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Hormone Replacement Therapy Market

Hormone Replacement Therapy Market Size by Type (Estrogen Hormone Replacement Therapy, Human Growth Hormone Replacement Therapy, Thyroid Hormone Replacement Therapy, Testosterone Hormone Replacement Therapy), Route of Administration(Oral, Parenteral, Transdermal), Disease Type, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12564
  • Published Date: Oct, 2021
  • Pages: 236
  • Category: Healthcare
  • Format: PDF
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The global hormone replacement therapy market is expected to reach USD 46.21 billion by 2028, at a CAGR of 11.29% during the forecast period 2021-2028. Increasing demand for hormone replacement therapy to treat post-menopausal issues among women is driving the growth of market.

Market Overview:

A hormone replacement therapy is a treatment to replace the natural hormone when the body does not produce enough hormone. The hormonal replacement therapy is generally used to treat the menopause symptoms and to protect long term health. During the menopause, the female hormone level goes up and down. This can cause various symptoms, such as night sweat and vaginal dryness. Thus, hormone replacement therapy helps to balance the level hormone among the females. In addition to this, hormone replacement therapy also helps in the prevention of cardiovascular diseases and osteoporosis after menopause in females. In addition to this, the hormone replacement therapy also reduces the chance of various diseases, including diabetes and bowel cancer.  In male hormone replacement therapy, testosterone hormone is given to the man. Testosterone hormone is responsible for the development of male sex organs and producing male characteristics such as muscularity and facial hairs.

Hormone replacement therapy is generally used to balance the level of progesterone and estrogen hormone in females. Currently, the combination of drugs is used for hormone replacement therapy.  The hormone replacement therapy can be given to various forms, including oral, parenteral, and transdermal. Oral intake of hormone drug is one of the most common routes of administration in the hormone replacement therapy. Hormone therapy, including estrogen therapy and combined estrogen/progesterone therapy, has been currently approved by the Food and Drug Administration (FDA) for the treatment of osteoporosis among the females. There are many companies present in the market who are offering a variety of medicines for the hormone replacement therapy for both male and females.

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Market Dynamics:

Drivers:
  • Increasing demand for hormone replacement therapy to treat post-menopausal issues among women

Hormone replacement therapy is one of the most effective treatment for menopausal symptoms. Menopause marks the end of the menstruation cycle among the women. In the menopause, the hormone level of estrogen and progesterone gradually decreases that play important roles in a woman’s body. The falling level of hormones can cause the physical and emotional symptoms such as hot flushes, night sweat, sleeping disturbance, mood swings and vaginal dryness. Hormone replacement therapy restores the hormones in the females. Thus, rising usage of hormonal replacement therapy for the menopausal treatment, driving the growth of the market.

  • Rising geriatric population with the hormonal imbalance

Hormone replacement therapy helps to improve the quality of life for many elderly people. With the increasing age, the production of hormones decreases, which causes various imbalances in the life. Among the women, the production of hormones such as estrogen and progesterone decreases, whereas, among the men, the testosterone hormone production decreases with age.  The hormone replacement therapy helps to produce and balance the level hormone. Thus, rising geriatric population with the hormonal imbalance, driving the demand for hormone replacement therapy.

Restraints:
  • Risk to develop the breast cancer

Hormone replacement therapy has a higher risk to develop breast cancer among the women. For instance, Breastcancer.org, the combination of hormone replacement therapy increases the risk of breast cancer by 75%. In addition to this, a high dosage of hormone replacement therapy can cause a higher risk than the lower disease. Furthermore, Estrogen-only HRT increases the risk of breast cancer, but only when used for more than ten years. Estrogen-only hormone replacement therapy also can increase the risk of ovarian cancer among the females.

