Bioidentical Hormones Market 2019: Association between Major Key Vendors Like Advantage Pharmaceuticals Inc. to Produce Promising Growth Opportunities in Upcoming Years, says Straits Research

Bioidentical hormones are defined as biochemically engineered hormones that are the same as those in the human body formed by natural biological processes. The use of bioidentical hormones is different from conventional hormone therapy as the latter uses animal-based hormones or synthetic hormones. Currently, estrogen, progesterone, and testosterone are available in the market in various forms, including tablets, capsules, creams, and gels. For the record, bioidentical hormones control important tasks in the body, such as growth, food breakdown, sex, and brain function, among others.

The global bioidentical hormones market is majorly driven by increasing screening for hormonal deficiency, rising geriatric population, and rising awareness among people. It is extensively used for the treatment of menopause. In October 2018, USFDA approved the usage of bioidentical hormones for the treatment of menopausal hot flashes, which is further adding fuel to the market growth. In extreme cases, women are also prescribed to undergo hormone-replacement therapy. The bio-identical hormones possess no side-effects and are easily available. Other factors driving the market include lack of nutrition, growing prevalence of sedentary lifestyle, increasing expenditure power, and rising geriatric population.

The hospital segment is dominating the bioidentical hormones market and will continue the same during the forecast period. This can be attributed to the rapidly developing healthcare infrastructure and the presence of bioidentical hormone replacement therapy centers across the globe. Additionally, a number of drug companies are investing heavily in the field and are using several marketing strategies to promote their bioidentical hormone products among the hospitals.

Currently, a number of estrogens, including Estrace, Innofem, FemPatch, Evamist, and Esclim, are under the process of getting approval from the FDA. Moreover,  Premarin, Menest, and Combipatch are the chief contributors to the market revenue. As per the study published by Pfizer, Premarin autonomously recorded a sale of 1,076 million in 2014. Apart from this, the development of drugs with improved safety profiles and novel delivery systems such as vaginal estrogen and transdermal estrogen is likely to boost the market growth to some extent.

The oral administration route is one of the most popular modes of drug delivery. It is safe, easy to digest, inexpensive, convenient, and versatile, which is why it is prescribed by several healthcare professionals for the treatment of hormonal imbalance.  

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The Major Players Covered in this Report: Advantage Pharmaceuticals Inc., TherapeuticsMD Inc., Biostation, BioTE Medical, Defy Medical, Full Life Wellness Center, Neuva Aesthetics, and SottoPelle., & More...

By Type, Estrogens, Progesterone, Testosterone, Others
By Form, Tablets and capsules, Creams and gels, Injectables, Patches and implants, Others
By Route of Administration, Oral, Parenteral, Topical
By End-use, Hospitals, Gynecology clinics, Research laboratories, Others

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Bioidentical Hormones in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Bioidentical Hormones market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Bioidentical Hormones and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Bioidentical Hormones. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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The report covers exhaustive analysis on:
Overview of the parent market
Global Bioidentical Hormones Market Segments, Dynamics, Market Size, Share, Price, Volume, and Cost
Historical, current and projected market size in terms of volume and value
Global Bioidentical Hormones Market Forecast 2021 to 2029
Supply & Demand Value Chain
Global Bioidentical Hormones Market dynamics, including the current trends/drivers/threats/restraints/challenges
Potential and niche segments/regions exhibiting promising growth
Market landscape, competition, and leading companies involved
Strategies of leading companies and product offerings
Technological advancements

Key Questions Answered in the Report:
What is the current scenario of the Global Bioidentical Hormones market? How is the market going to prosper throughout the forecast period?
What are the emerging technologies and related tools that are going to profit the market?
What is the current size of the Global Bioidentical Hormones Market?
Which segments are the fastest growing and the largest in the market? What is their market potential?
What are the driving factors contributing to market growth during the short, medium, and long term?

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This release was published on openPR.