Hematuria Treatment Market: Introduction
- Hematuria is the presence of blood in a person’s urine. There are a number of causes for blood in urine, such as urinary tract infections, bladder or kidney stone, kidney infections (pyelonephritis), kidney disease, cancer, enlarged prostate, kidney injury, and kidney disease. Improvements in understanding of the physiological mechanism responsible for hematuria have led to developments in the treatment of the condition.
- Antibiotics prescribed for the treatment depend on what part of the tract is to be treated. However, developments in route of administration and different concentration of drugs enable prevention of the disease or infection to spread to cellular and molecular levels.
Key Drivers and Restraints of Global Hematuria Treatment Market
- Incidences of hematuria increases with age, and people above 35 years of age are likely to develop the symptoms of hematuria. According to the International Incontinence Society, approximately 70% to 80% of people aged 80 years, experience symptoms of an overactive bladder.
- Geriatric population is expected to increase the patient pool worldwide, which, in turn, is projected to drive the hematuria treatment market during the forecast period. According to the World Health Organization (WHO), the elderly population in the world is likely to reach about 2 billion (22% of the global population) by 2050 as compared to 617 million population in 2015.
- High prevalence of diseases such as UTI and kidney stone, increase in incidences of hematuria among adults, surge in awareness, extensive research and development activities, advent of high-throughput screening (HTS) for drug discovery, and FDA approvals for drugs are major factors driving the global hematuria treatment market. Currently, the societal cost of UTI infections, including health care costs and time missed from work, is approximately US$ 3.5 Bn per year in the U.S. alone.
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Retail Pharmacies to be Most Attractive Distribution Channel Segment
- In terms of distribution channel, the retail pharmacies segment accounted for the second largest share of the hematuria treatment market in 2018. Increase in the number of hematuria therapeutics being dispensed through retail pharmacies and growth in the number of retail pharmacies in developing countries render these pharmacies as a major channel of distribution. Moreover, patients prefer retail pharmacies to purchase drugs, as they are easily accessible.
- The online pharmacies segment is likely to expand at a rapid CAGR during the forecast period. Increasing popularity of online pharmacies for obtaining prescribed drugs and adoption of this distribution channel by customers are factors fueling the growth of this segment.
North America to Lead Global Hematuria Treatment Market
- In terms of region, the global hematuria treatment market can be divided into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
- North America is projected to be the most attractive market for hematuria treatment. Early adoption of branded products, favorable medical reimbursement policies, recent FDA approvals, large number of drugs in pipeline, focus on reducing the number of undiagnosed hematuria cases, and early treatment are factors anticipated to drive the hematuria treatment market in the U.S. and Canada during the forecast period.
- Europe is projected to be the second most attractive market for hematuria treatment. This market in Europe is driven by the increase in the demand for new therapeutics, extensive research in the field of urinary tract infection care, and geographical expansion of market players.
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Key Manufacturers Operating in Global Market
The global hematuria treatment market is highly fragmented, in terms of number of players. Key manufacturers operating in the global market are:
- Pfizer, Inc.
- AstraZeneca plc
- Novartis International AG.
- Johnson & Johnson
- F. Hoffmann La Roche Ltd.
- Teva Pharmaceutical Industries Ltd.
- Boehringer Ingelheim GmbH
- Cipla Ltd.
Global Hematuria Treatment Market, by Disease
- Gross Hematuria
- Microscopic Hematuria
Global Hematuria Treatment Market, by Drug Type
- Penicillin & Combinations
- Azoles & Amphotericin B
Global Hematuria Treatment Market, by Route of Administration
Global Hematuria Treatment Market, by Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Global Hematuria Treatment Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.