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U.S. Market for Hormone Replacement Therapy Expensive Human Growth Hormone Therapy Deters Uptake.
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U.S. Market for Hormone Replacement TherapyExpensive Human Growth Hormone Therapy Deters Uptake “Even as end users become increasingly conscious of the potential benefits of the human growth hormone (HGH), the high costs have posed a barrier to immediate adoption. The anti-aging use of HGH medications is not covered by any healthcare plans and this is limiting the acceptance of the therapy.” Pharmaceutical and Biotechnology Group
Industry Trends • Side effects are a concern, particularly for estrogen replacement therapy (ERT) products, since recent World Health Initiative studies have linked oral formulations to increased risk of breast cancer. • In the HGH market, all products are injectable. However, novel formulations such as needle-free injection devices and products that may be administered just twice monthly are making these easier to take. This is important for the large pediatric segment of HGH patients, as they typically have trouble taking daily injectable drugs. • As healthcare and drug costs continue to rise, healthcare plan providers are continuing to restrict formulary inclusion and/or charging members higher co-payments for more expensive medications. Many managed care plans do not cover HGH products. • Direct-to-consumer (DTC) advertising has had a profound effect on stimulating the usage of hormone replacement therapy (HRT) drugs.
Key Features • Frost & Sullivan Provides: • Detailed insights into recent developments and trends • Drivers, restraints, challenges, and strategic recommendations • Analyst insights on ‘hot topics’ and emerging applications in the HRT market • Market sizing and competitive analysis • Market forecasts and opportunity analysis • Quarterly assessments • End-user analysis within each report
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What’s Included • Key statistics on potential and actual patients for the HRT markets • Challenges, trends and drivers in the HRT markets • Revenue forecast for HRT market from 2004-2010 • Other emerging products and technology in the market • Strategies for entry and growth
Key Market Participants • Abbott • Berlex • Eli Lilly • Forest • Galen • Genentech • King • Mylan • Novartis • Pfizer • Serono • Wyeth
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