Testosterone Replacement Therapy Market

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Testosterone Replacement Therapy Market

• Testosterone Replacement Therapy Market to Reach
  2.9 billion Globally, by 2032 at 4.2 CAGR
  Allied Market Research

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Prime determinants of growth

• The market for testosterone replacement therapy
  is anticipated to experience substantial growth
  due to an increased prevalence of hypogonadism,
  heightened awareness regarding men's health and
  overall well-being, and surge in geriatric
  population.
• According to the report, the testosterone
  replacement therapy market was valued at  1.9
  billion in 2022 and is estimated to reach  2.9
  billion by 2032, exhibiting a CAGR of 4.2 from
  2023 to 2032.
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2023 Recession Impact Analysis

• The 2023 recession had moderate impacted the
  testosterone replacement therapy.
• The economic uncertainty has led to the decreased
  disposable income, which has negatively impacted
  the testosterone replacement therapy
• However, the market is expected to recover owing
  to rise in geriatric population and surge in
  prevalence of hypogonadism.
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The North America to maintain its lead position
during the forecast period

• Region wise, the North America accounted for the
  largest share in 2022, accounting for nearly half
  of the testosterone replacement therapy revenue
  owing to well-established healthcare
  infrastructure and rise in geriatric population.
  However, Asia-Pacific segment is expected to
  register highest CAGR during the forecast period
  owing to surge in incidence of hypogonadism and
  rise in prevalence of obesity.
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Leading Market Players

• AbbVie Inc
• Besins Healthcare SA
• Acerus Pharmaceuticals Corporation
• Amneal Pharmaceuticals Inc.
• Acrux Ltd.
• Endo International Plc
• Biote Medical, LLC
• Pfizer Inc.
• Insud Pharma S.L
• Marius Pharmaceuticals

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Contact

• David Correa
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