Global hormone replacement therapy market is expected to reach USD
28.4 million by 2022, according to a new report by Grand View Research, Inc.
Increasing geriatric and neonatal population base, growing cases of hormonal
imbalances, and large presence of unmet healthcare needs in emerging economies
are some vital impact rendering drivers.
Estrogen replacement therapy dominated the market in 2015. Moreover, the
rising number of women reaching the menopausal age is expected to drive the
demand for these treatments over the forecast period.
Furthermore, rise in premature births that lead to genital disorders and
slower rate of growth in these neonates are anticipated to fuel the demand for
growth hormone therapy. According to statistics provided by the CDC, over 15
million babies were born preterm in 2014 annually. This number is anticipated
to rise over the next seven years and become a leading cause for disabilities,
illnesses, arrested development, and mortality.
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summary of this report @
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http://www.grandviewresearch.com/industry-analysis/hormone-replacement-therapy-market
North America hormone replacement therapy market share, by product, 2012-2022 (USD Million)
Further key findings from the study suggest:
· The parenteral route of administration is commonly used for delivery of drugs such as Nutropin, Signifor, Genotropin, and Tev-Tropin. Other routes such as pen-based delivery systems and implants are gaining popularity owing to higher patient comfort and ease-of-use. Furthermore, technological advancements in the field providing higher bioavailability of drug and needle-free administration are predicted to positively impact growth.
· Menopause and their vasomotor symptoms are expected to be the most prevalent disease over the forecast period owing to increasing number of women approaching the menopausal age. The segment is predicted to hold about 40.0% of the market share by 2022.
· North America, particularly the U.S. dominated the market and held about 35.0% of the total revenue in 2015. Existence of well-regulated healthcare system and presence of a large pool of target population are a few factors that promote growth. Countries such as South Africa, China, India, and Brazil are anticipated to witness lucrative growth over the forecast
period, with China predicted to have the fastest growth of over 10.0%.
· Some key companies catering to hormone replacement therapies include Pfizer, Inc., Merck Serono, Novo Nordisk, Eli Lilly, Bayer Healthcare, Mylan Laboratories, Amgen, Novartis, and Genentech. Introduction of new formulations and development of innovative drug delivery systems are expected to be a few initiatives taken by these players over the forecast period.
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Grand View Research has segmented the hormone replacement therapy market on
the basis of product, route of administration, disease type, and region
Hormone Replacement Therapy Market Product Outlook (Revenue, USD
Million, 2012 – 2022)
·
Estrogen Replacement Therapy
·
Human Growth Hormone Replacement Therapy
·
Thyroid Replacement Therapy
·
Other
Hormone Replacement Therapy Market Route Of Administration Outlook
(Revenue, USD Million, 2012 – 2022)
·
Oral
·
Parenteral
·
Transdermal
·
Other
Hormone Replacement Therapy Market Type Of Disease Outlook (Revenue,
USD Million, 2012 – 2022)
·
Menopause
·
Hypothyroidism
·
Male Hypogonadism
·
Growth Hormone Deficiency
·
Other
Hormone Replacement Therapy Market Regional Outlook (Revenue, USD
Million, 2012 – 2022)
·
North America
·
U.S.
·
Canada
·
Europe
·
UK
·
Germany
·
Asia Pacific
·
Japan
·
China
·
Latin America
·
Brazil
·
Mexico
·
MEA
·
South Africa
·
Saudi Arabia
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