Urinary Tract Infection Market Share, Potential Growth, Demand And Analysis Of Key Players- Research Forecasts To 2028
Market Scope
Market
Research Future (MRFR)’s newly released study reveals that the urinary tract
infection market will expand at a rate of 3.5% from 2020 to 2027. The market valuation
by the end of the analysis period will be around USD 11.3 billion, adds the
extensive report.
Primary Boosters and Barriers
Rising
investments in exhaustive research & development of novel drugs and
advanced devices could be a crucial growth inducer of the market growth in the
years ahead. Majority of the companies are
focused on carrying out extensive R&D activities for antibiotics. The key
firms in the market part of these research studies include Cipla, Pfizer, and GlaxoSmithKline,
investing substantially in antibacterial discovery trials.
The
Urinary
Tract Infection Market size is slated to experience significant upsurge
in the coming years, due to the surging burden of UTIs among women in the reproductive
age group. A few other risk aspects include the utilization of contraceptive
diaphragms, urinary tract abnormalities, and menopause, which are developing
rapidly among the female population worldwide. This will be a major reason
behind the robust business expansion in the ensuing years.
Striking
increase in cases of diabetes and obesity and the consequent development of bladder
dysfunction, paired with the surging use of cutting-edge technologies like nanotechnology
stimulates the market growth as well.
Top Firms
Allergan,
Eli Lily, Company, GlaxoSmithKline plc, Cipla Inc., Pfizer Inc., Novo Nordisk
A/S, Bayer AG, Novartis Ag, Teva Pharmaceuticals, Merck & Co. Inc. are
identified as the top urinary tract infection drug and products manufacturers
highlighted in the extensive study.
Segmental
Analysis
Drug
class, application, pathogen, and end-user are the segments depending on which
the urinary tract infections market has been considered in the review study.
Drug
class-based segments
outlined in the study are aminoglycosides, quinolones, azoles, along with cephalosporins,
and penicillin. Quinolones-wise, the major segments are pefloxacin, enoxacin,
fleroxacin, and norfloxacin.
Applications
of urinary tract infection drugs and devices are in urethritis, cystitis, pyelonephritis, and others.
Urethritis can expect the highest growth in the forthcoming period.
Pathogens
studied in the report are Proteus
mirabilis, klebsiella pneumonia, escherichia coli, and more.
Market
end-users are healthcare
centers, hospitals, self-administered kits, and clinics.
Regional
Status
North
America presides over the worldwide market for urinary tract infections, in
terms of revenue generation. The North American market should continue to
create waves over the following years, thanks to the soaring cases of diabetes
and various chronic disorders. The mushrooming UTI patient base, particularly
in the United States further fosters the industry share in the region. Studies
have revealed that over 40 million Americas have diabetes, with more than 11%
of the population in the US, resulting in higher vulnerability to infections such
as UTIs. Vast pool of public health laboratories providing extensive services for
UTI testing, paired with the availability of medical insurance are also a few
other important growth boosters.
Asia
Pacific will be covering considerable grounds at the fastest pace from 2020 to
2027, as the healthcare infrastructure continues to improve and cases of diabetes
and UTI cases mounting in India, Malaysia, Singapore, and China. The mounting
number of urinary tract infection testing, paired with the stunning expansion
of the biopharma and pharma industries could further boost the business value
in the region over the years to come. Experts believe that Asia Pacific will be
a prime spot for the market, given the tremendous growth of the medical tourism
industry across India and Japan. Other growth opportunities in the region will
be the rapidly aging populace, surge in consumer awareness, rise in kidney
diseases, supportive government policies, and the upgradation of the healthcare
infrastructure.
Latest
Updates
September 2021
BDR
Pharma introduces BIAPENEM, a drug that helps in the treatment of patients with
a variety of disorders, including urinary tract infections, intra-abdominal
infections, and lower respiratory infections. BDR Pharma is the first company
in India to design the drug, conducting clinical trials alongside a few
affluent firms that are part of the critical care space. BDR Pharma also
managed to receive approval from DCGI (Drug Controller General of India) for
this drug, also the first-ever instance in the country.
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