According to the Asia Pacific Testosterone Replacement Therapy Market Research Report, the market was worth USD xx billion in 2016 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2021. Testosterone Replacement Therapy (TRT) is a category of hormone replacement therapy in which androgens such as testosterone, are replaced. Testosterone Replacement Therapy is often prescribed to counter the repercussions of male hypogonadism.
Testosterone Replacement Therapy typically involves the administration of testosterone through injections, patches, gels, skin creams, or subcutaneous pellets. TRT is the classic treatment of hypogonadism and may improve its symptoms such as fatigue and anaemia.
Also , a number of other effects of testosterone have led to research into possible therapeutic roles in: erectile dysfunction, osteoporosis, chronic heart failure, diabetes mellitus, dementia and hormone replacement therapy for transgender men. Usage of Testosterone Replacement Therapy has become increasingly popular and has many controversies attached to it in the modern days.
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The key driving factor of Asia Pacific Testosterone Replacement Therapy Industry is growing number of people being affected by testosterone deficiency problem. As the occurrence of such cases grow in number, the demand for testosterone replacement therapy is also expected to rise subsequently.
Along with this major factor, another important propelling factor for the growth of the Asia Pacific testosterone replacement therapy market is the growing geriatric population at a steady pace. It is forecasted that number of men reporting deficiency of testosterone will rise across the world as the geriatric population will rise.
In addition to these factors, there is an increasing awareness among the world population about the testosterone deficiency and they are taking measures to solve the problem, which will help in the growth of this market. However, the market is constrained by factors such as side effects which are associated with therapy such as metabolic and cardiovascular ailments.
The Asia Pacific Testosterone Replacement Therapy market Segmentation based on product type into patches, injections, adhesives, implants and oral. By active ingredient type, the market is categorised into testosterone undecanoate, testosterone enanthate, testosterone cypionate, methyl testosterone and testosterone.
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Testosterone Replacement Therapy market Geography into India, China, Japan, Australia and other parts of the region. Asia Pacific region has the third largest market for testosterone replacement therapy in the world by share, and is the fastest growing region in the world owing to factors such as huge population base among others.
Factors such as growing geriatric population and rising incidence of hypogonadism is expected to propel the market growth in this region.
Testosterone Replacement Therapy market players are Pfizer Inc., Allergan Plc., AbbVie Inc., Bayer AG., Eli Lilly and Company, Endo Pharmaceuticals, Kyowa Kirin International Plc., Novartis AG. and Mylan N.V. among others
1) Product Type
- Y-o-Y Growth Analysis, By Product Type
- Market Attractiveness Analysis, By Product Type
- Market Share Analysis, By Product Type
- Testosterone Enanthate
- Testosterone Cypionate
- Methyl Testosterone
- Active Ingredient
- Y-o-Y Growth Analysis, By Active Ingredient
- Market Attractiveness Analysis, By Active Ingredient
- Market Share Analysis, By Active Ingredient
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