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Premenstrual Syndrome Treatment Market to Garner $1.51 Bn, Globally, by 2026 at 3.7% CAGR

04-14-2020 04:08 PM CET | Health & Medicine

Press release from: Allied Market Research

The global premenstrual syndrome treatment industry accounted for $1.12 billion in 2018, and is anticipated to reach $1.51 billion by 2026, registering a CAGR of 3.7% from 2019 to 2026.

Chief reasons for market fluctuations

Rise in prevalence of PMS, increase in awareness for PMS therapeutics, and growth in healthcare expenditure worldwide drive the growth of the global premenstrual syndrome treatment market. However, poor demand in underdeveloped countries hampers the market growth. On the contrary, growth opportunities in emerging markets and higher number of unmet needs for the treatment of PMS are expected to create lucrative opportunities in the industry.

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The analgesics segment dominated the market

Based on drugs, the analgesics segment held the largest share in 2018, contributing to nearly half of the global premenstrual syndrome treatment market. This is attributed to the easy accessibility of the drugs, increase in prevalence of PMS, growing awareness related to PMS, and preferable usage of NSAIDs in management of PMS. On the other hand, the oral contraceptives & ovarian suppression agent segment is expected to register the fastest CAGR of 4.9% during the forecast period, owing to regulation of female hormone, ease of access, and cost-effectivity.

Prescription segment to portray fastest growth by 2026

Based on type, the prescription segment is expected to register the fastest CAGR of 4.2% during the forecast period. Prescription medicines offer perfect dosage and have no side effects which drive the growth of the segment. However, the OTC segment dominated the global premenstrual syndrome treatment market in 2018, accounting for more than half of the market. Rise in demand for OTC products, increase in awareness toward OTC medicines, and surge in number of hospital pharmacies are the major factors driving the growth of the segment. In addition, drug stores & retail pharmacies, and online pharmacies across the globe fuels the growth of the segment.

North America to lead throughout the forecast period

The global premenstrual syndrome treatment market across the North America region held the largest share in 2018, accounting for more than two-fifths of the market. The region is expected to maintain its dominance throughout the forecast period. Presence of advanced healthcare facilities, higher healthcare awareness among the general population, wide availability of PMS treatment therapeutics, rise in demand for advanced healthcare services with higher healthcare expenditure, and presence of large number of hospitals & diagnostic centers equipped with advanced healthcare systems are the major factors propelling the growth of the segment. On the other hand, the market across the Asia-Pacific region is anticipated to register the fastest CAGR of 5.1% during the forecast period owing to the rise in awareness regarding PMS, growth in prevalence of premenstrual syndrome treatment systems, and increase in demand for PMS therapeutics.

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Major market players

BASF Corporation
ABBVIE INC.
Dr. Reddy's Laboratories Ltd
GlaxoSmithKline Plc
Bayer AG
AstraZeneca plc
Eli Lilly And Company
Shionogi Inc
H. Lundbeck A/S
Pfizer Inc

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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