The Bioidentical Hormones Market driver are increasing geriatric population, growing screening, rising awareness and growing income of women etc. Bioidentical hormones are biochemically the same as those made by the ovaries during a woman’s reproductive years on body naturally, unlike conventional hormone therapy that uses synthetic hormones or animal-based hormones.
The Global Bioidentical Hormones Market Information: By Types (Estrogens, Progesterone, Testosterone, others) By Product Types (Tablets and Capsules, Creams and Gels, Injectable, Patches and Implants, and others) By End Users - Global Forecast Till 2023. The Global Bioidentical Hormones Market has been segmented on the basis of types, product types, and end users.
Based on types, the market has been segmented as estrogens, progesterone, testosterone, others. Based on product types, the market has been segmented as tablets and capsules, creams and gels, injectable, patches and implants, and others.
Based on the end users, the market have been segmented as hospitals & gynecology clinics, academic and research and others.
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Bioidentical hormones are very similar to the hormones produced by the human body and are used as treatment for hormones deficiency. Bioidentical hormones are pre-made on prescription or are compounded by a pharmacist, based on the doctor’s demand.
Bioidentical hormones are most commonly used in the treatment of symptoms and associated complications of menopause such as hot flashes, night sweats, weight gain, mood changes, vaginal dryness, fatigue. Hormonal therapy however is beset with side effects such as increased risk of breast cancer, heart attack, stroke.
Bioidentical hormones are somewhat controversial because they have not been approved by the U.S. Food and Drug Administration (FDA).
The FDA approves of the individual ingredients used by compounding pharmacies but not the finished product. Prescription hormonal pharmaceuticals are FDA-regulated and guaranteed of same strength each time, while, compounded hormonal preparations of bio-identical hormones are not because they may contain different dosages due to batch to batch variations.
Being unregulated , there is no guarantee of purity and safety as compared to conventional hormone products. The claims of bioidentical hormones being safer have not been supported by studies.
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Bioidentical Hormones Market Key Players:
Some of key players profiled in the report are SottoPelle, BioTE Medical, Advantage Pharmaceuticals, Inc., Full Life Wellness Center, Neuva Aesthetics, Defy Medical, Biostation and others.
Market Synopsis of the Global Bioidentical Hormones Market:
Bioidentical Hormones Market Regional Analysis:
The Americas account for a significant market share owing to extensive use of medications and high expenditure on the health care. Additionally, the fastest uptake of new drugs in the US drives the bioidentical hormones market.
Also, concentration of major research companies in the developed countries of this region is adding fuel to the market growth. Europe is the second largest market in the world due to high income and healthcare penetration.
Asia Pacific region is expected to grow rapidly and China and India are likely to lead this market due to fast growing healthcare sector during the forecast period.
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The report for Global Bioidentical Hormones market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance.
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