Genitourinary Drugs Market Size, Trends and Growth Analysis by Disease (Urinary Tract Infections, Erectile Dysfunction, Hematuria), Product (Urological, Hormonal Therapy), End-User(Hospitals, Super specialty clinics), Forecast to 2023
Genitourinary Drugs Market Overview:
The global Genitourinary Drugs Market size is slated to register a modest growth by 1.65% CAGR during the forecast period of 2018 to 2023. Market Research Future (MRFR) predicted this figure on the basis of its analysis of various factors.
The disease has a direct connection with the urinal or genital part of the human body. Its treatment sphere also covers other organs like ureter, bladder, kidney, and urethra. A rise in the number of the elderly population, inclusion of sophisticated technologies, interests shown by various pharmaceutical companies, hike in expenditure for the research and development projects, and others are expected to take the global genitourinary drugs market forward. Also, the pressure on the pipeline regarding drugs is expected to influence the market in positive ways.
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Genitourinary Drugs Market Segmentation:
The global genitourinary drugs market report as discussed and analyzed by MRFR experts, has been segmented by product, disease, and end-user. These segments and their extensive data based on substantial figures, facts, graphs, charts, and others can help in triggering the genitourinary drugs market growth.
By disease, the study on the genitourinary drugs market comprises erectile dysfunction, urinary tract infections, kidney/renal cancer, genitourinary cancer, urinary incontinence & overactive bladder, cervical cancer, bladder cancer, interstitial cystitis, hematuria, sexually transmitted diseases, prostate cancer, ovarian cancer, and others.
By product, the genitourinary drugs market market has been studied on the basis of hormonal therapy, gynecologicals, urologicals, and anti-infectives.
By end-user, the global genitourinary drugs market includes clinics, super-specialty centers, hospitals, and others.
Genitourinary Drugs Market Regional Analysis:
The Americas is pegged to dominate the global genitourinary drugs market in the coming years as major companies are from the region. However, the COVID-19 crisis can change the market scenario. The US and Canada would spend extensively to boost their research procedure. In Asia Pacific, the market will get tailwinds from a massive population. This is also inspiring companies to form their own strategic courses. In Europe, the market will benefit from government initiatives.
Genitourinary Drugs Market Competitive Analysis:
AstraZeneca, Abbott, Astellas Pharma Inc., Eli Lilly and Company, Pfizer Inc., GlaxoSmithKline plc., Genentech, Inc., Immunex Corp., Merck & Co., Inc., Novartis AG, Ionis Pharmaceuticals, Antares Pharma, Bristol-Myers Squibb Company, Bayer AG, and others are some of the major companies investing in the global genitourinary drugs market. These companies have their strategic moves charted to maximize their profit. This includes mainly methods like merger, acquisition, innovation, research funding increase, tie-ups, branding, launching methods, and others. These companies have products in the pipeline as well, which are waiting for approval from the regulatory boards. MRFR has recorded their latest moves to take a peek into the market and learn about trends that are triggering the genitourinary drugs market growth.
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Genitourinary Drugs Market News:
NanOlogy, LLC, a company known for its contribution to clinical-stage oncology, announced the starting of a clinical trial of IT NanoPac® (submicron particle paclitaxel). This would be for suspension via endobronchial ultrasound-guided transbronchial needle injection (EBUS-TBNI) in NSCLC and SCLC. The process is a result of FDA’s allowance of an investigational new drug (IND) application that has its target set on IT NanoPac in neoplasms of the lung.
Debiopharm, a Swiss biopharmaceutical company, and Verity Pharmaceuticals Inc., a US specialty pharmaceutical company, announced a new signing of agreement where the latter gets the rights to commercialize Trelstar® (triptorelin pamoate for injectable suspension) for the market in the United States of America. This is hormone therapy for prostate cancer patients and can help with genitourinary therapy.
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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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