Bio-identical Hormones Replacement Therapy Market
Bio-identical Hormones Replacement Therapy Market By Administration (Oral, Parenteral), By Segment (Menopause, Growth Hormone deficiency), By Type (Estrogens, Progesterone), By Product Type, By End-Use & By Region - Global Market Insights 2022 to 2032
Analysis of Bio-identical Hormones Replacement Therapy Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Bio-identical Hormones Replacement Therapy Market Outlook
The global bio-identical hormones replacement market value accounts for USD 36,059.24 million in 2022. This market is expected to grow at a CAGR of 5.1% from 2022 to 2032. The valuation of the bio-identical hormones replacement segment is expected to surpass the value of USD 59,298.50 Million by 2032.
Report Attributes |
Details |
|---|---|
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Bio-identical Hormones Market size (2022 A) |
USD 36,059.24 Million |
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Base Year for Estimation |
2022 |
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Forecast duration for this research |
2022-2032 |
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Forecasted Market value (2032 F) |
USD 59,298.50 Million |
|
Global Market Growth rate (2022-2032 E) |
CAGR 5.1% |
|
Key Companies Profiled |
|
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What are the Factors that Favor the growth of Bio-identical Hormones Replacement?
The bio-identical hormone replacement process involves plant-based estrogens that are used to resemble hormones produced by the human body. In recent years, bio-identical hormone replacement has noticed rising demand as there is an increase in hormone-related health issues.
The hormonal issues rise with the declining levels of hormones as rising age. These changes are visible in weight gain, lower body energy, and lack of sleep.
Maintaining the hormonal balance in the body drives the growth of hormone replacement therapies. The rising lifestyle stress and increasing cancer cases globally are likely to have a stake in the demand for hormonal replacement treatment in the future. There is rising awareness about treating hormonal deficiencies, which has been a key factor in the growth of the market in recent years.
Hormonal replacement therapy is widely gaining acceptance in women patients as it is effective in treating menopause, unusual weight gain, vaginal dryness, and mood swings. The rising awareness among women regarding health issues has a positive impact on the growth of the bio-identical hormone replacement therapy market. With more women becoming financially stable, this market is expected to continue growing for the forecast duration.
Safety of Bioidentical Hormones Puts the Players away from the Game
The US food and drug administration (FDA) passes the bio-identical hormones after testing for safety. These hormone tests have been sustained through the strict compliance standards by FDA. However, considering the risks and side effects, experts suggest choosing FDA-approved hormones after the advice of a healthcare assistant.
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Players Optimize the Efficiency of Bio-identical Hormones for Better Sales
The results of bio-identical hormone treatment are likely to differ from person to person depending on the body considerations and health history of a person. The consultation of a healthcare person essentially has a crucial role in spreading the right awareness about the possible impacts and benefits associated with bio-identical hormone treatment among people. Bio-identical hormone replacement therapy is suggested by experts over traditional hormone replacement treatments.
Risks Associated with Bio-identical Hormone Replacement Therapy that is likely to Affect Market Growth
There is considerable risk associated with these therapies, including side effects on the body and heart. There are incidences of heart conditions found in patients after hormone replacement, including stroke and attacks. As per the research of the Cleveland Clinic, there is a risk of blood clots and gallbladder diseases associated with hormone therapies.
The compounded bio-identical hormones are associated with the risks as they are not approved by FDA and not suggested by health experts due to their long-term side effects. However, these side effects are more in the initial stages as the body is new to the inserted hormones, and with time, the body gets adjusted to the new levels of hormones.
High cost and potential side effects are major restraints faced by this market. The lower healthcare expenditure of poor and developing economies further hinders the penetration of the bio-identical hormone replacement therapy market. Rising demand for menopausal hormone therapy is likely to result in a supply shortage, increasing the struggle for players in the market.
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Segment wise analysis
Oral insertion of hormones is preferred for ease of administration
Based on the way to administer hormones, oral insertion of hormones will have the largest market share in 2022. This is expected to grow in the forecast period. Oral therapies are mostly preferred for the ease of administration associated with them. However, oral hormone replacement therapy has disadvantages, such as the need for daily dosing. These doses are relatively high compared with doses used parenterally.
There are variations in intestinal absorption and an increase in plasma triglyceride levels leading to alteration in hepatic proteins. Moreover, there is a concern about the elevation of triglyceride levels with oral estragon, an important risk factor for cardiovascular disease.
Parenteral administration is associated with a new matrix that is transdermal alcohol-free and causes lower skin reactions. This method does not affect the plasma profile, unlike the oral route. There is a reduced risk of cardiovascular diseases in parenteral ways owing to controlled trials.
