Global Cyclic Heavy Menstrual Bleeding Market - Industry Trends and Forecast to 2030

Global Cyclic Heavy Menstrual Bleeding Market - Industry Trends and Forecast to 2030

Heavy menstrual bleeding (HMB) is one of the most common debilitating gynecologic disorders that is affecting women of reproductive age. Increasing incidence rate drives the growth of the cyclic heavy menstrual bleeding market. Rising cases of uterine fibroids and polyps boost the growth of cyclic heavy menstrual bleeding. In addition, effective treatment cost and easy availability of treatment options plays a significant role in the market growth in the above-forecasted period.
Data Bridge Market Research analyses a growth rate in the global cyclic heavy menstrual bleeding market in the forecast period 2023-2030. The expected CAGR of the global cyclic heavy menstrual bleeding market is around 5.50% in the forecast period. The market was valued at USD 40.3 billion in 2022, and it would grow up to USD 61.85 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
• Increase in Elderly Population
As per different surveys, the elderly population is more vulnerable to suffering from this disease. According to the Aging World reports from 2015, there were about 562 million people 65 and older worldwide, which increased the disease incidence and fuelled the market's growth.
• Increase in the Number of R&D Activities
An increase in the number of R&D activities boosts the market growth. This will benefit the global cyclic heavy menstrual bleeding market. The government funds research and development (R&D) initiatives to motivate researchers and pharmaceutical companies to develop novel medicines.
Opportunities
• Presence of Higher Alternatives
Several treatment alternatives are available, such as pharmacological or surgical treatment. Pharmacological options include non-steroidal anti-inflammatory drugs (NSAIDs), hormonal therapies, birth control pills, gonadotropin-releasing hormone (GnRH) agonists, and antifibrinolytic medicines are also available that help in the growth of the market.
• Increasing Demand for Retail Pharmacies
An increase in the number of drugs used for the global cyclic heavy menstrual bleeding market being delivered through retail pharmacies and a rise in the number of retail pharmacies in highly developed countries create opportunities for market growth. In addition, patients prefer retail pharmacies for purchasing drugs, as these are easily available.
Restraints/Challenges
• Lack of skilled professionals
The lack of qualified healthcare professionals who cannot perform these treatments could reduce the global cyclic heavy menstrual bleeding market growth during the forecast period.
• Development of Complications
Often, patients aid in the treatment process themselves, creating complications. Treatment without proper consultation with the doctor is dangerous and negatively impacts the patients. All these factors restrict the growth of the market.
This global cyclic heavy menstrual bleeding market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global cyclic heavy menstrual bleeding market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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