PUBLISHER: Orion Market Research | PRODUCT CODE: 1215662
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215662
Title:Global Estrogen and Progesterone Market Size, Share, and Trends Analysis Report by Type (Aglepristone, Mifepristone, Asoprisnil, Telapristone, and Ulipristal Acetate) and By Distribution Channel (Pharmacy and Hospital and Clinics), Forecast Period (2022-2028).
The global estrogen and progesterone market is anticipated to grow at a considerable CAGR of 14.1% during the forecast period. The rising trend of natural and organic hormone balancing drugs is generating new opportunities for market development. Natural progesterone-based products are inclusive of combination drug therapies made from soybeans or a wild, inedible Mexican yam called Dioscorea villosa. Crinone and Prometrium are the most natural progesterone drugs in the market. This report will further analyze all the primary as well as secondary factors that are directly or indirectly impacting the growth of the market.
The global estrogen and progesterone market is segmented based on the type and distribution channel. Based on the type, the market is segmented into aglepristone, mifepristone, asoprisnil, telapristone, and ulipristal acetate. Based on the distribution channel, the market is sub-segmented into pharmacy, and hospital and clinics. Among these distribution channels, the hospital segment holds the major share in the market as it is the most trusted source for drug purchases among consumers. However, the rising trend of OTC drugs and attractive discounts offered by pharmacies will significantly drive the pharmacy segment in the market. The above-mentioned segments can also be customized as per the requirements.
Geographically, the global estrogen and progesterone market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The market can also be analyzed for a particular region or country level as per the requirement. Most nations, including the UAE and Saudi Arabia, had banned sex-change surgeries. Patients with gender dysphoria can only undergo sex correction therapies or surgeries if they get approval from the governmental medical commission. As per the Gulf News, around 2,000 Saudis had undergone sex correction surgeries in the past 36 years. Such government regulations have a mixed impact on the estrogen and progesterone market.
The major companies serving the global estrogen and progesterone market include AstraZeneca Ltd., Teva Pharmaceutical Industries Ltd., Abbott Healthcare Products B.V., Novartis International AG, Pfizer Inc., Merck Serono Ltd., and Bayer AG, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Bayer AG announced the acquisition of KanDy Therapeutics Inc. in August 2020, which aids in the expansion of Bayer's women's drug pipeline by adding KanDy's menopause drug to its portfolio.
Research Methodology
The market study of the global estrogen and progesterone market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: