Bioidentical Hormones Market Scope
Bioidentical hormones are man-made hormones that resemble the same chemical and molecular structure as natural hormones produced endogenously in a human body. Bioidentical hormones include estrogen (estradiol, estriol, and estrone), progesterone, testosterone, and dehydroepiandrosterone (DHEA). The global bioidentical hormones market is expected to rise in the future due to rising research ad development activities and rising hormonal imbalance cases.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Biote Medical (United States), Sottopell (United States), Novartis AG (Switzerland), Full Life Wellness Center (United States), Advantage Pharmaceuticals, inc (United States), Pfizer Inc (United States), Defy medical (United States), GeneScience Pharmaceuticals Co., Ltd (China) and Neuva aesthetics (United States) |
CAGR | % |
The top firms are in a competition that has their strong R&D backup for research studies and the further things which are required to get approval for such complicated drugs and enhance the treatment medications. There are firms mainly from the USA and playing a major role in the research area of Bioidentical Hormones. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Bioidentical Hormones market throughout the predicted period.
Biote Medical (United States), Sottopell (United States), Novartis AG (Switzerland), Full Life Wellness Center (United States), Advantage Pharmaceuticals, inc (United States), Pfizer Inc (United States), Defy medical (United States), GeneScience Pharmaceuticals Co., Ltd (China) and Neuva aesthetics (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Bioidentical Hormone Clinic (Australia), Pharmac Biopharma (United Kingdom), Biosyn Arzneimittel GmbH (Germany) and Bioidentical Hormone Clinic (Australia).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Bioidentical Hormones market by Type and Region with country level break-up.
On the basis of geography, the market of Bioidentical Hormones has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2023, Emerson Therapeutics, Inc., a prominent player in bioidentical hormone replacement therapy (BHRT), acquired Harmony Health, a California-based clinic specializing in personalized hormone therapy. This acquisition expands Emerson's reach and strengthens its presence in the western United States.
In December 2023, The Woodlands Wellness Centre introduced its personalized bioidentical hormone cream formulations, tailored to individual patients' hormone profiles and addressing specific health concerns. This personalized approach reflects the growing trend towards precision medicine in hormone therapy.
Influencing Trend:
Growing Screening for Hormonal Deficiency
Market Growth Drivers:
Rising Prevalence of Hormonal Imbalance Disorders and Increasing Focus on Women Health Care & Treatment of Hormonal among Women
Challenges:
Lack of Awareness among the Population and Low Healthcare Expenditure in Several Region
Restraints:
Safety Issues related to the Use of Compound Bioidentical Hormones
Opportunities:
Rising Research and Development Activities in Developing Countries and Growth in the Health Care Industry
Key Target Audience
Global Bioidentical Hormones treatment manufacturers & suppliers, Research and development (R&D) companies, Hospitals and clinics and Academic institutes and universities