Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.63 Billion | USD 5.83 Billion | 5.4% | 2023 |
Zion Market Research has published a report on the global Male Hypogonadism Market, estimating its value at USD 3.63 Billion in 2023, with projections indicating that it will reach USD 5.83 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.4% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Male Hypogonadism industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Male hypogonadism is a medical condition, wherein the testes fail to generate enough testosterone which leads to incomplete development or delayed puberty. The condition is related to the development of breast tissues, impaired development of muscle mass, lack of deepening of the voice, and impaired body hair growth.
The male hypogonadism market is globally segmented into therapy, drug delivery, and type.
On the basis of therapy, the market is segregated into testosterone replacement therapy and gonadotropin-releasing hormone therapy.
The gonadotropin-releasing hormones therapy is further sub-divided into luteinizing hormone (LH), human chorionic gonadotropin (hCG), follicle-stimulating hormone (FSH), and gonadotropin-releasing hormone (GnRH).
Based on the drug delivery, the market is categorized into injectables, topical gels, transdermal patches, and others.
Depending on the type, the market is divided into Kallmann syndrome, Klinefelters syndrome, pituitary disorders, and others.
The key factor that is driving the male hypogonadism market includes increasing cases of testosterone deficiency among men, increasing awareness among people about hypogonadism treatment owing to awareness drives that are organized by several governments across the world, and increasing infertility rates.
The high risk of hypogonadism among the aged population with obesity and diabetes and escalating cases of chronic disorders among the geriatrics are further boosting the market’s growth. On the other hand, factors such as the high side effects of testosterone products challenge the growth of the market.
The market players are focusing on research and development activities to introduce newer products with fewer or negligible side effects and better results. Technological advancements are anticipated to extend new opportunities to the market’s growth.
Report Attributes | Report Details |
---|---|
Report Name | Male Hypogonadism Market |
Market Size in 2023 | USD 3.63 Billion |
Market Forecast in 2032 | USD 5.83 Billion |
Growth Rate | CAGR of 5.4% |
Number of Pages | 110 |
Key Companies Covered | 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, and IBSA Institut Biochimque |
Segments Covered | By Therapy, By Drug Delivery, By Type And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The male hypogonadism market can be segmented into regions such as North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. North America dominates the market owing to the increase in the number of individuals that are suffering from the primary and secondary conditions of hypogonadism, and the rising awareness among the people about treatment. Other factors that contribute to this growth are the presence of unconventional healthcare infrastructure and the growing popularity of technologically advanced products which will offer new opportunities to the top market players in this market.
The region is strongly followed by Europe. Asia-Pacific region is expected to offer productive opportunities to this market owing to the modernization of the healthcare infrastructure in the developing economies of India and China and the growing awareness about the treatment for the condition. In the Asia Pacific, there is a rise in the number of people that suffer from hypogonadism and infertility rates coupled with the rise in the geriatric population base having obesity and diabetes are triggering the growth of the market.
Some of the key market players that are involved in the male hypogonadism market include-
The report segments the Global Male Hypogonadism market as follows:
Global Male Hypogonadism Market: Therapy Segment Analysis
Global Male Hypogonadism Market: Drug delivery Segment Analysis
Global Male Hypogonadism Market: Type Segment Analysis
Global Male Hypogonadism Market: Regional Segment Analysis
FrequentlyAsked Questions
Male hypogonadism is a medical condition, wherein the testes fail to generate enough testosterone which leads to incomplete development or delayed puberty.
The key factor that is driving the male hypogonadism market includes increasing cases of testosterone deficiency among men, increasing awareness among people about hypogonadism treatment owing to awareness drives that are organized by several governments across the world, and increasing infertility rates.
According to a study, the global male hypogonadism Industry size was $3.63 Billion in 2023 and is projected to reach $5.83 Billion by the end of 2032.
The global male hypogonadism market is expected to grow at a CAGR of 5.4% during the forecast period.
Some of the key market players that are involved in the male hypogonadism market include 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, and IBSA Institut Biochimque
The global male hypogonadism market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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