Gynecology Drugs Market Scope
Gynecological diseases are those types of medical conditions which is precise to the female reproductive system. It includes conditions, which affect the ovaries, uterus, and their appendages. It affects both internal and external organs in the female pelvis as well as abdominal areas. Major symptoms of the gynecologic disease are bleeding between periods, itching, burning, swelling, redness, or soreness in the vaginal area, increased vaginal discharge, and discomfort during intercourse and others. Consistent rise in awareness about health with rising demand for better gynecological treatments are some of the major drivers which are propelling the growth of the market.
According to AMA, the Global Gynecology Drugs market is expected to see growth rate of 6.2%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Gynecology Drugs market throughout the predicted period.
Eli Lilly and Company (United States), Pfizer Inc (United States), Merck & Co., Inc. (United States), Amgen Inc. (United States), AstraZeneca plc (United Kingdom), F. Hoffmann-La Roche AG (Switzerland), Allergan Plc. (Ireland), Bayer AG (Germany), Abbott Laboratories (United States) and AbbVie Inc. (United States) 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
The study have segmented the market of Global Gynecology Drugs market and Region with country level break-up.
On the basis of geography, the market of Gynecology 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
On February 2017, the AstraZeneca PLC (United Kingdom) Company has entered the agreement with TerSera Therapeutics LLC (United States) Company for the commercial rights to Zoladex. Zoladex is used to treat prostate cancer, breast cancer, and certain benign gynecological disorders. Hence, this acquisition has helped the company to expand its product portfolio of the company.
On Jan 2017, according to Siemens Healthineers (Germany), health care expenditure in emerging economies increased by 11% from 1995 to 2012, which is anticipated to reach 33% by 2022. This will, in turn, propel the growth of the gynecology drugs market. and On July 2018, the AbbVie Inc. (United States) Company had received FDA Approval of ORILISSA for the Management of Moderate to Severe Pain Associated with Endometriosis. However, endometriosis is one of the most common gynecologic disorders in the United States. This approval will help in strengthening the position of the company in the United States.
Market Trend
- Technology Advancement of the Gynecological Drugs
- Convenience of Using Online Pharmacy as well as Rise in Number of Internet Users
Market Drivers
- Rise in Prevalence of Gynecological Diseases
- Change in Lifestyle of the Global Female Population
Opportunities
- Mounting Demand from Emerging Economics Such as India, China and others
Restraints
- Stringent Regulatory Framework as well as High-Quality Standards Set by Market Leaders
Challenges
- Problem Related to High Prices of Gynecology Products
Key Target Audience
Manufacturers of Gynecology Drugs, Suppliers of Gynecology Drugs, Wholesalers, Distributors and Retailers of Gynecology Drugs, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others