Market Trends of Gynecology Drugs Industry
Non-hormonal Therapy Segment is Expected to Witness High Growth Over the Forecast Period
- The non-hormonal therapy segment is expected to have a high growth rate over the forecast period. The lucrative growth of the segment can be attributed to the rise in the adoption of these products due to proven efficiency in the treatment, rapid advancements in new product development with reduced side effects, and the availability of a wide range of marketed products. Furthermore, the disadvantages of hormonal therapy, such as the risk of breast cancer and other complications associated with these products, are expected to foster the demand for non-hormonal products during the forecast period.
- Various studies are being conducted to measure the effectiveness and advantages of non-hormonal therapy. For instance, according to the study published by PubMed in March 2022, NLRP3/IL-1β is involved in the pathogenesis of endometriosis, and the NLRP3 inhibitor may be useful for suppressing ovarian endometriosis and improving the function of ovaries with endometriosis.
- In addition, increasing clinical trials for launching new non-hormonal therapy drugs for various symptoms are also surging the segment growth. For instance, in October 2021, Bayer commenced the Phase III clinical development program OASIS, which aims to evaluate the efficacy and safety of elinzanetant for the treatment of vasomotor symptoms during menopause.
- Therefore, increasing studies on non-hormonal therapy and clinical trials are expected to increase awareness of the application of non-hormonal therapy in treating gynecological cancers. Hence, significant segment growth is anticipated over the forecast period.
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North America is Expected to Hold a Significant Share in the Gynecology Drugs Market
- North America is expected to hold a significant share of the gynecology drugs market over the forecast period. This dominance is mainly owing to rising incidences of breast cancer, menopausal disorders, polycystic ovary syndrome, and others due to busy lifestyles and the rise in stress among the women in the region.
- For instance, as per the report published by the Canadian Cancer Society in May 2022, it is estimated that around 1,450 Canadian women will be diagnosed with cervical cancer in 2022. Moreover, the availability of advanced healthcare infrastructure, an increase in government expenditure for women's healthcare awareness, and the senior women population, along with early product launches with enhanced quality in the region, are expected to contribute to the market growth over the forecast period.
- Key product launches, high concentration of market players or manufacturers' presence, acquisition and & partnerships among major players, and the high prevalence of gynecological cancers in the United States are some of the factors driving the growth of the gynecology drugs market in the region.
- For instance, as per the report published by the American Cancer Society in January 2022, breast cancer is the most common cancer in women in the United States, which is about 30.0% or 1 out of 3 of all new female cancers each year. Such high prevalence is anticipated to surge the demand for gynecology drugs, thereby propelling the market growth in the United States over the forecast period.
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