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Drugs For Hormonal Replacement Therapy Market Analysis, Trends, Growth, Research And Forecast 2033
Drugs For Hormonal Replacement Therapy Market
The Business Research Company's Drugs For Hormonal Replacement Therapy Global Market Report 2024 identifies the increasing population of aging and postmenopausal women as the major driver for the drugs for hormonal replacement therapy market's growth in the forecast period. Hormonal replacement therapy drugs such as estrogen, progesterone, and others are used to treat medical conditions caused by menopausal conditions. For instance, in February 2021, according to the United Nations Economic and Social Commission for Asia and the Pacific, a Thailand-based regional commission, over half of the people who are over 65 are women, making up over 9% of the total population. By 2050, this percentage is projected to nearly double to more than 18%. From 1.7% to 4.9% of the population, the proportion of people over 80 will almost treble, with women making up over 60% of this group. There are a number of factors that could make older women more vulnerable than older men. According to the European Menopause and Andropause Society (EMAS) report, women aged over 60 are expected to reach over 1 billion by 2050. In South Korea, the female population is expected to exceed the male population by 2060, out of which 59.6% of the female population is expected to suffer from postmenopausal symptoms. Thus, the growing female population suffering from menopausal symptoms and the aging population drive the growth of drugs for hormonal replacement therapy market
The drugs for hormonal replacement therapy market size has grown strongly in recent years. It will grow from $12.99 billion in 2023 to $13.77 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to aging population, increasing awareness, lifestyle factors, regulatory approvals, market globalization.
The drugs for hormonal replacement therapy market size is expected to see strong growth in the next few years. It will grow to $16.82 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to rising incidence of hormonal disorders, healthcare infrastructure, increasing health consciousness, patient education and empowerment. Major trends in the forecast period include technological advancements, personalized medicine, research and development, personalized hormone therapy, alternative delivery methods, combination therapies, telemedicine and telehealth, digital health solutions.
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Major competitors in the drugs for hormonal replacement therapy market are Novartis AG, Bayer AG, Pfizer Inc., Novo Nordisk AS, Eli Lilly and Company, Abbott Laboratories, Mylan N.V., Merck & Co., Hisamitsu Pharmaceutical Co. Inc., Teva Pharmaceutical Industries Ltd., F. Hoffmann-La Roche Ltd., Noven Pharmaceuticals Inc., Orion Pharma AB, Allergan PLC, QuatRx Pharmaceuticals, Wyeth Ltd., Amgen Inc., Genentech USA Inc., TherapeuticsMD Inc., Viatris Inc., AbbVie Inc., GlaxoSmithKline PLC, Sanofi S.A., Johnson & Johnson Services Inc., AstraZeneca PLC, Bristol-Myers Squibb Company, Boehringer Ingelheim International GmbH, Takeda Pharmaceutical Company Limited
A key trend in the drugs for hormonal replacement therapy market includes technological advancement. Major companies operating in the drugs for hormonal replacement therapy market are increasing their focus on introducing novel medicines such as VEOZAH to maximize revenue in the market. VEOZAH is a non-hormonal medication approved by the FDA for the treatment of moderate to severe vasomotor symptoms (VMS) due to menopause, specifically targeting hot flashes and night sweats. For instance, in May 2023, Astellas Pharma Inc., a Japan-based pharmaceutical company, received approval from the United States Food and Drug Administration (FDA) for VEOZAH for the treatment of moderate to severe vasomotor symptoms (VMS) due to menopause. Veozah is a non-hormonal medication that prevents menopausal hot flashes and night sweats. It is the first neurokinin 3 (NK3) receptor antagonist approved by the FDA to treat moderate to severe hot flashes from menopause.
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The drugs for hormonal replacement therapy market is segmented -
• By Therapy Type: Estrogen Replacement Therapy, Human Growth Hormone (HGH) Replacement Therapy, Thyroid Replacement Therapy, Testosterone Replacement Therapy
• By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
• By Application: Hypothyroidism, Male Hypogonadism, Growth Hormone Deficiency, Menopause, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the drugs for hormonal replacement therapy market.
The Business Research Company's "Global Drugs For Hormonal Replacement Therapy Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Drugs For Hormonal Replacement Therapy Market Include:
1. Executive Summary
2. Drugs For Hormonal Replacement Therapy Market Characteristics
3. Drugs For Hormonal Replacement Therapy Market Trends And Strategies
4. Drugs For Hormonal Replacement Therapy Market - Macro Economic Scenario
5. Global Drugs For Hormonal Replacement Therapy Market Size and Growth
……
31. Global Drugs For Hormonal Replacement Therapy Market Competitive Benchmarking
32. Global Drugs For Hormonal Replacement Therapy Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Drugs For Hormonal Replacement Therapy Market
34. Drugs For Hormonal Replacement Therapy Market Future Outlook and Potential Analysis
35. Appendix
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