Global uterine fibroids marketis expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market is growing at a healthy CAGR in the above-mentioned research forecast period. Emerging markets and huge investments in research and development are the factors responsible for the growth of this market.
Uterine Fibroids market report serves to be an ideal solution for better understanding of the market. It is helpful in finding out the size of the market for specific products. The report gives helpful insights which assist while launching a new product. The Uterine Fibroids report helps business in knowing its market share over various time periods, transportation, storage, and supply requirements of its products. The market study aids in making sales forecasts for its products and thereby, establishing harmonious adjustment between demand and supply of its products. The Uterine Fibroids market report helps the firm in exploring new uses and new markets for its existing products and thereby, increasing the demand for its products.
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Few of the major competitors currently working in the global uterine fibroids market are Boston Scientific Corporation; CooperSurgical Inc.; General Electric Company; KARL STORZ SE & Co. KG; Richard Wolf GmbH; Siemens Healthcare GmbH; AbbVie Inc.; Bayer AG; Acessa Health; Kissei Pharmaceutical Co., Ltd.; Takeda Pharmaceutical Company Limited; Pfizer Inc.; COOK; Hologic, Inc.; Neurocrine Biosciences, Inc. and Myovant Sciences Ltd. among others.
Key Developments in the Market:
- In August 2019, AbbVie Inc. announced that they had submitted a “New Drug Application” with the U.S. FDA for their investigational, oral gonadotropin-releasing hormone (GnRH) antagonist “elagolix” being developed in collaboration with Neurocrine Biosciences, Inc. to manage the heavy menstrual bleeding related to uterine fibroids in women. The NDA has been submitted with the help of positive data accumulated from the Phase III trial results helping conclusively evaluate the safety and efficacy of the therapeutic
- In October 2018, U.S. FDA announced that they had granted 510(k) clearance for Accessa Health’s “ProVu System”, a device designed for the treatment of women suffering from symptomatic uterine fibroids who are unwilling to undergo hysterectomy. The device is based on a combination of radiofrequency ablation, ultrasound visualization and guidance mapping for isolation and ablation of fibroid
- Increasing levels of female population base globally which is expected to fuel the growth of the market
- Increasing awareness programs being organized by the authorities to inform the population regarding the availability of various therapeutics for different female disorders is driving the market growth
- Rising levels of expenditure being incurred to advance the healthcare services and facilities globally; this factor is also expected to propel the growth of the market
- Growing innovations in technology and advancements of various medicines resulting in enhanced treatment methods and focus on development of effective drugs also boosts the market growth
- Lack in the availability of approved treatment procedures and therapeutics is expected to hinder the growth of the market
- Growing concerns amongst the population regarding the recent black box warnings presented by the U.S. FDA regarding the usage of certain drugs restricts the market growth
- High levels of financial costs associated with the development of medical devices and therapeutics for the treatment of uterine fibroids; this factor is expected to restrict the market growth
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Global Uterine Fibroids Market Scope and Market Size
Global uterine fibroids market is segmented on the basis of type, treatment, route of administration, end-users and distribution channel.
- Based on type, the global uterine fibroids market is segmented into subserosal fibroids, intramural fibroids, submucosal fibroids and others.
- Treatment type for the global uterine fibroids market is segmented into non-hormonal treatment, hormonal treatment, surgical and others. Hormonal treatment segmented as oral contraceptives, progestins/antiprogestins, gonadotropin-releasing hormone (GnRH) agonists. Surgical methods are segmented as traditional abdominal myomectomy, laparoscopic or robotic myomectomy, hysteroscopic myomectomy, hysterectomy, uterine artery embolization or fibroid embolization (UAE) and ablation.
- The route of administration segment for global uterine fibroids market is segmented into oral, parenteral and others.
- On the basis of end-users, the global uterine fibroids market is segmented into hospitals, homecare, speciality centres and others.
- On the basis of distribution channel, the global uterine fibroids market has been bifurcated into hospital pharmacy, online pharmacy and retail pharmacy.
Highlight points of the report:
1. CAGR values in the Global uterine fibroids market for the forecast period
2. Key trends in the market place
3. Global uterine fibroids market Major players and brands
4. Drivers and restrains of the market
5. Competitive landscape
6. Potential and niche segments/regions exhibiting promising growth
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