BioIdentical Hormones Market : Global Key Players SottoPelle, BioTE Medical, Advantage Pharmaceuticals, Inc., Full Life Wellness Center , Neuva Aesthetics

Bio identical hormones are biochemically the same as those made by 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.

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Global Bio Identical Hormones Market – Overview

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 the 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 year. Increasing consumer awareness about technology associated with bio identical hormones therapy and increasing population globally leads the bio identical hormones market.

Companies are continuously inventing new products to capture the market globally. Thus, major players are investing more in research and development activity, in order to lead the global market. In this regards, BioTE Medical, in 2017, announces that about nine medical experts across the United States are gathering together in order to introduce best testosterone therapy for 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 helped the company to reach the patient population and capture the market. These research and development will help company to lead the market. Increasing in obesity population globally and unhealthy diet are the factors that leads the market of bio identical hormones. Moreover companies are more focus to capture the market.

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Global Bio Identical Hormones Market   - Regional Analysis

The market of bio identical hormones is much higher in the Americas region. There are huge population which are suffering from disease such as heart disease, stroke, Alzheimer’s disease, endometrial and breast cancer. According to the report published by Centers for Disease Control and Prevention (CDC), in 2017, around 630,000 Americans died from heart disease every year that is 12 in every 4 death. There are huge population suffering with chronic disease, thus market players have good opportunity to maximize their profit with in this region owing to high awareness of healthcare awareness. According to Centers for Disease Control and Prevention (CDC), in 2015, around 366,000 people were died from Coronary heart disease and it is the most common type of heart disease. Report suggest that Heart disease is the leading cause of death for both men and women. More than half of the men deaths in United States were due to heart disease in 2015. These statistic shows the huge opportunity for the players.

Europe is also considered a huge market for bio identical hormones players, owing to present of huge population affected with chronic disease. Government are more focusing on research and development to introduce new therapy and best treatment for their citizen.

Asia Pacific and the Middle East and Africa region are considering the big market. Whereas country like India and china of Asia Pacific region are considering fastest growing region due to presence of huge population suffering with chronic disease, additionally they are open to adopt new technology, and best treatment option from developed countries in order to improve the quality of life for their public. Whereas the Middle East and Africa are low market due to his incapability of investment. Developing countries are focusing on new drugs and therapy for the treatment of chronic disease, this gap between the developed and developing countries will present significant growth opportunity for the bio identical hormones market players in the coming years.

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