Opportunities:
  • Increase in the awareness about hormone replacement therapy in the developing countries

Hormone replacement therapy is one of the most effective treatment for the prevention of postmenopausal symptoms and to reduce the risk of osteoporosis. Increasing awareness about the hormone replacement therapy, especially in the developing countries, is likely to offer various growth opportunities for the vendors of global hormone replacement therapy market.   

Challenges:
  • High treatment cost of hormone replacement therapy

High treatment cost of hormone replacement therapy, may hinder the market growth over the forecast period. Prices of commonly used estrogen hormone medications have doubled up since the year 2014, and increasing at a rate of 15% each year. Thus, high prices of hormone replacement therapy medication could limit the market growth in upcoming years.

Segmentation Analysis:

The global hormone replacement therapy market has been segmented based on type, route of administration, disease type, and regions.

  • The type segment is divided into estrogen hormone replacement therapy, human growth hormone replacement therapy, thyroid hormone replacement therapy, testosterone hormone replacement therapy, and others. The estrogen hormone replacement therapy accounted for the major market share of 44.85% in the year 2020. Estrogen hormone replacement is one of the highly and commonly used therapy among the menopause women in the world. Thus, rising usage of estrogen hormone replacement therapy among the women boosting the growth of the market.
  • The route of administration segment classified into oral, parenteral, transdermal, and others. Transdermal segment is projected to grow at the highest CAGR of 12.6% over the forecast period. The transdermal route of administration transfers the medication through the skin via the patches or other delivery system. It is one of the promising route of administration type, as it has many advantages including pre-determined doses, portability and patient self-administration.
  • The disease type segment is classified into menopause, hypothyroidism, male hypogonadism, growth hormone deficiency, and others. The menopause segment dominated the global hormone replacement therapy market and valued at USD 13.81 billion in the year 2020. The rising number of females who reach towards the menopause is one of the key driving factors for the growth market. The most common treatment used for the menopause management is hormone replacement therapy. Thus, increasing usage of hormone replacement therapy among the menopause women propelling the growth of the market.
Regional Segmentation Analysis:

The regions analyzed for the global hormone replacement therapy market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The North America region dominated the global hormone replacement therapy market and held the largest market share of 51.69% in the year 2020.

  • The high prevalence rate of menopause across the region is one of the key factor driving the growth of the market. In addition to this, high awareness about the therapy and early adoption of medication, further boosting the growth of the market in North America. Furthermore, the presence of key market players of the global hormone replacement therapy market in the region, also contributing to the growth of the market.
  • The Asia Pacific region is anticipated to grow at the highest CAGR of 12.5% over the forecast period. Increasing awareness about the hormone replacement therapy in the developing countries such as India and China, primarily driving the market growth. In addition to this increased spending on healthcare, further boosting the growth of hormone replacement therapy market in the Asia Pacific region.

North America Hormone Replacement Therapy Market Share in 2020- 51.69%

 

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Competitive Analysis:

In May 2019, Novartis announced that the company received an approval Piqray (alpelisib, formerly BYL719) the first and only treatment specifically for the treatment of postmenopausal women, and men.

In January 2018, Mylan Laboratories announced the U.S. launch of Estradiol Vaginal Cream USP, 0.01%, the first generic version of Allergan's Estrace Cream which is indicated in the treatment of vulvar and vaginal atrophy.

List of Key Market Players:

  • Abbott Laboratories
  • Novartis
  • Pfizer, Inc.
  • Mylan Laboratories
  • Merck and Co.
  • Novo Nordisk
  • Bayer Healthcare
  • Eli Lilly
  • Genentech

Key Target Audience

  • Government Bodies
  • Healthcare Providers
  • Healthcare Organizations
  • Food and Drug Administration
  • Pharmaceutical Companies
  • Investors/Shareholders

Report Description:

  • Global Hormone Replacement Therapy Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2028 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2028 are the forecast years. The global hormone replacement therapy market is based on revenue (USD Million/Billion). The report incorporates the market study on the basis of revenue. The study covers the market share revenue/market share for each of the segments, regions and countries catering to global hormone replacement therapy market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of hormone replacement therapy and regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global hormone replacement therapy market. This offers vital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global hormone replacement therapy market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development &innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global hormone replacement therapy market is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the hormone replacement therapy market was valued at USD 19.86 billion in 2020 and is anticipated to reach USD 46.21 billion by 2028.

