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What Major Innovations Are Driving the Accelerated Growth of the Synthetic Hormones Market?

The growth of the synthetic hormones market is being fueled by the rising prevalence of hormonal imbalances. Hormonal imbalances are characterised by the abundance or scarcity of certain hormones in the bloodstream, which could be caused by stress, aging, certain medical conditions, or lifestyle decisions, leading to the disruption of average hormone production and regulation in the body. Synthetic hormones play a crucial role in hormonal imbalances, as they can supplement or substitute natural hormones, helping control bodily functions and easing symptoms linked to deficiencies or surpluses. For example, the NHS Business Services Authority, a non-departmental public body in the UK, reported that approximately 7.80 million hormone replacement therapy (HRT) items were prescribed in England in 2022, demonstrating a 35.0% surge from the previous year. Hence, the escalating prevalence of hormonal imbalances is fuelling the expansion of the synthetic hormones market.

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#What is the Anticipated CAGR of theSynthetic Hormones Market, and What Factors Will Drive It?

The market for synthetic hormones has experienced significant growth in recent years. Projected to expand from $6.38 billion in 2024 to $6.77 billion in 2025, it boasts a compound annual growth rate (CAGR) of 6.2%. This market growth during the historical period is attributed to factors such as animal growth promotion, performance boosting, environmental impact, fertility solutions, and the management of menopausal symptoms.

In the projection period, a stable increase is anticipated in the market size of synthetic hormones, which is forecasted to hit $8.15 billion in 2029 with a compound annual growth rate of 4.7%. This expansion within the forecast period can be linked to the growth of the transgender healthcare market, increased healthcare expenses and insurance coverage, regulatory permissions, and the widening usage of synthetic hormones. Key trends within the forecast period consist of the emergence of plant-based hormone treatments, the incorporation of hormone therapy into anti-aging remedies, advancements in drug delivery technology, and a focus on hormone-free options for birth control.

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What Are the Most Significant Market Trends Transforming theSynthetic Hormones Market?

Leading businesses in the synthetic hormone industry are concentrating their efforts on introducing innovative items like recombinant human growth hormone to enhance their market profitability. Recombinant human growth hormone, a synthetic hormone, is used to address growth hormone deficiencies in both children and adults in addition to certain specific medical conditions tied to growth hormone deficiency. For example, in February 2022, Pfizer Inc., a pharmaceutical firm operating in the U.S., and OPKO Health Inc., a U.S.-based medical test and medication company, were given the green light to market once-weekly NGENLA (somatrogon) injections within the European Union. These injections are designed to treat pediatric growth hormone deficiency in children and teenagers who are a minimum of three years old. This innovative long-acting injection offers an alternative for those dealing with growth problems due to a lack of sufficient growth hormone secretion. NGENLA is delivered subcutaneously and remains in the body for a longer duration compared to daily growth hormone injections, thereby making it feasible to use it just once a week.

What Are the Top Market Players Propelling the Growth of theSynthetic Hormones Industry?

Major companies operating in the synthetic hormones market are Pfizer Inc., Johnson & Johnson, AbbVie Inc., Bristol Myers Squibb Company, Sanofi SA, AstraZeneca PLC, Novartis AG, GlaxoSmithKline PLC, Gilead Sciences Inc., Boehringer Ingelheim International GmbH, Novo Nordisk A/S, Merck & Co. Inc., Teva Pharmaceutical Industries Ltd., Ferring B.V., Endo Pharmaceuticals Inc., Lupin Pharmaceuticals Inc., IBSA Institute Biochimique SA, American Regent Inc., McGuff Pharmaceuticals Inc., Anhui Anke Biotechnology Co.Ltd., Lyndra Therapeutics Inc., Acerus Pharmaceuticals Corporation, Arch BioPartners Inc., Slayback Pharma LLC

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Which Primary Segments of the Synthetic Hormones Market Are Driving Growth and Industry Transformations?

The synthetic hormones market covered in this report is segmented –

1) By Product Type: Steroid Hormones, Peptide Hormone, Amino Acid Derivatives, Other Product Types

2) By Route of Administration: Oral, Nasal, Topical, Intravenous

3) By Application: Growth Hormone Deficiency, Thyroid Hormone Deficiency, Menopause, Male Hypogonadism, Other Applications

4) By End User: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies

Subsegments:

1) By Steroid Hormones: Corticosteroids, Estrogens and Progesterone, Androgens, Progestins

2) By Peptide Hormones: Insulin, Growth Hormones, Thyroid Stimulating Hormones, Leptin

3) By Amino Acid Derivatives: Thyroxine (T4), Epinephrine (Adrenaline), Melatonin, Serotonin

4) By Other Product Types: Vitamin D Derivatives, Prostaglandins, Gonadotropins

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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Synthetic Hormones Market?# Market?

North America was the largest region in the synthetic hormones market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the synthetic hormones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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