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TRT and Venous Thrombosis Risk: What We Know After the TRAVERSE Trial

Does testosterone therapy raise the risk of deep vein thrombosis and pulmonary embolism? The answer is more nuanced than headlines suggest. The large TRAVERSE trial (NEJM, 2023) showed that TRT does not raise the risk of heart attack, stroke or cardiovascular death, but it recorded a higher incidence of pulmonary embolism in the testosterone group. Meta-analyses of randomized trials from before TRAVERSE found no association, but with wide confidence intervals. This article organizes the data, explains the role of hematocrit, identifies people at higher risk and describes the symptoms that call for immediate help.

PZdr Piotr ZielińskiOctober 17, 202613 min read
Table of contents

Does TRT raise the risk of venous thrombosis? The short answer

The short answer

There is no evidence that TRT in the general population of men with hypogonadism clearly raises the risk of venous thrombosis, but a small increase cannot be ruled out either. In the large TRAVERSE trial, which demonstrated the cardiovascular safety of testosterone, a higher incidence of pulmonary embolism was nonetheless recorded in the treated group. Risk is most likely higher in men with prior thrombosis, thrombophilia or developing erythrocytosis (high hematocrit), which is why these groups need particular caution.

Venous thromboembolism (VTE), comprising deep vein thrombosis (DVT) and pulmonary embolism (PE), is the third most common acute cardiovascular disease. A clot forms most often in the veins of the legs, and when it breaks off and reaches the lungs it can be life-threatening. The question of whether testosterone therapy raises this risk has returned regularly for years — from early warnings by regulatory agencies, through reports from individual centers, to the largest randomized trial to date.

An honest answer requires distinguishing three levels of evidence: randomized trials (the strongest, but often too small to detect rare events), observational studies (large, but prone to confounding) and biological mechanisms (plausible, but not clinically proven). In this article we go through them in turn, quoting numbers only from the source publications.

Why is a link between testosterone and thrombosis suspected at all?

The best-documented mechanism is the effect of testosterone on blood formation. Androgens stimulate red blood cell production: they increase erythropoietin output and lower hepcidin, which raises iron availability for the bone marrow. The result can be a rise in hematocrit — the proportion of blood volume occupied by red cells. The higher the hematocrit, the greater the blood viscosity and, in theory, the greater the tendency to form clots. That is why monitoring hematocrit is a permanent part of TRT follow-up, and we describe the details in our entry on hematocrit on TRT.

The second possible mechanism concerns clotting factors, platelets and inflammation. Testosterone may affect the concentrations of some coagulation and fibrinolysis proteins, and some studies suggest changes in leukocyte and platelet counts during treatment. The third is conversion to estradiol, which in women on hormone therapy is linked to a higher risk of VTE — but for men on TRT this is a hypothesis, not a proven phenomenon. Finally, it cannot be ruled out that some thrombotic events result from overlapping risk factors: surgery, immobilization, cancer or untreated thrombophilia.

A mechanism is not proof

The existence of a plausible biological mechanism does not mean the clinical effect is large, or even that it exists. That is why below we rely primarily on study results rather than physiological reasoning.

What the TRAVERSE trial showed

Cardiovascular Safety of Testosterone-Replacement Therapy

Strong evidence

Lincoff AM, Bhasin S, Flevaris P, Mitchell LM, Basaria S, Boden WE et al. (TRAVERSE Study Investigators) · New England Journal of Medicine · 2023

A multicenter, randomized, double-blind, placebo-controlled non-inferiority trial that enrolled 5,246 men aged 45–80 with symptoms of hypogonadism, two fasting testosterone measurements below 300 ng/dl, and either preexisting cardiovascular disease or a high risk of it. Participants received daily 1.62% transdermal testosterone gel (dose adjusted to keep levels at 350–750 ng/dl) or placebo. Mean treatment duration was 21.7 months and mean follow-up 33.0 months. The primary endpoint (cardiovascular death, nonfatal myocardial infarction or stroke) occurred in 182 patients (7.0%) in the testosterone group and 190 (7.3%) in the placebo group (HR 0.96; 95% CI 0.78–1.17; p<0.001 for non-inferiority). A higher incidence of atrial fibrillation, acute kidney injury and pulmonary embolism was observed in the testosterone group.

View study

How should this result be read? First, TRAVERSE is the largest and best-designed cardiovascular safety trial of testosterone: it answers the question about heart attack, stroke and cardiovascular death, and in that respect it showed no adverse effect. Second, pulmonary embolism, atrial fibrillation and acute kidney injury were secondary events, and their higher incidence in the testosterone group was noted by the authors as a safety signal, not a settled causal effect — the trial was not designed and statistically powered to settle these endpoints.

Third, the study population was older men with heart disease or a high risk of it; results should not be transferred directly to younger men without such burdens, although there is no reason to think the situation is worse for them. Fourth, a single preparation (a transdermal gel) was used; results for long-acting injections may differ because the concentration profile is different. We describe cardiovascular follow-up more broadly in our entry on heart attack risk on TRT.

What meta-analyses of randomized trials say

Before TRAVERSE was published, answers were sought in pooled analyses of smaller trials. One of them included only randomized trials.

Meta-analysis of 13 randomized trials: no detected association, but wide intervals

Moderate evidence

Ayele et al. (Thrombosis Research, 2021) pooled 13 randomized trials (n=5,050; 2,636 men randomized to testosterone and 2,414 to placebo; treatment duration 3 to 36 months). After pooling, testosterone was not significantly associated with VTE compared with placebo (RR 1.03; 95% CI 0.49–2.14; I²=0%), and similar estimates were obtained for DVT and PE. The quality of evidence was rated low, and five trials had a high risk of bias. The authors stress that the wide confidence interval does not allow a clinically important increase in risk to be excluded. The analysis appeared before TRAVERSE was published and does not include its results.

These data must be read together with TRAVERSE. Venous thrombosis is a relatively rare event, so trials of a hundred to a few hundred people lasting a few months have very little statistical power to detect a difference. A result of 'no significant association' in such an analysis therefore means 'not detected', not 'excluded'. That is why the signal from TRAVERSE — the only trial that was both large and long — should be taken seriously, with caution about its size.

Hematocrit, erythrocytosis and risk in the first year

Since the most plausible mechanism runs through red blood cells, the natural question is whether the risk of thrombosis depends on whether hematocrit actually rose. A large observational analysis from a US clinical database addresses it.

Secondary erythrocytosis on TRT and MACE and VTE in the first year

Moderate evidence

In a multi-institutional database covering 74 million patients, Ory et al. (Journal of Urology, 2022) compared 5,842 men with low testosterone who developed erythrocytosis (hematocrit ≥52%) during TRT with 5,842 propensity-matched men without erythrocytosis. The incidence of the composite endpoint MACE or VTE in the first year of treatment was 5.15% in men with erythrocytosis and 3.87% in the others (OR 1.35; 95% CI 1.13–1.61; p<0.001). In a secondary analysis of hypogonadal men without erythrocytosis, no increased risk of MACE and VTE was found in testosterone-treated men compared with untreated ones. The authors' conclusion: developing erythrocytosis on TRT is an independent risk factor for MACE and VTE in the first year, and hematocrit should be included in safety studies. This is an observational study — it shows an association and does not prove causality.

The practical sense is this: risk does not seem to be spread evenly across everyone treated but concentrated in those whose hematocrit rises above a threshold (52% in this study). It is not clear whether hematocrit itself is the cause or a marker of other features (such as sleep apnea, smoking, dehydration or an overshoot dose) — but under both interpretations regular monitoring and acting on high hematocrit are justified. Specific decision thresholds and ways of proceeding are covered in the entry on the safe hematocrit value.

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Who is at increased risk?

Not every man starting TRT has the same baseline risk of thrombosis. The greatest risk factor for another event is considered to be a previous venous thrombosis or pulmonary embolism. Also relevant are inherited thrombophilias (e.g. the factor V Leiden mutation) and acquired ones (e.g. the presence of lupus anticoagulant), cancer, recent surgery, prolonged immobilization or travel, obesity, smoking, dehydration, and concurrent use of other agents that increase red cell counts (e.g. erythropoietin, anabolic agents outside medical supervision).

