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Oxytocic Pharmaceuticals Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023
Oxytocic Pharmaceuticals Market
Market Dynamics: Oxytocic Pharmaceuticals Market
Oxytocin is a female reproductive hormone secreted in the hypothalamus and released into blood circulation during childbirth to induce the labor and milk production in mothers. It is also used as uterotonic (induce uterine contractions) and reduce the hemorrhage after C-section. Increase in the number of preterm births, rise in labor induction rates, escalation in complicated pregnancy cases in developing countries, and increase in awareness about maternal health are anticipated to propel the oxytocic pharmaceuticals market. However, adverse effects associated with oxytocic drugs may restrain the growth of oxytocic drugs market over the forecast period.
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Market Scope: Oxytocic Pharmaceuticals Market
Globally This market segmented on the basis of product type, source, end user, and region
Based on product type, the market is segmented into the following
• Intramuscular Injection
• Intravenous Injection
Based on the source, the market is segmented into the following
• Natural Oxytocin (Animal Pituitary Extracts)
• Synthetic Oxytocin
Based on the end user, the market is segmented into the following
• Maternity Clinics
• Hospitals
Based on the region, the market is segmented into the following
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Regional Analysis: Oxytocic Pharmaceuticals Market
Geographically, global oxytocic pharmaceuticals market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa regions. North America oxytocic pharmaceuticals market is growing due to rise in incidence of induced labor, high awareness about oxytocic drugs, and rise in awareness about maternal health. Europe oxytocic pharmaceuticals market has a lucrative growth, which is attributed to presence of huge number of companies manufacturing the oxytocin drugs and rise in oxytocin usage during labor in the region. Asia Pacific oxytocic pharmaceuticals market is poised to grow at significant rate due to rise in childbirths in India and China, increase in female population, and rise in awareness about oxytocic drugs among healthcare professionals. Latin America oxytocic pharmaceuticals market has a notable share owing to increase in adolescent pregnancies in Brazil and rise in labor induction procedures. Middle East and Africa oxytocic pharmaceuticals market growth driven by higher prevalence of post-partum hemorrhage due to lack of nutrition in pregnant women and rise in awareness about pregnancy-related issues among healthcare professionals.
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Competition Assessment: Oxytocic Pharmaceuticals Market
Key players’ profiles in the global oxytocic pharmaceuticals market include
• Pfizer, Inc. (U.S.)
• Fresenius Kabi AG (Germany)
• Novartis AG (Switzerland)
• Cardinal Health (U.S.)
• Par Pharmaceutical, Inc. (U.S.)
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