The global urology drug market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Urology drugs are drugs used to treat urogenital conditions and diseases such as urinary incontinence, prostatic hyperplasia, and erectile dysfunction. The rising prevalence of UTI is expected to drive the growth of the global urology drugs market. According to the American Cancer Society statistics, in 2019 an estimated 80,470 young people have bladder cancer and an estimated 17,670 17,670 deaths are from bladder cancer drugs, and bladder cancer is more common in men than in women.
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Furthermore, increased government funding for R&D, greater collaboration between athletes to improve urothelial cancer drugs and public awareness of early diagnosis and treatment will promote the growth of the market for urology drugs market. In addition, rapid growth and product development drive the growth of the urology drug market. In addition, the increase in investment in the drug development research sector is expected to support the growth of this market and recent developments in drugs such as antimuscarinic drugs and beta-3-agonist are boosting the growth of the urology drug market.
Moreover, new drugs developed by pharmaceutical companies are likely to anticipate significant growth opportunities for the urology drug market. For instance, in 2019, a coalition of seven hospitals and three community-based organizations in the US announced that it would address drug shortages and the high cost of essential medicines by launching a generic drug company, named Civica Rx.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Merck & Co., Inc., GlaxoSmithKline plc, Sanofi SA, Endo Pharmaceuticals Inc., Sun Pharmaceutical Industries Ltd.,and Pfizer Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Urology Drug Market Report by Segment
By Type
- Α alpha-blockers
- 5 alpha-reductase inhibitors
By Application
- Hospital
- Clinic
- others
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