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(MoneyNewsWire.Net, May 09, 2018 ) Hormone Replacement Therapy (HRT) in postmenopausal women is generally defined as treatment with estrogen or a combination of oestrogen plus progestogen. In 2016, the Europe Hormone Replacement Therapy Market is valued at USD 4.10 billion and is predicted to become a USD 5.68 billion market by 2021, growing at a CAGR of 6.75%.
The key growth driver of the Europe hormone replacement therapy market is the increasing awareness about post-menopausal problems amongst women. The other noteworthy growth drivers are availability and development novel formulations, presence of unmet medical needs which require the employment of hormone therapy.
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However, the risk of side effects, such as bleeding, bloating, mood changes, and nausea, breast tenderness or enlargement, headaches, risk of breast cancer, heart disease, and stroke is blocking the growth of the market. Along with this, high cost of therapy is acting as a major hurdle. This is limiting its reach to middle class consumers especially in the emerging nations of Central and Eastern Europe. Further, women with high susceptibility to coronary diseases, who are present in significant numbers in the European countries are kept away from taking hormone replacement therapy.
The Europe hormone replacement therapy market is analysed on the basis of hormone type into Estrogen Replacement Therapy, Growth Hormone Replacement Therapy, Thyroid replacement therapy and others. Responsible for more than half of the market revenues, the estrogen replacement therapy segment dominates the Europe market. The largest consumers of estrogen replacement therapy are post-menopausal women. Growth hormone therapy is used for children, while thyroid replacement therapies are applied to elderly people. Further, on the basis of route of administration the market is segregated under oral, parenteral, transdermal and other routes. The oral route of administration is regarded as one of the safest and most preferred routes of drug administration.
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Further, on the basis of geography, the hormone replacement therapy market is analysed under countries namely, United Kingdom, France, Germany, Italy and Spain. France provides ample opportunities for hormone replacement therapy industry and with more than 50% of the women with menopause symptoms are reported to take hormone replacement therapy.
Some of the key players of hormone replacement industry operating in the European Region are Pfizer, Mylan Laboratories, Novartis, Merck & Co., Bayer, Amgen, Eli Lily, Novo Nordisk, F. Hoffmann-La Roche, Abbott Laboratories, Wyeth and Hisamitsu Pharmaceutical Co. Inc.
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