Global hormone replacement therapy market is growing at a CAGR of 11.29% during the forecast period 2021-2028.

The global hormone replacement therapy market has been segmented based on type, route of administration, disease type, and regions. The estrogen hormone replacement therapy accounted for the major market share in the year 2020.

The North America region emerged as the largest market for the hormone replacement therapy.

Increasing demand for hormone replacement therapy to treat post-menopausal issues among women, driving the growth of market.

Hormone replacement therapy has the higher risk to develop the breast cancer among the women, which may limit the growth of market over the forecast period.

Increase in the awareness about hormone replacement therapy in the developing countries is expected to offer the future growth opportunity in the market.

Key players are Abbott Laboratories, Novartis, Pfizer, Inc., Mylan Laboratories, Merck and Co., Novo Nordisk, Bayer Healthcare, Eli Lilly, and Genentechamong others.

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  • Segmentation on the basis of any specific country or region
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Route of Administration
          4.3.3. Market Attractiveness Analysis By Disease Type
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing demand for hormone replacement therapy to treat post-menopausal issues among women
          5.2.2. Rising geriatric population with the hormonal imbalance
    5.3. Restrains
          5.3.1. Risk to develop the breast cancer
    5.4. Opportunities
          5.4.1. Increase in the awareness about hormone replacement therapy in the developing countries
    5.5. Challenges
          5.5.1. High treatment cost of hormone replacement therapy

6. Global Hormone Replacement Therapy Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Estrogen Hormone Replacement Therapy
    6.3. Human Growth Hormone Replacement Therapy
    6.4. Thyroid Hormone Replacement Therapy
    6.5. Testosterone Hormone Replacement Therapy
    6.6. Others

7. Global Hormone Replacement Therapy Market Analysis and Forecast, By Route of Administration
    7.1. Segment Overview
    7.2. Oral
    7.3. Parenteral
    7.4. Transdermal
    7.5. Others

8. Global Hormone Replacement Therapy Market Analysis and Forecast, By Disease Type
    8.1. Segment Overview
    8.2. Menopause
    8.3. Hypothyroidism
    8.4. Male Hypogonadism
    8.5. Growth Hormone Deficiency
    8.6. Others

9. Global Hormone Replacement Therapy Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Hormone Replacement Therapy Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Hormone Replacement Therapy Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Abbott Laboratories
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Novartis
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Pfizer, Inc.
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Mylan Laboratories
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Merck and Co
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Novo Nordisk
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Bayer Healthcare
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Eli Lilly
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Genentech
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
 

List of Table

1. Global Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

2. Global  Estrogen Hormone Replacement Therapy, Hormone Replacement Therapy Market, By Region, 2018–2028 (USD Billion)

3. Global Human Growth Hormone Replacement Therapy, Hormone Replacement Therapy Market, By Region, 2018–2028 (USD Billion)

4. Global Thyroid Hormone Replacement Therapy, Hormone Replacement Therapy Market, By Region, 2018–2028 (USD Billion) 

5. Global Testosterone Hormone Replacement Therapy, Hormone Replacement Therapy Market, By Region, 2018–2028 (USD Billion) 

