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NAICS Code 621111-22 Description (8-Digit)

Hormone therapy is a medical treatment that involves the use of hormones to alleviate symptoms caused by hormonal imbalances or deficiencies. This therapy is typically used to treat menopause symptoms, such as hot flashes, vaginal dryness, and mood swings, as well as symptoms of low testosterone in men. Hormone therapy can be administered in various forms, including pills, patches, creams, gels, and injections. The treatment is typically prescribed and monitored by a licensed physician.

Hierarchy Navigation for NAICS Code 621111-22

Tools

Tools commonly used in the Hormone Therapy industry for day-to-day tasks and operations.

  • Hormone testing kits
  • Syringes and needles
  • Hormone replacement therapy medications
  • Transdermal patches
  • Vaginal creams and suppositories
  • Blood pressure monitors
  • Thermometers
  • Medical scales
  • Electronic medical records software
  • Ultrasound machines

Industry Examples of Hormone Therapy

Common products and services typical of NAICS Code 621111-22, illustrating the main business activities and contributions to the market.

  • Menopause symptom relief
  • Testosterone replacement therapy
  • Hormone replacement therapy for transgender individuals
  • Treatment for hypothyroidism
  • Fertility treatments involving hormone therapy
  • Hormone therapy for adrenal gland disorders
  • Treatment for osteoporosis with hormone therapy
  • Hormone therapy for breast cancer patients
  • Hormone therapy for prostate cancer patients
  • Hormone therapy for pituitary gland disorders

Certifications, Compliance and Licenses for NAICS Code 621111-22 - Hormone Therapy

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Board Certification In Endocrinology, Diabetes and Metabolism: This certification is provided by the American Board of Internal Medicine and is required for physicians who specialize in endocrinology, diabetes and metabolism. It ensures that the physician has the necessary knowledge, skills and experience to provide quality care in this field.
  • Hormone Replacement Therapy Certification: This certification is provided by the Hormone Therapy Academy and is designed for healthcare professionals who want to specialize in hormone replacement therapy. It covers topics such as hormone testing, hormone replacement therapy protocols, and patient management.
  • Certified Menopause Practitioner: This certification is provided by the North American Menopause Society and is designed for healthcare professionals who specialize in menopause management. It ensures that the practitioner has the necessary knowledge and skills to provide quality care to menopausal women.
  • Certified Clinical Densitometrist: This certification is provided by the International Society for Clinical Densitometry and is designed for healthcare professionals who perform bone density testing. It ensures that the practitioner has the necessary knowledge and skills to perform accurate bone density testing and interpret the results.
  • Certified Diabetes Educator: This certification is provided by the National Certification Board for Diabetes Educators and is designed for healthcare professionals who specialize in diabetes management. It ensures that the practitioner has the necessary knowledge and skills to provide quality care to patients with diabetes.

History

A concise historical narrative of NAICS Code 621111-22 covering global milestones and recent developments within the United States.

  • Hormone therapy has been used for centuries to treat various medical conditions. The first recorded use of hormone therapy dates back to ancient Greece, where women used plant-based estrogen to treat menopausal symptoms. In the 20th century, hormone therapy became more widely used to treat a range of conditions, including breast cancer, prostate cancer, and osteoporosis. In the United States, hormone therapy gained popularity in the 1960s and 1970s as a treatment for menopausal symptoms. However, in the early 2000s, the Women's Health Initiative study found that hormone therapy increased the risk of breast cancer, heart disease, and stroke, leading to a decline in its use. Today, hormone therapy is still used to treat a range of conditions, but its use is more limited and closely monitored.

Future Outlook for Hormone Therapy

The anticipated future trajectory of the NAICS 621111-22 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The hormone therapy industry in the USA is expected to grow in the coming years due to the increasing prevalence of hormonal disorders and the growing awareness of hormone replacement therapy. The industry is also expected to benefit from the aging population, as older individuals are more likely to experience hormonal imbalances. Additionally, advancements in technology and research are expected to lead to the development of new and more effective hormone therapies. However, the industry may face challenges such as regulatory changes and competition from alternative therapies. Overall, the hormone therapy industry is expected to experience steady growth in the USA in the coming years.

Industry Innovations for NAICS Code 621111-22

Recent groundbreaking advancements and milestones in the Hormone Therapy industry, reflecting notable innovations that have reshaped its landscape.

  • Hormone Pellet Therapy: This innovative therapy involves the insertion of small pellets under the skin that release hormones over time, providing a more consistent and long-lasting treatment option.
  • Customized Hormone Therapy: With advancements in technology, hormone therapy can now be customized to meet the specific needs of each patient, leading to more effective treatment outcomes.
  • Bioidentical Hormone Therapy: This type of hormone therapy uses hormones that are identical in molecular structure to those produced by the body, leading to fewer side effects and a more natural treatment option.
  • Telemedicine: Many hormone therapy providers now offer telemedicine services, allowing patients to receive treatment remotely and improving access to care.
  • Combination Therapy: Some hormone therapy providers are now offering combination therapy, which involves the use of multiple hormones to treat a variety of symptoms and conditions.

NAICS Code 621111-22 - Hormone Therapy

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