Progesterone Market Potential is Huge

Progesterone, a steroid hormone synthesized by the placenta, ovaries and adrenal glands, is essential for reproductive function and regulation of the menstrual cycle, such as the initiation and maintenance of ovulation and pregnancy, and has a significant protective effect on the endometrium in women. Under the background of my country's liberalization of the three-child policy and the rising demand for assisted reproductive drugs, it is expected that the downstream market demand for progesterone in China will also have a large room for growth in the future.

In the public hospital market, the sales of progesterone preparations in my country increased from 1.141 billion yuan to 1.279 billion yuan from 2017 to 2021, with a compound growth rate of 2.89% during the period. The decline in the market size of progesterone preparations in public hospitals in 2020 is mainly due to the impact of the epidemic and the decline in the birth rate of newborns.

In the retail market, the sales of progesterone preparations showed a stable trend. From 2017 to 2021, the sales of progesterone preparations in my country increased from 170 million yuan to 176 million yuan in retail channels.

In recent years, the export volume of progesterone has increased substantially, and the export price has remained basically stable.