Global Drugs For Hormonal Replacement Therapy Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

8 Nov, 2021

The drugs for hormonal replacement therapy market consists of sales of drugs for hormonal replacement therapy and related services. The drugs for hormonal replacement therapy are used to treat patients with growth hormone deficiency caused due to conditions such as dwarfism or menopause (a condition which describes changes a woman goes through when her menstruating cycle stops). The drugs for hormonal replacement therapy help to replace low level hormones from the body, maintain growth hormone deficiency and prevent women from vaginal dryness, mood swings, weakening of bones and others.

Global Drugs For Hormonal Replacement Therapy Market Size And Drivers:

The global hormonal replacement therapy market is expected to grow from $14.76 billion in 2020 to $14.88 billion in 2021 at a compound annual growth rate (CAGR) of 0.8%. The slow growth is mainly due to deferring treatments that led to fall in the demand for drugs. The drugs for hormonal replacement therapy market is expected to reach $16.77 billion in 2025 at a CAGR of 3%. Increasing population of aging and postmenopausal women is driving the drugs for hormonal replacement therapy market growth.

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Trends In The Global Drugs For Hormonal Replacement Therapy Market

Companies in the industry are increasingly developing of drugs for hormonal replacement therapy with better safety profiles and novel drug delivery mechanisms. The drug delivery mechanisms include transdermal estrogen, vaginal estrogen and others. Transdermal estrogen drug delivery is in the form of estradiol transdermal gel, patch, and spray that are used to treat symptoms of menopause, vaginal dryness, itching, burning and others occur due to low estrogen levels. Vaginal estrogen in the form of cream, vaginal ring, vaginal tablets are used to get the hormone estrogen into the system. For instance, Novo Nordisk, a multinational pharmaceutical company provides novel drug delivery mechanisms and low dose drugs for hormonal replacement therapy (HRT) to cater to the rising demand of patient needs. Some of the brands offering of novel drugs include Climara, Divigel, Elestrin, Esclim, Estraderm, Estrasorb, EstroGel, Evamist, Oesclim, Rhoxal-Estradiol Derm 50, Vivelle 100 Mcg, Estradot Transdermal Therapeutic System and others.

Global Drugs For Hormonal Replacement Therapy Market Segments:
The global hormonal replacement therapy drugs market is further segmented –
By Therapy Type: Estrogen Replacement Therapy, Human Growth Hormone (HGH) Replacement Therapy, Thyroid Replacement Therapy, Testosterone Replacement Therapy
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
By Application: Hypothyroidism, Male Hypogonadism, Growth Hormone Deficiency, Menopause, Others
By Route of Administration: Oral, Parental, Others
By Geography: The global drugs for hormonal replacement therapy market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Drugs For Hormonal Replacement Therapy Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides drugs for hormonal replacement therapy market overviews, analyzes and forecasts market size and growth for the global drugs for hormonal replacement therapy market, drugs for hormonal replacement therapy market share, drugs for hormonal replacement therapy market players, drugs for hormonal replacement therapy market segments and geographies, drugs for hormonal replacement therapy market’s leading competitors’ revenues, profiles and market shares. The drugs for hormonal replacement therapy market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.