Gynecology Drugs Market To Grow With Impressive CAGR During the Forecast Period
Growing awareness about women health is driving the growth of Global Gynecology Drugs Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Gynecology Drugs Market By Therapeutics (Hormonal Therapy vs. Non-Hormonal Therapy), By Indication (Gynecology Cancers, Endometriosis, Female Infertility, Menopausal Disorder, Gynecology Infections, Polycystic Ovary Syndrome and Contraception), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Region, Competition Forecast & Opportunities, 2026”, the global gynecology drugs market is projected to grow at an impressive CAGR in the forecast period, 2022-2026, owing to rising incidences of gynecological diseases, change in lifestyle of the global female population, and rise in the demand for better gynecological treatments. Moreover, the increasing instances of chronic diseases like cancer are driving the growth of the global gynecology market in the next five years. However, the stringent regulations and high-quality standards set by market leaders are projected to restrain the penetration of new entrants, which eventually hinders the market growth.
Gynecology drugs are the therapeutic drugs that are conditioned for the treatments of gynecologic diseases. Gynecological diseases are a medical condition affecting the female reproductive system. These diseases affect uterus, ovaries, and the appendages. Gynecological diseases include cervical dysplasia, menstrual disorders, pelvic floor prolapse, pelvic pain, polycystic ovarian syndrome, uterine fibroids, urinary incontinence. Gynecology disorders may cause severe issues in case of pregnant women.
According to the World Health Organization, in 2018, cervical cancer is the fourth most common type of cancer that occurs in women. In 2018, according to WHO, 570, 000 women in the world were diagnosed with cervical cancer worldwide, and about 311, 000 women died from the same in that year.
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The global gynecology drugs market is segmented by therapeutics, indication, distribution channel, regional distribution, and competitive landscape. Based on indication, the market is further fragmented into gynecology cancers, endometriosis, female infertility, menopausal disorder, gynecology infections, polycystic ovary syndrome and contraception. Gynecology cancers are the type of cancers that are formed in the reproductive organs. Cases of cervical cancers, ovarian cancer, uterine cancer, vaginal cancer, vulvar cancer are all types of gynecology cancers that are prevailing in the last five years.
Endometriosis is a disorder in which uterus tissues grow outside the uterus lining. These tissues outgrow over ovaries, fallopian tubes or the intestines. Female infertility is about the condition, where women lose the ability to procreate. In this procedure, the ovulation and menstrual cycles are irregular which means that the woman is not producing the ovarian eggs for the fertilization. Reproductive organ failure may lead to female infertility too. Menopausal disorder is the medical condition in which the female patient is affected by gynecological disorder after they experience their menopause.
Major companies in the market are Eli Lilly and Company Ltd., Pfizer Inc., Merck & Co., Inc., Amgen Inc., AstraZeneca Plc, F. Hoffmann-La Roche Ltd., Allergan Plc., Bayer AG, Abbott Laboratories Ltd., AbbVie Inc., GlaxoSmithKline Plc, Novartis Ltd., Lupin Pharmaceuticals, Inc., Johnson and Johnson Inc., Sanofi SA, among others. The market players are actively involved in the technological advancements of the therapeutics as well as research and development of the medical devices involved with the administrations of the gynecology drugs. Other strategies include partnerships among the market players.
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“North America is a promising region for the future market owing to the excellent healthcare industry developments. Moreover, FDA approval towards various therapeutics is driving the growth of the market consistently. Also, United States is the major economy that suffers with the rising incidences of breast cancer, menopausal disorders, polycystic ovary syndrome and other chronical diseases related to women. Furthermore, working class women are a large population of the country, and the work environment is often stressful which causes severe health issues in the gynae health. Also, issues like polycystic ovarian disorder are also rapidly increasing in the Asia Pacific region, thus the market is anticipated to grow at a significant share in the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Gynecology Drugs Market By Therapeutics (Hormonal Therapy vs. Non-Hormonal Therapy), By Indication (Gynecology Cancers, Endometriosis, Female Infertility, Menopausal Disorder, Gynecology Infections, Polycystic Ovary Syndrome and Contraception), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global gynecology drugs and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global gynecology drugs market.
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