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Hormone Replacement Therapy Market Is Set to Expand at a CAGR Of 5.7% To reach US$ 27.8 Billion By The Year 2032: FMI

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Companies Profiled in Hormone Replacement Therapy Market are Eli Lilly and Company, Pfizer, Inc., AbbVie, Inc., Novo Nordisk A/S, Merck KGaA, Mylan N.V., Bayer Healthcare, F. Hoffmann-La Roche Ltd., Teva Pharmaceuticals, Endo International, Sun Pharmaceutical Industries Ltd, Tolmar Pharmaceuticals, Inc., Novartis AG, Upsher-Smith Laboratories Inc., SottoPelle, Neuva Aesthetics, Ascend Therapeutics

DUBAI, United Arab Emirates, April 19, 2022 (GLOBE NEWSWIRE) — As per Future Market Insights (FMI), the global hormone replacement therapy market was valued at around US$ 15.2 Bn in 2021 and is anticipated to exhibit a CAGR of close to 5.7% over the forecast period (2022-2032).
Hormone replacement therapy (HRT) is predominantly used to relieve post-menopause symptoms. HRT replaces hormones that are low in levels as women approach menopause.

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A list of Key Players Covered in the Hormone Replacement Therapy Market Are:

  • Eli Lilly and Company
  • Pfizer, Inc.
  • AbbVie, Inc.
  • Novo Nordisk A/S
  • Merck KGaA
  • Mylan N.V.
  • Bayer Healthcare,
  • F. Hoffmann-La Roche Ltd.
  • Teva Pharmaceuticals,
  • Endo International,
  • Sun Pharmaceutical Industries Ltd,
  • Tolmar Pharmaceuticals, Inc.,
  • Novartis AG,
  • Upsher-Smith Laboratories Inc.,
  • SottoPelle,
  • Neuva Aesthetics,
  • Ascend Therapeutics

During menopause, several women experience painful symptoms such as vaginal dryness and hot flashes. Hormone therapy or menopausal hormone therapy, is considered as an efficient treatment option for menopausal symptoms as it balances the hormone levels in the body. On account of these factors, the demand for HRT is projected to surge during the forecast period.

In addition, demand for hormone replacement therapy increases with growing awareness related to biological drugs for treatment of cancer. The market for biologics and protein products has developed owing to innovations in analytics observed over the past two decades.

This is due to the advanced analytical techniques which allows an in-depth physicochemical comparison of complex protein molecules and protein drugs. This in turn helps in the research and development of new drugs and therapy.
As per FMI, the market presents high growth opportunities in emerging countries such as China and India. Emerging countries are focused upon improving their healthcare infrastructure due to increasing resources and large patient pool in these regions.

In addition, necessary medications are imported from developed regions due to the lack of several manufacturers in developing regions, which increases their cost. Hence, key players are expanding their manufacturing capacity to generate revenue from hormone replacement therapy.

Browse Detailed Summary of Research Report with TOC: https://www.futuremarketinsights.com/reports/hormone-replacement-therapy-market

Key Takeaways from Market Study

  • By therapy type, the estrogen replacement therapy segment is expected to hold over 37.8% market value share by the end of 2032.
  • By dosage form, oral tablets/capsules segment is leading with over 41.4% of market share by 2032.
  • By indication, menopause segment will exhibit robust growth at a CAGR of 5.4% over the assessment period.
  • By end-user, hospitals held the highest segment share in terms of the market share value of 55.3% in 2021.
  • North America is considered the leading region with a value share of 30.1% by the end of the forecast period, owing to the presence of larger number of CROs and CMOs in the U.S.

“With increasing prevalence of autoimmune disorders and expenditure to accelerate R&D activities, the hormone replacement therapy market is expected to witness advancements over the forecast period,” says an analyst of Future Market Insights.

