North America Hormone Replacement Therapy Market: Share, Industry Trends, Price, Size, Demand and Forecast to 2020-2025 – 3rd Watch News

Posted: July 3, 2020 at 11:44 pm

According to the latest report by IMARC Group, titled North America Hormone Replacement (HRT) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025, the hormone replacement market in North America reached a value of US$ 502.6 Million in 2019. Hormone replacement therapy (HRT) is the most effective treatment that is used to supplement the hormones present in low levels in the human body. This treatment is usually suggested for patients who are experiencing growth hormone deficiency, women nearing menopause and elderly who are suffering from hypogonadism.

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HRT is considered to be useful in treating the symptoms of menopause like night sweats, hot flashes, vaginal dryness and sexual function. It also aids in minimizing the risk of cardiovascular diseases, colorectal cancer, vasomotor symptoms and osteoporosis. Apart from this, countries in the North America region support the medical transition. For instance, the Canadian Bar Association favors this process of altering primary or secondary sex characteristics through hormone therapy or a variety of surgical procedures, which in turn is boosting its demand across the region. Moreover, technological advancements, coupled with the increasing investments in research and development (R&D) activities to enhance the quality and efficiency of hormone replacement therapies, are further providing a thrust to the market growth. Looking forward, IMARC Group, expects the market to reach levels worth US$ 5.0 million by 2025 exhibiting a CAGR of 5.2% during 2020-2025.

Market Breakup by End-User:

Market Breakup by Regions:

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North America Hormone Replacement Therapy Market: Share, Industry Trends, Price, Size, Demand and Forecast to 2020-2025 - 3rd Watch News

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