“Testosterone Replacement Therapy Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on testosterone replacement therapy market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for testosterone replacement therapy? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The testosterone replacement therapy market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Product Type: Oral; Implants; Gel Or Creams; Patches; Buccal Adhesive; Parenteral; Other Products
- 2) By Indication: Hypogonadism; Autoimmune Conditions; Genetic Disorders; Sex Organ Surgeries; Other Indications
- 3) By Active Ingredient Type: Testosterone; Methyl Testosterone; Testosterone Undecanoate; Testosterone Enanthate; Testosterone Cypionate
- 4) By End User: Hospitals; Clinics; Other End-User
- Companies Mentioned: AbbVie Inc.; Acerus Pharmaceuticals Corporation; Antares Pharma Inc.; Bayer AG; BioTE Medical LLC
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the testosterone replacement therapy market are AbbVie Inc., Acerus Pharmaceuticals Corporation, Antares Pharma Inc., Bayer AG, BioTE Medical LLC, Clarus Therapeutics, Eli Lilly and Company, Endo Pharmaceuticals, Pfizer Inc., Teva Pharmaceutical Industries, Acrux Limited, Actiza Pharmaceutical, Aytu BioPharma, Cipla Limited, Sun Pharmaceutical Industries Limited, The Simple Pharma Company UK Limited, and Ferring Pharmaceuticals.
The global testosterone replacement therapy market is expected to grow from $1.75 billion in 2022 to $1.85 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The testosterone replacement therapy market is expected to reach $2.22 billion in 2027 at a CAGR of 4.6%.
The testosterone replacement therapy market includes revenues earned by entities by providing hormone testing, semen analysis, pituitary imaging, genetic studies, and testicular biopsy to treat low testosterone deficiency. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Testosterone replacement therapy refers to hormonal therapy that is used to treat low testosterone (T) levels in males, which can occur with age or as a result of a medical condition.
North America was the largest region in the testosterone replacement therapy market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of testosterone replacement therapy are oral, implants, gel or creams, patches, buccal adhesive, parenteral, and others. Oral is a route of administration where a substance is taken through the mouth such as tablets, capsules, syrups, and others. The major indications of low testosterone are hypogonadism, autoimmune conditions, genetic disorders, sex organ surgeries, and other indications that uses various active ingredient to treat such as testosterone, methyl testosterone, testosterone undecanoate, testosterone enanthate, and testosterone cypionate by the end users hospitals, clinics, and others.
The rising testosterone deficiency is expected to drive the growth of the testosterone replacement therapy market. Testosterone deficiency also refers to hypogonadism the condition of having low testosterone and a body is unable to make enough testosterone. Testosterone replacement therapy is used to raise the body's testosterone levels in the physiological range reverse the effects of hypogonadism and treats symptoms such as reduced libido, erectile dysfunction, depressed mood, anemia, loss of muscle, and others. For instance, according to Western Michigan Urological Associate's report in 2022, a US-based association that specializes in urology, approximately 13 million men in the United States suffer from low testosterone levels, which equals 1 in 4 males over the age of 30. Therefore, the rise in testosterone deficiency is driving the growth of the testosterone replacement therapy market.
Product Innovation has emerged as the key trend gaining popularity in the testosterone replacement therapy market. Major companies operating in the testosterone replacement therapy market are developing innovative products to strengthen their position in the market. For instance, in December 2021, Acesis BioMed, a US-based biomedical company, introduced ACE-167, a non-steroidal oral peptide therapy to treat low testosterone and hypogonadism. ACE-167 is peptide therapy to treat low testosterone and hypogonadism by directing the body's cells to naturally create testosterone as a contrast to anabolic steroids that have serious side-effects and a high potential for abuse as performance-enhancing drugs in testosterone treatment.
In October 2022, Tolmar Pharmaceuticals Inc., a US-based pharmaceutical company operating in testosterone therapy acquired Clarus Therapeutics Inc for an undisclosed amount. Through this acquisition, Tolmar Pharmaceuticals Inc. aims to strengthen its portfolio in urology and men's health by adding JATENZO, a testosterone replacement therapy from Clarus Therapeutics, Inc. Clarus Therapeutics, Inc is a US-based company operating in testosterone replacement therapy.