Market Competition
Companies are adopting strategies such as mergers and acquisitions to gain competitive edge. Leading manufacturers such as Eli Lilly and Company, AbbVie, and Endo International plc are also adopting these strategies to enhance their presence in the market
For instance:

  • In July 2021, Eli Lilly and Company acquired Protomer Technologies to identify and synthesize molecules, which can sense glucose or other endogenous modulators of protein activity.
  • In May 2020, AbbVie acquired Allergan plc, following the receipt of regulatory approval from all government authorities required by the transaction agreement and approval by the Irish High Court.
  • In December 2020, Endo International plc acquired BioSpecifics Technologies Corp., which is a commercial-stage biopharmaceutical company.

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Want more insights?
Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2032. The global hormone replacement therapy market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on hormone replacement therapy market segment based on therapy area – (Estrogen replacement therapy, testosterone replacement therapy, thyroid hormone replacement therapy, growth hormone replacement therapy, and progestogen hormone replacement therapy), dosage form- (Injections, Gels/Creams, Implants, Patches, Oral Tablets/Capsules, and Others), indication (menopause, male hypogonadism, hypothyroidism, growth hormone deficiency, chromosomal disorder, cancer, and others) end-user (hospitals, speciality clinics, ambulatory care centres, and others) across seven major regions.

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1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

    2.3. Inclusion & Exclusion

3. Key Market Trends

    3.1. Key Trends Impacting The Market

    3.2. Innovation / Development Trends

4. Value added Insights

    4.1. Regulatory Scenario

    4.2. Key Promotional Strategies by Service Provider

    4.3. PESTLE Analysis

    4.4. Porter’s Analysis

    4.5. Ice-Berg Analysis

5. Market Background

    5.1. Macro-Economic Factors

        5.1.1. Global GDP Growth Outlook

        5.1.2. Global Healthcare Expenditure Outlook

        5.1.3. Pharmaceutical Market Outlook

    5.2. Forecast Factors – Relevance & Impact

        5.2.1. Hormones in Pipeline

        5.2.2. Rising Incidence of hormone deficiency and infertility in women

        5.2.3. Rapid Growth in Cosmetic Procedures

    5.3. Market Dynamics

        5.3.1. Drivers

        5.3.2. Restraints

        5.3.3. Opportunity Analysis

TOC Continued…!

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Have a Look at Related Research Reports:

Knee Replacement MarketThe knee replacement market is anticipated to register a CAGR of 6% during the forecast period, up from US$ 8.27 Bn in 2021 to reach a valuation of US$ 15.7 Bn by 2032.

Skin Replacement MarketThe skin replacement market share is expected to increase at a 6.4 percent CAGR from US$ 838.0 million in 2018 to US$ 1,202.2 million in 2024. The rising frequency of dermatological disorders is a major driving force for the demand for skin replacement.

Transcatheter Heart Valve Replacement (TAVI) MarketThe transcatheter heart valve replacement market is predicted to advance at an impressive CAGR of 12% from 2022 to 2032. The demand for transcatheter heart valves is being boosted by technological advancements in surgical procedures.
Revision Knee Replacement MarketRevision knee replacement also known as revision total knee arthroplasty, is a procedure in which already implanted artificial knee joint, or prosthesis is replaced with a new prosthesis.

Pulmonary Heart Valve Replacement MarketPulmonary heart valve replacement is a type of surgery to cure disorder related to heart pulmonary valve. Pulmonary valve is one out of four valves in the heart which regulates the flow of blood in the heart.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Artificial Intelligence

Dongfa Group’s Gas Scenario + Digital Twin Technology, Leads the Industry with New AI Trend

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–Highlights of the 2024 Exhibition
SHANGHAI, May 23, 2024 /PRNewswire/ — From May 17 to 19, 2024, China(Shanghai) International Metrology Measurement Technology and Equipment Exhibition was held at the Shanghai World Expo Exhibition and Convention Center. Dongfa Group participated in the exhibition, showcasing its latest research achievements. At the expo, Chairman Liu Ming of Dongfa Group conducted the lighting ceremony and announced the official launch of the “Smart Gas Comprehensive Supervision Platform,” demonstrating the convenience and efficiency achieved through the smart management of municipal gas meters.

