According to a new report published by Allied Market Research, titled, “Overactive Bladder Treatment Market: Global Opportunity Analysis and Industry Forecast, 2022-2029” Overactive bladder, also called OAB, causes a frequent and sudden urge to urinate that may be difficult to control. Overactive bladder occurs as muscles of the bladder start to contract involuntarily even when the volume of urine in bladder is low. These involuntary contractions create an urgent need to urinate. One may feel the need to pass urine many times during day and night, and may also experience unintentional loss of urine (urgency incontinence).ย
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The major factor affecting the industry includes increase in prevalence of urinary incontinence among women and geriatric population. Furthermore, increase in number of product launches and approvals for generics is expected to propel the market growth. Various key companies are focused on availing strategic alliances such that they get to expand in several regions, which are more susceptible to boost the industry.
Growth in number of product launches is expected to help the industry flourish during the forecast period. For instance, the FDA approved cefiderocol (FETROJA) in patients of 18 years of age or older who have limited or no alternative treatment options, for complicated urinary tract infections (cUTI), including pyelonephritis, caused by susceptible Gram-negative microorganisms such as Escherichia coli, Klebsiella pneumoniae, Proteus mirabilis, Pseudomonas aeruginosa, and Enterobacter cloacae complex.
COVID-19 Scenario Analysis:
Pharmaceutical and biotechnological companies together with governments around the globe are working to combat the COVID-19 outbreak. This is carried out by supporting development of vaccines to schedule for medicines supply chain challenges. Furthermore, there are around 115 vaccine candidates and other 155 molecules that are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have seen huge boost in demand for management of COVID-19. There is an increase in demand for the drug, which has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are short of the drug. Hence, owing to the demand for vaccine and treatment drugs for COVID-19, the pharmaceutical and biotechnology industry is anticipated to witness a substantial growth in the next few years.
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๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ:
- This study presents the analytical depiction of the global overactive bladder treatment industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global overactive bladder treatment market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global overactive bladder treatment market growth scenario.
- Porterโs five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global overactive bladder treatment market analysis based on competitive intensity and how the competition will take shape in coming years.
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Major players analyzed include Astellas Pharma, Inc., Pfizer, Inc., Teva Pharmaceutical Industries Limited, Allergan, Plc, Medtronic plc, Mylan N.V., Endo International plc, Hisamitsu Pharmaceutical Co., Inc., Sanofi, Aurobindo Pharma Limited, Apotex, Inc., and Cogentix Medical, Inc.
๐๐ญ๐ก๐๐ซ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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