Androgens and Anabolic Steroids Market: Long-Term Value & Growth Seen Ahead
Aditya Bambal
Marketing campaigns | Target Audience | Master of Business Administration - MBA
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The Global Androgens and Anabolic Steroids market was valued at USD 62.77 Billion in 2024 and is expected to reach USD 146.76 Billion by 2030, growing at a CAGR of 11.2 % during 2024-2030.
The androgens and anabolic steroids market worldwide can be defined as the market involving in the manufacturing, selling, and using of man-made compounds related to testosterone hormone. These compounds are mainly prescribed for treating various issues including delayed puberty, muscle wasting diseases, and hormone replacement therapy. Some of the specific uses involve enhancing muscle mass, bone mineralization, and red blood cell synthesis. Androgens and anabolic steroids are also employed in the veterinary context for increasing growth in livestock.
Key Players in This Report Include:
F. Hoffmann-La Roche Ltd. (Switzerland), Mylan N.V. (United States), Teva Pharmaceutical Industries Ltd. (Ireland), Sanofi (France), Pfizer Inc. (United States), GlaxoSmithKline plc (United Kingdom), Novartis AG (Switzerland), Merck & Co., Inc. (United States), AstraZeneca (United Kingdom), Johnson & Johnson Private Limited (United States), Hikma Pharmaceuticals PLC (United Kingdom), Dr. Reddy’s Laboratories Ltd. (India), Aurobindo Pharma (India), Endo International plc (Ireland), AbbVie Inc. (United States), Allergan (Ireland), Eli Lilly and Company (United States), Cipla Inc. (United States), Lupin (India),
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The latest study released on the?Global Androgens and Anabolic Steroids Market?by HTF MI Research evaluates market size, trend, and forecast to 2030. The Androgens and Anabolic Steroids market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include:
F. Hoffmann-La Roche Ltd. (Switzerland), Mylan N.V. (United States), Teva Pharmaceutical Industries Ltd. (Ireland), Sanofi (France), Pfizer Inc. (United States), GlaxoSmithKline plc (United Kingdom), Novartis AG (Switzerland), Merck & Co., Inc. (United States), AstraZeneca (United Kingdom), Johnson & Johnson Private Limited (United States), Hikma Pharmaceuticals PLC (United Kingdom), Dr. Reddy’s Laboratories Ltd. (India), Aurobindo Pharma (India), Endo International plc (Ireland), AbbVie Inc. (United States), Allergan (Ireland), Eli Lilly and Company (United States), Cipla Inc. (United States), Lupin (India),
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The Global Androgens and Anabolic Steroids market was valued at USD 62.77 Billion in 2024 and is expected to reach USD 146.76 Billion by 2030, growing at a CAGR of 11.2 % during 2024-2030.
Definition:
The androgens and anabolic steroids market worldwide can be defined as the market involving in the manufacturing, selling, and using of man-made compounds related to testosterone hormone. These compounds are mainly prescribed for treating various issues including delayed puberty, muscle wasting diseases, and hormone replacement therapy. Some of the specific uses involve enhancing muscle mass, bone mineralization, and red blood cell synthesis. Androgens and anabolic steroids are also employed in the veterinary context for increasing growth in livestock.
Market Trends:
·???????? Increased Usage in Sports: Rising prevalence of androgen and anabolic steroid use among athletes and bodybuilders to enhance performance and muscle mass.
·???????? Medical Applications: Expanding use of these substances in medical treatments, including hormone replacement therapy, muscle wasting conditions, and certain types of anemia.
·???????? Regulatory Scrutiny: Heightened regulatory and law enforcement scrutiny aimed at curbing illegal distribution and non-medical use of androgens and anabolic steroids.
·???????? Advances in Research: Ongoing research into safer and more effective formulations, as well as the development of synthetic alternatives with fewer side effects.
Market Drivers:
·???????? Performance Enhancement: Growing desire among athletes and fitness enthusiasts for improved performance, strength, and physique drives the demand for anabolic steroids.
·???????? Aging Population: Increasing use of hormone replacement therapies among aging individuals to address testosterone deficiencies and associated health issues.
·???????? Medical Advancements: Advances in medical research and treatment protocols expand the therapeutic applications of androgens and anabolic steroids.
·???????? Market Availability: Easy availability of these substances through various channels, including online markets, contributes to their widespread use.
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Market Opportunity:
·???????? Pharmaceutical Development: Opportunities for pharmaceutical companies to develop new, safer anabolic steroid formulations and synthetic alternatives for medical use.
·???????? Public Awareness Campaigns: Potential for public health initiatives and educational campaigns to raise awareness about the risks and benefits of steroid use.
·???????? Regulatory Improvements: Development of improved regulatory frameworks to control the distribution and use of anabolic steroids, ensuring safe and legal access for those in need.
·???????? Market Expansion: Expansion into emerging markets where the use of anabolic steroids is growing, providing opportunities for both medical and regulated non-medical sales.
Market?Restraints:
·???????? Health Risks: Significant health risks associated with the misuse of anabolic steroids, including cardiovascular problems, liver damage, and psychological effects, deter widespread acceptance.
·???????? Legal Issues: Strict legal regulations and potential penalties for unauthorized use and distribution limit the availability and use of these substances.
·???????? Social Stigma: Negative societal perceptions and stigma associated with steroid use can discourage individuals from seeking or using these products.
·???????? Cost of Development: High costs associated with the development of new, safer anabolic steroid formulations and the rigorous testing required for regulatory approval.
Major Highlights of the?Androgens and Anabolic Steroids?Market report released by HTF MI Global Androgens and Anabolic Steroids Market Breakdown by Application (Anabolic, Androgenic, Others) by Mode of Administration (Oral, Injectables, Topical, Others) by Ingredients (Protein, Beta-alanine, Creatine, Caffeine, Others) by Sales Channel (Offline, Online) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Global Androgens and Anabolic Steroids market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
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Major highlights from Table of Contents:
Key Points Covered in Androgens and Anabolic Steroids Market Report:
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Key questions answered
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