NEW YORK, Nov. 23, 2023 /PRNewswire/ — A latest research report [110+] pages with 360-Degree visibility, titled “Vaginitis Therapeutics Market Share, Size, Trends, Industry Analysis Report, By Disease Type (Anti-fungal, Anti-bacterial, Hormone); By Product (OTC, Prescription); By Region, And Segment Forecasts, 2023 – 2032” published by Polaris Market Research in its research repository.
According to research report, the global vaginitis therapeutics market size and share is predicted to grow from USD 3.30 Billion in 2022 to USD 7.20 Billion in 2032. It is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 8.1% from 2023 to 2032, according to the latest report by Polaris Market Research.
What is Vaginitis Therapeutics? How Big is Vaginitis Therapeutics Market Size?
- A Quick Review
Vaginitis is a medical term used to describe the various disorders that can lead to the inflammation of the vagina. A change in the balance of vaginal bacteria or infections from organisms like yeasts and viruses usually causes it. Chemicals in sprays, creams, or even clothing that touches this area can lead to vaginitis. In some cases, a reduction in estrogen levels after menopause and some skin disorders could irritate the delicate skin and tissues.
Candida infections, bacterial vaginosis, trichomoniasis vaginitis, chlamydia, viral vaginitis, non-infectious vaginitis, and atrophic vaginitis are the most common types of vaginitis. The symptoms of vaginitis include a change in odor, color, or amount of vaginal discharge, vaginal itching or infection, light vaginal bleeding or spotting, and painful urination. Increasing awareness about the importance of maintaining optimal vaginal health and the introduction of new vaginitis therapeutics treatment medications has increased the demand for enhanced vaginal healthcare infrastructure, impacting the vaginitis therapeutics market growth favorably.
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Who are the Major Providers of Vaginitis Therapeutics?
- Pfizer, Inc.
- Merck & Co.
- Novartis AG
- Bayer AG
- Lupin Pharmaceuticals, Inc.
- Symbiomix Therapeutics, Inc.
- Mission Pharmacal Company
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Important Highlights from the Report
- Growing R&D activities in the vaginitis therapeutics field and the introduction of new medications are the major factors driving the market growth.
- Increasing awareness and education on women’s health contribute majorly to the rising market demand.
- The vaginitis therapeutics market segmentation is primarily based on disease type, product and region.
- North America dominated the market with the largest share in 2022.
Vaginitis Therapeutics Market Details
|
Report Attributes |
Details |
|
Market value in 2023 |
USD 3.56 Billion |
|
Market value in 2032 |
USD 7.20 Billion |
|
CAGR |
8.1% from 2023 – 2032 |
|
Base year |
2022 |
|
Historical data |
2019 – 2021 |
|
Forecast Period |
2023 – 2032 |
Growth Drivers
- Market’s Prime Determinants of Growth, Trends, and Opportunities
Rising awareness on women’s health: The increasing awareness and education on women’s health is significantly influencing the vaginitis therapeutics market size. With society becoming more informed about women’s health issues, women are now more likely to seek medical care when they experience symptoms of vaginitis. This heightened awareness leads to early diagnosis and treatment, resulting in higher requirements for vaginitis therapeutics.
Introduction of new initiatives: A number of governmental and non-governmental organizations, including the European Institute of Women’s Health (EIWH) and the Women’s Health Organization, have introduced new initiatives to encourage open conversations and increase awareness about women’s health.
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Trends and Opportunities
Development of novel Organ Chip: Scientists at Harvard University and Wyss Institute have created an innovative Organ Chip for the vaginitis therapeutics market. The chip helps address the issue of bacterial vaginosis (BV) by replicating the microenvironment of human vaginal tissue in a lab setting. Made using human vaginal epithelial cells and underlying connective tissue cells, the chip can reproduce several different physiological facets of the vagina. Also, the chip can be exposed to various bacterial strains to assess their impact on vaginal health.
Segmental Analysis
- Anti-bacterial Segment Held the Largest Market Share
By disease type, the anti-bacterial segment accounted for the largest vaginitis therapeutics market share. The segment’s growth can primarily be attributed to the rising incidences of bacterial vaginosis. According to the data from the Centers for Disease Control and Prevention (CDC), over 21 million women between the age group of 14 to 49 were affected by this condition. Clindamycin, tinidazole & metronidazole are some common medications used to treat the condition of bacterial vaginosis.
Furthermore, the hormone segment is anticipated to grow rapidly. The growing availability of promising drugs and the overall rapid expansion of the vaginitis therapeutics industry are expected to support the segment’s robust growth. In recent times, the treatment preferences for vaginitis have transformed, with more and more women preferring oral hormonal treatments over tropical treatments due to their efficacy and convenience.
- Prescription Segment Accounts for the Largest Share
Prescription medications are specifically formulated drugs. These medicines are prescribed by doctors based on the patient’s individual needs and the severity of the condition. Prescription medications go through stringent testing and trials to ensure their effectiveness and safety. For women who experience severe or recurrent vaginitis, prescription medications provide targeted solutions that can effectively reduce the symptoms or prevent the condition from worsening.
The OTC segment is expected to experience robust growth and drive the vaginitis therapeutics market demand. This is largely due to the presence of several OTC drug types, including gels and vaginal creams. For example, Clindamycin is a popular OTC option that can treat bacterial vaginosis.
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Regional Insights
- Which Region Leads the Market for Vaginitis Therapeutics?
North America: North America dominates the market for vaginal therapeutics. The region’s dominance can be attributed to several factors, including the widespread prevalence of the disease and the presence of a robust healthcare infrastructure. Besides, the presence of vaginitis therapeutics market key players plays an important role in securing the region’s leading position in the market.
Asia Pacific: APAC is expected to grow at a rapid pace over the forecast period. This is primarily because of the region’s substantial unmet clinical needs and an increase in consumer disposable income. Besides, rising awareness about early disease diagnosis and the availability of effective medications in major economies such as China and India are other factors that further accelerate the market expansion in the region.
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Key Questions Answered in the Report
- What is the current size and forecast value for the market?
- What are the major factors fueling the industry’s growth?
- At what CAGR is the market anticipated to grow?
- Which segments are primarily driving the industry demand?
- Who are the top players in the vaginitis therapeutics market?
- Which region accounted for the largest market share?
Polaris Market Research has segmented the vaginitis therapeutics market report based on disease type, product, and region:
Viginitis Therapeutics, Disease Type Outlook (Revenue – USD Billion, 2019 – 2032)
- Anti-fungal
- Anti-bacterial
- Hormone
Viginitis Therapeutics, Product Outlook (Revenue – USD Billion, 2019 – 2032)
- Over-the-counter (OTC)
- Prescription
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.
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