Artificially produced reproductive hormones are used for various medical reproductive conditions. There are few brands available in market which includes, Cenestin, Ogen, Femtrace, Menest (Pro), and Divigel. The reproductive hormones play major role in fertility and sexuality. In females, estrogen and progesterone are two important hormones that help them to manage their sex characteristics and play functional role in menstrual cycle, fertility, and pregnancy. Similarly, in males, testosterone is an important hormone that help men to develop sperm in the testes.

The artificial production of such hormones is done by two methods, which include source analogue and recombinant hormones. In source analogue, the source of hormone is accessible easily, for example, the LH like analogue is urinary hCG. The LH preparation is extracted from the urine of pregnant women. The variation in such hormone may differ in batch-to-batch as per variation in bioactivity. Similarly, recombinant hormones are produced from transfected Chinese hamster ovary cells and purified by using immunoaffinity chromatography technique.

Reproductive Hormone Market - Drivers

The reproductive hormone market size is expected to increase over the forecast period, owing to rising drug approvals of reproductive hormones. For instance, in 2018, TherapeuticsMD Inc. received the U.S. FDA approval for its BIJUVA (Estradiol and Progesterone) Capsules for treatment of vasomotor symptoms associated with menopause.

Furthermore, increasing number of infertility in women is expected to drive growth of this market. For instance, in 2010, according to WHO, there were 48.5 million infertile couples, globally. Additionally, according to a survey conducted by Centers for Disease Control and Prevention, in between 2006-2010, 1 in 8 couples had faced problems of sustaining pregnancy in the U.S. Therefore, such increasing burden of infertility across the globe, is expected to drive growth of the reproductive hormone market.

Reproductive Hormone Market - Restraints

Increasing drugs recalls is a major factor responsible for restraining growth of the reproductive hormone market. For instance, in 2017, Medisca Inc. voluntarily issued recalls for its range of hormone drugs including ESTRADIOL, USP Bulk (Hemihydrate), ESTRADIOL, ESTRONE, USP Bulk, and ESTRIOL, USP (Micronized) Bulk, due to lack of standard good manufacturing practices which was noted by U.S. FDA inspection.

Reproductive Hormone Market - Regional Analysis

On the basis of region, North America is expected to be dominant in the reproductive hormone market in forecasted periods, owing to increasing drug approval and launches of reproductive hormones in the U.S. For instance, AbbVie Inc. received U.S. FDA approval for ORILISSA (elagolix) drug for the treatment of moderate-to-severe pain associated with endometriosis. Similarly, in January 2019, Ferring Pharmaceuticals acquired the U.S. commercialization rights of Ganirelix Acetate Injection from Sun Pharmaceutical Industries Ltd. through addition of Ganirelix drug into its product portfolio. Through this strategy, Ferring Pharmaceuticals expanded its reproductive medicine portfolio offerings in the U.S. market.      

Asia Pacific is expected to be the highest growing region in the reproductive hormone market over the forecast period. For instance, as per The Economist Intelligence Unit Limited 2019 report, the fertility rate of Southeast Asia fell from 5.5 to 2.4 in between 1970 to 2015. By 2030, it is projected to fall down to 2.1, which is attributed to decreasing fertility rate noted in few countries such as Malaysia, Vietnam, and Thailand, which were 1.90, 2.04, and 1.58, respectively in 2017.

Reproductive Hormone Market - Competitive landscape

Key players operating in the reproductive hormone market include, AbbVie Inc., Allergan plc, Pfizer Inc., Novo Nordisk A/S, Endo Pharmaceuticals Inc., and few others.

Reproductive Hormone Market - Taxonomy

The reproductive hormone market is segmented on the basis of by hormone type, end user, and region.

By Hormone Type

  • Estrogen
  • Progesterone
  • Testosterone

By Application

  • Menopausal and Menstrual Disorders
  • Premenstrual Syndrome (PMS)
  • Hypogonadism
  • Others

By End User

  • Hospitals
  • Specialty Clinics
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users