Genitourinary Drugs are used for the treatment of medical complications related to the kidney, bladder, ureter, and urethra. Genitourinary disorders are caused by damage to the urinary tract or genital organs. The Global Genitourinary Drugs Market is accounted for USD 28,200 million expected and expected to register CAGR ~1.65% during the forecast period (2018–2023).
The increasing cases of genitourinary disorders, the surge in a number of people who have cancer, increasing prevalence of sexually transmitted diseases, and rise in a number of drugs in the pipeline are the major factors driving the growth of the Global Genitourinary Drugs Market.
According to the Centers for Disease Control and Prevention (CDC), more than 2.3 million Americans were diagnosed with sexually transmitted diseases in 2017. The most common sexually transmitted diseases in the American region are chlamydia, gonorrhea, and syphilis. Moreover, the increase in strategic collaborations and aggressive strategies adopted by major players in the market are also responsible for the growth of the market.
The increasing appearance of drug counterfeiting in the pharmaceutical industry, intense competition from generic manufacturers, and drug patent expirations are likely to hinder market growth during the forecast period.
Genitourinary Drugs Market - Key Players
Some of the key players in the Global Genitourinary Drugs Market are Bayer AG, AstraZeneca, Abbott, Astellas Pharma Inc., Pfizer Inc., Eli Lilly and Company, Genentech, Inc., Immunex Corp. GlaxoSmithKline plc., Ionis Pharmaceuticals, Inc., Merck & Co., Bristol-Myers Squibb Company, Antares Pharma, and Novartis AG.
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Genitourinary Drugs Market - Segmentation
The Global Genitourinary Drugs Market has been segmented on the basis of disease, product, and end user.
The market, by disease, has been classified as urinary tract infections, erectile dysfunction, urinary incontinence and overactive bladder, kidney/renal cancer, genitourinary cancer, bladder cancer, bladder cancer, cervical cancer, sexually transmitted diseases, interstitial cystitis, hematuria, ovarian cancer, and prostate cancer.
On the basis of product, the market has been segregated into urological, hormonal therapy, gynecological, and anti-infectives.
The end user segment has been divided into, hospitals, clinics, super specialty centers, and others.
Genitourinary Drugs Market - Regional Analysis
The market in the Americas is expected to dominate the Global Genitourinary Drugs Market during the forecast period owing to the rising prevalence of genitourinary disorders, increasing number of cancer patients in the region, the rise in healthcare expenditure, and the presence of a well-established healthcare system. The European market is expected to be the second-largest due to government initiatives for the development of the healthcare sector, increasing research and development activities in the region, and the rise in a number of chronic disorders. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing market during the forecast period owing to the increasing geriatric population, rising investments in the healthcare sector, and favorable government policies. The market in the Middle East and Africa is likely to account for the smallest share of the global genitourinary drugs market. The market growth in this region can be attributed to increasing healthcare expenditure and growing medical tourism.
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