Global Gynecology Drugs Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
2 Jun, 2021
The gynecology drugs market consists of sales of gynecology drugs services by entities (organizations, sole traders, and partnerships) that manufacture gynecology drugs which are used to treat gynecological diseases that include conditions affecting the uterus, ovaries, and their appendages.
Global Gynecology Drugs Market Size And Drivers:
The global gynecology drugs market is expected to grow from $22.22 billion in 2020 to $24.68 billion in 2021 at a compound annual growth rate (CAGR) of 11.07%. The growth is mainly due to the increase in gynecological disorders among women and rising cases of gynecological cancer. The gynecology drugs market is expected to reach $31.21 billion in 2025 at a CAGR of 6.05%. The rise in number of women suffering from ovarian cancer would drive the growth of the global gynecological drugs market.
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Trends In The Global Gynecology Drugs Market
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. For instance, in 2016, Merck, an American pharmaceutical company collaborated with Moderna Therapeutics, an American biotech company pioneer of messenger RNA Therapeutics to develop and commercialize novel messenger RNA (mRNA)-based personalized cancer vaccines. In 2019, Moderna announced the result from the ongoing Phase 1 clinical study in patients with both resected (adjuvant) and unresected (advanced) solid tumors. The results were positive when mRNA personalized cancer vaccine (PCV) mRNA-4157, given alone or in combination with Merck pembrolizumab (KEYTRUDA®). Currently the vaccine is in phase 2 clinical trial.
Global Gynecology Drugs Market Segments:
The global gynecology drugs market is further segmented based on type, therapeutics, indication, distribution channel and geography.
By Therapeutics: Hormonal Therapy, Non-Hormonal Therapy
By Indication: Gynecology Cancers, Menopausal Disorder, Polycystic Ovary Syndrome, Contraception, Others
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
By Geography: The global gynecology drugs market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the gynecology drugs market.
Read More On The Report For The Global Gynecology Drugs Market At:https://www.thebusinessresearchcompany.com/report/gynecology-drugs-global-market-report
Gynecology Drugs Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides gynecology drugs market overviews, analyzes and forecasts market size and growth for the global gynecology drugs market, gynecology drugs market share, gynecology drugs market players, gynecology drugs market segments and geographies, gynecology drugs market’s leading competitors’ revenues, profiles and market shares. The gynecology drugs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.