Global Uterine Fibroids Drug Market Set to Grow at Healthy CAGR forecast by 2026

Posted by swamiv on February 12th, 2020

Due to high demand and the value of market research for the success of different sectors, Uterine Fibroids Drug Market report has been prepared by covering many work areas. This is a professional and a complete report focusing on primary and secondary drivers, market share, competitor analysis, leading segments and geographical analysis. This Uterine Fibroids Drug Market report lets you know that how the market is going to perform in the forecast years by giving you information about market definition, classifications, applications, and engagements. Few of the features such as objectivity have been kept at the centre while obtaining the best result via this Uterine Fibroids Drug Market report for Pharmaceutical industry

Global uterine fibroids drug market is expected to grow at a substantial CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017.

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Market Definition: Global Uterine Fibroids Drug Market

Uterine fibroids are also known as leiomyoma or myomas, can be characterized by the formation of abnormal non-cancerous tissue growth inside the wall of the uterus. A woman may develop one or many fibroids in uterus and these can vary in sizes depending upon the condition and level. Uterine fibroids symptoms include heavy bleeding between or during the menstrual cycle, pain in pelvis or lower back, increased menstrual cramping and enlargement of the abdomen.

Market Drivers

• Increasing prevalence of uterine fibroids is driving the market growth
• Rising female population across the globe is driving the market growth.Growing screening across the world can also acts as a market driver
• Rising awareness amongst people about the uterine fibroids and its treatment is also boosting the market growth

Market Restraints

• Side effects of treatment such as bleeding and infection during surgery can hamper the market growth
• Low healthcare expenditure in developing regions also restricts the market growth
• High cost-containment measures undertaken by governments along with the ongoing healthcare reforms.
• Limited treatment options for uterine fibroids are restricting the market growth.

Detailed of TOC @ 

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Segmentation: Global Uterine Fibroids Drug Market

By Types

• Subserosal Fibroids
• Submucosal Fibroids
• Intramural Fibroids
• Pedunculated Fibroids

By Mechanism of Action

• GnRH Agonists
• Steroids
• Contraceptives
• NSAIDs
• Vitamins

By Drugs Type

• Progesterone
• Levonorgestrel
• Mefenamic
• Raloxifene
• Others

By Diagnosis

• Ultrasound
• Lab Tests
• Imaging Tests
  • Magnetic Resonance Imaging (MRI)
  • Hysterosonography
  • Hysterosalpingography
  • Hysteroscopy

By Treatment

• Medication
• Dietary Supplements
• Surgery

By Route of Administration

• Oral
• Intravenous
• Others

By End-Users

• Hospitals
• Homecare
• Specialty Clinics

Key Developments in the Market

• In July 2019, Myovant Sciences Ltd. reported positive primary outcome of the successful clinical trial for Relugolix combination therapy for the treatment of uterine fibroids. As, the phase III (LIBERTY 2) clinical trial hits the primary endpoint, as well as six secondary endpoints in women with uterine fibroids demonstrating the strong response rates in patients. Thus, the company seeks to file NDA to the U.S FDA
• In November 2018, AbbVie Inc is developing Elagolix drug for the treatment of reducing heavy menstrual bleeding associated with uterine fibroids. The drug is currently undergoing phase lll clinical trial, an orally-administered, non-peptide, small molecule gonadotropin-releasing hormone (GnRH) receptor antagonist which inhibits endogenous GnRH signaling by binding competitively to GnRH receptors in the pituitary gland. This drug has a potential as a future treatment for women with uterine fibroids

Competitive Analysis:

Global Uterine Fibroids Drug Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of uterine fibroids drug market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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