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Testosterone Replacement Therapy Market - Industry Overview and Key Factors Health Articles | July 27 Authentic Minkah Fitzpatrick Jersey , 2016

This report on testosterone replacement therapy studies the current as well as future prospects of the market globally. The stakeholders of this report include companies and intermediaries engaged in the manufacture and commercialization of various testosterone replacement therapy products as well as new entrants planning to enter this market.



Patent Expiry Blow Dealt to TRT Market Could be Softened by Growing Prevalence of Hypogonadism


A wide range of testosterone replacement therapy (TRT) products containing different active ingredients have been made available by a large number of both global and local manufacturers. With various studies estimating the number of men affected by hypogonadism (testosterone deficiency) at 30% worldwide, the demand for TRT is poised to increase gradually in the years ahead. The condition primarily affects men aged between 40 and 79 years, making this demographic a key target segment for market players.


However, the market is currently at a crucial juncture with top performing products losing their patents in the next few years. This will no doubt cause a major dent in revenues of key market players. However, some of this impact could be reduced by the heightened demand for and awareness levels about the benefits of advanced TRT products. Many of these products are now being utilized in testosterone deficiency treatment are likely to support market growth during the forecast period.


TRT Creams and Gels Continue to See Strong Sales Worldwide but Injections Racing Ahead


For the purpose of this study Authentic Dan Marino Jersey , the global testosterone replacement therapy market has been segmented on the basis of product type into creamsgels, patches, injections, gumsbuccal adhesives, implants and oral drug forms. Of these DeVante Parker Jersey , the creamsgels segment led the global market, as overall sales were mainly impelled by key branded formulations such as AndroGel from AbbVie, Inc. Axiron from Eli Lilly and Company, and Fortesta, Testim Cordrea Tankersley Jersey , and Natesto from Endo Pharmaceuticals Inc.


Ease of use and comparatively less side effects have been the winning characteristics of gelscream TRT products. However, this segment is expected to lose its current hold on the market owing to patent expirations of branded formulations.


TMR expects the injections product segment to witness the fastest CAGR from 2016 to 2024. This will be possible mainly because consumers are now more open to using these low priced products – a factor aided by the increasing availability of self-administered forms of these products globally.


On the basis of active ingredients, the TRT market is segmented into testosterone, methyl testosterone, testosterone undecanoate Charles Harris Jersey , and testosterone enanthate and testosterone cypionate. Of these, testosterone as an active ingredient dominated the global TRT market in 2015. However, other active ingredients are expected to cover much ground through the forecast period. The demand for ester forms of testosterone such as testosterone cypionate and testosterone undecanoate is projected to show a healthy rise. Testosterone undecanoate is expected to witness the fastest growth through the report’s forecasting horizon from 2016 to 2024.


North America Leads TRT Market but Scales Tipping in Favor of Asia Pacific


Of the five broad geographical segments of the global testosterone replacement therapy market, North America accounted for the largest share (84.7%) of the market and was followed by Europe In 2015. The other key segments are Europe, Asia Pacific Kalen Ballage Jersey , Middle East and Africa (MEA), and Latin America.


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The demand for advanced TRT products was especially strong in the U.S. in 2015 as the country accounted for 95% of the North America TRT market in that year, TMR has observed. Asia Pacific will greatly benefit from higher healthcare investments being channeled into the region and is expected to witness the fastest CAGR in the TRT market during the forecast period. China and India are markets that companies in the TRT market cannot ignore. In South Korea and Japan, on the other hand, the sizeable geriatric population and strong positive sentiments will aid the consumption of TRT products. Brazil is the key TRT market in Latin America with the single largest share 2015.


The key players operating in the global testosterone replacement therapy market are AbbVie Durham Smythe Jersey , Inc., Allergan plc, Bayer AG, Endo Pharmaceuticals, Inc. Xavien Howard Jersey , Eli Lilly and Company, Kyowa Kirin International plc, Mylan N.V., Novartis AG, and Pfizer Laremy Tunsil Jersey , Inc. The testosterone replacement therapy market is somewhat consolidated with presence of a few large global players and some local vendors that are operating in the international market.


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