Case reports and clinical series from a single center specializing in clotting disorders suggested that men who developed thrombosis after starting TRT more often turned out to have an unrecognized thrombophilia, and the authors of those papers recommended screening before treatment. These are, however, data of low reliability (no control group representative of all those treated, a referral center), and routine thrombophilia testing is not a standard in TRT guidelines. A more sensible approach is a careful personal and family history — whether anyone in the family had thrombosis at a young age or recurrent clots — and only then a decision about tests.

FactorWhy it mattersWhat to do
Previous VTE or PEThe greatest known risk factor for recurrenceDiscuss with a hematologist or internist before TRT
Inherited or acquired thrombophiliaIncreased tendency to form clotsFamily history; tests if indicated
High hematocrit (e.g. ≥52%)In an observational analysis linked to a higher incidence of MACE and VTE in the first yearRegular monitoring, look for the cause (apnea, smoking, dehydration)
Surgery, immobilization, long travelBlood stasis in the veinsMovement, hydration, prophylaxis per the doctor's advice
Cancer, obesity, smokingIndependent risk factors for VTETreat modifiable factors
Other agents raising red cells (EPO, anabolics)Cumulative effect on hematocritDo not combine without medical supervision

Factors that increase the risk of thrombosis in a man considering TRT

What to do in practice: monitoring and prevention

Practical rules for a man on TRT or considering TRT

  • Before starting therapy give your doctor a full history: previous thromboses, emboli, family thromboses at a young age, cancers, recent surgery
  • Have a blood count with hematocrit before treatment and regularly during it — according to a schedule agreed with your doctor (usually more often in the first year)
  • If hematocrit rises above the threshold set by your doctor, look for the cause (sleep apnea, smoking, dehydration, too high a dose) rather than lowering the dose or adding drugs on your own
  • Stay hydrated, especially in hot weather, during intense training and on long journeys
  • During long periods of sitting (flights, car travel) take movement breaks every 1–2 hours and avoid dehydration
  • Tell every doctor (surgeon, orthopedist, anesthetist) that you use testosterone before a planned procedure or immobilization
  • Do not combine TRT with erythropoietin, anabolic agents or 'stacks' without supervision; do not hide this from your doctor
  • Do not stop or change your testosterone dose on your own out of fear of clots — discuss your concerns with your doctor

Myth: 'Since TRAVERSE was safe, thrombosis doesn't concern me'

Myth

The large TRAVERSE trial proved TRT is fully safe for the circulatory system, so there is no need to think about thrombosis.

Fact

TRAVERSE showed non-inferiority to placebo for heart attack, stroke and cardiovascular death, but at the same time recorded a higher incidence of pulmonary embolism, atrial fibrillation and acute kidney injury in the treated group. The authors do not present this as a settled causal effect, but nor do they ignore the signal. Cardiovascular safety is not the same as venous safety.

The opposite myth is just as wrong: that testosterone 'causes clots' and is therefore dangerous for everyone. The meta-analysis of randomized trials found no association, and in the observational study of hypogonadal men without erythrocytosis the risk was not raised compared with untreated men. The picture is therefore this: the risk is probably small in the whole population, may be important in selected subgroups, and therefore calls for individual assessment, not panic or dismissal.

When to seek help immediately: symptoms of thrombosis and embolism

Warning symptoms: this is no time to wait

Contact a doctor immediately or call the emergency number (112 in the EU) if you develop: swelling, pain, redness or warmth in one calf or leg (possible deep vein thrombosis); sudden shortness of breath, chest pain that worsens on breathing, coughing up blood, rapid heartbeat, collapse or fainting (possible pulmonary embolism). Do not wait for the next check-up and do not try to 'walk it off'. This article is informational, does not describe all risk factors or the principles of anticoagulant prophylaxis, and does not replace a medical consultation.

It is also worth remembering the limits of the available data. TRAVERSE tested one preparation in older men with cardiovascular burdens; the meta-analyses include short, small trials; observational analyses cannot fully eliminate the influence of confounders. None of these sources allows a single reliable figure to be given for 'by how much the risk of thrombosis increases'.

