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Surge In Hormone Imbalance Disorders Fuels Growth Of Hormone Therapy Market Emerges as a Core Driver of the Hormone Therapy Market in 2025
Hormone Therapy Market
What Is the Expected CAGR for the Hormone Therapy Market Through 2025?
The size of the hormone therapy market has experienced significant growth in the past few years. It is expected to increase from $19.7 billion in 2024 to $21.1 billion in 2025, at a compound annual growth rate (CAGR) of 7.1%. The growth during the historical period can be linked to advancements in medicine, the revolution in women's health, enhanced awareness and education, clinical research and development, and evolving healthcare practices.
What's the Projected Size of the Global Hormone Therapy Market by 2029?
The market size for hormone therapy is projected to experience robust expansion in the years ahead. The market value is set to rise to $28.46 billion in 2029, marking a 7.8% compound annual growth rate (CAGR). The factors likely to boost progress in the forecast era encompass personalized treatment methodologies, demographic evolution in the elderly, redirection of women's healthcare strategies, emphasis on wellbeing and long life, and regulatory modifications. Significant trends during the projected period are regulatory alterations and instructions, lifestyle shifts and stress, research and development efforts, and rising consciousness and knowledge.
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Top Growth Drivers in the Hormone Therapy Industry: What's Accelerating the Market?
The hormone therapy market is seeing significant growth due to an increase in hormone imbalance disorders. The term hormone imbalance refers to a situation where the body either overproduces or under-produces a certain hormone. Various disorders related to hormone imbalances include growth hormone deficiency, hypothyroidism, and hypogonadism, among others. Therapies like insulin therapy, testosterone replacement, and estrogen replacement are being employed to alleviate these disorders. According to a 2022 study by London Medical Laboratory, a UK diagnostics and phlebotomy provider, there was an anticipated 19% increase in notable hormone imbalances in 2022 in comparison to two years earlier. Consequently, the uptick in hormone imbalance disorders is propelling the hormone therapy market.
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What Trends Will Shape the Hormone Therapy Market Through 2029 and Beyond?
Leading businesses in the hormone therapy market are prioritizing the development of novel solutions, including direct-to-consumer telehealth platforms for hormone therapy. This allows patients to utilize hormone therapy services remotely without needing traditional face-to-face consultations. In September 2023, for instance, LifeMD, a telehealth firm based in the US, collaborated with pharmaceutical company ASCEND Therapeutics to initiate an integrated direct-to-consumer telehealth strategy for hormone therapy, with a focus on using EstroGel (estradiol gel) to mitigate symptoms of menopause. This collaboration provides patients the ability to utilize LifeMD's telehealth services directly via the EstroGel website, paving the way for consultations with certified healthcare professionals who can prescribe the medication and coordinate home deliveries. By simplifying access to these services and targeting obstacles such as extended waiting periods, this initiative hopes to improve health results for women seeking menopause treatment.
What Are the Main Segments in the Hormone Therapy Market?
The hormone therapy market covered in this report is segmented -
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
Subsegments:
1) By Estrogen Hormone Replacement: Systemic Estrogen Therapy, Local Estrogen Therapy, Combination Estrogen-Progestin Therapy
2) By Growth Hormone Replacement: Recombinant Growth Hormones, Synthetic Growth Hormones
3) By Thyroid Hormone Replacement: Levothyroxine, Liothyronine, Natural Desiccated Thyroid
4) By Testosterone Replacement: Injectable Testosterone, Transdermal Testosterone, Oral Testosterone, Pellets
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Which Top Companies are Driving Growth in the Hormone Therapy Market?
Major companies operating in the hormone therapy market include 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., Johnsons & Johnsons Services Inc., Boehringer Ingelheim International GmbH, Sanofi S.A., AstraZeneca plc, TherapeuticsMD Inc., Amgen Inc., Genentech Inc., Dr. Reddy's Laboratories Ltd, Allergan PLC, GlaxoSmithKline plc, Bristol-Myers Squibb Company, Takeda Pharmaceutical Company Limited, Astellas Pharma Inc., Daiichi Sankyo Company Limited
Which Regions Will Dominate the Hormone Therapy Market Through 2029?
North America was the largest region in the hormone therapy market in 2024. The regions covered in the hormone therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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