The 7 major hypogonadism markets reached a value of US$ 6.6 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 9.6 Billion by 2034, exhibiting a growth rate (CAGR) of 3.43% during 2024-2034.
Report Attribute
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Key Statistics
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---|---|
Base Year |
2023
|
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 6.6 Billion |
Market Forecast in 2034
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US$ 9.6 Billion |
Market Growth Rate 2024-2034 | 3.43% |
The hypogonadism market has been comprehensively analyzed in IMARC's new report titled "Hypogonadism Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Hypogonadism is a medical disorder that occurs when the body doesn't produce enough sex hormones responsible for the development of sexual characteristics and the regulation of reproductive functions. In children, this condition manifests as a lack of growth and development at the standard age for puberty, incomplete formation of sexual attributes, short stature, inability to smell, etc. Some of the common symptoms of hypogonadism in males include decreased sex drive, erectile dysfunction, infertility, lowered muscle mass, reduced facial or body hair, etc. In females, hypogonadism may cause irregular periods, infertility, hot flashes, a relatively low sexual drive, etc. The healthcare provider may review the patient's symptoms and medical history and perform a physical exam to establish a diagnosis. Several common laboratory tests and procedures, such as genetic testing, blood workup, pelvic ultrasound, etc., are also utilized to confirm the disease. Additionally, an MRI of the pituitary gland or hypothalamus can be required to visualize a tumor or other abnormal growth in the patients.
The increasing prevalence of testis and ovary disorders caused by genetic defects, injury, infection, radiation or chemotherapy, autoimmune diseases, etc., is primarily driving the hypogonadism market. In addition to this, the rising incidence of several risk factors, such as pituitary or hypothalamic tumors, head trauma, obesity, chronic illnesses, excessive alcohol consumption, smoking, etc., is also propelling the market growth. Furthermore, the inflating adoption of effective medications, including selective estrogen receptor modulators (SERMs) and selective androgen receptor modulators (SARMs), to help direct the development of sexual features and lessen the symptoms of the ailment, is acting as another significant growth-inducing factor. Apart from this, the escalating application of hormone replacement therapy for restoring hormone levels to the normal physiological range and combating the effects of the underlying condition is also creating a positive outlook for the market. Additionally, the emerging popularity of subcutaneous hormone pellet implant, which offers a hassle-free treatment alternative to provide sustained and steady testosterone and/or estradiol levels, is expected to drive the hypogonadism market in the coming years.
IMARC Group's new report provides an exhaustive analysis of the hypogonadism market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for hypogonadism and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the hypogonadism market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current hypogonadism marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
---|---|
Fortesta (Testosterone topical Tostrex) | ProStrakan |
Androderm (Testosterone-transdermal TheraDerm LRS) | AbbVie |
Jatenzo (Testosterone undecanoate) | Tolmar Pharmaceuticals |
Xyosted (Testosterone enanthate auto-injection) | Antares Pharma |
Elonva (Corifollitropin alfa) | Merck & Co |
BGS649 | Mereo BioPharma |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Hypogonadism: Current Treatment Scenario, Marketed Drugs and Emerging Therapies