The menopause segment is estimated to grow the demand for hormone replacement therapies.
Based on the indication, the menopausal segment is projected to grow at the fastest rate due to a global hormonal imbalance surge among women. The menopause can be more severe if hypothyroidism is not treated well. Treating thyroid symptoms is essential to managing menopause, where hormonal replacement is a decisive factor.
There is steady growth in growth hormone deficiencies owing to genetic defects and severe brain injuries, as there are no clear causes rectified in many cases. This segment is expected to open opportunities for research in the forecast period.
North America is the leading region in the bio-identical hormone therapy market
As per the women’s health across the nation(SWAN) survey, around 80% of women in the USA have reported vasomotor symptoms that indicate the early start of menopause affecting their reproductive abilities. This opens the scope for the growth in demand for quality hormone replacement therapies in this region in the forecast period.
The rise in demand for these therapies is also attributed to the rise in the financial abilities of individuals, increased health awareness, rising health expenditure, and increasing women’s workforce participation in the region. Available healthcare support, access to treatments, and education available across people are reasons for rising demand in the North American region.
Europe remains the second largest market owing to higher per-person income and commendable penetration of health care infrastructure.
The Asia Pacific regions are also expected to drive the growth of bio-identical hormone markets in the future due to progress in government initiatives and changing social-cultural perspectives towards women’s health issues. India and China are anticipated to become major players in forecast durations owing to their rising health expenditure and growth in the healthcare sector.
China is expected to make dynamic progress in upcoming years due to its initiative to cut the prevalence rate. The amendment of Chinese health policies is likely to favor demand for bio-identical hormone replacement therapies in the forecast period.
Strategies by Bio-Identical Hormones Replacement Therapy Market Player
The players in the global hormone replacement therapy market experience higher competition as the industry is driven by key companies that focus on gaining maximum share and applying market competencies. These players rely on collaborations, strategic partnerships, and acquisitions. Standards of services, and assistance before and post therapies are also decisive factors for industry players to maintain customer trust and edge in markets.
- In October 2018, TherapeuticsMD received FDA approval for its TX-001HR: BIJUVA™ capsules for the treatment of moderate to severe vasomotor symptoms of menopause. According to the company, it is the first and only bio-identical hormone therapy approved by the FDA that uses a combination of estradiol and progesterone.
- The Biostation has recently launched educational eBooks for uncovering root causes and solutions for making customers aware of their health. These guides are designed to give information and treatment solutions leading to customer trust.
Bio-identical Hormones Replacement Therapy Market: Segmentation
The global bio-identical hormones replacement therapy market has been segmented :
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By Administration :
- Oral
- Parenteral
- Other
-
By Segment :
- Menopause
- Growth hormone deficiency
- Other
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By Type :
- Estrogens
- Progesterone
- Testosterone
- Others
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By Product Type :
- Tablets and capsules
- Creams and gels
- Injectable
- Patches and Implants
- Others
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By End User :
- Hospitals
- Clinics
- Research and academics
- Others
-
By Region :
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Administration 6.2. Segment 6.3. Type 6.4. Product Type 6.5. End User 7. Global Market Analysis and Forecast, By Administration 7.1. Oral 7.2. Parenteral 7.3. Other 8. Global Market Analysis and Forecast, By Segment 8.1. Menopause 8.2. Growth hormone deficiency 8.3. Other 9. Global Market Analysis and Forecast, By Type 9.1. Estrogens 9.2. Progesterone 9.3. Testosterone 9.4. Others 10. Global Market Analysis and Forecast, By Product Type 10.1. Tablets and capsules 10.2. Creams and gels 10.3. Injectable 10.4. Patches and Implants 10.5. Others 11. Global Market Analysis and Forecast, By End User 11.1. Hospitals 11.2. Clinics 11.3. Research and academics 11.4. Others 12. Global Market Analysis and Forecast, By Region 12.1. North America 12.2. Latin America 12.3. Western Europe 12.4. Eastern Europe 12.5. East Asia 12.6. South Asia & Pacific 12.7. MEA 13. North America Sales Analysis and Forecast, by Key Segments and Countries 14. Latin America Sales Analysis and Forecast, by Key Segments and Countries 15. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 16. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 17. East Asia Sales Analysis and Forecast, by Key Segments and Countries 18. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 19. MEA Sales Analysis and Forecast, by Key Segments and Countries 20. Sales Forecast by Administration, Segment, Type, Product Type, and End User for 30 Countries 21. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 22. Company Profile 22.1. SottoPelle 22.2. Biostation 22.3. Neuva Aesthetics 22.4. Advantage Pharmaceuticals, Inc. 22.5. Defy Medical 22.6. Full Life Wellness Center 22.7. BioTE Medical 22.8. TherapeuticsMD 22.9. BodyLogicMD 22.10. RevitaLife 22.11. Aesthetics & Wellness 22.12. US Compounding
