Global Hormone Replacement Therapy Market Size (2024 - 2029)

Hormone Replacement Therapy (HRT) Market Analysis

The hormone replacement therapy market with a CAGR of 7.59% during the forecast period (2022-2027).

The COVID-19 pandemic is expected to have a significant impact on the home replacement therapy market. An increasing number of research studies have been carried out to find the application of hormone replacement therapy in COVID-19 infected patients. For instance, as per the research article titled 'Hormone Replacement Therapy May Reduce the Risk of COVID-19 Death in Post-Menopausal Women' published in February 2022, the risk of dying from COVID-19 may be lower in post-menopausal women who have greater estrogen levels because of hormone replacement therapy (HRT) than in those who have natural estrogen levels. Hence, due to the aforementioned factors, hormone replacement therapy is expected to play a promising role in developing novel therapeutics for the effective treatment of SARS-CoV2 virus infection, which may lead to the growth of the studied market during the pandemic.

Certain factors that are positively affecting the hormone replacement therapy (HRT) market growth are increasing awareness of post-menopausal issues among women, rise in drug development with novel delivery systems, and hormonal imbalance disorders with the rising geriatric population. According to World Population Prospects 2022 report-United States, the latest projections by the United Nations suggest that the global population could grow to around 8.5 billion in 2030, 9.7 billion in 2050, and 10.4 billion in 2100. With various kinds of hormonal changes, the female body predominantly gets affected by the natural process of aging, leading to abnormalities and diseases. Some of the common problems include weight gain, memory decline, fatigue, low libido, aging appearance, and muscle loss.

The most frequently reported consequence of age-related hormonal changes occurs in cases related to menopause. The global average onset age for menopause among women is approximately 50 years. In women, by the age of 50 years and above, the production levels of estrogen and progesterone decrease significantly. The decrease in production levels of estrogen and progesterone is compensated by the pituitary gland, with the increased production of follicle-stimulating hormone (FSH). This is physically manifested in women in the form of post-menopause symptoms, which include flush. These factors associated with age lead to the rising demand for HRT, thus driving the market studied.

Additionally, the growing R&D activities by the key players for the discovery of novel therapeutics to treat hormonal imbalances and rising product approvals are expected to aid in the growth of the studied market over the forecast period. However, the high cost of hormone replacement therapy and the risk of developing cancers with HRTs are anticipated to hamper the market growth globally.

Hormone Replacement Therapy (HRT) Industry Segmentation

As per the scope of the report, hormone replacement therapy (HRT) is a treatment technique for replacing and/or replenishing hormones in the human body, which are at inadequate levels than those required for the normal physiology of the human body. The most prominent application of HRT is in the treatment of symptom alleviation of menopause. The hormone replacement therapy market is segmented by therapy (estrogen hormone replacement, growth hormone replacement, thyroid hormone replacement, and testosterone replacement), route of administration (oral, parenteral, and other routes of administration), indication (menopause, hypothyroidism, growth hormone deficiency, and other indications), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (USD million) for all the above segments.