Hematuria Treatment Market Size, Share, Key Players, Growth Trend, and Forecast Till 2027
The global hematuria treatment market is accruing rapidly mainly due to the increasing number of bladder or kidney stones; kidney disease; urinary tract infection, cystitis (bladder infection), or pyelonephritis (kidney infection); cancers of the urinary tract (kidney, bladder, prostate); trauma, injury, or urinary tract instrumentation; rigorous exercise; benign prostatic hyperplasia; and blood thinners for such as Antithrombotic medications.
In addition
to the chronic diseases, infection or diseases are too impacting the market
growth positively. At the same time, there are various treatments and novel
medications available for hematuria management which are pushing up the market
on the global platform.
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Acknowledging
the colossal growth, the market is witnessing currently, Market Research Future
(MRFR) in its recently published study report asserts that the global hematuria
treatment market will grow exponentially by 2023 accruing at a striking CAGR
during the forecast period (2018 - 2023).
Furthermore,
technological advancements transpired in the field of hematuria management and
advent treatment materials are fostering the market growth of hematuria
treatment to an extent.
On the
other hand, factors such as the complications in the treatment, high cost of
product developments, and stringent regulations for approvals are expected to
obstruct the market growth during the assessment period. Also, the pending or
imminent patent expiries of many blockbuster hematuria management drugs are
some hampering the market growth.
Nevertheless,
factors like the instigation of a large number of regulatory healthcare
reforms, developments of methods for the improved diagnosis and treatments for
hematuria are expected to support the market growth bringing about the
hematuria management therapeutics and treading along a promising increase in
the next few years.
Hematuria
Treatment Market – Segments
The MRFR
analysis is segmented into five key dynamics for the convenience of
understanding;
By
Type : Gross/ Macroscopic Hematuria, Microscopic Hematuria, Idiopathic
Hematuria, and Jogger’s Hematuria.
By
Causes : Kidney Stones, Urinary Tract Infections (UTI), Urethritis, Blood
Cancer, Bladder Stones, Prostate Cancer, Cystitis, Trauma, Vigorous Exercise, Polycystic
Kidney Disease, Endometriosis, and Menstruation.
By
Treatment: Drugs and Therapeutics, among others.
By
End-user : Hospitals, Clinics, and Labs among others.
By
Regions : North America, Europe, APAC, and the Rest-of-the-World.
Hematuria
Treatment Market – Regional Analysis
The North
American region dominates the global hematuria treatments market. The growing
prevalence of kidney diseases, bladder cancer, and others along with the high
per capita healthcare expenses drive the growth in the regional market.
Some of the
factors such as the increasing technological innovations in medical science and
the growing investments into R&D to develop new techniques to treat
hematuria are substantiating market growth.
Besides the
high consumption of antibiotics in the treatment of various chronic diseases,
the presence of a well-established healthcare system, and rising cases of
trauma & accidents foster the growth of the hematuria management market in
the region.
Europe
hematuria treatment market stands at the second position in terms of the size.
The market in this region exhibits a phenomenal growth prospect throughout the
review period.
Furthermore,
factors like financial support from the government for R&D activities, and
the increasing demand for hematuria treatments & devices drive the market
growth in the region. Besides, the rising incidences of accidental injuries are
contributing to the market growth in this region, generating a massive demand
for the management of hematuria.
The Asia
Pacific hematuria treatment market is emerging as a profitable market. Factors
such as the increasing healthcare expenditure and increasing prevalence of
hematuria led by the growing incidences of infections related to the urinary
tract, bladder, and kidney drive the growth of the hematuria treatment market
in the region.
The
increasing governmental funding alongside a large unmet needs presages towards
the growth opportunities for the market players. Spreading awareness about the
availability of different hematuria management procedures is accelerating the
market growth in the region. Besides, the availability of low-cost, quality
hematuria management methods drives the regional market.
Hematuria
Treatment Market – Competitive Analysis
The highly
competitive hematuria treatment market appears fragmented owing to a number of
players and the increasing investments made by them in R&D activities in
the hematuria management. Through the strategic partnership, acquisition,
expansion, product & technology launch, and collaboration, these players
try to gain a competitive edge.
Key
Players:
Some of the
leaders of the market include Bristol-Myers Squibb, AstraZeneca Plc., F.
Hoffmann-La Roche Ltd., Janssen Pharmaceuticals, Inc., GlaxoSmithKline Inc.,
Merck & Co., Sun Pharmaceutical Industries Limited, Novartis International
AG, Pfizer, Inc., and The Medicines Company among others.
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