The countries covered in the testosterone replacement therapy market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The testosterone replacement therapy market research report is one of a series of new reports from The Business Research Company that provides testosterone replacement therapy market statistics, including testosterone replacement therapy industry global market size, regional shares, competitors with a testosterone replacement therapy market share, detailed testosterone replacement therapy market segments, market trends and opportunities, and any further data you may need to thrive in the testosterone replacement therapy industry. This testosterone replacement therapy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Testosterone Replacement Therapy Market Characteristics
3. Testosterone Replacement Therapy Market Trends And Strategies
4. Testosterone Replacement Therapy Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Testosterone Replacement Therapy Market
- 4.2. Ukraine-Russia War Impact On Testosterone Replacement Therapy Market
- 4.3. Impact Of High Inflation On Testosterone Replacement Therapy Market
5. Testosterone Replacement Therapy Market Size And Growth
- 5.1. Global Testosterone Replacement Therapy Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Testosterone Replacement Therapy Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Testosterone Replacement Therapy Market Segmentation
- 6.1. Global Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Oral
- Implants
- Gel Or Creams
- Patches
- Buccal Adhesive
- Parenteral
- Other Products
- 6.2. Global Testosterone Replacement Therapy Market, Segmentation By Indication, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hypogonadism
- Autoimmune Conditions
- Genetic Disorders
- Sex Organ Surgeries
- Other Indications
- 6.3. Global Testosterone Replacement Therapy Market, Segmentation By Active Ingredient Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Testosterone
- Methyl Testosterone
- Testosterone Undecanoate
- Testosterone Enanthate
- Testosterone Cypionate
- 6.4. Global Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hospitals
- Clinics
- Other End-User
7. Testosterone Replacement Therapy Market Regional And Country Analysis
- 7.1. Global Testosterone Replacement Therapy Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Testosterone Replacement Therapy Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Testosterone Replacement Therapy Market
- 8.1. Asia-Pacific Testosterone Replacement Therapy Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Testosterone Replacement Therapy Market
- 9.1. China Testosterone Replacement Therapy Market Overview
- 9.2. China Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Testosterone Replacement Therapy Market
- 10.1. India Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Testosterone Replacement Therapy Market
- 11.1. Japan Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Testosterone Replacement Therapy Market
- 12.1. Australia Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Testosterone Replacement Therapy Market
- 13.1. Indonesia Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Testosterone Replacement Therapy Market
- 14.1. South Korea Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Testosterone Replacement Therapy Market
- 15.1. Western Europe Testosterone Replacement Therapy Market Overview
- 15.2. Western Europe Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Testosterone Replacement Therapy Market
- 16.1. UK Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Testosterone Replacement Therapy Market
- 17.1. Germany Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Testosterone Replacement Therapy Market
- 18.1. France Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Testosterone Replacement Therapy Market
- 19.1. Eastern Europe Testosterone Replacement Therapy Market Overview
- 19.2. Eastern Europe Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Testosterone Replacement Therapy Market
- 20.1. Russia Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Testosterone Replacement Therapy Market
- 21.1. North America Testosterone Replacement Therapy Market Overview
- 21.2. North America Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Testosterone Replacement Therapy Market
- 22.1. USA Testosterone Replacement Therapy Market Overview
- 22.2. USA Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Testosterone Replacement Therapy Market
- 23.1. South America Testosterone Replacement Therapy Market Overview
- 23.2. South America Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Testosterone Replacement Therapy Market
- 24.1. Brazil Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Testosterone Replacement Therapy Market
- 25.1. Middle East Testosterone Replacement Therapy Market Overview
- 25.2. Middle East Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Testosterone Replacement Therapy Market
- 26.1. Africa Testosterone Replacement Therapy Market Overview
- 26.2. Africa Testosterone Replacement Therapy Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Testosterone Replacement Therapy Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Testosterone Replacement Therapy Market Competitive Landscape And Company Profiles
- 27.1. Testosterone Replacement Therapy Market Competitive Landscape
- 27.2. Testosterone Replacement Therapy Market Company Profiles
- 27.2.1. AbbVie Inc
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Acerus Pharmaceuticals Corporation
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Antares Pharma Inc
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Bayer AG
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. BioTE Medical LLC
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Testosterone Replacement Therapy Market
29. Testosterone Replacement Therapy Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer