Genitourinary drugs are used to treat disorders affecting the kidneys, bladder, ureters, and urethra. Since long, patients suffering from disorders and infections related to genitourinary systems have been depending on steroids and immunosuppressants which are chemically synthesized and may reciprocate with some serious side effects such as insomnia, acne, nausea, vomiting, and diarrhea. As a result, patients are now turning to biological drugs that not only cause fewer to no side-effects, but are also more effective in the treatment of genitourinary infections.
The global market for genitourinary drugs is expected to expand at a healthy rate in the near future, more so in developing economies due to growing concerns about urinary incontinence and related illnesses. The U.S. continues to be the most prominent market for genitourinary drugs, followed by Japan as far as the consumption of these drugs is concerned.
Global Genitourinary Drugs Market: Trends and Opportunities
The report observes that the entry of novel drugs such as Cialis has been a boon in the global market for genitourinary drugs. These drugs are considerably more effective than the drugs used in multiple-drug therapies, and are affordable in cost to for the end-users. Success of Cialis has fueled the development of a number of new biological drugs for the treatment of genitourinary disorders, further propelling the global market for genitourinary drugs market.
Additionally, the genitourinary drugs market is also expected to gain from increasing incidences of urinary diseases and related illness that are sexually transmitted. Moreover, rising concerns about urinary incontinence and impotency as well as technological advancements in genitourinary devices are anticipated to accentuate the growth of the global genitourinary drugs market over the forecast period. However, the lack of compliance to medication is expected to hamper the overall growth rate of the global market for genitourinary drugs.
Global Genitourinary Drugs Market: Region-wise outlook
North America stood as the most prominent market for genitourinary drugs in 2014. This was a result of factors such as robust healthcare infrastructure, awareness about the growing prevalence of cancer, and technological advancements in manufacturing of genitourinary drugs. Europe currently remains the second largest regional market for genitourinary drugs, however, emerging economies in Asia Pacific are anticipated to register the fastest growth rate during the forecast period. This rapid increase in demand for genitourinary drugs in Asia Pacific is due to increased disposable income (especially among the urban population), adoption of effective medicines and aggressive investment by individual governments towards improving healthcare infrastructure in those countries. The region of Latin America is also expected to experience healthy growth rate in near future.
In order to provide detailed projections, the global market for genitourinary drugs has been segmented on the basis of disease and product. By disease, the market can be segmented into genitourinary cancer, bladder cancer, cervical cancer, ovarian cancer, kidney or renal cancer, and prostate cancer. On the basis of product, the global market for genitourinary drugs is segmented into urologicals, gynaecologicals, sex hormones, and genitourinary anti-infectives. Sex hormones account for the dominant demand due to increasing usage of drugs in the market while the genitourinary anti-infective segment is expected to experience the most robust growth rate over the forecast duration of the report owing to increasing incidences of urinary tract infections.
Some of the key players in the global market for genitourinary drugs include Pfizer, Astellas, Betanis, Botox, Glaxo Wellcome Plc, Anturol, GlaxoSmithKline, Eli Lilly, Bayer AG, Merck KGaA, Abbott Laboratories, Merck & Co., Agouron Pharmaceuticals Inc., Chiron Inc., Bristol-Myers Squibb Co., Connaught Laboratories Inc., Genentech Inc., Hoffman-La Roche Inc., Immunex Corp., Isis Pharmaceuticals, Pharmacia & John Inc., Quadra Logic Technologies Inc., Photofrin, Rhone Poulenc Rorer Inc., Schering Plough Corp., and Leucomax.
Key Segments of the Genitourinary Drugs Market
Genitourinary Drugs Market by Disease
- Genitourinary Cancer
- Bladder Cancer
- Cervical Cancer
- Kidney/Renal Cancer
- Ovarian Cancer
- Prostate Cancer
Genitourinary Drugs Market by product
- Sex Hormones
- Genitourinary Anti-Infectives
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments