Product Code: 978-1-68038-784-1
Hormone Replacement Therapy Market Growth & Trends:
The global hormone replacement therapy market is expected to reach USD 35.79 billion by 2030, according to a new study by Grand View Research, Inc. expanding at a CAGR of 6.4% from 2022 to 2030. The growth in the hormone replacement therapy market is largely attributable to the rising prevalence of hormonal disorders coupled with technological advancements in drug delivery systems. According to the National Organization of Rare Diseases, there are around 70,000 people with hypoparathyroidism in the U.S.
Technological advancements to minimize the side effects and enhance drug bioavailability are expected to boost the market growth. Due to better bioavailability, the treatment frequency increases. Products such as NGENLA, which is used to treat growth hormone deficiency, require a once-a-week dosage, which ensures better patient compliance. Furthermore, improvement in the route of administration is expected to boost the adoption of products. For instance, intranasal estrogen medication such as Nafarelin is comparatively more compliant in women than the conventional method.
Companies are taking initiatives such as collaboration, partnership, and agreement to expand their business footprint and generate revenue. For instance, in September 2021, Merck & Co., Inc. entered into an agreement with BIOCORP, a French company, for the development and distribution of the HGH monitoring device, Mallya. It is used to monitor and track daily HCG treatment. Such strategies are anticipated to propel the market growth during the forecast period.
Moreover, the launch of new hormone replacement therapy medicines in the market is anticipated to drive market growth. For instance, in November 2021, Fuji Pharma Co, Ltd. announced the launch of F-meno (100 mg capsule) for the prevention of endometrial hyperplasia on the administration of estrogen drugs for menopausal disorders. F-memo is an orally administered drug and is included in Japan's National Health Insurance Drug Price list. This initiative may boost the prescription rate for hormone replacement therapy drugs, thereby driving the market growth.
However, severe adverse effects act as key restraints for market growth. The FDA has identified certain drugs in estrogen therapy that can cause adverse reactions and increase the risk of cancer in women. Premarin and Prempro, manufactured by Pfizer, are found to be associated with inducing cancer.
Hormone Replacement Therapy Market Highlights:
- Based on the product, the estrogen & progesterone replacement therapy segment dominated the market in 2021 and is estimated to maintain its dominance during the forecast period due to high demand due to the increasing number of women reaching menopause
- Parathyroid hormone replacement therapy is anticipated to witness the fastest growth during the forecast period due to the rising adoption of hormone replacement for the treatment of hypoparathyroidism
- Based on the route of administration, the oral segment dominated the market in 2021 owing to the high prescription rate. Around 120 million prescriptions of Levothyroxine sodium tablets are being dispensed annually in the U.S
- Parenteral is expected to witness the fastest growth. The development and approval of long-acting products are expected to boost segment growth. For instance, in October 2021, Pfizer, Inc. received approval for its NGENLA (somatrogon), a once-a-week long-acting recombinant human growth hormone, from Health Canada for the treatment of a patient with growth hormone deficiency