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Administration
Table 3: Global Market US$ Mn Forecast by Segment
Table 4: Global Market US$ Mn Forecast by Type
Table 5: Global Market US$ Mn Forecast by Product Type
Table 6: Global Market US$ Mn Forecast by End User
Table 7: North America Market US$ Mn Forecast by Country
Table 8: North America Market US$ Mn Forecast by Administration
Table 9: North America Market US$ Mn Forecast by Segment
Table 10: North America Market US$ Mn Forecast by Type
Table 11: North America Market US$ Mn Forecast by Product Type
Table 12: North America Market US$ Mn Forecast by End User
Table 13: Latin America Market US$ Mn Forecast by Country
Table 14: Latin America Market US$ Mn Forecast by Administration
Table 15: Latin America Market US$ Mn Forecast by Segment
Table 16: Latin America Market US$ Mn Forecast by Type
Table 17: Latin America Market US$ Mn Forecast by Product Type
Table 18: Latin America Market US$ Mn Forecast by End User
Table 19: Western Europe Market US$ Mn Forecast by Country
Table 20: Western Europe Market US$ Mn Forecast by Administration
Table 21: Western Europe Market US$ Mn Forecast by Segment
Table 22: Western Europe Market US$ Mn Forecast by Type
Table 23: Western Europe Market US$ Mn Forecast by Product Type
Table 24: Western Europe Market US$ Mn Forecast by End User
Table 25: Eastern Europe Market US$ Mn Forecast by Country
Table 26: Eastern Europe Market US$ Mn Forecast by Administration
Table 27: Eastern Europe Market US$ Mn Forecast by Segment
Table 28: Eastern Europe Market US$ Mn Forecast by Type
Table 29: Eastern Europe Market US$ Mn Forecast by Product Type
Table 30: Eastern Europe Market US$ Mn Forecast by End User
Table 31: East Asia Market US$ Mn Forecast by Country
Table 32: East Asia Market US$ Mn Forecast by Administration
Table 33: East Asia Market US$ Mn Forecast by Segment
Table 34: East Asia Market US$ Mn Forecast by Type
Table 35: East Asia Market US$ Mn Forecast by Product Type
Table 36: East Asia Market US$ Mn Forecast by End User
Table 37: South Asia & Pacific Market US$ Mn Forecast by Country
Table 38: South Asia & Pacific Market US$ Mn Forecast by Administration
Table 39: South Asia & Pacific Market US$ Mn Forecast by Segment
Table 40: South Asia & Pacific Market US$ Mn Forecast by Type
Table 41: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 42: South Asia & Pacific Market US$ Mn Forecast by End User
Table 43: MEA Market US$ Mn Forecast by Country
Table 44: MEA Market US$ Mn Forecast by Administration
Table 45: MEA Market US$ Mn Forecast by Segment
Table 46: MEA Market US$ Mn Forecast by Type
Table 47: MEA Market US$ Mn Forecast by Product Type
Table 48: MEA Market US$ Mn Forecast by End User
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Administration
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Segment
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 5: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 6: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Administration
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Segment
Figure 9: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 11: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 12: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Administration
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Segment
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 16: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 17: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 18: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Administration
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Segment
Figure 21: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 22: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 23: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 24: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Administration
Figure 26: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Segment
Figure 27: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 28: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 29: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 30: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Administration
Figure 32: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Segment
Figure 33: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 34: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 35: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 36: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 37: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Administration
Figure 38: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Segment
Figure 39: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 40: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 41: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 42: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 43: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Administration
Figure 44: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Segment
Figure 45: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 46: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 47: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 48: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the Growth Outlook for the Bio-identical Hormones Replacement Market?
The bio-identical hormones replacement market is likely to grow at a CAGR of 5.1% through 2032.
What is the Current Valuation of the Bio-identical Hormones Replacement Market?
The bio-identical hormones replacement market accounts for USD 36,059.24 Million in 2022.
How much can the Bio-identical Hormones Replacement Market Grow by 2032?
The valuation of the bio-identical hormones replacement segment is expected to surpass the value of USD 59,298.50 Million by end of 2032.
Bio-identical Hormones Replacement Therapy Market