In a recent published report, Kenneth Research has updated the market report for Overactive Bladder (OAB) Treatment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Overactive Bladder (OAB) Treatment Market products.
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Kenneth Research has recently added a report titled Overactive Bladder (OAB) Treatment Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
Global Overactive Bladder Treatment Market was valued at USD 4978.09 Million in the year 2018. New emerging technologies and drug development with expanding health expenditure and infrastructure, rising number of elderly people etc. is driving the Overactive Bladder Treatment market. Further, advent of combination therapy, rising drug approval will bolster the overactive bladder treatment market. In addition, the ongoing developments and advancements of treatments in pharmaceutical industry will create the demand for high-efficient Overactive Bladder Treatment that are likely to boost the growth of Overactive Bladder Treatment market across all over the globe.
By Medication, Oxybutynin has been estimated to propel the market growth globally mainly owing to its cost effectiveness, good efficiency and lower rate of adherence in OAB treatment. By Therapy, BOTOX Treatment will have high growth rate, due to the fact that BOTOX is more cost-effective, even when performed in the hospital under general anesthesia. However, it can also be performed under local anesthesia. Furthermore, Botox is one-step procedure and does not require the implantation of a foreign body. BOTOX Therapy is an acceptable treatment for physicians as well and requires fewer extra skills beyond those necessary for a cystoscopic. Botox is safe, with the only side effect being the temporary need to catheterize in 6% of cases and UTI in 18% of cases.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Based on Therapy, SNM Therapy is expected to propel and have higher growth rate owing to its significantly higher completely dry rates and higher zero pad usage, improvement in frequency/urgency, and causes no change in voiding efficiency. Further, SNM therapy is more holistic than BOTOX Therapy and is a restorative therapy and returns function back to the patient. SNM does carry more complications (about 20%), mostly comprising undesirable stimulation and pain at the implant site.
Scope of the Report
Global Overactive Bladder Treatment Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Overactive Bladder Treatment Market – Size, Growth, Forecast, By Value
• Analysis By Medication: Oxybutynin, Tolterodine, Trospium, Solifenacin, Mirabegron, Others
• Analysis By Therapy: BOTOX, SNM Therapy, PTNS
Regional Analysis – North America, Asia Pacific, Europe and Rest of World (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Overactive Bladder Treatment Market – Size, Growth, Forecast, By Value
• Analysis By Medication: Oxybutynin, Tolterodine, Trospium, Solifenacin, Mirabegron, Others
• Analysis By Therapy: BOTOX, SNM Therapy, PTNS
Country Analysis – USA, Canada, Mexico, India, China, Japan, Germany, France, Italy, Spain (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Overactive Bladder Treatment Market – Size, Growth, Forecast, By Value
• Analysis By Medication: Oxybutynin, Tolterodine, Trospium, Solifenacin, Mirabegron, Others
• Analysis By Therapy: BOTOX, SNM Therapy, PTNS
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Other Report Highlights
• Pipeline Product Analysis
• Market Attractiveness Charts
• Competitive Landscape
• Leading Companies
• Market Dynamics – Drivers, Trends and Restraints
• Market Trends
• SWOT Analysis
• Porter’s Five Forces Analysis
• Company Analysis – Sanofi S.A., Macleod’s pharmaceuticals Ltd., Apotex, Axonics modulation technologies, Intas Pharmaceuticals, Teva Pharmaceuticals, Laborie, Pfizer Inc., Allergan, Astellas Pharma Inc.
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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