLC, AbbVie, Inc., Bayer AG, Allergan Plc., Kyowa Kirin International Plc., Mylan N.V., Endo Pharmaceuticals, Inc., Pfizer, Inc., Clarus Therapeutics, Novartis International AG, and Perrigo Company Plc. are some of the major companies growing the market size.

Market estimates and forecast are backed by an extensive primary research, further complemented by on-point secondary research of Androgen Replacement Therapy Market. The research analysts have invested significant time and effort in gathering critical industry information from KIPs such as OEMs, top suppliers and distributors, and government bodies.

Androgen Replacement Therapy market is segmented by Company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Androgen Replacement Therapy market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2022-2030.

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Market Segmentations:
Global Androgen Replacement Therapy Market: By Types
Gels
Injections
Patches
Other

Global Androgen Replacement Therapy Market: By Applications
Hospitals
Clinics
Others

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Global Androgen Replacement Therapy Market: Top Key Players
AbbVie
Endo International
Eli lilly
Pfizer
Actavis (Allergan)
Bayer
Novartis
Teva
Mylan
Pfizer
Actavis (Allergan)
Kyowa Kirin

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An Overview of the Impact of COVID-19 on Market: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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