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Bioidentical Hormones Market to Exhibit 5.2% CAGR Globally with Prominent Players at the Forefront of Competition like SottoPelle, BioTE Medical, Biostation etc. during Forecast Period 2018-2023

05-21-2018 09:50 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Bioidentical Hormones Market

Bioidentical Hormones Market

Bio Identical Hormones are biochemically the same as those made our body naturally, unlike conventional hormone therapy that uses synthetic hormones or animal-based hormones. These hormones are very same as hormones produce by human body and are used for treatment of hormones deficiency. According to the Food and Drug Administration (FDA) and several medical specialty groups, Bio identical hormones are not much safer than hormones used in traditional therapy, and also there is no evidence that bio identical are more effective in comparison to traditional bio identical therapy. The Global Bioidentical Hormones Market is expected to reach US$ 400 million by 2023, and the market is projected to grow at a CAGR of ~ 5.2 % during the forecast period 2017-2023.

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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.

The global bio identical hormones market is rising with a moderate phase; mainly owing to increase in patient population. This therapy have ability to treat conditions such as heart disease, stroke, Alzheimer’s disease, endometrial and breast cancer. According to WHO, in 2015, around 570,000 women died from breast cancer globally, which are approximately 15% of all cancer deaths among women. Breast cancer is most frequent cancer among the women, and impacting around 1.5 million women every years. Increasing consumer awareness about technology associated with bio identical hormones therapy and increasing population globally leads the bio identical hormones market.

Global 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

Global Bioidentical Hormones Market - Key Developments

Companies are continuously developing new products to capture the market globally. Thus major players invest more in research and development activity, in order to lead the global market. In this regards, market players undertake various strategic approaches.

BioTE Medical

BioTE Medical offers bio-identical hormone replacement pellet therapy for men and women experiencing hormonal imbalance.

In 2017, BioTE Medical announced that about nine medical expert across the United States gathering together in order to introduce best testosterone therapy in women. Most of the research commentary on BHRT focuses on the effects of testosterone therapy in men. Yet, the data is there to support the health advantages in women.

In 2016, BioTE Medical is focusing on expanding the nationwide network of certified physicians into the Atlanta, Georgia market. This networking help the company to reach the patient population and capturing the market. These research and development will help company to leads the market. Increasing obese population and unhealthy diet are the factors that leads the market of bio identical hormones. Moreover companies are more focus to capture the market.

SottoPelle

SottoPelle specializes in hormone replacement therapy for the treatment of hormone imbalance among men and women.

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Global Bioidentical Hormones Market - Intended Audience

Global Bioidentical Hormones treatment manufacturers & suppliers
Research and development (R&D) companies
Hospitals and clinics
Academic institutes and universities

Global Bioidentical Hormones Market – Segments

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 has been segmented as hospitals & gynecology clinics, academic and research and others.

Some of Major Table of Content for “Bioidentical Hormones Market Research Report- Global Forecast till 2023”

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: salesteam@marketresearchfuture.com

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