Bioidentical Hormones Market Analysis Value Projected to Expand by 2027

Bioidentical Hormones Market: Introduction

Hormones in the body are mainly responsible for controlling various functions, from metabolism of food to sexual desire. Change is hormonal levels happens over time, especially among women approaching menopause. In men, hormonal changes are observed after the age of 40.
Hormone replacement therapy is commonly used to balance estrogen and progesterone in women
Bioidentical hormones are nothing but man-made hormones that are similar to the hormones produced naturally in the body. These hormones are used to treat low or out of balance hormonal levels among men and women. Commonly matched hormones are testosterone, estrogen, and progesterone.
Bioidentical hormones are used for various indications such as vaginal dryness, pain during sex, night sweats, loss of interest in sex, and sleeping problems

Key Drivers and Restraints of Global Bioidentical Hormones Market

Increase in awareness about hormonal deficiency, rise in focus on women health care & treatment of hormonal imbalances among women, and growing acceptance of bioidentical hormones replacement therapy primarily drive the global bioidentical hormones market
Additionally, rise in number of screening tests, increase in geriatric population, lifestyle changes, increased stress & work pressure, irregular eating habits, and lack of exercise are expected to fuel the global bioidentical hormones market during the forecast period
On the other hand, safety issues related to the use of compound bioidentical hormones is likely to restrain the growth of the market during the forecast period

Estrogen Segment to Account for Major Share of Global Bioidentical Hormones Market

Based on type, the global bioidentical hormones market can be classified into estrogen, progesterone, testosterone, combined hormones, and others
The estrogen segment is anticipated to dominate the global market during the forecast period, due to increase in number of research studies related to estrogen; rise in obesity and related health issues influencing estrogen levels among women; and growing concerns regarding mental & physical health of women

Tablets & Capsules Segment to Gain Major Share of Global Bioidentical Hormones Market

Based on product, the global bioidentical hormones market can be classified into tablets & capsules, creams & gels, injectables, patches & implants, and others
Tables & capsules segment is projected to gain market share between 2019 and 2027, due to ease of administration and high preference of tablets & capsules among patients

Online Pharmacies Segment to Offer Significant Opportunities

In terms of distribution channel, the global bioidentical hormones market can be segmented into hospital pharmacies, retail pharmacies, and online pharmacies
The online pharmacies segment is expected to gain significant share of share the global bioidentical hormones market by 2027. Increase in availability of bioidentical hormone products at online pharmacies and rise in awareness about online pharmacies in emerging countries in Asia Pacific are projected to promote growth of the segment during the forecast period.

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