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Estrogen Replacement Therapy Market size is projected to witness lucrative growth rate during the forecast period i.e., between 2024-2036.
As per the National Health Service in UK, the menopause usually occurs between the age of 45 and 55 years. The average age for a woman to reach menopause in the United Kingdom is 51 after which the estrogen levels begin to decrease in the body. However, it was reported that about 1 in every 100 women experience menopause before the age of 40 years, which is known as premature menopause or premature ovarian insufficiency. As a result of this, the number of women going through the menopause is predicted to increase at a high rate, thereby raising the demand for estrogen replacement therapy.
Growth Drivers
Relief from Menopausal Symptoms to Raise the Demand for Estrogen Therapy
According to a report published by the Centers for Disease Control and Prevention in 2017, around 27.1% of postmenopausal women between the ages 40 and 59 were highly likely to have trouble falling asleep as compared with premenopausal women. Moreover, about 55.1% of postmenopausal women aged between 40 and 59 were more likely than premenopausal women to wake up not feeling well rested for at least 4 days per week. Growing awareness among women about the serious implications of menopause which can lead to disorders and discomfort and affect their daily lives has resulted in the increasing adoption of hormone therapies such as estrogen replacement therapy by women. This is anticipated to lead to substantial market growth during the forecast period.
Availability of Various Types of Therapies to Drive the Market Growth
The rising population of post-menopausal women is attributed to the growing demand for improved estrogen replacement therapies with better efficacy and lesser side-effects. Further, the benefits of estrogen therapy in improving health conditions such as osteoporosis are estimated to increase the demand in near future. On account of these factors, the market growth is anticipated to witness a notable hike over the forecast period.
Challenges
Side-Effects Linked with the Use of Estrogen Therapy to Restrict the Market Growth
Medications containing hormones show certain side-effects which might be either mild or serious. Moreover, estrogen replacement therapy cannot be used in case women have the conditions such as liver problems, bleeding disorder, pregnancy, severe reactions to estrogen medicines among other health conditions. This is estimated to hamper the market growth in the next few years.
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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Regional Scope |
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The market is segmented by route of administration and by region. On the basis of route of administration, the market is segmented into oral, topical, transdermal, vaginal and parenteral, out of which, the oral segment is anticipated to hold the largest share in the estrogen replacement therapy market on account of ease of administration of estrogen in the oral forms such as tablets and capsules. Bijuva, an estrogen and progesterone therapy manufactured by TherapeuticsMD, Inc., received FDA approval in 2018.The therapy is for oral use in the form of capsules and is recommended to be taken one daily.
Our in-depth analysis of the global market includes the following segments
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By Route of Administration |
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On the basis of regional analysis, the estrogen replacement therapy market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America industry is estimated to account for largest revenue share by 2036, driven by rising number of older women undergoing the menopause, which is increasing the demand for estrogen therapy in order to provide comfort and make daily life easier. The market in Europe is projected to hold a significant share in the market as well owing to advancements in technology in the healthcare industry which is resulting in development of new and improved estrogen replacement therapies with lesser side effects.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
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