The Hypogonadism Treatment Market is expected to register a CAGR of 3% during the forecast period attributing to increase in the incidence of hypogonadism, a rise in awareness about the disease and its treatment options and growth of infertility rate. Moreover, high risk of hypogonadism in the geriatric population and patient pool with diabetes and obesity are also some of the key drivers in the hypogonadism treatment market. For instance, according to a report published by the National Institute of Health (NIH), in 2019 obesity is increasing worldwide and the prevalence of hypogonadism is significantly greater in males with obesity. In addition, men aged between 60-80 years have low testosterone levels by 20% and 80% than normal testosterone levels in young men. Men above 60 years have the highest prevalence of hypogonadism. Thus, countries surging the geriatric population are witnessing a high demand for therapies to treat hypogonadism, hence, driving the hypogonadism market.
Key Market Trends
In Treatment Type Segment, Testosterone Replacement Therapy is Expected to Witness a Healthy Growth in Future
Testosterone replacement therapy is expected to contribute the largest revenue considering the fact that hypogonadism is more prevalent in men. Several government initiatives and product approvals are also boosting the testosterone replacement therapy. For instance, Clarus Therapeutics, in May 2019, received the FDA approval for Jatenzo testosterone, an oral testosterone replacement therapy for the treatment of primary hypogonadism and hypogonadotropic hypogonadism in men. In addition, Antares Pharma received the FDA approval in 2018 for Xyosted (testosterone enanthate) Injection.
In addition, the decreasing rate of fertility is leading to the high chances of hypogonadism and promoting the revenue growth of the overall market
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to dominate the global hypogonadism treatment market throughout the forecast period. This dominance is mainly owing to increasing cases of hypogonadism with raising awareness about the hormonal disorder, increased adoption of newer highly advanced products and advanced healthcare infrastructure. As per the report published in the European Association of Urology Journal in the year 2017, testosterone prescription trends in the United States witnessed an increase between 1.8 and 4-fold over the last two decades (1997 - 2017) which is resulting in the growth of hypogonadism market.
Competitive Landscape
The market studied is moderately competitive and there are several international companies present in this market. Some of the companies in the market are Abbott Laboratories Inc, Eli Lilly and Company, Teva Pharmaceutical Industries Ltd, Endo International, Ferring Pharmaceuticals, AbbVie Inc. and Merck Serono.
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Abbott Laboratories Inc
- Eli Lilly and Company
- Teva Pharmaceutical Industries Ltd
- Endo International
- Ferring Pharmaceuticals
- AbbVie Inc.
- Merck Serono
Methodology
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