The Gynecology Drugs by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Gynecology Drugs, The gynecology drugs market size has grown strongly in recent years. It will grow from $41.56 billion in 2023 to $43.78 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to rise in introduction of drugs with novel mechanisms, a rise in educational tools and awareness on menopause, a rise in long acting reversible contraceptives, a shift in lifestyles, a rise in healthcare awareness and expenditure, government initiatives and an increase in pharmaceutical r&d expenditure.
The gynecology drugs market size is expected to see strong growth in the next few years. It will grow to $54.1 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increase in awareness and use of contraceptives and hormone replacement therapy (hrt), age-related increase in gynecological cancers, a rise in ovarian cancer, prevalence of gynecological diseases, a rise in healthcare expenditure and rising investment to understand the mechanisms of endometriosis and its treatment. Major trends in the forecast period include companies should consider launching or adopting new treatment developments to treat patients with oncology and endometriosis and give them a longer survival time, focus on development of new menopausal hormone therapy to offer better treatment options, investments in gynecology drugs research that will create new opportunities to create and develop new drugs, increase awareness about benefits of contraceptives and launch new products into the market to fulfill the unmet need from developed and developing countries, develop antibody-drug conjugates (adcs) targeted therapies to target ovarian cancers, consider entering into strategic collaborations and partnerships to broaden their product portfolios, boost revenues and establish category leadership and focus on combination therapies to overcome drug resistance and reduce morbidity and mortality caused due to traditional cancer treatments.
The rise in the number of women suffering from ovarian cancer would drive the growth of the global gynecological drugs market. Ovarian cancer is a type of cancer that originates in the ovaries, which are part of the female reproductive system. Gynecological drugs contribute significantly to the management of ovarian cancer by providing targeted and effective treatment options, improving survival rates, and enhancing the quality of life for patients. For instance, according to Globocan, it is estimated that the global incidence of ovarian cancer is anticipated to increase to 434,184 by 2040. The increasing incidence of ovarian cancer would boost the market for gynecological drugs in the forecast period.
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The gynecology drugs market covered in this report is segmented –
1) By Therapeutics: Hormonal Therapy, Non-Hormonal Therapy
2) By Indication: Gynecology Cancers, Menopausal Disorder, Polycystic Ovary Syndrome, Contraception, Other Indications
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Drug manufacturers are investing in developing personalized cancer vaccines, including gynecological cancers, and few have reached clinical trial phases. Pharmaceutical companies are combining genetic sequencing and precision medicine to create new drug therapies and cancer treatments that are designed to treat specific patients. Moderna announced the result of the ongoing Phase 1 clinical study in patients with both resected (adjuvant) and unresected (advanced) solid tumors. The results were positive when mRNA mRNA personalized cancer vaccine (PCV) mRNA-4157, was given alone or in combination with Merck pembrolizumab (KEYTRUDA). Currently, the vaccine is in phase 2 clinical trial.
The gynecology drugs market report table of contents includes:
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