Genitourinary Drugs Market Scope
Genitourinary drugs are mainly used for the treat of numerous type of urogenital cancers and infections. This cancers are related to kidney, urethra, ureters and urinary bladder. This drugs are used to kill proliferating cancer cells. Spread of cancer is mainly occur by the rapid outburst of abnormal cells apart from their boundaries. Urinary tract infections are mainly caused by poor hygienic care and certain microorganisms. Changing lifestyle, rising number of geriatric population leads to rise in prevalence of urogenital cancer across the globe. Colorectal cancer contributed to the largest new incidence cases across the globe. Thus, with rising incidence cases, the demand for genitourinary drugs has been raised. Governments & research organisations across the globe are focusing to spread awareness regarding cancer treatments majorly in African countries. Thus, pharmaceutical companies are focusing on providing new products lines for the treatment of advanced cancers and wide range of urinary infections which is anticipated to drive the market growth over forecast period.
The Genitourinary Drugs market study is segmented by Type (Urologicals, Hormonal Therapy, Gynecological and Anti-infectives) and major geographies with country level break-up.
Novartis AG (Switzerland), Bristol-Myers Squibb (United States), Johnson & Johnson (United States), Pfizer Inc. (United States), Merck & Co., Inc. (United States), Hoffmann-La Roche Ltd. (United States), Astra Zeneca (United Kingdom), AbbVie Inc. (United States), Celgene (United States), Eli Lilly & Co (United States), Cadila Healthcare Limited (India), Dr. Reddy’s Laboratories Ltd. (India), Amgen (United States) and AQVIDA GmbH (Germany) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Genitourinary Drugs market by Type, Application and Region.
On the basis of geography, the market of Genitourinary Drugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
The market of genitourinary drugs is expected to grow with rising prevalence of urinary tract infections and cancers. Several companies are operating in the market to provide genitourinary drugs for the treatment of wide range of infections. The market is highly fragmented with the presence of number of market players. They are gaining attention owing to raised demand. They are taking certain strategic initiatives with new entrants to expand their existing portfolio.
In November 2019, Shionogi & Co., Ltd. has recived FDA approval for cefiderocol to treat complicated urinary tract infections (cUTI), pyelonephritis. This infection is caused by susceptible gram-negative microorganisms. With this approval, company is able to provide treatment for wide range of urinary tract infections caused by gram negative microorganism.
BLA- A biologics license application (BLA) is defined by the U.S. Food and Drug Administration (FDA). It is regulated under 21 CFR 600 – 680. The biologics license application is a permission to introduce, a biologic product into interstate commerce (21 CFR 601.2).
Market Trend
- Pharmaceutical Companies Conducting Massive R&D Activities for Development of the New Product Lines to Treat Advanced Urogenital Cancers
Market Drivers
- Growing Expenditure of Pharmaceutical Industry
- Increasing Urogenital Cancer Incidence across the Globe
- Rising Government Initiatives to Increase Awareness Regarding Advanced Treatments
Opportunities
- Government Funding’s For Oncological Research Centers to Develop Novel Drugs
- Rising Approvals for Drugs to Advanced Colorectal Cancer Has Created Growth Opportunities for Market
Restraints
- Huge Treatment Cost of Advanced Urogenital Cancer May Restrain Its Demand
- Side Effects Associated With Drugs Expected To Hamper Its Demand
- Straighten Regulatory Norms
Challenges
- Huge Requirement of Investments for Drug Developments
Key Target Audience
The market of genitourinary drugs is expected to grow with rising prevalence of urinary tract infections and cancers. Several companies are operating in the market to provide genitourinary drugs for the treatment of wide range of infections. The market is highly fragmented with the presence of number of market players. They are gaining attention owing to raised demand. They are taking certain strategic initiatives with new entrants to expand their existing portfolio