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A01544 | Pages: 150 | Charts: 55 | Tables: 133 |
The global male hypogonadism market size was $3.1 billion in 2020, and is projected to reach $5.1 billion by 2030, growing at a CAGR of 5.1% from 2021 to 2030. Male hypogonadism is a medical disorder in which the testes do not produce enough testosterone, resulting in a lack of muscle mass development, impaired body hair growth, development of breast tissues, and lack of voice deepening. It is the outcome of testicular issue or disorder that affects the hypothalamus and pituitary gland. Hypogonadism affects various organs and one's quality of life. The indications and symptoms of the deficiency vary depending on when it was initially developed, severity of the deficiency, and whether or not the primary functions of the testes are impacted.
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Male hypogonadism market trends include rise in prevalence and incidence of testosterone deficiency in males, increase in infertility rates, and surge in awareness of male hypogonadism treatment choices among the patient population drive the growth of the male hypogonadism market. Furthermore, risk of getting affected by hypogonadism is very high in the geriatric population as well as in the population suffering with obesity and diabetes. Thus, growth in geriatric population and rise in incidence of chronic lifestyle disorders, including obesity and diabetes drive male hypogonadism market growth. However, testosterone replacement treatment (TRT) hampers male hypogonadism industry, owing to severe adverse after effects of external testosterone hormone injection. Conversely, technological developments are expected to create new male hypogonadism market opportunity for growth during the forecast period. Thus, male hypogonadism market forecast looks promising owing to aforementioned growth factors.
Market Segmentation
The global male hypogonadism market is segmented on the basis of therapy, drug delivery and type. Depending on therapy, it is categorized into testosterone replacement therapy and gonadotropin & gonadotropin-releasing hormones therapy. The gonadotropin & gonadotropin-releasing hormones therapy segment is categorized into luteinizing hormone (LH), follicle-stimulating hormone (FSH), human chorionic gonadotropin (HCG), and gonadotropin-releasing hormone (GNRH). According to drug delivery, it is fragmented into topical gels, injectable, transdermal patches, and others. As per type, it is segregated into Klinefelter’s syndrome, Kallmann syndrome, pituitary disorders, and others. Region wise, it is analyzed across North America, Europe, Asia Pacific, and LAMEA.
Depending on therapy, testosterone replacement therapy held largest male hypogonadism market share in 2020 while Gonadotropin and Gonadotropin Releasing Hormone Therapy is anticipated to be the fastest growing segment in the forecast period
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According to drug delivery, topical gels segment dominated the market in 2020 owing to rise in prescription of topical gels compared to other dosage forms. Moreover, transdermal patches segment is anticipated to be the fastest growing segment with a CAGR
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As per the type, pituitary disorder segment dominated the market in 2020 and is also expected to grow at highest CAGR of 5.8% during the forecast period. The growth of pituitary disorder segment is owing to surge in genetic disorders in aging population
[TYPEGRAPH]
Region wise, North America dominated the market 2020 owing to increase in awareness campaigns of men healthcare and surge in primary and secondary hypogonadism cases. Asia-Pacific is anticipated to be the fastest growing segment with a CAGR of 7.9%, owing to the increase in number of people with medical expertise and surge in awareness schemes and campaigns for health of men.
[REGIONGRAPH]
Major key players operating in the global male hypogonadism market are Allergan PLC., Bayer AG, Eli Lily & Company, Endo Iternational PLC., Ferring Holdings SA, Finox Biotech, Merck & Co. Inc., Pfizer, Perrigo Company PLC., Teva Pharmaceutical Industries Ltd.
Key Market Segments
Key Market Players