The Insight Partners Latest Research for Report “Preterm Birth Control Market to 2025″ Includes Global Analysis and Forecasts By Treatment Method (Devices and Pharmaceutical Treatment), and Geography
Preterm Birth Control market – Global Analysis and Forecasts By Treatment Method, the global preterm birth control market is expected to reach US$ 1,809.0 Mn in 2025 from US$ 1,190.5 Mn in 2017. The market is estimated to grow with a CAGR of 4.9% from 2018-2025.
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The report highlights the trends prevalent in the global preterm birth control market and the factors driving the market along with those that act as deterrents to its growth. The market is expected to grow due to the increasing pregnant females suffering with preterm birth, however, the stringent regulatory framework for clearance of medical devices and therapeutics by governing bodies is hindering the market.
Nanoscience and nanotechnology is one of the leading technologies in modern research. Application of nano-science and use of nanomaterials and nanosize components is known as nanotechnology. The technology is used to design new types of “smart” medicines and sensors. It is also used for drug delivery for conditions such as cancer, heart disease, and bacterial infection. According to the Society for Maternal-Fetal Medicine, researchers at the University of Texas Medical School at Houston (UTHealth) are engage in the research regarding the use of nanoparticles to engineer a special drug as most of the drugs used to control preterm birth lead to a number of complications. The researchers bioengineered a microscopic nanoparticle of indomethacin which was aimed at reaching the uterus of pregnant mice with without crossing the placenta. Liposomal indomethacin known as LIPINDORA, was coated with an oxytocin receptor antagonist in order to make it bind to uterine tissue. This study exhibited positive results and could be used for developing drugs using nanoparticles to prevent preterm birth. Therefore, extensive research in nanotechnology for its application in preterm birth control is one of key developments in pharmaceutical industry.
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Global preterm birth control market, based on the treatment method was segmented devices and pharmaceutical treatment. In 2017, the pharmaceutical treatment segment held the largest share of the market, by treatment method and it is also expected to grow at the fastest rate during the coming years. This is primarily attributed to its ease of use, lesser side effects, and its increasing use by the healthcare professionals for preterm birth control.
Key Companies are:
The major players operating in the preterm birth control market include CooperSurgical, Inc., MEDGYN PRODUCTS, INC., Integra LifeSciences, Panpac Medical Corp., Smiths Medical, Thomas Medical, Kangge Medical, Dr. Arabin GmbH & Co. KG, AMAG Pharmaceuticals, and BEN WAY ENTERPRISES SDN BHD among others. The market players are focused towards bringing new and innovative products and services to sustain their position in the market. For instance, in February 2018, FDA approved Makena a progestin injection by AMAG Pharmaceuticals for the prevention of preterm birth. Launch of new products and therapeutics by the manufacturers and distributors of preterm birth control system are also expected to accelerate the growth of the market.
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