The Global Hormone Replacement Therapy Market is estimated at USD 15.75 billion in 2016 and is predicted to reach USD 22.31 billion by 2021, growing at a CAGR of 7.21%.
Hyderabad, India -- (SBWIRE) -- 03/01/2018 -- The Global Hormone Replacement Therapy Market is anticipated to reach USD 15.75 billion in 2016. By the end of 2021, the market is capable to achieve USD 22.31 billion with a CAGR of 7.21%. The Hormone Replacement Therapy is expected to boost mainly by factors such as increasing awareness regarding post-menopausal hazards in the market.
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Other key factors responsible for the growth of the market are rising anti-aging therapy and increasing unmet medical needs which are required for hormone therapy. New formulations are raising the demand for the market. However, the high cost of therapy coupled with an increase in side effects such as headaches, bleeding, nausea, and breast tenderness or enlargement are hindering the market growth. High risk of Cancer is one of the important hurdles responsible for impeding the growth of the market.
In drug administration, the oral route of administration segment is anticipated to be one of the safest and most popular routes. The estrogenic replacement therapy section of product type dominates the Hormone Replacement Therapy Market, with a market share of more than 60%.
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Based on region, the Global Hormone Replacement Therapy Market is bifurcated into varied regions namely the Middle East and Africa, North America, Europe, Latin America, and Asia-Pacific. North America dominated the market with most of the contribution from the USA. During the forecast period, the APAC region is predictable to witness the rapid growth of the market.
The major firms dominating the Hormone Replacement Therapy Market are Amgen, Pfizer, Hisamitsu Pharmaceutical Co. Inc, Merck & Co., Bayer, Novartis, F. Hoffmann-La Roche, Abbott Laboratories, Eli Lily, Novo Nordisk, Mylan Laboratories, and Wyeth.
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