Global Men’s Health Therapeutics Market: Overview
The rising psychological, economic, biological, and social factors affecting men’s health are slated to propel the global men’s health therapeutics market. Research conducted by the World Health Organization (WHO) shows that life expectancy at birth for males was 69.1 years, while that for women was 73.8 years. Thus, it was found that women live longer than men on a global scale in a study conducted in 2015.
The report conveys key information related to the recent market developments, opportunities, trends, growth drivers, and restraints of the global men’s health therapeutics market. The business strategies, product portfolios, and market shares held by the major players are discussed in detail. The market attractiveness, Porter’s five force analysis, market forecasts, value chain analysis, the past, present, and projected leading segments of the global men’s health therapeutics market are also presented in the report.
Global Men’s Health Therapeutics Market: Drivers and Restraints
Changing lifestyles, indulgence in risky activities, usage of illegal drugs, consumption of liquor, and smoking have been causing several disorders and health conditions among men. Work-related problems such as stress and anxiety have also been contributing to the prevalence of health conditions, fuelling the demand for these therapeutics.
Moreover, studies have found that cancer prevalence among males is more than that among females. The widespread popularity of convenience food, junk food, and other unhealthy eating habits have further augmented the incidence of men’s health issues. The rising health awareness among people, increasing disposable incomes, and large healthcare expenditures are also driving the growth of this market.
On the other hand, hesitation of seeking medical advice might restrict the growth of the market due to factors such as social taboos and negative self-perception. However, a gradual shift in attitudes about men’s health are likely to aid in the expansion of the market as several healthcare providers, physicians, and medical organizations are ensuring that men feel more comfortable when seeking medical assistance. Moreover, the development of numerous pipeline drugs for the treatment of men’s health issues are likely to present significant opportunities for the global men’s health therapeutics market.
The global men’s therapeutics market can be segmented to include categories such as male hypogonadism therapy, prostate cancer therapy, erectile dysfunction therapy, and premature ejaculation therapy.
Global Men’s Health Therapeutics Market: Regional Outlook
On the basis of geography, the global men’s health therapeutics market can be segmented into Asia Pacific, North America, Europe, and Rest of the World.
The region of North America is projected to contribute to market expansion to a significant extent due to aging baby boomer population and sedentary lifestyles. Increased incidence of diseases caused by smoking such as emphysema, chronic obstructive pulmonary disease (COPD), and lung cancer among the western population are slated to drive the demand for these therapies in Europe and North America. The American Lung Association found that increasing number of men are diagnosed with lung cancer every year. Compared to other ethnic groups, the African-American men are at a higher risk of dying from this disease, finds the study.
Decreasing fertility rates among the population of countries such as Japan, Singapore, South Korea, Bhutan, Bangladesh and Indonesia will have a positive effect on the global market for men’s health therapeutics, boosting the growth of Asia Pacific.
Companies Mentioned in the Report
Some of the major companies operating in the global men’s health therapeutics market are Access Pharmaceuticals, Inc., Intas Pharmaceuticals Ltd., ASKA Pharmaceutical Co., CordexPharma, Inc., Trophogen, Inc., ZydusCadila Healthcare Ltd., and Pantarhei Bioscience BV.
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.
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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.
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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?
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