Compounded Bioidentical Hormone Therapy Market is expected to grow at a CAGR of 5.2% during the forecast period
During the forecast period, the demand for Compounded Bioidentical Hormone Therapy will gradually increase, which will provide producers with numerous lucrative development opportunities in the future.
What are the key drivers of Compounded Bioidentical Hormone Therapy market?Bioidentical hormones are artificial hormones that are chemically similar to those naturally produced by the human body. Because they are chemically similar to the hormones produced by the body, bioidentical hormones act as the body’s own hormones with very few side effects.
One of the primary factors expected to fuel the rise and demand for compounded bioidentical hormone therapy is the growing geriatric population. Furthermore, during the forecast period, the global compounded bioidentical hormones therapy market is predicted to rise due to increased screening for hormonal insufficiency and an expansion of the patient pool.
Similarly, increased consumer awareness of compounded bioidentical hormone therapy, as well as an increase in the prevalence of hormonal imbalance ailments, are likely to propel market growth. Furthermore, the growing use of pharmaceuticals and high health-care spending are projected to be important drivers of the compounded bioidentical hormone therapy demand outlook development.
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Atrevis Hydrogel: The Next-Generation Base for Testosterone DeliveryPavilion Compounding Pharmacy offers a latest product called PCCA’s Atrevis hydrogel for topical testosterone formulations. Atrevis Hydrogel is a topical drug that delivers testosterone through the skin.
A hydrogel is a three-dimensional (3D) network of polymers or molecular structures capable of retaining fluids and drugs. The benefits of using AtrevisTM include superior hormone delivery, quick absorption through the skin, no alcohol content, and it does not clog the skin pores.
U.S. and Canada: Compounded Bioidentical Hormone Therapy Demand Outlook.U.S. and Canada region accounts for the majority of compounded bioidentical hormones therapy market share due to broad pharmaceutical use, rapid acceptance of innovative treatments in the United States, and high healthcare expenditure.
The majority of the research firms in this region are located in developed countries such as the United States, with a few in Canada, which is expected to facilitate huge growth of this industry in the forecast period.
Europe: Compounded Bioidentical Hormone Therapy Demand Outlook.Europe is the world’s second largest region with respect to the compounded bioidentical hormone therapy demand outlook. This can be accounted for by the higher disposable income in the region along with major healthcare penetration amongst the population in Europe.
Along with that, the increased awareness of compounded bioidentical hormone therapy amongst the population are projected to propel the growth of this industry in the forecast period.
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Who are the key players in the Compounded Bioidentical Hormone Therapy industry?Some of the key players in this market are Pavilion compounding pharmacy
- BioTE Medical
- Advantage Pharmaceuticals Inc.
- Full Life Wellness Center
- Neuva Aesthetics
- Defy Medical
- Bio station
- Noven Pharmaceuticals
- Novartis AG
- Pfizer Inc.
- Therapeutics MD Inc
- Bayer AG
- Novo Nordisk A/S.
Bayer AG announced the acquisition of KanDy Therapeutics, Inc in August 2020, which will help Bayer expand its women’s medicine pipeline by adding KanDy’s menopausal treatment to its portfolio.
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.
Compounded Bioidentical Hormone Therapy Market Report Highlights:
- Shifting Industry dynamics.
- In-depth market segmentation.
- Historical, current and projected industry size recent industry trends.
- Key Competition landscape.
- Strategies for key players and product offerings.
- Potential and niche segments/regions exhibiting promising growth.
- A neutral perspective towards market performance.
Note: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may take time to reflect in the analysis.Key Segments By Product Type:
By Route of Administration:
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Drug Stores
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- North America
- Latin America
- South Asia
- East Asia