Bioidentical hormones market to grow multi-million Dollar Industry by 2024 with major market competitors like Abbott, AbbVie, ALLERGAN, Bayer, Novartis AG and others

Bioidentical hormones market is accounted for USD 282.4 million in 2016 growing at a CAGR of 5.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

The global bioidentical hormones market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bioidentical hormones market for global, Europe, North America, Asia Pacific and South America.

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Bioidentical Hormones Market Major Competitors:
• Abbott
• AbbVie
• ALLERGAN
• Bayer
• Novartis AG
• Novo Nordisk A/S
• Orion Pharma AB among others.

Bioidentical hormones are hormones that are identical with endogenous hormones on a molecular level. Bioidentical hormones are used in hormone replacement therapy. Few specific hormones used in Bioidentical hormone replacement therapy include estrone, estradiol, progesterone, testosterone, dehydroepiandrosterone and estriol.

Major Market Drivers and Restraints:
• Increasing geriatric population
• Growing screening for hormonal deficiency
• Rising awareness

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Market Segmentation: Bioidentical Hormones Market
By type, global bioidentical hormones market is segmented into estrogens, progesterone, testosterone, and others.
On the basis of product types, global bioidentical hormones market is segmented into tablets & capsules, creams & gels, injectable and patches & implants.

On the basis of end user, global bioidentical hormones market is segmented into hospital, clinics and others
On the basis of geography, global bioidentical hormones market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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