BIO-IDENTICAL HORMONES MARKET ANALYSIS
Global Bio-identical Hormones Market – Dynamics
Factors such as increasing geriatric population and females in the menopausal age group are expected to boost the growth of the bio-identical hormones market over the forecast period. For instance, according to an article published in the National Center for Biotechnology Information (NCBI) in November 2019, nearly 1.3 million women become menopausal every year in the U.S and around 75% of the females experience vasomotor symptoms such as hot flashes, palpitations and night sweating due to menopause.
In addition to the aforementioned factors, rising awareness about the bio-identical hormone replacement therapy (BHRT), coupled with increased screening of hormonal deficiency is projected to propel the market growth over the forecast period. For instance, according to a study conducted by researchers from the Obstetrics and Gynecology Department of Kafkas University in January 2019, in Turkey, nearly 432 females out of 926 opted for bio-identical hormone replacement therapy in order to treat their menopausal symptoms.
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