Hormone replacement therapy, also known as menopausal hormone therapy or postmenopausal hormone therapy is a form of hormone therapy used to treat symptoms associated with female menopause. Increased prevalence of menopausal disorders, in the developing countries, and increased prevalence of hormonal diseases is also one of the major aspects, which is likely to boost the growth of the market for the estimated forecasts period.
Global Hormone Replacement Therapy Market: Key Players
The research study includes profiles of leading companies operating in the global hormone replacement therapy market. Key players profiled in the report include: Abbott Laboratories, Novartis, Pfizer, Mylan Laboratories, Merck & Co., Amgen, Novo Nordisk, Bayer, Eli Lilly, and Genetech. In 2015, Mylan Laboratories acquired Famy Care. This led to the entry of Mylan in the business of health business inclusive of the production of hormone replacement drugs for females, contraceptives, and Intra-Uterine Devices (IUD).
Drivers for the Global Hormone Replacement Therapy Market:
The rise in a number of women in menopausal age, growing patients, and the emergence of innovative drug delivery systems are driving the industry growth significantly. Rising demand in other therapeutic areas such as growth hormone therapy and thyroid hormone therapy due to comparatively safe profile, efficiency, and cost effectiveness of these drugs is expected to positively impact market growth. These are some of the major aspects, which is likely to boost the growth of the market for the estimated forecasts period.
Opportunities for the Global Hormone Replacement Therapy Market:
Some of the factors such as increasing advantages associated with the hormone replacement therapy such as reduction in risk incidence of osteoporosis, cardiovascular disease, and reduction of vasomotor symptoms are also expected to boost the growth of hormone replacement therapy market in the coming years.
Restrains for the Global Hormone Replacement Therapy Market:
Some of the factors such as increased cholesterol levels, bloating, and blood clots are likely to hinder the growth of the market for the estimated forecast period. In addition stringent regulations are also one of the major aspects which are one of the major factors, which is likely to hinder the growth of the market for the estimated forecasts period.
Region Wise, Global Hormone Replacement Therapy Market Analysis:
North America anticipated having the largest share in the market. This can be attributed to the increased healthcare expenditure and increasing use of hormone replacement therapy among patients aged 35 years and over. The availability of compounded drugs i.e. drugs in varied strengths, dosage forms, is a major factor, which tends to boost the revenue growth of this extremely popular treatment market. In addition, onset of aging coupled with rising disposable income levels are other important factors boosting the market revenue growth.
Global Hormone Replacement Therapy Market: Product Analysis
- Estrogen and Combination Replacement
- Thyroid Replacement
- Growth Replacement
- Testosterone
Global Hormone Replacement Therapy Market: Application analysis
- Menopause
- Hypothyroidism
- Male Hypothyroidism
- Growth Hormone deficiency
Global Hormone Replacement Therapy Market: Region Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- ASEAN
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Colombia
- Rest of L.A.
- Middle East and Africa
- Turkey
- GCC
- UAE
- South Africa
- Rest of Middle East
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