6. Global Others, Hormone Replacement Therapy Market, By Region, 2018–2028 (USD Billion) 

7. Global Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

8. Global Oral, Hormone Replacement Therapy Market, By Region, 2018–2028 (USD Billion)

9. Global Parental, Hormone Replacement Therapy Market, By Region, 2018–2028 (USD Billion)

10. Global Transdermal, Hormone Replacement Therapy Market, By Region, 2018–2028 (USD Billion) 

11. Global Others, Hormone Replacement Therapy Market, By Region, 2018–2028 (USD Billion) 

12. Global Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

13. Global Menopause, Hormone Replacement Therapy Market, By Region, 2018–2028 (USD Billion)

14. Global Hyperthyroidism, Hormone Replacement Therapy Market, By Region, 2018–2028 (USD Billion)

15. Global Male Hypogonadism Hormone Replacement Therapy Market, By Region, 2018–2028 (USD Billion)

16. Global Growth Hormone Deficiency Hormone Replacement Therapy Market, By Region, 2018–2028 (USD Billion)

17. Global Others Hormone Replacement Therapy Market, By Region, 2018–2028 (USD Billion)

18. Global Hormone Replacement Therapy Market, By Region, 2018–2028 (USD Billion)

19. North America Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

20. North America Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

21. North America Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

22. U.S. Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

23. U.S. Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

24. U.S. Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

25. Canada Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

26. Canada Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

27. Canada Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

28. Mexico Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

29. Mexico Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

30. Mexico Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

31. Europe Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

32. Europe Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

33. Europe Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

34. Germany Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

35. Germany Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

36. Germany Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

37. France Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

38. France Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

39. France Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

40. U.K. Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

41. U.K. Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

42. U.K. Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

43. Italy Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

44. Italy Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

45. Italy Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

46. Spain Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

47. Spain Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

48. Spain Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

49. Asia Pacific Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

50. Asia Pacific Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

51. Asia Pacific Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

52. Japan Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

53. Japan Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

54. Japan Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

55. China Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

56. China Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

57. China Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

58. India Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

59. India Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

60. India Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

61. South America Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

62. South America Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

63. South America Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

64. Brazil Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

65. Brazil Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

66. Brazil Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

67. Middle East and Africa Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

68. Middle East and Africa Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

69. Middle East and Africa Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

70. UAE Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

71. UAE Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

72. UAE Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

73. South Africa Hormone Replacement Therapy Market, By Type, 2018–2028 (USD Billion)

74. South Africa Hormone Replacement Therapy Market, By Route of Administration, 2018–2028 (USD Billion)

75. South Africa Hormone Replacement Therapy Market, By Disease Type, 2018–2028 (USD Billion)

List of Figures 

1. Global Hormone Replacement Therapy Market Segmentation

2. Hormone Replacement Therapy Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Hormone Replacement Therapy Market Attractiveness Analysis By Type

9. Global Hormone Replacement Therapy Market Attractiveness Analysis By Route of Administration

10. Global Hormone Replacement Therapy Market Attractiveness Analysis By Disease Type

11. Global Hormone Replacement Therapy Market Attractiveness Analysis By Region

12. Global Hormone Replacement Therapy Market: Dynamics

13. Global Hormone Replacement Therapy Market Share By Type(2021 & 2028)

14. Global Hormone Replacement Therapy Market Share By Route of Administration(2021 & 2028)

15. Global Hormone Replacement Therapy Market Share By Disease Type(2021 & 2028)

16. Global Hormone Replacement Therapy Market Share by Regions (2021 & 2028)

17. Global Hormone Replacement Therapy Market Share by Company (2020)

This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global hormone replacement therapymarket on the basis of below mentioned segments:

Global Hormone Replacement Therapy Market by Type:

  • Estrogen Hormone Replacement Therapy
  • Human Growth Hormone Replacement Therapy
  • Thyroid Hormone Replacement Therapy
  • Testosterone Hormone Replacement Therapy
  • Others

Global Hormone Replacement Therapy Market by Route of Administration:

  • Oral
  • Parenteral
  • Transdermal
  • Others

Global Hormone Replacement Therapy Market by Disease Type:

  • Menopause
  • Hypothyroidism
  • Male Hypogonadism
  • Growth Hormone Deficiency
  • Others

Global Hormone Replacement Therapy Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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