Gynecological Drugs Market Expected To Reach About USD 11,429 Million By 2025 – Zion Market Research
As per the report, in 2018, the valuation of the global gynecological drugs market was around USD 6,583 million and is anticipated to reach about USD 11,429 million by 2025, expanding at about 8.2% CAGR between 2019 and 2025.
Gynecological diseases refer to the varied medical conditions pertinent to the female reproductive system. A key change in the lifestyles of females has resulted in the increase in the incidence of gynecological disorders impacting the working of ovaries, uterus, and their appendages. The most ordinary signs of gynecologic disorders include vaginal discharge, vaginal itching, breast pain, abnormal vaginal bleeding, lumps pain, and pelvic pain. The severity and implication of these signs mostly rely on age. Thus, gynecology drugs are used for the treatment of numerous gynecological symptoms and diseases.
During the past years, a sharp increase in developments in treating these diseases was witnessed in to manage their unmet healthcare requirements generating avenues for drug manufacturers further driving the growth of the gynecological drugs market. The other key factors contributing to the market growth include noteworthy variations in lifestyle that attribute to an increase in the number of breast and urinary cancers. Also, continuous rise in alertness regarding well-being and health has resulted in a rise in the demand for improved gynecological therapies. In addition, the economic growth and rising elderly female population are factors that are projected to boost the growth of the global gynecological drugs market during the forecast period. Furthermore, the growing implementation among females owing to elevated access to the online pharmacies together with increase in inclination toward online payments, consulting, and accessibility of broad array of products online is also projected to fuel the expansion of global gynecological drugs market in the years to come.
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The global gynecological drugs market is divided based on therapeutics, distribution channel, and indication. The market, on the basis of indication, is classified into gynecology cancers, contraception (birth control), gynecology infections, polycystic ovary syndrome, endometriosis, menopausal disorder, female infertility, and others. The market, on the basis of distribution channel, is diversified into retail pharmacies, online pharmacies, and hospital pharmacies. Among these, hospital pharmacies hold the biggest market share on account of elevated patient preference because of the incidence of hospital-related cases in past few years. In addition, elevated admission to pathological products, specialty care products, clinical examinations, and analysis of the gynecological conditions under one roof in hospitals are expected to drive segmental growth in the near future.
On the basis of therapeutics, the global gynecological drugs market is divided into non-hormonal therapy and hormonal therapy. During the forecast period, the global market is anticipated to be dominated by the non-hormonal therapy segment owing to the increase in the implementation of these products because of the verified effectiveness in the treatment, swift progresses in new product development with decreased side-effects together with the accessibility of a broad array of marketed products.
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Regionally, the global gynecological drugs market is projected to be governed by North America during the forecast period. This governance can be primarily attributed to the growing prevalence of polycystic ovary syndrome, menopausal disorders, breast cancer, and others on account of hectic lifestyles and the increase in stress among the females in the US region that accounts for the highest market share in the region. Further, the gynecological drugs market in Asia Pacific is anticipated to observe significant growth during the coming period owing to the presence of budding economies, such as China & India, advent of new gynecological drugs beside the existence of huge patient pool, and well-built healthcare facilities in this region. In addition, the growing awareness of gynecological drugs owing to the huge reliance of females on these drugs is also expected to boost the growth of the gynecological drugs market in this region.
The major players functioning in the gynecological drugs market include Pfizer, Inc., Eli Lilly and Company, Amgen Inc., Merck & Co., Inc., F. Hoffmann-La Roche Ltd., AstraZeneca, Sanofi, Allergan Plc, Lupin Pharmaceuticals, Inc., GlaxoSmithKline plc, Johnson & Johnson, and Bayer AG, among others.
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- CDN Newswire