Dandong Dongfa (Group) Co., Ltd., established in 1962 and headquartered in Singapore, was formerly known as Dandong Thermal Instrument Co., Ltd. As an integrated group company engaged in research, production, and operations, Dongfa Group is dedicated to the development and application of instruments and meters. Its product range includes IC card gas meters, wired direct-reading remote diaphragm gas meters, wireless direct-reading remote diaphragm gas meters, NB-IoT IoT meters, and ultrasonic gas meters. These products incorporate the technical features of similar domestic and international products, offering high accuracy, reliability, and stability, making the company a leading smart gas meter manufacturer in China.
At the expo, Dongfa Group showcased its Smart Gas Comprehensive Supervision Platform, which integrates AI, IoT, cloud computing, and big data. This platform connects the topological structure of all aspects of gas operations and consolidates all relevant data involved in production management and operation maintenance. This integration enhances the comprehensive research and development and operational maintenance capabilities of the big data governance system.
At the same time, Dongfa Group is empowering comprehensive management and control with digital twins, AI, and big data. By leveraging digital twins, AI models, and 5G technology as data elements, the company is constructing a unified citywide network and a digital twin map of the gas pipeline network. This enables deep integration of AI monitoring, pressure and leakage detection, smart terminals, and other sensing devices with gas operations, ensuring the comprehensive safety and supply of urban gas.
Digital twin gas technology not only provides auxiliary support for pipeline design, but also plays a crucial role in intelligent emergency response and precise distribution. Especially in the operation of gas stations, it enables comprehensive real-time monitoring, intelligent integrated operation scheduling, proactive warning, emergency event command plans, and other effects, thereby improving the efficiency and safety of gas management.
However, there have been numerous incidents of data leakage involving smart AI devices in recent years. Sensitive data is being collected or even sold by malicious actors, leading to the disclosure of confidential information, resulting in significant economic losses and even legal risks.
To ensure the security of both enterprise and user data, Dongfa Group utilizes Digital Envelope technology to encrypt and decrypt data packets during data collection and distribution. This approach combines the advantages of both symmetric and asymmetric encryption technologies for secure information transmission, enabling fast, efficient, and secure encryption and decryption processing for the smart gas digital business sector. This ensures the security and integrity of data during transmission.
Visitors at the expo showed strong interest in the new products and technologies exhibited by Dongfa Group. Dongfa Group has always been committed to driving the development of the smart instrumentation industry through technological innovation. Through this exhibition, the company not only showcased its technical prowess but also strengthened communication and collaboration with industry peers. Looking ahead, they aim to join hands in opening a new chapter in the smart instrumentation industry.
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Artificial Intelligence

QNAP S3-compatible Storage Solution “QuObjects” Certified as Veeam® Ready – Object with Immutability

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TAIPEI, May 23, 2024 /PRNewswire/ — QNAP® Systems, Inc., a leading computing, networking, and storage solution innovator, today announced that its S3-compatible object storage solution “QuObjects” has qualified as Veeam® Ready – Object with Immutability, applicable for QNAP NAS with QTS and QuTS hero operating systems. This certification underscores the reliability of QuObjects as a secure object backup solution for enterprises, enhancing data management efficiency and upmost security.

QuObjects is the S3 object storage solution for QNAP NAS, boasting read/write speeds 20 times faster than conventional cloud services, along with a highly flexible and scalable architecture to ensure efficient transmission and flexibility in object storage. From object service development to demanding workloads like machine learning and data lakes, QuObjects assists enterprises in achieving diverse application needs with higher cost effectiveness.
QuObjects supports Object Lock to ensure data immutability, further safeguarding against ransomware threats, cyberattacks, or human error. Coupled with access controls and authentication features, it provides comprehensive protection for object data security.
Jimmy Tam, Product Manager of QNAP, stated “Data security is critical for enterprises. With QuObjects certified by Veeam Ready – Object with Immutability, we empower organizations leveraging Veeam solutions to confidently opt for QNAP NAS for on-prem S3 object storage and backup, enjoying rapid transmission, extensive scalability, and steadfast security.”
QNAP is the preferred partner for Veeam object backup solutions. Learn more at Veeam Ready Object Partner and QNAP QuObjects- S3 Object Storage.
For more information and to view the full QNAP NAS lineup, please visit www.qnap.com.
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Tencent Announces Winners of Flagship CarbonX Program to Combat Climate Change

