Market Overview

Market Overview:

The global testosterone replacement therapy market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are growing initiatives to increase awareness regarding diseases, growing geriatric population, and untapped potential in developing countries. Increasing novel therapeutic approaches is a significant trend that will further drive market growth.

Testosterone is the primary male hormone responsible for the improvement of male sexual characteristics, spermatogenesis, and fertility. Erectile dysfunction is caused by lower testosterone levels than normal. Testosterone replacement therapy is intended to increase sexual performance while also increasing energy and muscular mass. Improved sexual desire, improved blood sugar regulation, reduced bad cholesterol levels, increasing muscle mass and strength, enhanced brain function and cognitive ability, enhanced ability to handle stress, increased confidence and a more positive mood, improved sleep, and increased energy levels are just a few of the advantages of testosterone replacement therapy. The process of restoring testosterone that has been lost as a consequence of an injury, a congenital defect, or a disease that causes low testosterone levels is known as testosterone replacement therapy. It can also be used to restore testosterone levels that have dropped due to an orchiectomy. Doctor ideally do not advise TRT if individuals have various conditions, which could be made worse. These conditions include obstructive sleep apnea, severe lower urinary tract symptoms – such as urinary frequency and urgency associated with an enlarged prostate, or Benign Prostatic Hyperplasia (BPH), severe congestive Heart Failure, and above-normal red blood cell count. TRT is also not advised for treating individuals with low testosterone caused by aging.

Major Factors Driving Growth of the Global Testosterone Replacement Therapy Market:

Revenue growth of the global testosterone replacement therapy market is significantly driven by growing acceptance of testosterone replacement therapy among patients and physicians. Increasing awareness regarding the benefits and efficacy of testosterone replacement therapy products is driving the demand for testosterone replacement therapy. Because of the increased prevalence of hypogonadism, several organizations globally have started awareness campaigns and are encouraging early diagnosis. As the number of men suffering from testosterone deficiency rises, so does the demand for testosterone deficiency treatment. As a result, the rising prevalence of testosterone deficiency is driving the testosterone replacement therapy market during the forecast period. Governments and various other international organizations, regulatory authorities, independent authorities, and non-profit organizations are launching various awareness programs across developed & developing countries to increase awareness regarding testosterone deficiency treatment. 

Factors Restraining Growth of the Global Testosterone Replacement Therapy Market:

The global testosterone replacement therapy market growth is substantially hampered by several unfavorable factors. Risk and long- or short-term side effects of testosterone replacement therapy are expected to limit the market revenue growth. Acne and greasy skin, increased risk of heart attack, reduced sperm count, which leads to infertility, increase in size of breasts, increased risk of blood clots, and atrophy of testicles are all adverse effects of testosterone replacement therapy. Patent expiry of key drugs and entry of generics further impede the market growth. The generic versions of drugs would limit market revenue as these drugs will be priced much lower than branded drugs, which is exepcted to hamper revenue growth of the market.

Opportunities for Players Operating in the Global Testosterone Replacement Therapy Market:

The healthcare industry is undergoing a tremendous changes for better healthcare delivery. Increasing focus on improvement of healthcare system and developed healthcare facilities are expected to increase public spending, which is expected to create new opportunities for the testosterone replacement therapy market. Due to this reason, the factor is expected to continue to open up lucrative business opportunities for major players and new entrants in the market. Moreover, a high target population base with testosterone deficiency in various regions is expected to continue to boost market growth going.

Global Testosterone Replacement Therapy Market Revenue Led by Product Type Segment:

Based on product type, the injectables segment is expected to contribute the highest revenue share over the forecast period. Testosterone replacement therapy involves the administration of testosterone through creams/gels, patches, injections, gums/buccal adhesives or implants. The segment is mainly driven by the availability of patient assistance programs and direct administration benefits. Also, increasing prevalence of conditions such as obesity, diabetes, dyslipidemia, and metabolic syndrome are the key factors driving growth of this segment. Topical (creams and gels) segment is expected to contribute a significant market revenue share in the testosterone replacement therapy market over the forecast period due to advantages such as ease of application.

Global Testosterone Replacement Therapy Market Leading End Use Segment:

Based on end use, the clinics segment is expected to dominate all other segments in terms of revenue generation over the forecast period. Major factors contributing to the growth of segment growth are increasing awareness of this therapy and prevalence of testosterone deficiency. Market players are increasing awareness about testosterone replacement therapy products through campaigns, medical journals, events, and meetings. The availability of therapy products and ease of doing procedure in clinics are factors responsible for growth of the segment. Lack of skilled professional for testosterone replacement therapy procedure is another factors that is hampering the testosterone replacement therapy market growth.

North America Accounts for Largest Revenue Share in Global Testosterone Replacement Therapy Market:

Among regional markets, North America emerged as the largest market for testosterone replacement therapy in 2020, with the highest revenue share. Increased adoption of testosterone replacement therapy (TRT) products, high awareness about TRT and hypogonadism, and growing availability of effective and convenient treatment options are factors contributing to significant revenue share of the region. The testosterone replacement therapy market in Europe is projected to register robust revenue growth over the forecast period, owing to rising prevalence of testosterone deficiency and growing awareness about the treatment for conditions such as hypogonadism, testosterone deficiency, and erectile dysfunction.

Asia Pacific Continues To Lead In Terms Of Revenue CAGR:

The Asia Pacific testosterone replacement therapy market is expected to register the fastest growth in terms of revenue CAGR over the forecast period.  Growing target population, rising testosterone deficiency among aged individuals, and increased focus of leading manufacturers to target developing economies such as India and China are the major factors driving the APAC market growth. Moreover, rapidly developing medical infrastructure, growing medical tourism, increased spending, and increasing awareness amongst population in various countries in the region are expected to further contribute to the APAC market growth during the forecast period.

Major Companies Profiled In the Report:

  • Antares Pharma Inc.
  • Bayer HealthCare Pharmaceuticals
  • Columbia Laboratories Inc.
  • Eli Lilly and Company
  • Endo Pharmaceuticals Inc.
  • AbbVie
  • Actavis (Allergan)
  • Bayer
  • Novartis
  • Teva
  • Mylan
  • Ferring Pharmaceuticals
  • Kyowa Kirin
  • Acerus Pharmaceuticals

What Our Report Provides And Why Our Offering Is Better:

This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2028. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.

Detailed Segmentation In Our Report:

For the purpose of this report, the global Testosterone Replacement Therapy Market is segmented on the basis of product type, end-use, and region:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

  • Oral Implants
  • Injections
  • Patches
  • Creams/Gels
  • Gums/Buccal Adhesives
  • Others

By Active Ingredient Type (Revenue, USD Billion; 2018-2028)

  • Testosterone
  • Methyl Testosterone
  • Testosterone Undecanoate
  • Testosterone Enanthate
  • Testosterone Cypionate

End Use Outlook (Revenue, USD Billion; 2018-2028)

  • Hospitals
  • Clinics
  • Others

Region Outlook (Revenue, USD Billion; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Benelux
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East & Africa

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