- Menopause disease type segment dominated the market in 2021 due to the rising number of women in the age group of 45 to 60 years and increasing incidence of vasomotor symptoms that may lead to severe conditions, such as osteoporosis, which are projected to fuel market growth
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation
- 1.1.1 Estimates and Forecast Timeline
- 1.2 Research Methodology
- 1.3 Information procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Primary Research
- 1.3.5 Details of Primary Research
- 1.4 Information or Data Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Validation
- 1.6 Model Details
- 1.6.1 Commodity Flow Analysis
- 1.6.1.1 Approach 1: Commodity Flow Approach
- 1.6.1.2 Approach 2: Country-wise market estimation using bottom-up approach
- 1.7 Global Market: CAGR Calculation
- 1.8 Research Assumptions
- 1.9 List of Secondary Sources
- 1.10 List of Primary Sources
- 1.11 List of Abbreviations
- 1.12 Objectives
- 1.12.1 Objective 1
- 1.12.2 Objective 2
- 1.12.3 Objective 3
- 1.12.4 Objective 4
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends, & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Outlook
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Regulatory and Reimbursement Framework
- 3.4 Market Variable Analysis
- 3.4.1 Market driver analysis
- 3.4.1.1 Rising prevalence of hormonal disorders and increasing number of patients undergoing hormone replacament therapy
- 3.4.1.2 Technological developments in drug delivery systems
- 3.4.1.3 Increasing R&D investments and rising awareness about hormone deficiency
- 3.4.2 Market restraint analysis
- 3.4.2.1 High cost of treatment
- 3.4.2.2 Risk of side effects
- 3.5 Industry Analysis Tools
- 3.5.1 Porter's five forces analysis
- 3.6 Industry Analysis Tools
- 3.7 Pipeline Analysis
Chapter 4 Hormone Replacement Therapy Market - Segment Analysis, by Product Type, 2018 - 2030 (USD Billion)
- 4.1 HRT Market: Product Movement Analysis
- 4.2 Estrogen & Progesterone Replacement Therapy
- 4.2.1 Estrogen & Progesterone replacement therapy market, 2018 - 2030 (USD Billion)
- 4.3 Human Growth Hormone (HGH) Replacement Therapy
- 4.3.1 HGH replacement therapy market, 2018 - 2030 (USD Billion)
- 4.4 Thyroid Hormone Replacement Therapy
- 4.4.1 Thyroid hormone replacement therapy market, 2018 - 2030 (USD Billion)
- 4.5 Testosterone Replacement Therapy
- 4.5.1 Testosterone replacement therapy market, 2018 - 2030 (USD Billion)
- 4.6 Parathyroid Hormone Replacement
- 4.6.1 Parathyroid Hormone Replacement market, 2018 - 2030 (USD Billion)
Chapter 5 Hormone Replacement Therapy Market - Segment Analysis, by Route of Administration, 2018 - 2030 (USD Billion)
- 5.1 HRT Market: Route of Administration Movement Analysis
- 5.2 Oral
- 5.2.1 Oral market, 2018 - 2030 (USD Billion)
- 5.3 Parenteral
- 5.3.1 Parenteral market, 2018 - 2030 (USD Billion)
- 5.4 Transdermal
- 5.4.1 Transdermal market, 2018 - 2030 (USD Billion)
- 5.5 Others
- 5.5.1 Others market, 2018 - 2030 (USD Billion)
Chapter 6 Hormone Replacement Therapy Market - Segment Analysis, by Disease Type, 2018 - 2030 (USD Billion)
- 6.1 HRT Market: Disease Type Movement Analysis
- 6.2 Menopause
- 6.2.1 Menopause market, 2018 - 2030 (USD Billion)
- 6.3 Hypothyroidism
- 6.3.1 Hypothyroidism market, 2018 - 2030 (USD Billion)
- 6.4 Male Hypogonadism
- 6.4.1 Male Hypogonadism market, 2018 - 2030 (USD Billion)
- 6.5 Growth Hormone Deficiency
- 6.5.1 Growth Hormone Deficiency market, 2018 - 2030 (USD Billion)
- 6.6 Hypoparathyroidism
- 6.6.1 Hypoparathyroidism, 2018 - 2030 (USD Billion)
Chapter 7 Hormone Replacement Therapy Market - Segment Analysis, By Region, 2018 - 2030 (USD Billion)
- 7.1 Hormone Replacement Therapy Market, Market Share by Region, 2021 & 2030
- 7.1.1 North America
- 7.1.1.1 North America market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.1.2 U.S.
