Testosterone replacement therapy, or TRT, is a type of treatment that is an effective way to treat male hypogonadism. In this therapy, patients are prescribed supplemental hormones that act as substitutes for the missing hormones. These supplements often contain testosterone, the most abundant hormone in the body. While the effects of lower testosterone are not as severe as those of low estrogen, the side effects of TRT can still be devastating. In order to address these problems, testosterone replacement therapies can help men regain their virility. While conventional TRT can be a great solution for men who desire a child, it is not the best choice for men who are interested in future fertility. The treatments used in TRT are known to cause fertility problems and low sperm count.
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Major companies contributing to the global testosterone replacement therapy market include Kyowa Kirin International plc., Endo Pharmaceuticals, Inc., Bayer AG, AbbVie, Inc., Perrigo Company plc., Acerus Pharmaceuticals Corporation, Eli Lilly and Company, and Pfizer, Inc.
Growing testosterone deficiency in the geriatric population is expected to propel growth of the testosterone replacement therapy market throughout the forecast period.
In addition to this, increasing cases of erectile dysfunction in developed countries as a result of low production of testosterone are expected to aid the growth of the testosterone replacement therapy market during the forecast period.
Summary of the COVID-19 Debacle
The global testosterone replacement therapy market experienced an upward trend in demand due to the prevalence of the COVID-19 pandemic. The crisis-driven rise in health consciousness among patients has led to an increase in demand for immunity-boosting drugs and therapies. On a more positive note, the market is performing well at current levels considering the progressive vaccination drives.
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- The testosterone replacement therapy market is anticipated to grow at a CAGR of 4.3 % during the forecast period owing to the increasing occurrences of erectile dysfunction and growing demand for hormone-enhancing therapies. For instance, in November 2021, the U.S. Food and Drug Administration (FDA) approved JATENZO, the first-ever oral softgel developed to treat testosterone deficiency in men.
- In the cluster of regions, North America is a treasure island for the global testosterone replacement therapy market in view of increasing approval rates of novel therapies and growing occurrences of erectile dysfunction.
- In parallel, the Asia Pacific region is another hotly anticipated contender for the global testosterone replacement therapy market on account of increasing awareness of hormone deficiency and a large patient pool.
𝗕𝘂𝘆 𝗡𝗼𝘄 𝗔𝗻𝗱 𝗚𝗲𝘁 𝗙𝗹𝗮𝘁 𝟯𝟬% 𝗢𝗳𝗳
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Testosterone Replacement Therapy Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Testosterone Replacement Therapy Industry Impact
Chapter 2 Global Testosterone Replacement Therapy Competition by Types, Applications, and Top Regions and Countries
2.1 Global Testosterone Replacement Therapy (Volume and Value) by Type
2.3 Global Testosterone Replacement Therapy (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Testosterone Replacement Therapy Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Testosterone Replacement Therapy Market Analysis
Chapter 6 East Asia Testosterone Replacement Therapy Market Analysis
Chapter 7 Europe Testosterone Replacement Therapy Market Analysis
Chapter 8 South Asia Testosterone Replacement Therapy Market Analysis
Chapter 9 Southeast Asia Testosterone Replacement Therapy Market Analysis
Chapter 10 Middle East Testosterone Replacement Therapy Market Analysis
Chapter 11 Africa Testosterone Replacement Therapy Market Analysis
Chapter 12 Oceania Testosterone Replacement Therapy Market Analysis
Chapter 13 South America Testosterone Replacement Therapy Market Analysis
Chapter 14 Company Profiles and Key Figures in Testosterone Replacement Therapy Business
Chapter 15 Global Testosterone Replacement Therapy Market Forecast (2021-2027)
Chapter 16 Conclusions
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