Androgen Replacement Therapy Market – Onset of Advanced Technologies to Upsurge the Growth
SEATTLE, May 04, 2021, (PHARMIWEB) —
Worldwide Androgen Replacement Therapy Market, By Product Type (Creams/Gels, Patches, Injections, Implants, and Oral Tablets/Capsules/Gums), By Active Ingredient Type (Testosterone, Methyl Testosterone, Testosterone Undecanoate, Testosterone Enanthate, and Testosterone Cypionate), By Distribution Channel (Hospitals Pharmacies, Retail Pharmacies, and Online Pharmacies), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is assessed to be estimated at US$ 1,736.9 million of every 2020 and is expected to show a CAGR of 3.7% over the estimate period (2020-2027), as featured in another report distributed by Coherent Market Insights.
The rising number of product approvals and launches, as well as the acceptance of androgen replacement therapy and key player mergers and acquisitions, are expected to propel the growth of androgen replacement therapy market during the forecast period.
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Product approvals by administrative bodies are expected to foster the growth of the androgen replacement therapy market during the forecast time period. For example, in October 2018, Antares Pharma declared the U.S. Food and Drug organization (FDA) endorsement of XYOSTED (testosterone enanthate) infusion. XYOSTED is the primary FDA affirmed subcutaneous testosterone enanthate item for once-week by week, at-home self-administration with a simple to-utilize, single portion, dispensable QuickShot auto injector. XYOSTED has been endorsed in three measurement qualities, 50 mg, 75 mg and 100 mg, and is shown for testosterone swap treatment in grown-up guys for conditions related with a lack or nonappearance of endogenous testosterone.
Vital participants are focused on improvement and dispatch of new progressed androgen replacement therapy on the lookout, which is expected to contribute singificantly to the androgen replacement therapy market development. For example, in February 2020, Clarus Therapeutics Inc. declared the dispatch of JATENZO (testosterone undecanoate) cases, CIII in the U.S market by solution for treatment of men with testosterone insufficiency (hypogonadism). JATENZO is the sole oral softgel testosterone undecanoate, and the primary oral testosterone medication affirmed by the U.S. FDA in over 60 years. JATENZO is shown for testosterone trade treatment in grown-up male for conditions related with an insufficiency or nonappearance of endogenous testosterone: essential hypogonadism (intrinsic or gained) and hypogonadotropic hypogonadism (inborn or obtained).
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The expanding selection of androgen replacement therapy by clinics, health focuses, and forte focuses is required to speed up the androgen substitution treatment market development soon. In October 2019, a Texas, U.S. based treatment community, Richardson Pain and Wellness, reported that a more extensive population in the U.S. patients may select themselves in the middle’s Testosterone Treatment Therapy program. This program is intended to build a patient’s testosterone levels or T levels. While the name may sound threatening, Richardson Pain and Wellness consoles patients that the treatment essentially comprises of bringing testosterone straightforwardly into the subject’s circulatory system.
Many market players are focused on expanding their product portfolio and gain maximum share of market. For example, in April 2016, Aytu BioScience, Inc., a strength drug organization focused on commercializing novel items in the field of urology, declared the select permitting of its third business stage urology item in only 11 months, with the execution of a long haul, restrictive permit concurrence with an offshoot of Acerus Pharmaceuticals Corporation for the U.S. business rights to Natesto (testosterone) Nasal Gel. Natesto is the solitary nasal detailing of testosterone endorsed by the U.S. Food and Drug Administration (FDA) as a supplanting treatment for men determined to have hypogonadism.
Because of product approvals and launches by key players, the androgen replacement therapy market is projected to develop at a CAGR of 3.7 percent over the forecast period (2020-2027).
Due to increased product launches, the creams/gels segment is projected to hold a significant market share in 2027. For example, Dr Reddy’s Laboratories revealed in May 2019 that they had launched a generic version of AbbVie Inc.’s AndroGel 1.62 percent testosterone gel in the US market, which is used to treat adult males with low or no testosterone due to certain medical conditions.
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By Product Type:
- Orals Tablets/Capsules/Gums
By Active Ingredient Type:
- Methyl Testosterone
- Testosterone Undecanoate
- Testosterone Enanthate
- Testosterone Cypionate
By Distribution Channel:
- Hospitals Pharmacies
- Retail Pharmacies
- Online Pharmacies
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