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Hormone Replacement Therapy Market to Reach $46.50 Bn, Globally, by 2027 at 5.1% CAGR: Allied Market Research

- Rise in Prevalence of menopausal disorder, increasing awareness about post-menopausal issues among women, and new launches of hormone replacement therapy fuel the growth of the global hormone replacement therapy market.

PORTLAND, Ore., March 1, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Hormone Replacement Therapy Market by Therapy Type (Estrogen Hormone Replacement Therapy, Human Growth Hormone Replacement Therapy, Thyroid Hormone Replacement Therapy, Testosterone Hormone Replacement Therapy, and Progestogen Hormone Replacement Therapy), Route of Administration (Oral, Parenteral, and Others), and Indication (Menopause, Hypothyroidism, Male Hypogonadism, Growth Hormone Deficiency, and Others): Global Opportunity Analysis and Industry Forecast 2020-2027." According to the report, the global hormone replacement therapy industry was estimated at $31.06 billion in 2019, and is anticipated to hit $46.50 billion by 2027, registering a CAGR of 5.1% from 2020 to 2027.

Allied Market Research

Download Sample Report at: https://www.alliedmarketresearch.com/request-sample/9873

Drivers, restraints, and opportunities-

Rise in prevalence of menopausal disorder, increasing awareness about post-menopausal issues among women, and new launches of hormone replacement therapy fuel the growth of the global hormone replacement therapy market. On the other hand, certain adverse effects of hormone replacement therapy and high cost of treatment impede the growth to some extent. However, emergence of telemedicine for hormone replacement therapy is expected to pave the way for lucrative opportunities in the industry.

Covid-19 scenario-

  • Fertility treatment, post menopause, has been affected during the pandemic, due to the evidence suggesting that falling estrogen levels could leave older women at heightened risk from the disease and the possibility that hormone withdrawal may speed up the progression of the virus in body. This factor has impacted the global hormone replacement therapy market negatively.
  • Also, implementation of lockdown, during the initial phase, has also been detrimental to the growth of the market.
  • However, things have started getting normalized yet again and the market is anticipated to revive soon.

The estrogen hormone replacement therapy segment to dominate by 2027-

Based on therapy type, the estrogen hormone replacement therapy segment contributed to more than two-fifths of the global hormone replacement therapy market share in 2019, and is expected to rule the roost by the end of 2027, owing to rise in use of estradiol products in women during post-menopause. The human growth hormone replacement therapy segment, on the other hand, would register the fastest CAGR of 7.1% during the forecast period.

Enquiry for Short-term and Long-term Impacts of COVID-19 at: https://www.alliedmarketresearch.com/purchase-enquiry/9873

North America garnered the major share in 2019-

Based on region, North America held the major share in 2019, garnering more than two-fifths of the global hormone replacement therapy market, due to increasing launches of generic products of hormone replacement therapy by manufacturers, growth in target population, innovations in the drug delivery systems, and development of new formulations. Simultaneously, the region across Asia-Pacific would exhibit the fastest CAGR of 7.1% from 2020 to 2027. This is attributed to growing awareness about hormone replacement therapy, rising prevalence of diabetes population, and increasing focus of healthcare providers on reducing hormonal deficiencies in China, India, and Japan.

Key players in the industry-

  • Abbott Laboratories
  • Bayer AG
  • Eli Lilly and Company
  • F. Hoffmann-La Roche Ltd. (Genentech, Inc.)
  • Hisamitsu Pharmaceutical Co., Inc. (Noven Pharmaceuticals, Inc.)
  • Merck KGaA
  • Mylan N.V. (Viatris Inc.)
  • Novartis International AG
  • Novo Nordisk A/S
  • Pfizer Inc.

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

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We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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