Press release
Hormone Therapy Market: Strong Growth Driven by Advanced Medicine and Progressive Trends
Hormone Therapy Market Size
What Is The Projected Market Size Of The Global Hormone Therapy Market And Its Growth Rate?
The hormone therapy market is witnessing a robust growth as
• The market expanded from $19.7 billion in 2024 to projected $21.1 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%.
• This significant growth in the recent years is attributed to advancements in medical technology, the revolution in women's health, increased awareness and education, and evolving healthcare practices.
• Looking ahead, the forecast predicts the market to soar to $28.46 billion by 2029, with a CAGR of 7.8%. This is due to factors including personalized healthcare approaches, aging population dynamics, further developments in women's health, focus on wellness and longevity, and regulatory advancements.
What Is Driving The Growth In The Hormone Therapy Market?
A significant increase in the incidences of hormone imbalance disorders is driving the growth of the hormone therapy market. Hormone imbalance refers to exorbitant or insufficient production of certain hormones in the body, leading to disorders like hypothyroidism, hypogonadism, and growth hormone deficiency. Hormone therapies such as estrogen replacement, testosterone replacement, and insulin therapy are effective treatment methods used for these imbalances. According to a 2022 report published by London Medical Laboratory, there has been a 19% increase in people suffering from hormone imbalances compared to two years earlier. This surge in the incidence of hormone imbalance disorders propels the growth of the hormone therapy market going forward.
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Who Are the Key Players Driving Hormone Therapy Market Growth?
• Abbott Laboratories
• Bayer AG
• Eli Lilly and Company
• F. Hoffmann-La Roche
• Merck KGaA
• Mylan NV
• Novartis AG
• Novo Nordisk AS
• Pfizer Inc.
• Abbvie Inc.
• Teva Pharmaceutical Industries Ltd.
• Perrigo Company Plc.
• Cipla Inc.
• Lupin Limited
• Sun Pharmaceuticals Industries Ltd.
• Hikma Pharmaceuticals PLC.
What Are The Key Trends In The Hormone Therapy Market?
Key trends observed in the hormone therapy market include:
• Regulatory changes and guidelines
• Changing lifestyles and stress
• Research and development
• Expanding awareness and education
What Are The Segments Of The Global Hormone Therapy Market?
1) By Therapy: Estrogen Hormone Replacement, Growth Hormone Replacement, Thyroid Hormone Replacement, Testosterone Replacement
2) By Route Of Administration: Oral, Parenteral, Other Routes Of Administration
3) By Indication: Menopause, Hypothyroidism, Growth Hormone Deficiency, Other Indications
4) By Distribution Channel: Hospitals Pharmacies, Retail Pharmacies And Stores, Online Pharmacies
Which Region Leads The Hormone Therapy Market?
North America dominated the hormone therapy market in 2024. However, the report covers all major regions globally, including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Hormone Therapy Market Global Market Report?
- Market Size Analysis: Analyze the Hormone Therapy Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hormone Therapy Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hormone Therapy Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hormone Therapy Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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