Testosterone Replacement Therapy Market- Detailed Study Analysis with Forecast by 2024 by Metcarl · October 10 John Franklin-Myers Jersey , 2018
Patent Expiry Blow Dealt to TRT Market Could be Softened by Growing Prevalence of Hypogonadism
A wide range of testosterone replacement therapy (TRT) products containing different active ingredients have been made available by a large number of both global and local manufacturers. With various studies estimating the number of men affected by hypogonadism (testosterone deficiency) at 30% worldwide, the demand for TRT is poised to increase gradually in the years ahead. The condition primarily affects men aged between 40 and 79 years, making this demographic a key target segment for market players.
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However, the market is currently at a crucial juncture with top performing products losing their patents in the next few years. This will no doubt cause a major dent in revenues of key market players. However Brian Allen Jersey , some of this impact could be reduced by the heightened demand for and awareness levels about the benefits of advanced TRT products. Many of these products are now being utilized in testosterone deficiency treatment are likely to support market growth during the forecast period.
TRT Creams and Gels Continue to See Strong Sales Worldwide but Injections Racing Ahead
For the purpose of this study, the global testosterone replacement therapy market has been segmented on the basis of product type into creamsgels, patches, injections Joseph Noteboom Jersey , gumsbuccal adhesives, implants and oral drug forms. Of these, the creamsgels segment led the global market, as overall sales were mainly impelled by key branded formulations such as AndroGel from AbbVie Eric Dickerson Jersey , Inc. Axiron from Eli Lilly and Company, and Fortesta, Testim, and Natesto from Endo Pharmaceuticals Inc.
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Ease of use and comparatively less side effects have been the winning characteristics of gelscream TRT products. However Rob Havenstein Jersey , this segment is expected to lose its current hold on the market owing to patent expirations of branded formulations.
TMR expects the injections product segment to witness the fastest CAGR from 2016 to 2024. This will be possible mainly because consumers are now more open to using these low priced products 鈥?a factor aided by the increasing availability of self-administered forms of these products globally.
On the basis of active ingredients, the TRT market is segmented into testosterone, methyl testosterone, testosterone undecanoate Tyler Higbee Jersey , and testosterone enanthate and testosterone cypionate. Of these, testosterone as an active ingredient dominated the global TRT market in 2015. However, other active ingredients are expected to cover much ground through the forecast period. The demand for ester forms of testosterone such as testosterone cypionate and testosterone undecanoate is projected to show a healthy rise. Testosterone undecanoate is expected to witness the fastest growth through the report鈥檚 forecasting horizon from 2016 to 2024.
North America Leads TRT Market but Scales Tipping in Favor of Asia Pacific
Of the five broad geographical segments of the global testosterone replacement therapy market, North America accounted for the largest share (84.7%) of the market and was followed by Europe In 2015. The other key segments are Europe Jared Goff Jersey , Asia Pacific, Middle East and Africa (MEA), and Latin America.
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The demand for advanced TRT products was especially strong in the U.S. in 2015 as the country accounted for 95% of the North America TRT market in that year, TMR has observed. Asia Pacific will greatly benefit from higher healthcare investments being channeled into the region and is expected to witness the fastest CAGR in the TRT market during the forecast period. China and India are markets that companies in the TRT market cannot ignore. In South Korea and Japan Samson Ebukam Jersey , on the other hand, the sizeable geriatric population and strong positive sentiments will aid the consumption of TRT products. Brazil is the key TRT market in Latin America with the single largest share 2015.
Question: 1
When do you update the project management plan? Response:
A. Only at the beginning of the project B. Once in each project phase at the phase kick off C. After project closing to reflect lessons learned D. After an agreed upon change to areas covered by the plan
Answer: B
Question: 2
What kind of communication is addressed in the Communication Plan in ASAP? Please choose the correct answer. Response:
A. Communication to management and steering committee only B. Communication to project team members only C. External communication to project stakeholders only D. External and internal project communication
Answer: D
Question: 3
Which of the following must be included in the project charter? Please choose the correct answer. Response:
A. Project organizational chart B. Project objectives and benefits C. Project team training plan D. Solution architecture diagram
Answer: B
Question: 4
Which of the following tasks need to be completed successfully to complete the production cutover deliverable? There are 3 correct answers to this question. Response:
A. Obtain Production Data Sign-off B. Finalize Cutover plan C. Conduct Project Management Review Service D. Execute Multiple cutover Simulations E. Preform people readiness assessment