Bio-identical hormones replacement therapy market is expected to witness steady growth in the coming years on the back of growing incidences of hormone-associated diseases. Bio-identical hormones replacement therapy involves bio-identical hormones that functionally resemble to hormones produced naturally in human body. Generally, bio-identical hormones replacement therapy involves bio-identical hormones that are pre-made for general hormone deficiencies or are synthesized in pharmaceutical lab following doctor’s prescription.
Major health conditions that are treated with bio-identical hormones replacement therapy include symptoms and complications associated with menopause such as night sweats, weight gain, vaginal dryness, fatigue, mood changes and hot flashes. However, bio-identical hormones replacement therapy carries risk of side effects and may cause breast cancer, stroke or heart attack.
Some forms of synthesized bio-identical hormones has been approved by the U.S. Food and Drug Administration (FDA) such as estriol- a weak form of estrogen and progesterone. However, any form of custom-compounded bio-identical hormones used in bio-identical hormones replacement therapy are not approved by FDA. According to different modes of application of bio-identical hormones replacement therapy, bio-identical hormones replacement therapy market has presence of patches, pills, cream, injections and gels. Although bio-identical hormones replacement therapy remains under scrutiny owing to associated side effects, the treatment has improved symptoms of diseases such as insulin resistance, osteoporosis, fibromyalgia as well as adrenal and thryroid disorders.
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Bio-identical hormones which are in great use because of its efficiency and conventional approach is forming a new range in clinical operations through which a person is cured. Bio-identical hormones replacement therapy uses hormones which are very similar to the hormones produced by the human body and are used as a treatment for hormones deficiency. This procedure requires a brief study of the human body in order to obtain sustainable data to produce pre-made bio-identical hormones on prescription or are compounded by a pharmacist, based on the doctor’s diagnosis. Bio-identical hormones replacement therapy offers less risk compared to other conventional hormone therapy. But regular synthesized bio-identical hormones not necessarily have to be a custom-compounded (custom-mixed) product in order to develop the result, as there are commercially available bio-identical products that meets the definition and are commercially available. Mostly the bio-identical hormones replacement therapy involves products in order to be in use for the treatment of symptoms and related complications of menopause such as, night sweats, mood changes, weight gain, vaginal dryness, mood changes, fatigue, hot flashes etc. Bio-identical hormones replacement therapy however is affected with side effects such as increased risk of heart attack, breast cancer, stroke, etc. and does not come out as an ideal replacement for the conventional approach
Bio-identical Hormones Replacement Therapy Market: Drivers and Restraints
Bio-identical Hormones Replacement Therapy uses a simple theory of extracting hormones which are made on pre-prescription and are observed to be in use majorly for the complications associated with menopause. Bio-identical Hormones Replacement Therapy market is rising and being affected with increasing geriatric population, rising awareness, healthcare reforms, growing screening for hormonal deficiency, and growing financial stability in women etc. The market for Bio-identical Hormones Replacement Therapy is restricted regarding their use, low healthcare expenditure in developing regions, side effects of most hormonal therapies, costs considerations, etc.
Bio-identical Hormones Replacement Therapy Market: Segmentation
Tentatively, the global Bio-identical Hormones Replacement Therapy Market has been segmented on the basis of type, product, end user and geography.
Based on type, the global Bio-identical Hormones Replacement Therapy Market is segmented as:
Estrogens
Progesterone
Testosterone
Others
Based on product type, the global Bio-identical Hormones Replacement Therapy Market is segmented as:
Tablets and capsules
Creams and gels
Injectable
Patches and Implants
Others
Based on End User, the global Bio-identical Hormones Replacement Therapy Market is segmented as:
Hospitals
Clinics
Research and academics
Others
Bio-identical Hormones Replacement Therapy Market: Overview
The global market Bio-identical Hormones Replacement Therapy is consolidated with several players operating in the global space. Combined approaches of using Bio-identical Hormones Replacement Therapy with better technological advancements to omit the undue problems while using a system is expected to create a high demand. Some of the established brands of Bio-identical
Bio-identical Hormones Replacement Therapy Market: Regional Wise Outlook
Geographically, the Bio-identical Hormones Replacement Therapy Market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding China and Japan, Japan, China, Middle East and Africa. The North America 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 bio-identical hormones replacement therapy market. Western 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. Gulf nations such as Saudi Arabia and the UAE are projected to drive the Middle East & African market, moderate growth is expected owing to poor economic and healthcare development. China is expected to take a progressive step in the market for global Bio-identical Hormones Replacement Therapy Market throughout the forecast period due to its reformed healthcare policies and public initiatives to cut down the prevalence rate.
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Bio-identical Hormones Replacement Therapy Market: Key Players
Examples of some of the major players in the global Bio-identical Hormones Replacement Therapy Market are SottoPelle, BioTE Medical, Advantage Pharmaceuticals, Inc., Full Life Wellness Center, Neuva Aesthetics, Defy Medical, Biostation are some of the key players operating in this market. Technological advancement in already marketed products is the major trend emerging in the global Bio-identical Hormones Replacement Therapy Market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
Asia Pacific Excluding Japan and China (India, Australia & New Zealand, ASEAN)
Japan
China
Middle East and Africa (GCC, S. Africa, Rest Of MEA)
Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
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