The global progesterone market is poised for significant expansion over the next decade, according to extensive research. Projected to grow at a healthy Compound Annual Growth Rate (CAGR) of 12.30% from 2024 to 2034, the market is anticipated to rise from its preliminary valuation of USD 1.50 billion in 2024 to an impressive USD 4.80 billion by 2034.
The surge in the progesterone market is driven by the increasing prevalence of critical health conditions such as breast cancer, AIDS, and amenorrhea. Progesterone’s pivotal role in treating these issues is a key factor contributing to the market’s upward trajectory. Researchers have highlighted the efficacy of progesterone, especially when combined with estradiol, in regulating various medical disorders, including human immunodeficiency virus (HIV).
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According to the World Health Organization reports in 2021, around 38.4 million people were infected with HIV. For breast cancer treatment, hormone therapy is constrained to cases that show the prevalence of receptors for progesterone and estrogen.
The progesterone and estrogen market envisions higher growth opportunities because of the surging investments and the research and development practices of private research establishments and government institutions to reveal better usages of hormone therapy. There are diverse ongoing investigations to evaluate the influence of progesterone in postmenopausal women.
The progesterone industry witnesses growth constraints because of the side effects encountered after its treatment. Some prevalent side effects are weight fluctuations, increased face and body hair, headache, persistent breast tenderness, and baldness. Though these symptoms do not seem grave, yet they can become serious if the progesterone treatment is not done in a disciplined and experienced environment.
Regional Outlook:
North America is slated to garner a considerable share of the progesterone market, because of the amplifying resilience of modern treatments. A catalyst to the growth is the foresighted approach of progesterone vendors, who are undertaking joint efforts to strengthen their research and development abilities. This strategy is in response to the escalating demand for progesterone, which is spurred by the high disease burden, such as rising cases of kidney, and breast cancer and a soaring population of menopausal women.
“The progesterone demand is slated to witness growth owing to spurring demand from health protection sectors worldwide. Factors like soaring consciousness of women’s health and development in pharmaceuticals strengthen progesterone market expansion.”, says an FMI analyst.
Key Takeaways:
- The natural segment in the formulation category is set to grab a share of 62.00% in 2024.
- In the route of administration category, the injectable segment is set to acquire a market share of 38.20% in 2024.
- The United States progesterone industry implies augmentation at a CAGR of 12.60% between 2024 and 2034.
- The United Kingdom progesterone market indicates a CAGR of 13.70% through 2034.
- Chinese market infers a CAGR of 13.20% through 2034.
- Japan’s sale of progesterone indicates a CAGR of 14.10% through 2034.
- South Korean progesterone market reflects expansion between 2024 and 2034 at a CAGR of 14.70%.
Competitive Landscape:
Prominent progesterone vendors are striving to dominate the market. The industry is set to experience a considerable upsurge in integrated progesterone companies and an amplified presence for regional brands, booming their market share. The progesterone providers adopt novel technologies, research and development, and expansions to augment their position.
Latest Evolutions:
- In September 2022, the Scottish Medicines Consortium commenced the usage of BIJUVE (1mg Estradiol/100mg Progesterone) across the NHS. Theramex’s Bijuve® is the first body-identical hormone replacement therapy (HRT) signified for estrogen insufficiency traits in postmenopausal women.
- In May 2023, the FDA sanctioned Veozah, a drug made to curb symptoms like flushing and sweating undergone by women with low estrogen levels.
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Key Market Players:
- Alkem Laboratories Ltd
- Aquatic Group
- Bionpharma Inc.
- Cadila Pharmaceuticals
- Cipla Inc.
Key Segments:
By Formulation:
- Natural
- Synthetic
By Route of Administration:
- Injectable
- Oral
- Transdermal
- Other
By Application:
- Menopause
- Contraception
- Dysfunctional Uterine Bleeding
- Hyperplastic Precursor Lesions
- Endometrial Cancer
- Other
By Drug Type:
- Branded
- Generic
By Type:
- Prescription
- OTC
By Distribution Channel:
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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