The hormone replacement therapy market is expected to expand at a CAGR of 3.5%. The market value is projected to increase from US$ 16,825.2 million in 2024 to US$ 23,729.6 million by 2034. The hormone replacement therapy industry share was valued at US$ 15,976.9 million at the end of 2023.
Attributes | Details |
---|---|
Estimated Market Size, 2024 | US$ 16,825.2 million |
Expected Market Share, 2034 | US$ 23,729.6 million |
Value CAGR (2024 to 2034) | 3.50% |
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Attributes | Details |
---|---|
Hormone Replacement Therapy Market Value (2019) | US$ 13,059.1 million |
Hormone Replacement Therapy Market Size (2023) | US$ 15,976.9 million |
Historical CAGR % (2019 to 2023) | 4.1% |
The hormone replacement therapy (HRT) market expanded at a CAGR of 4.1% from 2019 to 2023. Meanwhile, the market surged from US$ 13,059.1 million in 2019 to US$ 15,976.9 million in 2023. The market is driven by a robust healthcare system in developed countries and increasing medical tourism. Other leading factors that have reinforced market competition in the previous period include:
From 2024 to 2034, the market is projected to register a CAGR of 3.5%. The market is projected to capture a market size of US$ 16,825.2 million in 2024. By 2034, the market valuation is anticipated to be US$ 23,729.6 million. Top factors that are contributing to market growth are as follows:
Historical CAGR % (2019 to 2023) | 4.1% |
---|---|
Forecast CAGR % (2024 to 2034) | 3.5% |
Leading Therapy Area | Estrogen Replacement Therapy |
---|---|
Value Share % (2024) | 38.9% |
The estrogen replacement therapy (ERT) segment is projected to account for a share of 38.9% in 2024. The segment is anticipated to capture an increased female population experiencing falling levels of estrogen and progesterone. Change in hormone secretion, typically caused during menopause, also derails the quality of life. Thus, patients of menopause are being prescribed estrogen replacement therapy to reduce impact of falling hormones.
This segment is further projected to grow due to several women entering the stage of menopause. Increasing demographic of menopausal women is expected to raise the consumption of ERT in the next ten years.
Leading Dosage Form | Oral Tablets/Capsules |
---|---|
Value Share % (2024) | 43.2% |
Oral tablets/capsules segment is anticipated to acquire a share of 43.2% in 2024. Oral dosage is gaining significant traction due to its convenience. Several patients, especially those who are senior or have a hard time with other routes of administration, prefer oral medications.
Their higher uptake also hinges on the fact that it is cost-effective and demonstrates effective absorption. Additionally, oral capsules or tablets have formed a well-established safety profile over the years. Thus increasing its acceptance among doctors and patients.
Country | The United States |
---|---|
Forecast CAGR % (2024 to 2034) | 1.6% |
The hormone replacement therapy market in the United States is anticipated to register a CAGR of 1.6% through 2034. Sluggish adoption of this medication points toward market maturity attained by the United States. To break into this country, key players are projected to strive forward massively. Key factors propelling growth in the United States are as follows:
Country | The United Kingdom |
---|---|
Forecast CAGR % (2024 to 2034) | 2.3% |
As per recent market estimates, the United Kingdom is assessed to expand at a CAGR of 2.3% through 2034. The country is anticipated to be driven by:
Country | Germany |
---|---|
Forecast CAGR % (2024 to 2034) | 2.1% |
In Germany, the demand for hormone replacement therapies is anticipated to increase at a CAGR of 2.1% through 2034. The market is driven by the following factors:
Country | China |
---|---|
Forecast CAGR % (2024 to 2034) | 4.5% |
As per the latest market research by FMI analysts and industry experts, the China hormone replacement therapy market is projected to expand at a CAGR of 4.5% through 2034. The following factors are supporting market growth in the country:
These aforementioned factors are projected to consolidate the market position in China. Constant innovations and target markets in China are anticipated to propel significant market expansion.
Country | India |
---|---|
Forecast CAGR % (2024 to 2034) | 5.2% |
Manufacturers are expected to obtain significant growth opportunities in India. FMI analysts have estimated that the market in India is going to rise at a CAGR of 5.2% through 2034. Crucial factors that are augmenting the uptake of hormone replacement therapy in India are as follows:
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Key players are strategically collaborating within the hormone replacement therapy market to position themselves for success. Players are further investing in research and development activities to enhance the efficacy of these therapies and increase consumer confidence. Additionally, market participants are attempting to obtain patents and product approvals to expand their portfolio.
Market participants are further partnering with other players or social media influencers to increase awareness about postmenopausal problems. This is anticipated to raise consumer knowledge about various options available to them.
To increase product adoption, manufacturers are launching hormone replacement products in user-friendly, distinct formats like patches and pills. Market leaders are also traversing boundaries to reach more customers.
New Developments Giving Shape to the Hormone Replacement Therapy Market
The hormone replacement therapy market is projected to be worth US$ 16,825.2 million in 2024.
