Genitourinary Drugs Market Growth Analysis and Future Impact by Upcoming Challenges and Opportunities to 2023

New Study On “Genitourinary Drugs Market” Added To Market Research Future which is expected to register CAGR ~1.65% to reach USD 28,200 million. Genitourinary Drugs Market: Information by Disease (Urinary Tract Infections, Erectile Dysfunction, Hematuria), Product (Urological, Hormonal Therapy), End-User — Global Forecast till 2023

Genitourinary Drugs are used for the treatment of medical complications related to the kidney, bladder, ureter and urethra. Genitourinary disorders are caused by damage to the urinary tract or genital organs. The increasing cases of genitourinary disorders, surge in number of people suffering from cancer, increasing prevalence of sexually transmitted diseases, and rise in number of drugs in pipeline are the major factors driving the growth of the global genitourinary drugs market.

According to the Centers for Disease Control and Prevention (CDC), more than 2.3 million Americans were diagnosed with sexually transmitted diseases in year 2017, Most common sexually transmitted diseases in American region are chlamydia, gonorrhea, and syphilis. Moreover, increase in strategic collaborations and aggressive strategy adopted by major players in the market is also responsible for the growth of the market.

The increasing appearance of drug counterfeiting in pharmaceutical industry, intense competition from generic manufacturers and drug patent expirations are likely to hinder market growth during the forecast period.

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Genitourinary Drugs Market - Key Players

Some of the key players in the Global Genitourinary Drugs Market are Bayer AG, AstraZeneca, Abbott, Astellas Pharma Inc., Pfizer Inc., Eli Lilly and Company, Genentech, Inc., Immunex Corp. GlaxoSmithKline plc., Ionis Pharmaceuticals, Inc., Merck & Co., Bristol-Myers Squibb Company, Antares Pharma, and Novartis AG.

Genitourinary Drugs Market - Regional Analysis

The market in the Americas is expected to dominate the Global Genitourinary Drugs Market during the forecast period owing to the rising prevalence of genitourinary disorders, increasing number of cancer patients in the region, the rise in healthcare expenditure, and the presence of a well-established healthcare system. The European market is expected to be the second-largest due to government initiatives for the development of the healthcare sector, increasing research and development activities in the region, and the rise in a number of chronic disorders. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing market during the forecast period owing to the increasing geriatric population, rising investments in the healthcare sector, and favorable government policies. The market in the Middle East and Africa is likely to account for the smallest share of the global genitourinary drugs market. The market growth in this region can be attributed to increasing healthcare expenditure and growing medical tourism.

Genitourinary Drugs Market - Segmentation

The Global Genitourinary Drugs Market has been segmented on the basis of disease, product, and end user.

The market, by disease, has been classified as urinary tract infections, erectile dysfunction, urinary incontinence and overactive bladder, kidney/renal cancer, genitourinary cancer, bladder cancer, bladder cancer, cervical cancer, sexually transmitted diseases, interstitial cystitis, hematuria, ovarian cancer, and prostate cancer.

On the basis of product, the market has been segregated into urological, hormonal therapy, gynecological, and anti-infectives.

The end user segment has been divided into, hospitals, clinics, super specialty centers, and others.

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