The global bio-identical hormone replacement therapy (BHRT) is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The BHRT is a process of treating hormonal imbalances with bio-identical hormones. The rise in the aging population who are more prone to hormonal imbalance is anticipated to fuel the demand for bio-identical hormone replacement therapy. According to the data published by WHO in 2021, the share of the population aged 60 years is anticipated to increase from 1 billion in 2020 to 1.4 billion and by 2050 the world’s population of people aged 60 and older is anticipated to double to 2.1 billion. Moreover, the numbers of persons aged 80 years and older are anticipated to triple between 2020 to 2050 to reach 426 million. Thus, owing to this factor, the global BHRT market is anticipated to grow at a significant rate during the forecast period.
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According to the Community based cross-sectional study conducted in India by National Center for Biotechnology Information (NCBI) in 2019, the prevalence of menopausal symptoms was found to be 87.7%. Out of which 80.0% had anxiety followed by 71.5% of women suffering from physical and mental exhaustion, 61.2% of women had a sleep problem, 60.7% of women reported joint and muscular discomfort, and 36.7 % of women reported hot flushes. Thus, the rise in the prevalence of menopausal symptoms is anticipated to fuel the demand for hormone replacement therapy, which in turn will further drive the growth of the global BHRT market during the forecast period.
Looking towards the demand for bio-identical hormone therapies, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in January 2022, Pfizer Inc and opko Health Inc had announced that the US FDA issued a Complete Response Letter (CRL) for the Biological License Application (BLA) for Somatrogron. Somatrogron is a long-acting recombinant human growth hormone for the treatment of growth hormone deficiency (GHD) in pediatric patients.
Moreover, in May 2021, Pfizer Inc and Myovant Sciences had received the US FDA approval of Myfembree (relugolix 40mg, estradiol 1 mg, and norethindrone acetate 0.5mg) for the treatment of management of heavy bleeding associated with uterine fibroids in premenopausal women. The approval was based on the efficacy and safety data from the phase 3 Liberty 1 and Liberty 2 studies, which were published in the New England Journal of Medicine. Further, in April 2021, Therapautics Inc and Theramex had received the approval from Medicines and Healthcare Products Regulatory Agency(MHRA) and the Federal Agency of Medicines and Health Products (FAMHP) for the use of Bijuve in the Uk. Bijuva is the body-identical hormone therapy treatment (HRT) for estrogen deficiency treatment in post-menopausal women with an intact uterus. Thus, such product launches coupled with approvals are anticipated to drive the growth of the global bioidentical hormone replacement therapy market during the forecast period.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Product
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- SottoPelle, BioTe Medical LLC, and RevitaLife among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Bio-Identical Hormone Replacement Therapy Market Report by Segment
By Type
- Estrogens
- Progesterone
- Testosterone
- Others
By Product
- Tablets and Capsules
- Creams and Gels
- Injectable
- Patches and Implants
- Others
By End-User
- Hospital
- Clinics
- Research and Academics
- Others
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