Research Nester published a report titled “Testosterone Injectable Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of theglobaltestosterone injectable market in terms of market segmentation by dosage form, age group, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global testosterone injectable market is estimated to occupy a large amount of revenue by growing at a CAGR of ~4% during the forecast period, i.e., 2022 – 2031, ascribing to the rapidly growing number of elderly people across the globe, and the high susceptibility of this population to testosterone deficiency. Along with these, rising number of cases of testosterone deficiency and hormonal imbalance disorders, and increasing awareness regarding testosterone injectables worldwide are also expected to drive the growth of the market in the forthcoming years.
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The market is segmented by dosage form, age group and end user. Based on dosage form, the hypogonadism segment is anticipated to occupy the largest share during the forecast period in view of the high usage of testosterone injectables for bringing testosterone levels to normal in patients with male hypogonadism. Additionally, by end user, the hospitals segment is projected to grab the largest share over the forecast period attributing to the availability of advanced medical equipment, and high emphasis of patients to get treatment from a hospital facility.
Geographically, the global testosterone injectable market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to gather the largest share in the market during the forecast period attributing to the increasing prevalence of hypogonadism, and ample availability of testosterone injectables in the region. Moreover, the market in Europe is also assessed to acquire a notable share over the forecast period on the back of the rapidly rising geriatric population, and presence of well-established healthcare infrastructure in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Growing Prevalence of Testosterone Deficiency and Hormonal Imbalance Disorders Globally to Drive Market Growth
Over the last few years, as a result of rapidly changing lifestyles and habits across the world, the total incidences of testosterone deficiency and hormonal imbalance disorders have witnessed a significant upsurge. This is assessed to boost the demand for testosterone injectables, which in turn is anticipated to drive notable growth to the market in the near future.
However, side effects of testosterone injectables are expected to operate as key restraint to the growth of the global testosterone injectable market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global testosterone injectable market which includes company profiling of Bayer AG, Endo Pharmaceuticals Inc., Eli Lilly & Company, Kyowa Kirin International plc, Mylan N.V., Novartis AG, Pfizer, Inc., Allergan Plc, AbbVie Inc., Longyan Tianhua Biological Technology Co. Ltd, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global testosterone injectable market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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