Male Hypogonadism Market is triggered by an increase in the prevalence and incidence of men with testosterone deficiency, an increase in infertility rates, and an increase in the patient population’s awareness of options for sexually transmitted disease treatment by certain government campaigns.
In addition, the risk of germs is very high in the elderly population and in obese and diabetic populations. The increase in the elderly population and the occurrence of chronic lifestyle disorders (obesity and diabetes) are expected to further stimulate market growth.
Male Hypogonadism Market is projected to reach $3,426 million by 2026, growing at a CAGR of +4%. Pituitary disorders account for almost half of the total market share in 2016 and is expected to remain dominant over the analysis period.
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Top Key Players are including in this report: Astrazeneca Plc., Merck & Co. Inc., Laboratories Genevrier, Allergan Plc., Endo International Plc., Ferring, AbbVie Inc., Eli Lilly and Company Ltd., Finox Biotech, Teva Pharmaceutical Industries Ltd., Bayer AG, IBSA Institut Biochimque etc.
Hypogonadism in the male is a clinical condition in which the testes fail to produce sufficient testosterone, resulting in decreased development of muscle mass, loss of body hair growth, development of breast tissue and a lack of vocalization.
However, the high side effects of all testosterone products are expected to hamper the growth of the testosterone replacement therapy (TRT) segment in this market. Technology advancement is expected to provide new opportunities during the forecast period.
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Types of Male Hypogonadism covered are:
- Testosterone Replacement Therapy
- Gonadotropin-Releasing Hormones Therapy
Applications of Male Hypogonadism covered are:
- Kallmann Syndrome
- Klinefelters Syndrome
- Pituitary Disorders
North America accounted for the majority of market share in 2016 and is expected to dominate throughout the forecast period. This is due to an increase in the population suffering from primary and secondary causes of hypogonadism and an increase in patient awareness of the usefulness of treatment options.
The high adoption rate of high technology products and the presence of highly sophisticated medical infrastructure are expected to create new growth opportunities for key players in this market. Europe is expected to register the highest CAGR of +7% during the analysis period with an increase in the adoption of western lifestyle, an increase in unhealthy eating habits, and an increase in the population with hypogonadism. Growth of urbanization.
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- Global Male Hypogonadism Market Overview
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- Global Male Hypogonadism Market Effect, Factors, Analysis
- Global Male Hypogonadism Market Forecast