Summary and the editorial position

QuestionShort answer
Does TRT raise the risk of heart attack and stroke?In TRAVERSE (5,246 men) no: MACE 7.0% vs 7.3%, HR 0.96 (95% CI 0.78–1.17)
Did TRAVERSE show anything concerning?A higher incidence of pulmonary embolism, atrial fibrillation and acute kidney injury in the testosterone group
What do RCT meta-analyses from before TRAVERSE show?No detected association with VTE (RR 1.03; 95% CI 0.49–2.14), but low-quality evidence and a wide interval
Does hematocrit matter?Yes: hematocrit ≥52% on TRT was linked to a higher incidence of MACE and VTE in the first year (OR 1.35)
Who should be careful?People with previous VTE, thrombophilia, high hematocrit, after operations and with other risk factors
When to seek help at once?One-sided calf swelling, sudden shortness of breath, chest pain, coughing up blood, fainting

TRT and venous thrombosis at a glance

A sound approach to thrombosis on TRT is neither alarmism nor carelessness. The best available data do not point to a clear increase in risk for those treated overall, but the signal from TRAVERSE and the higher risk in people with erythrocytosis or thrombophilia justify a careful history before treatment, regular hematocrit checks and knowing the warning symptoms. For a man with a previous thrombosis, the decision about TRT should be made together with a doctor who knows his history.

Good results for the heart do not excuse us from thinking about the veins. It is enough to ask about a history of thrombosis, watch the hematocrit, and know what to do when one calf swells.

Dr Piotr Zieliński, VitMode editorial team

Frequently asked questions

There is no clear evidence that TRT causes clots in the general population of treated men. A meta-analysis of 13 randomized trials found no association with venous thrombosis (RR 1.03; 95% CI 0.49–2.14), but the quality of evidence was low and the interval wide. In the TRAVERSE trial, however, a higher incidence of pulmonary embolism was recorded in the testosterone group, so a small increase in risk cannot be ruled out.

In a trial of 5,246 men aged 45–80 with hypogonadism and heart disease or a high risk of it, testosterone was non-inferior to placebo for heart attack, stroke and cardiovascular death (7.0% vs 7.3%; HR 0.96). At the same time a higher incidence of atrial fibrillation, acute kidney injury and pulmonary embolism was recorded in the treated group.

In a large observational analysis, men who developed erythrocytosis (hematocrit ≥52%) on TRT had a higher incidence of heart attack, stroke and venous thrombosis in the first year (5.15% vs 3.87%; OR 1.35). This is an association, not proof of causality, but it justifies regular hematocrit checks and a search for the cause of its rise.

There is no single absolute rule, but people with a previous venous thrombosis or pulmonary embolism, diagnosed thrombophilia, untreated high hematocrit or before a planned operation need an individual decision by a doctor, often with a hematologist's input. Deciding on your own to start or stop TRT is not recommended.

Deep vein thrombosis is suggested by one-sided swelling, pain, redness and warmth of a calf or leg. Pulmonary embolism is suggested by sudden shortness of breath, chest pain that worsens on breathing, coughing up blood, a rapid pulse or fainting. Both conditions require immediate medical help (emergency number 112).

There are no reliable trials directly comparing preparations for venous thrombosis. TRAVERSE used a transdermal gel, so its results should not be automatically transferred to long-acting injections, which give a different concentration profile and often a larger rise in hematocrit. The choice of form and schedule is worth discussing with your doctor.

Give a full history of clots before treatment, check a blood count with hematocrit regularly, stay hydrated, break up long sitting with movement, do not smoke, and do not combine testosterone with erythropoietin or anabolic agents without supervision. Tell every doctor you use testosterone before procedures and immobilization.

Sources

PZ

dr Piotr Zieliński

Specialist physician in endocrinology, scientific consultant

Piotr has practiced endocrinology for more than fifteen years, mostly in male hormonal disorders and metabolic health. He joined VitMode as a scientific consultant because, as he jokes, he got tired of explaining the same testosterone questions at every appointment and decided to write the answers down properly, once. He reviews content on hormone therapy, supplement pharmacology and drug interactions, making sure articles never turn into encouragement to self-supplement in situations that genuinely need diagnostics and medical supervision. His professional motto — "evidence first, enthusiasm second" — has come up more than once with a patient who arrived with a supplement plan they found online.

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Comments (2)

  • KW

    Kasia W. 2 weeks ago

    Very clearly explained, especially the interactions section — I hadn't seen it laid out this well anywhere else.

  • MT

    Marek T. a month ago

    Are you planning to update this with the newest study from this year? I saw an interesting meta-analysis.