Estriol Market REPORT OVERVIEW
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The global estriol market size was USD 3 million in 2021 and market is projected to touch USD 4.55 million by 2031, exhibiting a CAGR of 4.4% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with estriols experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is a byproduct of the demand returning to pre-pandemic levels once the pandemic is over.
Estriol is amongst one of the 3 estrogen hormones. It is the main estrogen during pregnancy. It is produced naturally by the placenta and fetus. Bio-identical-estriol a chemically derived form of the hormone that has similar molecular structure to natural. It belongs to a group of medicines called hormone replacement therapy. It is mostly available in the form of a cream. It replaces the oestrogen which is normally produced by the ovaries.
Estriol is used for vaginal atrophy after menopause, vaginal problems occurring due to less oestrogen, and before/after vaginal surgery to help wound healing. Vaginal atrophy occurs due to a drop in the levels of oestrogen that naturally happens after menopause. By playing the role of oestrogen, estriol provides relief from discomfort caused by infections. It normalizes vaginal epithelium and also makes sexual intercourse less painful
COVID-19 Impact: Estriols Benefits led to a Rise in its Consumption
COVID-19 had a life changing impact globally. The estriol market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for estriols experienced a significant uptick.
The global estriols market share saw a rise in its growth for multiple reasons. Scientists from the University of Oxford and University of Southampton published their experiment on hormone replacement therapy on Family Practice. They discovered that giving hormone replacement therapy within 6 months of a recorded diagnosis of COVID-19 can lead to a reduced mortality rate from the novel corona virus. An e-book uploaded on the Open Access Government stated that hormone replacement therapy reduced the COVID-19 mortality rate by 22%.
A technical brief uploaded on UNFPA stated that there was a surge in pregnancy rates during the pandemic. However due to the pandemic, the fertility of women had decreased due to which birth rate decreased by 4% in 2020 from 2019 indicated by CDC. According to CDC, the fertility rate was 1637.5 births per 1000 women in 2020. The COVID-19 effects on the fertility led to a rise in hormone replacement therapy. Thereby increasing the market share of estriols.
LATEST TRENDS
"Scientific Advancement to Build Market Share"
The global estriols market growth is anticipated to increase owing to recent scientific developments caused by experimentation. According to a journal published on The Journal of the North American Menopause Society tested estriols against multiple diseases. The results indicated that estriol has potential immunomodulatory benefits for many diseases. It would also provide a cost-effective approach to a variety of conditions.
Article published on verywell health stated that early research indicates that the effects of estriol on reducing relapse rates in pregnant women with multiple sclerosis has put estriol on the map. It has further stated that estriol has the potential to treat against many inflammatory autoimmune disease markers. Estriol also has been indicated to improved cognitive function, fatigue and brain atrophy.
Estriol Market SEGMENTATION
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- By Type
Based on type; the market is divided into: Purity: <99% and Purity: ≥99%. The <99% segment is expected to dominate the market during 2022-2028.
- By Application
Based on application; the market is divided into Pharmaceutical and Biological Research. The pharmaceutical segment will hold the major market share through 2028.
DRIVING FACTORS
"Drowsing Fertility Rates to Increase the Need for the Estriols"
The global estriols market growth is anticipated to spike owing to the increase in the number of low-fertility patients. According to the World Bank Data, the global fertility rate was 1.07 children per women in 2021. Infertility has become a common disease. The causes of female infertility could be multiple things. But the rising number of female infertilities has driven a rise in the use hormone replacement therapy. Thereby increasing the usage of estriols.
"Multiple Utilities to Boost Market Growth"
Research paper published on National Library of Medicine conducted experiments on the usage of estriols. Estriols has been effective at controlling symptoms of menopause, hot-flashes, insomnia, vaginal dryness and frequent urinary tract infections. Estriols effect on cardiac risk factors and bone-density-maintaining effects have been promising. These scientific developments led by experimentation would be prove beneficial for the global estriols market growth.
RESTRAINING FACTORS
"Side-effects of Estriol to Obstruct Market Growth"
There are several factors that could affect the global estriols market growth. The growth of the market is hampered due to its side effects. Article on verywell health stated that a heightened risk of endometrial hyperplasia has been raised as a concern of estriols. Consumption of estrogen has also a heightened risk of developing breast fibrocystic disease or breast cancer. Estriols have also indicated towards more irregular menstrual cycles in women who consumed it.
Estriol Market REGIONAL INSIGHTS
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"Asia Pacific Dominates the Market Owing to Massive Population"
North America holds the second-largest part of the global estriols market share. This is due to increasing numbers of women opting for hormone replacement therapy. As estriols assist in menopausal symptoms, women often opt for it for pain relief. Asia Pacific stands second in the estriols market.
KEY INDUSTRY PLAYERS
"Leading Players adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profiled
- Jiangxi Yuneng Pharmaceutical [China]
- Shanghai Lianlu Industry [China]
- Jiangsu Yuanda SYM Pharmaceutical [China]
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. The studies also offer a detailed analysis by identifying factors such as segmentation, advancements in the industry, growth, size, share and constraints. These analytics are subject to change if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 3 Million in 2021 |
Market Size Value By |
US$ 4.55 Million by 2031 |
Growth Rate |
CAGR of 4.4% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the estriols market expected to touch by 2031?
The global estriols market is expected to reach USD 4.55 million by 2031.
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What CAGR is the estriols market expected to exhibit by 2031?
The estriols market is expected to exhibit a CAGR of 4.4% by 2031.
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Which are the driving factors of the estriols market?
Drowsing fertility rates and its multi-utility are the driving factors for this estriols market.
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Which are the top companies operating in the estriols market?
Jiangxi Yuneng Pharmaceutical, Shanghai Lianlu Industry, Jiangsu Yuanda SYM Pharmaceutical are key companies operating in the estriols market.