According to the Global 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.
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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.
The key driving factor of global Testosterone Replacement Therapy market 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 global 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.
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Testosterone Replacement Therapy Market Segmentation by 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.
Testosterone Replacement Therapy Market Geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Testosterone Replacement Therapy in the world, which is followed by Europe and Asia Pacific regions.
Asia Pacific region is expected to have the fastest growth rate during the forecast period, owing to factors such as huge population base and changes in lifestyle.
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
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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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- Segment-level analysisin terms by type, packaging and meat type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities and challenges (DROC)in the market and their impact on shifting market dynamics
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