Vaginitis Therapeutics Market Opportunity, Trends and Growth Analysis Forecast 2019 2027
An overview of conceptual frameworks, analytical approaches of the Vaginitis Therapeutics market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The Vaginitis Therapeutics market is expected to grow at a significant rate in the near future.
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
Vaginitis Therapeutics Market Dynamics
Vaginitis is termed as a condition that is capable of causing inflammation of the vagina with abnormal vaginal irritation, discharge, burning or even itching. The main reason behind this condition is bacterial vaginosis, trichomoniasis, and vulvovaginal candidiasis. Vaginitis can be treated using physical examination findings, a combination of symptoms, or even laboratory tests.
Introduction of new drugs by key players in the market, increasing awareness about women’s health, and rising demand for improved healthcare infrastructure are some of the major factors driving the global vaginitis therapeutics market. According to data published by Centers for Disease Control and Prevention (CDC), in 2015, in every 100 women, more than 13 were cigarette smokers. The National Institute of Allergy and Infectious Diseases (NIAID) funded researchers to build up the test for yeast infection so as to provide appropriate anti-fungal treatment. Moreover, NICHD scientists in the Division of Intramural Population Health Research (DIPHR) are using earlier and newly collected data to discover various aspects of the association between bacterial vaginosis and pregnancy outcome.
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In addition, increasing research and development activities for accurate diagnosis globally is projected to propel the target market growth. Various non-government and government organizations, such as the European Institute of Women’s Health (EIWH) and Women Health Organization have undertaken initiatives to increase awareness regarding women’s health. However, the threat from the substitutes may be responsible for restraining growth of the global vaginitis therapeutics market. Additionally, the accessibility of natural remedies or the substitutes for these chemical components along with the expensive nature and technical risks associated with the drug development procedure are likely to hamper the growth of the global market globally. Nevertheless, the introduction of new drugs by key companies is anticipated to create numerous growth opportunities for the target market. For instance, in September 2017, FDA approval was received by Symbiomix Therapeutics for Solosec (secnidazole) for the treatment of bacterial vaginosis.
The global vaginitis therapeutics market in 2018 is accounted for more than US$ XX Bn and expected to reach a value of US$ XX Bn by 2027 with a significant CAGR of around 50.0 % over the forecast period of 2019-2027.
The global vaginitis therapeutics market is segmented based on product, type, end-user, and region. On the basis of product, the global vaginitis therapeutics market is segmented into anti-fungal, anti-bacterial, and hormone. In 2018, the Anti-bacterial product segment accounted for the largest market share owing to rising cases of bacterial vaginosis. While the hormonal product segment is estimated to witness the fastest growth over the forecast period. Various hormonal treatments are available only through prescription. The presence of strong pipeline drugs is projected to boost the segment’s fastest growth to a certain extent. On the basis of type, the target market is classified into over the counter and prescription (Rx). Prescribed type segment estimated for the largest market share due to higher safety and efficacy for severe and recurring vaginitis. Based on end-user, the global market is segmented into hospitals, clinics, ambulatory surgical centers, specialized gynecology centers, and others.
On the basis of Product
On the basis of Type
On the basis of End-user
Vaginitis Therapeutics Market Regional Segmentation
Based on region, the global vaginitis therapeutics market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. In 2017, North America led the global market in terms of revenue share. High prevalence of diseases in this region, established healthcare infrastructure along with and presence of key manufacturers is a major factor accounted for its largest share. In addition, growing target population and favorable government initiatives are also propelling the global market growth. Asia Pacific is estimated to witness the fastest growth with significant CAGR during the forecast period. This is attributed to rising disposable income, high unmet clinical needs, increased awareness about early diagnosis, and availability of effective drugs in emerging countries, such as China and India.
Vaginitis Therapeutics Market Competitive Landscape
The global market for vaginitis therapeutics is dominated by leading players and some of them are Symbiomix Therapeutics LLC, Novartis AG, Merck & Co., Inc., Pfizer Inc., Teva Pharmaceutical Industries Ltd., Bayer AG, Janssen Pharmaceuticals Inc., Lumavita AG, Lupin Pharmaceuticals Inc., and Mission Pharmacal Company.
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ABOUT THE AUTHOR
Ashwani Pal Kailiya has done a post-graduation in Business Studies. He is now working as a full-time market analyst at Meridian Market Consultants, a US-based, leading market research and consultancy firm. He gathers the market data and facts to forecast a market. Recently, he complete his assignment for Global Vaginitis Therapeutics Market, in which he gives facts and statistics for the concerned market at a global level.