- 7.1.1.2.1 U.S. market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.1.3 Canada
- 7.1.1.3.1 Canada market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.2 Europe
- 7.1.2.1 Europe market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.2.2 UK
- 7.1.2.2.1 UK market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.2.3 Germany
- 7.1.2.3.1 Germany market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.2.4 France
- 7.1.2.4.1 France market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.2.5 Spain
- 7.1.2.5.1 Spain market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.2.6 Italy
- 7.1.2.6.1 Italy market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.3 Asia-Pacific
- 7.1.3.1 Asia-Pacific market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.3.2 Japan
- 7.1.3.2.1 Japan market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.3.3 China
- 7.1.3.3.1 China market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.3.4 India
- 7.1.3.4.1 India market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.3.5 Australia
- 7.1.3.5.1 Australia market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.3.6 South Korea
- 7.1.3.6.1 South Korea market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.4 Latin America
- 7.1.4.1 Latin America market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.4.2 Brazil
- 7.1.4.2.1 Brazil market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.4.3 Mexico
- 7.1.4.3.1 Mexico market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.4.4 Argentina
- 7.1.4.4.1 Argentina market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.5 Middle East and Africa
- 7.1.5.1 Middle East and Africa market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.5.2 South Africa
- 7.1.5.2.1 South Africa market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.5.3 Saudi Arabia
- 7.1.5.3.1 Saudi Arabia market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.1.5.4 UAE
- 7.1.5.4.1 UAE market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 8 Hormone Replacement Therapy Market - Competitive Analysis
- 8.1 Major Deals and Strategic Alliances Analysis
- 8.1.1 New Product Launch
- 8.1.2 Mergers and Acquisitions
- 8.1.3 Partnerships and Strategic Collaborations
- 8.1.4 Conferences and Campaigns
- 8.2 Company Categorization
- 8.2.1 Market Differentiators
- 8.2.2 Innovators
- 8.2.3 Market Leaders
- 8.3 Vendor Landscape
- 8.3.1 List of key distributors and channel partners
- 8.3.2 Key customers
- 8.4 Heat map analysis
- 8.5 Public Companies
- 8.5.1 Key company market share analysis, 2021
- 8.5.2 Company Market Position Analysis
- 8.6 Private Companies
- 8.6.1 List of key emerging companies
- 8.6.2 Regional Network Map
- 8.7 Company Profiles
- 8.7.1 Bayer AG
- 8.7.1.1 Company overview
- 8.7.1.2 Financial performance
- 8.7.1.3 Product benchmarking
- 8.7.1.4 Strategic initiatives
- 8.7.2 Pfizer, Inc.
- 8.7.2.1 Company overview
- 8.7.2.2 Financial performance
- 8.7.2.3 Product benchmarking
- 8.7.2.4 Strategic initiatives
- 8.7.3 Merck & Co., Inc.
- 8.7.3.1 Company overview
- 8.7.3.2 Financial performance
- 8.7.3.3 Product benchmarking
- 8.7.3.4 Strategic initiatives
- 8.7.4 Viatris Inc.
- 8.7.4.1 Company overview
- 8.7.4.2 Financial performance
- 8.7.4.3 Product benchmarking
- 8.7.4.4 Strategic initiatives
- 8.7.5 Novo Nordisk A/S
- 8.7.5.1 Company overview
- 8.7.5.2 Financial performance
- 8.7.5.3 Product benchmarking
- 8.7.5.4 Strategic initiatives
- 8.7.6 Eli Lilly and Company
- 8.7.6.1 Company overview
- 8.7.6.2 Financial performance
- 8.7.6.3 Product benchmarking
- 8.7.6.4 Strategic initiatives
- 8.7.7 F. Hoffmann-La Roche Ltd. (Genentech)
- 8.7.7.1 Company overview
- 8.7.7.2 Financial performance
- 8.7.7.3 Product benchmarking
- 8.7.8 Hisamitsu Pharmaceutical Co., Inc. (Noven Pharmaceuticals, Inc.)
- 8.7.8.1 Company overview
- 8.7.8.2 Financial performance
- 8.7.8.3 Product benchmarking
- 8.7.8.4 Strategic initiatives
- 8.7.9 ASCEND Therapeutics US, LLC. (Besins Healthcare)
- 8.7.9.1 Company overview
- 8.7.9.2 Product benchmarking
- 8.7.9.3 Strategic initiatives
- 8.7.10 AbbVie Inc.
- 8.7.10.1 Company overview
- 8.7.10.2 Financial performance
- 8.7.10.3 Product benchmarking
- 8.7.10.4 Strategic initiatives