The market is predicted to expand at a CAGR of 3.5% through 2034.
The market is anticipated to account for US$ 23,729.6 million by 2034.
India is predicted to provide high growth opportunities.
Estrogen replacement therapy acquired a leading share of the market.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Therapy Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Therapy Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Therapy Type, 2024 to 2034
5.3.1. Estrogenic Replacement Therapy
5.3.2. Growth Hormone Replacement
5.3.3. Dopamine Agonist
5.3.4. Somatostatin Analogues
5.3.5. Thyroid Hormone Replacement
5.3.6. Tablets
5.3.7. Capsules
5.3.8. Injections
5.4. Y-o-Y Growth Trend Analysis By Therapy Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Therapy Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2024 to 2034
6.3.1. Cancer
6.3.2. Menopause
6.3.3. Hypopituitarism
6.3.4. Hypothyroidism
6.3.5. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Distribution Channel , 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Distribution Channel , 2024 to 2034
7.3.1. Hospital Pharmacies
7.3.2. Retail Pharmacies and Drugstores
7.3.3. Compounding Pharmacies
7.3.4. E-commerce
7.3.5. Others
7.4. Y-o-Y Growth Trend Analysis By Distribution Channel , 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Distribution Channel , 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Therapy Type
9.2.3. By Application
9.2.4. By Distribution Channel
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Therapy Type
9.3.3. By Application
9.3.4. By Distribution Channel
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Therapy Type
10.2.3. By Application
10.2.4. By Distribution Channel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Therapy Type
10.3.3. By Application
10.3.4. By Distribution Channel
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Therapy Type
11.2.3. By Application
11.2.4. By Distribution Channel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Therapy Type
11.3.3. By Application
11.3.4. By Distribution Channel
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Therapy Type
12.2.3. By Application
12.2.4. By Distribution Channel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Therapy Type
12.3.3. By Application
12.3.4. By Distribution Channel
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Therapy Type
13.2.3. By Application
13.2.4. By Distribution Channel
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Therapy Type
13.3.3. By Application
13.3.4. By Distribution Channel
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Therapy Type
14.2.3. By Application
14.2.4. By Distribution Channel
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Therapy Type
14.3.3. By Application
14.3.4. By Distribution Channel
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Therapy Type
15.2.3. By Application
15.2.4. By Distribution Channel
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Therapy Type
15.3.3. By Application
15.3.4. By Distribution Channel
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Therapy Type
16.1.2.2. By Application
16.1.2.3. By Distribution Channel
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Therapy Type
16.2.2.2. By Application
16.2.2.3. By Distribution Channel
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Therapy Type
16.3.2.2. By Application
16.3.2.3. By Distribution Channel
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Therapy Type
16.4.2.2. By Application
16.4.2.3. By Distribution Channel
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Therapy Type
16.5.2.2. By Application
16.5.2.3. By Distribution Channel
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Therapy Type
16.6.2.2. By Application
16.6.2.3. By Distribution Channel
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Therapy Type
16.7.2.2. By Application
16.7.2.3. By Distribution Channel
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Therapy Type
16.8.2.2. By Application
16.8.2.3. By Distribution Channel
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Therapy Type
16.9.2.2. By Application
16.9.2.3. By Distribution Channel
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Therapy Type
16.10.2.2. By Application
16.10.2.3. By Distribution Channel
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Therapy Type
16.11.2.2. By Application
16.11.2.3. By Distribution Channel
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Therapy Type
16.12.2.2. By Application
16.12.2.3. By Distribution Channel
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Therapy Type
16.13.2.2. By Application
16.13.2.3. By Distribution Channel
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Therapy Type
16.14.2.2. By Application
16.14.2.3. By Distribution Channel
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Therapy Type
16.15.2.2. By Application
16.15.2.3. By Distribution Channel
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Therapy Type
16.16.2.2. By Application
16.16.2.3. By Distribution Channel
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Therapy Type
16.17.2.2. By Application
16.17.2.3. By Distribution Channel
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Therapy Type
16.18.2.2. By Application
16.18.2.3. By Distribution Channel
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Therapy Type
16.19.2.2. By Application
16.19.2.3. By Distribution Channel
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Therapy Type
16.20.2.2. By Application
16.20.2.3. By Distribution Channel
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Therapy Type
16.21.2.2. By Application
16.21.2.3. By Distribution Channel
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Therapy Type
16.22.2.2. By Application
16.22.2.3. By Distribution Channel
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Therapy Type
16.23.2.2. By Application
16.23.2.3. By Distribution Channel
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Therapy Type
17.3.3. By Application
17.3.4. By Distribution Channel
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Eli Lilly and Company
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Pfizer, Inc.
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. AbbVie, Inc
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Novo Nordisk A/S
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Merck KGaA
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Mylan N.V
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Bayer Healthcare
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. F. Hoffmann-La Roche Ltd.
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Teva Pharmaceuticals
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Endo International
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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