U.S. Hormone Therapy (Retail Side) Market Size, Share & Trends Analysis Report By Product (Sex Hormones, Thyroid Hormones), By Indication, By Route of Administration (Oral, Parenteral), By Distribution Channel, And Segment Forecasts, 2025 - 2033
The U.S. hormone therapy (retail side) market size was estimated at USD 11.63 billion in 2024 and is projected to reach USD 19.22 billion by 2033, growing at a CAGR of 5.83% from 2025 to 2033. This growth is driven by an increasing aging population and rising hormonal disorder prevalence. In addition, advances in delivery technologies, including oral pills, transdermal patches, subcutaneous pellets, and injectables, have enhanced efficacy, convenience, and adherence.
Moreover, the pharmacies now offer convenient dispensing and counseling, and platforms such as Ro, Noom, and Midi Health bundle telemedicine, online prescribing, and at-home delivery of hormones, with some combining GLP-1 weight-loss treatments, driving sales upward.
U.S. Hormone Therapy (Retail Side) Market Report Segmentation
This report forecasts revenue growth at a country level and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the U.S. hormone therapy (retail side) market report based on product, indication, route of administration, and distribution channel:
Product Outlook (Revenue, USD Billion, 2021 - 2033)
Sex Hormones
Estrogen Replacement Therapy (ERT)
Testosterone Replacement Therapy (TRT)
Progesterone Therapy
Combined Hormone Therapy
Thyroid Hormones
Growth Hormones
Adrenal Hormones
Other Hormones
Indication Outlook (Revenue, USD Billion, 2021 - 2033)
Menopause & Andropause Management
Hypothyroidism
Hypogonadism
Growth Hormone Deficiency
Gender Affirming Therapy
Fertility Treatment
Cosmetic Applications
Other Indications
Route of Administration Outlook (Revenue, USD Billion, 2021 - 2033)
Oral
Parenteral
Transdermal
Other Route of Administration
Distribution Channel Outlook (Revenue, USD Billion, 2021 - 2033)
Offline Retail Pharmacies
Large chains
Independent pharmacies
Online Pharmacies / Telehealth
Pure-play online pharmacies
Telehealth & subscription-based DTC brands
Others (Specialized Hormone Clinics)
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Segment Definitions
1.2. Estimates and Forecast Timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased Database
1.4.2. GVR's Internal Database
1.4.3. Secondary Sources
1.4.4. Primary Research
1.4.5. Details of Primary Research
1.4.6. Research Assumption
1.5. Information or Data Analysis
1.5.1. Data Analysis Models
1.6. Market Formulation & Data Visualization
1.7. Model Details
1.7.1. Commodity Flow Analysis
1.8. Objectives
1.8.1. Objective - 1
1.8.2. Objective - 2
1.8.3. Objective - 3
1.9. List of Secondary Sources
1.10. List of Secondary Sources
Chapter 2. Executive Summary
2.1. U.S. Hormone Therapy (Retail Side) Market
2.1.1. Market Snapshot
2.1.2. Segment Snapshot
2.1.2.1. Product & indication segment outlook
2.1.2.2. Route of administration & distribution channel segment outlook
2.1.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related/Ancillary Market Outlook
3.2. Market Trends and Outlook
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.4. Regulatory Framework
3.5. Business Environment Analysis Tools
3.5.1. Industry Analysis - Porter's Five Forces Analysis
3.5.1.1. Supplier power
3.5.1.2. Buyer power
3.5.1.3. Substitution threat
3.5.1.4. Threat of new entrants
3.5.1.5. Competitive rivalry
3.5.2. PESTEL Analysis
3.6. Pricing Analysis in Online vs. Offline Channels
3.7. Consumer Awareness Trends for Hormone Therapy
3.8. Direct-to-Consumer (DTC) Business Models Impact
Chapter 4. Product Business Analysis
4.1. U.S. Hormone Therapy (Retail Side) Market: Product Movement Analysis
4.2. U.S. Hormone Therapy (Retail Side) Market: Product Segment Dashboard
4.3. Product Movement & Market Share Analysis, 2024 & 2033
4.4. U.S. Hormone Therapy (Retail Side) Market Estimates & Forecast, by Product
4.5. Sex Hormones
4.5.1. Sex Hormones Market, 2021 - 2033 (USD Million)