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Hormone Replacement Therapy Market Size

  • Report ID: GMI6554
  • Published Date: Aug 2023
  • Report Format: PDF

Hormone Replacement Therapy Market Size

Hormone Replacement Therapy Market size accounted for USD 21.8 billion in 2022 and is estimated to reach USD 40.1 billion by 2032 with a CAGR of 6.3% due to the increasing geriatric population, rising awareness of post-menopausal issues, increasing development of novel drug delivery systems for hormone imbalance issues, and rising prevalence of hormonal disorders.

 

Hormone Replacement Therapy (HRT) refers to a medical treatment that involves supplementing or replacing specific hormones in the body in order to treat hormonal deficiencies or imbalances. HRT is commonly used to alleviate symptoms and health issues that are associated with hormonal deficiencies or changes. HRT is widely used for various medical conditions such as menopause, hypothyroidism, testosterone deficiency, growth hormone deficiency, any many other conditions.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market for hormone replacement therapy accounted for USD 21.8 billion in 2022 and is estimated to surpass USD 40 billion by 2032, backed by the increasing geriatric population, rising awareness of post-menopausal issues, and rising prevalence of hormonal disorders.

The estrogen & progesterone replacement therapy market segment was worth USD 11.9 billion in 2022. They are primarily used to manage the symptoms of menopause, such as hot flashes, night sweats, and mood changes.

North America dominated the market in 2022 with a revenue share of 40.2%, owing to the rising prevalence of menopause and growth hormone deficiency disorders, increasing awareness related to post-menopause issues, and presence of key players in the region.

Merck & Co., Inc., Novo Nordisk A/S, AbbVie, Inc., F. Hoffmann-La Roche Ltd., ASCEND Therapeutics US, LLC., Abbott Laboratories, Genentech Inc., Teva Pharmaceutical Industries Ltd., and Novartis AG

Hormone Replacement Therapy Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 288
  • Countries covered: 21
  • Pages: 165
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