Global Hormone Replacement Therapy (HRT) Market

Global Hormone Replacement Therapy (HRT) Market Size, Share, Growth Analysis, By Therapy Type(Estrogen & Combinations Replacement Therapy, Thyroid Hormone Replacement Therapy), By Indication(Menopause, Hypothyroidism), By Route of Administration(Oral, Transdermal) - Industry Forecast 2024-2031

Report ID: SQMIG35F2010 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 92 | Figures: 77

Global Hormone Replacement Therapy (HRT) Market Competitive Landscape

Due to their extensive global product portfolios, Novo Nordisk A/S and Pfizer Inc. are the primary players currently leading this market. Due to the success of its well-known pharmaceutical product, Norditropin, Novo Nordisk dominates the market in terms of revenue. During the projected period, it is estimated that significant product upscaling will fuel the market's expansion.

Top Players in the Global Hormone Replacement Therapy Market 

Hormone Replacement Therapy (HRT) Market Recent Developments

  • In January 2022, the European Commission gave Ascendis Pharma A/S permission to sell its medication SKYTROFA for the treatment of growth hormone abnormalities in children and adolescents. This medicine is the first once-weekly therapy for pediatric growth hormone insufficiency.
  • In January 2022, the Ministry of Health, Labor and Welfare of Japan gave the go-ahead for Pfizer, Inc. and OPKO Health, Inc. to commercialize NGENLA for the treatment of growth hormone disorders. With a once-weekly treatment frequency, this product is the next-generation long-acting growth hormone injection.
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FAQs

Hormone Replacement Therapy (HRT) Market size was valued at USD 24.97 billion in 2019 and is poised to grow from USD 26.87 billion in 2023 to USD 49.25 billion by 2031, growing at a CAGR of 7.83% in the forecast period (2024-2031).

Due to their extensive global product portfolios, Novo Nordisk A/S and Pfizer Inc. are the primary players currently leading this market. Due to the success of its well-known pharmaceutical product, Norditropin, Novo Nordisk dominates the market in terms of revenue. During the projected period, it is estimated that significant product upscaling will fuel the market's expansion. 'Eli Lilly and Company (US)', 'Bayer AG (Germany)', 'Pfizer Inc. (US)', 'Viatris, Inc. (US)', 'Novo Nordisk A/S', 'Novartis International AG', 'Merck & Co. Inc.', 'Mylan N.V.', 'TherapeuticsMD Inc.', 'Abbott Laboratories', 'Allergan plc', 'Teva Pharmaceutical Industries Ltd.', 'Amgen Inc.', 'AbbVie Inc.', 'Ferring Pharmaceuticals', 'GlaxoSmithKline plc', 'Johnson & Johnson', 'Ipsen S.A.', 'Sanofi S.A.', 'In January 2022, the European Commission gave Ascendis Pharma A/S permission to sell its medication SKYTROFA for the treatment of growth hormone abnormalities in children and adolescents. This medicine is the first once-weekly therapy for pediatric growth hormone insufficiency.', 'In January 2022, the Ministry of Health, Labor and Welfare of Japan gave the go-ahead for Pfizer, Inc. and OPKO Health, Inc. to commercialize NGENLA for the treatment of growth hormone disorders. With a once-weekly treatment frequency, this product is the next-generation long-acting growth hormone injection.'

The treatments are essential for a variety of patients, including those with growth hormone shortages, menopausal issues in women, and hypogonadism in the elderly. The medication is offered in many different formats, including skin and buccal patches, injections, tablets, and others. Due to the increased use of these goods around the world, producers are concentrating on creating cutting-edge medication delivery systems, like transdermal estrogen patches and vaginal estrogen pills. In keeping with the safety concerns, they are also concentrating on the introduction of low dose estrogen therapy rather than high dose estrogen therapy. Another development in the global market embraced by the major players is the introduction of gel-based formulation for estrogen patches and other products.

Pharmaceutical companies are continually being driven to provide new cutting-edge medications to the worldwide market by the surge in unmet demand for hormone replacement therapy in emerging nations and the increased awareness of the treatment of hormone problems. Additionally, the growth in menopause and illnesses associated with hormone shortage in important nations has prompted manufacturers to introduce new goods, such as combination treatment products, in place of the long-acting parenteral medications that were formerly taken on a daily basis.

The region with the largest market share is Asia Pacific, which is expected to hold the position over the forecast period. This is related to the fact that the region is home to major consumers like China and India. Reliance Industries Limited reports that the demand for PE increased by 4%. Growing demand from sectors like packaging and infrastructure & construction is what's fueling market expansion in this nation.

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