Discover trends, market shifts, and competitive outlooks for the biosimilar hormones industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#How Has The Biosimilar Hormones Market Growth Evolved From 2024 To 2025, And What’s Ahead?#_x000D_

The market size of biosimilar hormones has seen a significant increase in the past few years. It is projected that the market will expand from $3.9 billion in 2024 to $4.98 billion in 2025, with a compound annual growth rate (CAGR) of 27.5%. This growth observed in the historical period is due to the increase in chronic diseases, the rise in the elderly population, heightened awareness about biosimilar hormones, and wider accessibility to healthcare services._x000D_

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In the coming years, the biosimilar hormones market size is projected to experience remarkable growth, predicted to reach $11.77 billion by 2029, growing at a compound annual growth rate (CAGR) of 24.0%. Factors such as the expansion of hormone targets, increased acceptance among patients, advancements in production, support from the government, growing clinical trial data, and improved healthcare accessibility account for the expected growth during the forecast period. Major trends that are anticipated in the forecast period encompass personalized hormone replacement, product introductions, pricing and access strategies, along with a focus on patient-centric care._x000D_

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#What External and Internal Drivers Are Contributing to the Growth of the Biosimilar Hormones Market?#_x000D_

The presence of deficiencies in growth and metabolic hormones leads to an expansion in the market. Over time, treatment methods have developed and improved for conditions related to hormones, which has caused an increased need for hormone biosimilars. For instance, the British Medical Journal, a peer-reviewed medical trade journal based in the UK, reported in January 2022 that the global prevalence of GH deficiency (GHD) in children is estimated to vary, ranging from 1 in 3500 to 1 in 10000. In addition, a Medscape report from June 2022 projected that approximately 6,000 adults in the USA are anticipated to be diagnosed with growth hormone (GH) deficiency. The pressing need to provide care to patients suffering from hormonal deficiencies propels the upward trajectory of the biosimilar hormones market._x000D_

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#What Segment Types Define the Biosimilar Hormones Market Structure?#_x000D_

The biosimilar hormones market covered in this report is segmented –_x000D_

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1) By Type: Teriparatide Biosimilars, Follitropin Alfa Biosimilars, Insulin Biosimilars, Somatropin Biosimilars, Other Types_x000D_

2) By Application: Research & Biotechnology, Diagnostics, Biocatalysts, Therapeutics, Other Applications_x000D_

3) By Distribution Channel: Hospital And Retail Pharmacy, Online Pharmacy/pharmacy, Specialty Clinics_x000D_

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Subsegments:_x000D_

1) By Teriparatide Biosimilars: Osteoporosis Treatment, Bone Health Maintenance_x000D_

2) By Follitropin Alfa Biosimilars: Infertility Treatment, Assisted Reproductive Technology (ART)_x000D_

3) By Insulin Biosimilars: Type 1 Diabetes Management, Type 2 Diabetes Management_x000D_

4) By Somatropin Biosimilars: Growth Hormone Deficiency Treatment, Pediatric Growth Disorders_x000D_

5) By Other Types: Thyroid Hormones, Corticosteroids_x000D_

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#Which Geographic Areas Hold the Strongest Growth Potential in the Biosimilar Hormones Market?#_x000D_

The countries covered in the biosimilar hormones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada._x000D_

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#Which Emerging Trends that Are Influencing the Biosimilar Hormones Industry Evolution?#_x000D_

Several prominent entities in the biosimilar hormones sector are capitalizing on numerous strategic measures such as introducing new products in untapped markets to reach a wider demographic. The firms have prioritized global product launches as a way to increase sales and optimize earnings. For example, Alvotech Holdings S.A., a biopharmaceutical company situated in Luxembourg and known for its expertise in biosimilar medicine development, formed a collaboration with Fuji Pharma Co. Ltd., a pharmaceutical company based in Japan, in February 2022. This partnership aims to design biosimilar drug candidates specifically for the Japanese market. Both entities have agreed to incorporate new components into their strategic pact to facilitate the production and promotion of biosimilar medicines in Japan._x000D_

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#What Is the Definition of the Biosimilar Hormones Market?#_x000D_

Biosimilar hormones refer to the hormones included in the product that are chemically identical to those produced by your body. The hormones in bioidentical drugs may be identical to those used in conventional hormone therapy. They are used to treat people whose hormone levels are low or out of whack._x000D_

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