South Korea Hormone Replacement Therapy Market Size & Outlook
Related Markets
South Korea hormone replacement therapy market highlights
- The South Korea hormone replacement therapy market generated a revenue of USD 552.8 million in 2024 and is expected to reach USD 1,186.6 million by 2033.
- The South Korea market is expected to grow at a CAGR of 9% from 2025 to 2033.
- In terms of segment, estrogen and progesterone replacement therapy was the largest revenue generating product in 2024.
- HGH replacement therapy is the most lucrative product segment registering the fastest growth during the forecast period.
Hormone replacement therapy market data book summary
| Market revenue in 2024 | USD 552.8 million |
| Market revenue in 2033 | USD 1,186.6 million |
| Growth rate | 9% (CAGR from 2025 to 2033) |
| Largest segment | Estrogen and progesterone replacement therapy |
| Fastest growing segment | HGH replacement therapy |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Estrogen and Progesterone Replacement Therapy, HGH replacement therapy, Thryoid hormone replacement therapy, Testosterone Replacement Therapy, Parathyroid Hormone replacement |
| Key market players worldwide | Eli Lilly and Co, Bayer AG, Hisamitsu Pharmaceutical Co Inc, Pfizer Inc, Merck & Co Inc, Viatris Inc, Novo Nordisk A/S ADR, AbbVie Inc, Roche Holding AG ADR, Ascend Wellness Holdings Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.3% of the global hormone replacement therapy market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, Japan hormone replacement therapy market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,242.7 million by 2033.
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Hormone Replacement Therapy Market Scope
Hormone Replacement Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ascend Wellness Holdings Inc | View profile | 1500 | 1411 Broadway, 16th Floor, New York, NY, United States, 10018 | https://www.awholdings.com |
| Hisamitsu Pharmaceutical Co Inc | View profile | 3682 | 408 Tashiro Daikan-machi, Tosu, Saga, Japan, 841-0017 | http://www.hisamitsu.co.jp |
| Viatris Inc | View profile | 38000 | 1000 Mylan Boulevard, Canonsburg, PA, United States, 15317 | https://www.viatris.com |
| Novo Nordisk A/S ADR | View profile | 66015 | Novo Alle 1, Bagsvaerd, Denmark, 2880 | https://www.novonordisk.com |
| Eli Lilly and Co | View profile | 43000 | Lilly Corporate Center, Indianapolis, IN, United States, 46285 | https://www.lilly.com |
| Bayer AG | View profile | 99723 | Kaiser-Wilhelm-Allee 1, Leverkusen, NW, Germany, 51368 | https://www.bayer.com |
| Merck & Co Inc | View profile | 72000 | 126 East Lincoln Avenue, Rahway, NJ, United States, 07065 | https://www.merck.com |
| Pfizer Inc | View profile | 88000 | 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 | https://www.pfizer.com |
| AbbVie Inc | View profile | 50000 | 1 North Waukegan Road, North Chicago, IL, United States, 60064-6400 | http://www.abbvieinvestor.com |
| Roche Holding AG ADR | View profile | 103605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | https://www.roche.com |
South Korea hormone replacement therapy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hormone replacement therapy market will help companies and investors design strategic landscapes.
Estrogen and progesterone replacement therapy was the largest segment with a revenue share of 59.42% in 2024. Horizon Databook has segmented the South Korea hormone replacement therapy market based on estrogen and progesterone replacement therapy, hgh replacement therapy, thryoid hormone replacement therapy, testosterone replacement therapy, parathyroid hormone replacement covering the revenue growth of each sub-segment from 2021 to 2033.
Increasing prevalence of hypothyroidism and other target diseases is projected to drive market growth over the forecast period. According to an article published by Medicine, (May 2020), the prevalence of hypothyroidism was found to be 4% to 15% of the total global population and in South Korea, hypothyroidism affected around 14% of the whole population.
Currently, Levothyroxine is the standard and basic method for treatment of these patients. The precise dose is given as per the physician’s prescription for avoiding side effects such as vomiting, nausea, headache, and muscle cramps.
For instance, in April 2022, LG Chem received approval from the Ministry of Food and Drug Safety for its Eutropin S Pen for the treatment of pediatric growth failure. It consists of somatropin, a recombinant human growth hormone injection, and has a shelf life of 24 months.
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Target buyers of South Korea hormone replacement therapy market databook
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Our clientele includes a mix of hormone replacement therapy market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea hormone replacement therapy market , including forecasts for subscribers. This country databook contains high-level insights into South Korea hormone replacement therapy market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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South Korea hormone replacement therapy market size, by product, 2021-2033 (US$M)
South Korea Hormone Replacement Therapy Market Outlook Share, 2024 & 2033 (US$M)
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