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SHENZHEN, China, May 23, 2024 /PRNewswire/ — Tencent (00700.HK) is awarding 13 exceptional teams that won the first phase of its groundbreaking CarbonX Program, which is aimed at boosting promising new climate technologies. The winners, which emerged from a pool of 30 finalists and more than 300 initial applications, will receive a total of around RMB 100 million (US$14 million) in financial support from Tencent. It showcases the company’s commitment to driving sustainable social innovations in the fight against climate change.

CarbonX was launched in March 2023 to advance the next generation of low-carbon technologies. Tencent has committed RMB 200 million (US$28 million) in catalytic funding over the next three years to innovative ideas that might otherwise languish or fail to gain traction.
CarbonX’s first phase focused on carbon capture, utilization, and storage (CCUS), as well as technology-based carbon removal. These solutions were chosen for their unique ability to curb emissions from hard-to-abate industries such as steel and cement, mitigate the continued reliance on fossil fuels, and reduce legacy emissions created from decades of industrialization.
Backed by Tencent’s mission of Tech for Good and an alliance of like-minded industry partners, CarbonX aims to help these cutting-edge technologies make the leap from the research or early startup stage to commercial scale. The ultimate goal is supporting them in making a significant impact toward the targets outlined in the Paris Agreement, which includes a 45 percent reduction in emissions by 2030 and achieving net-zero emissions by 2050.
Dr. Hao Xu, Tencent’s Vice President of Sustainable Social Value and Head of Tencent’s Carbon Neutrality Lab, said: “Technology innovation serves as the driving force to accelerate our progress toward achieving carbon neutrality. CarbonX program is aimed at fostering the growth of these technologies, driving positive impact across society, and laying the groundwork for a more sustainable future.”
Professor Jerry Yan, Chair Professor of the Hong Kong Polytechnic University and Co-chairman of the CarbonX expert committee, said: “To pave the path for a greener economy, we must champion the development of cutting-edge low-carbon technologies. Just as solar and wind power were nurtured in their infancy, emerging solutions like CCUS and tech-based carbon removal demand our early support.”
The program assembled a panel of experts from academia, industries, and the investor community as the jury, and welcomed submissions from diverse participants across three distinct tracks:
CarbonX Lab: Designed to incubate research institutions, universities, or labs that bring in game-changing climate solutionsCarbonX Accelerator: Designed to accelerate the growth of climate-tech startups that exhibit commercialization potentialCarbonX Infrastructure: Designed to support capacity building to facilitate industry developmentThe finalists comprise four projects from the Lab track, six from the Accelerator track, and three from the Infrastructure track. These projects explore innovative solutions, such as using steel slag to capture and store carbon directly from furnace exhaust, converting CO2 into sustainable aviation fuel and valuable chemicals through electrochemical reactions or microorganisms, and employing new approaches to directly capture CO2 from the atmosphere with the hope of slashing the cost to less than US$150 per ton.
Meanwhile, Tencent is also collaborating with Tsinghua University to develop a comprehensive system of Measure, Reporting and Verification (MRV) tools to accurately gauge progress toward decarbonization.
Aside from receiving financial and advisory support, several projects will also have the opportunity to collaborate with industry partners and test their research beyond the laboratory setting.
Building upon the success of the first phase, Tencent is poised to launch the second iteration of CarbonX globally as early as later this year in pursuit of early-stage climate tech innovation.

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