Hormone Replacement Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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Hormone replacement therapy (HRT) is used for replenishing the hormones that are present in low levels in the human body. This treatment is particularly favourable for patients with growth hormone deficiency, women nearing menopause and elderly people suffering from hypogonadism. HRT is available in several forms such as skin and mouth patches (transdermal), gels, injections and implants. However, HRT may not be suitable for patients who have a history of blood clots, liver disease and untreated high blood pressure. This therapy may also include some adverse effects like bloating, swelling, nausea, leg cramps, headaches, indigestion, increased cholesterol levels and a rise in the number of red blood cells. According to the latest report by IMARC Group, titled “Hormone Replacement Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global hormone replacement therapy market reached a value of US$ 3.9 Billion in 2017.

A surge in the incidences of hormone imbalance disorders in the geriatric and neonatal populations is primarily driving the market growth. The rising need for new treatment options with better safety results is further boosting the demand for HRT. Additionally, aggressive marketing and direct selling campaigns by the key players along with the development of new gel-based formulations creates an attractive market for these therapies. Moreover, increasing awareness among the consumers and the presence of regularly monitored formulations are some of the other drivers stimulating the growth of the market. Looking forward, the market value is projected to exceed US$ 5.9 Billion by 2023, expanding at a CAGR of 7.2% during 2018-2023.

                Hormone replacement therapy market size

Market Summary:

  • Based on product type, estrogen replacement therapy accounts for the majority of the global share. Other types include human growth hormone replacement therapy, testosterone replacement therapy, thyroid replacement therapy and others.
  • On the basis of route of administration, the report has segmented the market on the basis of oral, parenteral and transdermal segments.
  • On the basis of disease, the report has segmented the market on the basis of menopause, hypothyroidism, male hypogonadism, growth hormone deficiency and Others.
  • Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Amongst these, North America is the largest market, accounting for the majority of the global share.
  • The report has also analysed the competitive landscape of the market with some of the key players being Abbott Laboratories, Bayer AG,  Eli Lilly & Company, Roche, Hisamitsu Pharmaceutical Co. Inc., Merck, Mylan, Novartis, Novo Nordisk and Pfizer.


This report provides a deep insight into the global hormone replacement therapy market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the hormone replacement therapy market in any manner.

Key Questions Answered in This Report:

  • How has the global hormone replacement therapy market performed so far and how will it perform in the coming years?
  • What are the key regions in the global hormone replacement therapy market?
  • Which are the popular products in the global hormone replacement therapy market?
  • What are the key routes of administration in the global hormone replacement therapy market?
  • What are the major diseases in the global hormone replacement therapy market?
  • What are the various stages in the value chain of the global hormone replacement therapy market?
  • What are the key driving factors and challenges in the global hormone replacement therapy market?
  • What is the structure of the global hormone replacement therapy market and who are the key players?
  • What is the degree of competition in the global hormone replacement therapy market?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Hormone Replacement Therapy Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Price Analysis
    5.4    Market Breakup by Product
    5.5    Market Breakup by Route of Administration
    5.6    Market Breakup by Type of Disease
    5.7    Market Breakup by Region
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Overview
        5.10.2    Research and Development
        5.10.3    Raw Material Procurement
        5.10.4    Manufacturing
        5.10.5    Marketing
        5.10.6    Distribution
        5.10.7    End-Use
    5.11    Porters Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
6    Market Breakup by Product
    6.1    Estrogen Replacement Therapy
    6.2    Human Growth Hormone Replacement Therapy
    6.3    Thyroid Replacement Therapy
    6.4    Testosterone Replacement Therapy
    6.5    Others
7    Market Breakup by Route of Administration
    7.1    Oral
    7.2    Parenteral
    7.3    Transdermal
8    Market Breakup by Type of Disease
    8.1    Menopause
    8.2    Hypothyroidism
    8.3    Male Hypogonadism
    8.4    Growth Hormone Deficiency
    8.5    Others
9    Market Breakup by Region
    9.1    North America
    9.2    Europe
    9.3    Asia Pacific
    9.4    Middle East and Africa
    9.5    Latin America
10    Competitive Landscape
    10.1    Market Structure
    10.2    Key Players
    10.3    Profiles of Key Players
       10.3.1 Abbott
       10.3.2 Bayer AG
       10.3.3 Eli Lilly & Company
       10.3.4 Roche
       10.3.5 Hisamitsu Pharmaceutical Co. Inc.
       10.3.6 Merck 
       10.3.7 Mylan NV
       10.3.8 Novartis AG
       10.3.9 Novo Nordisk A/S
       10.3.10 Pfizer Inc

List of Figures

Figure 1: Global: Hormone Replacement Therapy Market: Major Drivers and Challenges
Figure 2: Global: Hormone Replacement Therapy Market: Sales Value (in Billion US$), 2010-2017
Figure 3: Global: Hormone Replacement Therapy Market: Breakup by Product (in %), 2017
Figure 4: Global: Hormone Replacement Therapy Market: Breakup by Route of administration (in %), 2017
Figure 5: Global: Hormone Replacement Therapy Market: Breakup by Diseases (in %), 2017
Figure 6: Global: Hormone Replacement Therapy Market: Breakup by Region (in %), 2017
Figure 7: Global: Hormone Replacement Therapy Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 8: Global: Hormone Replacement Therapy Industry: SWOT Analysis
Figure 9: Global: Hormone Replacement Therapy Industry: Value Chain Analysis
Figure 10: Global: Hormone Replacement Therapy Industry: Porter’s Five Forces Analysis
Figure 11: Global: Hormone Replacement Therapy (Estrogen) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 12: Global: Hormone Replacement Therapy (Human Growth hormone) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 13:Global: Hormone Replacement Therapy (Thyroid) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 14: Global: Hormone Replacement Therapy(Other Types) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 15: Global: Hormone Replacement Therapy (Oral) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 16: Global: Hormone Replacement Therapy (Parentera) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 17: Global: Hormone Replacement Therapy (Transdermal) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 18: Global: Hormone Replacement Therapy (Menopause) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 19: Global: Hormone Replacement Therapy (Hypothyroidism) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 20: Global: Hormone Replacement Therapy (Male Hypogonadism) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 21: Global: Hormone Replacement Therapy (Growth Hormone Deficiency) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 22: Global: Hormone Replacement Therapy (Other Diseases) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 23: North America: Hormone Replacement Therapy Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 24: Europe: Hormone Replacement Therapy Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 25: Asia Pacific: Hormone Replacement Therapy Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 26: Middle East and Africa: Hormone Replacement Therapy Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 27: Latin America: Hormone Replacement Therapy Market: Sales Value (in Million US$), 2010, 2017 & 2023

List of Tables

Table 1: Global: Hormone Replacement Therapy Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Hormone Replacement Therapy Market Forecast: Breakup by Product (in Million US$), 2018-2023
Table 3: Global: Hormone Replacement Therapy Market Forecast: Breakup by Route of Administration (in Million US$), 2018-2023
Table 4: Global: Hormone Replacement Therapy Market Forecast: Breakup by Type of Disease (in Million US$), 2018-2023
Table 5: Global: Hormone Replacement Therapy Market Forecast: Breakup by Region (in Million US$), 2018-2023
Table 6: Global: Hormone Replacement Therapy Market Structure
Table 7: Global: Hormone Replacement Therapy Market: Key Players


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