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Hormone Replacement Therapy Market

Published Jul 24, 2025
Length 151 Pages
SKU # CMI20302796

Description

The global hormone replacement therapy market is estimated to be valued at USD 15.78 Bn in 2025 and is expected to exhibit a CAGR of 6.0% during the forecast period (2025-2032). The global hormone replacement therapy market has been witnessing significant growth over the past few years owing to the rising prevalence of menopause among women worldwide. Hormone replacement therapy helps treat various symptoms experienced during and after menopause like hot flashes, night sweats, vaginal dryness, low libido, and mood swings. Growing health concerns pertaining to osteoporosis and other chronic diseases due to hormonal imbalance and aging are driving the demand for effective therapeutic solutions. Furthermore, increasing awareness about women's health issues and availability of various hormone replacement drug formulations are expected to propel the market expansion during the forecast period. However, factors like side effects associated with long-term usage of hormones and availability of alternative treatment options continue to impede the market growth to a certain extent.

Market Dynamics

The key drivers fueling the global hormone replacement therapy market include rapidly growing geriatric population susceptible to hormonal deficiencies, rising incidence of menopause among women, upsurge in lifestyle diseases globally, and increasing awareness about benefits of hormone replacement therapy in chronic disease management. On the other hand, side effects pertaining to long-term usage of hormones including Breast cancer, heart disease, stroke, and blood clots pose major challenges for market players. However, ongoing R&D towards development of novel drug delivery systems, combining various hormones, and innovation in bioidentical hormone formulations are expected to unlock lucrative growth opportunities for stakeholders in coming years.

Key Features of the Study
  • This report provides an in-depth analysis of the global hormone replacement therapy market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
  • It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global hormone replacement therapy market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this includes Novartis AG, Abbott , Mylan NV, Merck KgaA, Bayer AG, Pfizer Inc., Novo Nordisk A/S, QuatRx Pharmaceuticals, Teva Pharmaceutical Industries Ltd., Amgen, Inc., Eli Lilly and Company, Halozyme Therapeutics, Inc., AbbVie, Inc., Noven Pharmaceuticals, Inc., I-MAB Biopharma Co., Ltd., and Myovant Sciences
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • Global hormone replacement therapy market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hormone replacement therapy market
Market Segmentation
  • Therapy Type Insights (Revenue, USD Bn, 2020 - 2032)
  • Estrogen Replacement Therapy
  • Human Growth Hormone (HGH) Replacement Therapy
  • Thyroid Replacement Therapy
  • Testosterone Replacement Therapy
  • Others
  • Route of Administration Insights (Revenue, USD Bn, 2020 - 2032)
  • Oral
  • Parenteral
  • Others
  • Application Insights (Revenue, USD Bn, 2020 - 2032)
  • Hypothyroidism
  • Male Hypogonadism
  • Growth Hormone Deficiency
  • Others
  • Distribution Channel Insights (Revenue, USD Bn, 2020 - 2032)
  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
  • Key Players Insights
  • Novartis AG
  • Abbott
  • Mylan NV
  • Merck KgaA
  • Bayer AG
  • Pfizer Inc.
  • Novo Nordisk A/S
  • QuatRx Pharmaceuticals
  • Teva Pharmaceutical Industries Ltd.
  • Amgen, Inc.
  • Eli Lilly and Company
  • Halozyme Therapeutics, Inc.
  • AbbVie, Inc.
  • Noven Pharmaceuticals, Inc.
  • I-MAB Biopharma Co., Ltd.
  • Myovant Sciences

Table of Contents

151 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Therapy Type
Market Snapshot, By Route of Administration
Market Snapshot, By Application
Market Snapshot, By Distribution Channel
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Impact Analysis
Market Trends
Key Developments
Regulatory Scenario
Manufacturer Revenue
Adoption of Non-invasive Sensor Technologies
Acquisitions and Partnerships Scenario
Product Launches/Approvals
Funding and Investments
PEST Analysis
Porter’s Analysis
4. Global Hormone Replacement Therapy Market, By Therapy Type, 2020 – 2032, (USD Billion)
Overview
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 – 2032
Segment Trends
Estrogen Replacement Therapy
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020–2032, (USD Billion)
Human Growth Hormone (HGH) Replacement Therapy
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020–2032, (USD Billion)
Thyroid Replacement Therapy
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020–2032, (USD Billion)
Testosterone Replacement Therapy
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020–2032, (USD Billion)
Others
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020–2032, (USD Billion)
5. Global Hormone Replacement Therapy Market, By Route of Administration, 2020 – 2032, (USD Billion)
Overview
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 – 2032
Segment Trends
Oral
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020–2032, (USD Billion)
Parenteral
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020–2032, (USD Billion)
Others
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020–2032, (USD Billion)
6. Global Hormone Replacement Therapy Market, By Application, 2020 – 2032, (USD Billion)
Overview
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 – 2032
Segment Trends
Hypothyroidism
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020–2032, (USD Billion)
Male Hypogonadism
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020–2032, (USD Billion)
Growth Hormone Deficiency
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020–2032, (USD Billion)
Others
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020–2032, (USD Billion)
7. Global Hormone Replacement Therapy Market, By Distribution Channel, 2020 – 2032, (USD Billion)
Overview
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 – 2032
Segment Trends
Hospital Pharmacies
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020–2032, (USD Billion)
Retail Pharmacies
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020–2032, (USD Billion)
Online Pharmacies
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020–2032, (USD Billion)
8. Global Hormone Replacement Therapy Market, By Region, 2020 – 2032, (USD Billion)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021–2032
Regional Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Therapy Type, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Route of Administration, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 – 2032, (USD Billion)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Therapy Type, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Route of Administration, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 – 2032, (USD Billion)
Brazil
Mexico
Argentina
Rest of Latin America
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Therapy Type, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Route of Administration, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 – 2032, (USD Billion)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Therapy Type, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Route of Administration, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 – 2032, (USD Billion)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Therapy Type, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Route of Administration, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 – 2032, (USD Billion)
GCC
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Therapy Type, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Route of Administration, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020 - 2032, (USD Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2020 – 2032, (USD Billion)
North Africa
Central Africa
South Africa
9. Competitive Landscape
Company Profiles
Novartis AG
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Abbott
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Mylan NV
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Merck KgaA
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Bayer AG
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Pfizer Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Novo Nordisk A/S
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
QuatRx Pharmaceuticals
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Teva Pharmaceutical Industries Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Amgen, Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Eli Lilly and Company
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Halozyme Therapeutics, Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
AbbVie, Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Noven Pharmaceuticals, Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
I-MAB Biopharma Co., Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Myovant Sciences
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
10. Analyst View
Wheel of Fortune
Analyst View
Coherent Opportunity Map
11. References and Research Methodology
References
Research Methodology
About us and Sales Contact
*Browse 32 market data tables and 28 figures on Hormone Replacement Therapy Market” - Global forecast to 2032
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