The Global Market for Endometriosis Drugs is Projected to Reach US$2.6 Billion by 2022
Emphasis on Gynecological
Health among Modern Women and Widespread Awareness Campaigns to Drive the
Global Endometriosis Market, According to a New Report by Global Industry Analysts,
Inc.
GIA launches comprehensive analysis of industry
segments, trends, growth drivers, market share, size and demand forecasts on
the global Endometriosis market. The global market for
Endometriosis Drugs is projected to reach US$2.6 billion by 2022, driven
by large-scale efforts towards awareness campaigns, and growing spending on treatment
of gynecological disorders amid societal changes, worldwide.
Endometriosis is one of the most common, yet
little-known disease affecting women, where uterine tissue grows outside the
uterus and causes debilitating pain, infertility, painful intercourse, depression,
and amenorrhea. Endometriosis treatment is mainly dominated by hormonal
therapies, such as progestin treatment or contraceptive pills that reduce
menstrual cycles. Abbvie’s Lupron and oral contraceptive pills (from Bayer among
others) have traditionally been used to treat endometriosis and its symptoms.
However, these drugs were not designed for endometriosis in the first place,
and represent a temporary solution before surgery is considered. Extensive
research is now ongoing to decipher the exact causes of endometriosis, and
develop drugs which offer long-term cure for the condition instead of stop-gap
solutions.
Prevailing trends in the endometriosis drugs market
include growing use of oral contraceptive pills (OCPs), comprising female
hormones like progestin and estrogen, and soaring popularity of intrauterine devices (IUDs) in treatment procedures.
IUDs are being favored owing to rising awareness about adverse side effects of
other therapeutic options. In addition, myths are being dispelled regarding the
disease and alternative methods are being readily accepted. Non-invasive
diagnostics, including next-generation MRIs, are forecast to become major tools
for the diagnosis of endometriosis, although laparoscopy, an invasive surgery,
still remains the gold standard for performing disease diagnosis. Genetic and
biomolecular diagnostic tests are also being trailed.
Future prospects remain promising for the endometriosis
drugs market, with full-scale efforts being made in research, and novel
treatment emerging in the field of surgical as well as pharmaceutical
treatment. New prospects including Elagolix and Relugolix (TAK-385), both of
which are in Phase III study, along with other pipeline drugs such as Proellex,
BAY 98-7196, and ASP-1707 are expected to play pivotal role in growth and
expansion of the market upon their commercial release. Further, mass campaigns such
as Worldwide Endometriosis Day being implemented to bring awareness about the
condition among women and general population, will also have a strong impact on
present and future growth.
As
stated by the new market research report on Endometriosis, the United States
represents the largest market worldwide. Asia-Pacific ranks as the fastest
growing market with a CAGR of 3.4% over the analysis period, led by large
population and unmet therapeutic needs for endometriosis, increasing awareness
about the condition, and increasing healthcare spending among the growing base
of affluent, middle class population.
Major players in the market include AbbVie Inc.,
Astellas Pharma Inc., AstraZeneca Plc, Bayer AG, Debiopharm Group, Evotec AG,
Kissei Pharmaceutical Co. Ltd., Neurocrine Biosciences Inc., ObsEva SA, Pfizer
Inc., Repros Therapeutics Inc., Roivant Sciences GmbH, Takeda Pharmaceutical
Company Limited, and ValiRx plc, among others.
The research report titled "Endometriosis: A Global
Strategic Business Report" announced by Global Industry Analysts Inc., provides a
comprehensive review of market trends, growth drivers, mergers and acquisitions,
and other strategic industry activities of major companies worldwide. The
report provides market estimates and projections for geographic markets, such
as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, and Rest
of Europe), Asia-Pacific, and Rest of World.
For
enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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connect with us, visit our LinkedIn page.
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA,
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