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Methenamine Hippurate Tablets Market: Detailed Insights into Growth Drivers, Market Share, and Technological Advancements
Methenamine Hippurate Tablets Market
Methenamine Hippurate Tablets Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $12.83 billion In 2028 At A CAGR Of 7.4%.
The methenamine hippurate tablets market size has grown strongly in recent years. It will grow from $8.97 billion in 2023 to $9.63 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to traditional uti treatment, antibiotic resistance concerns, clinical validation, physician prescription patterns, patient preference for non-antibiotic solutions.
The methenamine hippurate tablets market size is expected to see strong growth in the next few years. It will grow to $12.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growing uti prevalence, rising antibiotic resistance concerns, advancements in uti management, healthcare focus on preventive therapies,clinical trials and research. Major trends in the forecast period include increased uti incidence, rising antibiotic resistance, preference for non-antibiotic treatments, focus on preventive healthcare, research and development.
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Methenamine Hippurate Tablets Market Major Segments
The methenamine hippurate tablets market covered in this report is segmented -
1) By Type: 20 Tablets Or Bottle, 6 Tablets Or Bottle
2) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy
3) By Application: Uncomplicated UTIs, Healthcare-associated UTIs
4) By End User: Hospitals, Homecare, Specialty Clinics, Others End Users
Key Driver - Rising Geriatric Population Spurs Demand For Methenamine Hippurate Tablets
An increasing geriatric population is expected to boost the growth of the methenamine hippurate tablets market going forward. Geriatric population refers to the population of older people of 60 years and above. Geriatric patients are more vulnerable to urinary tract infections due to a variety of factors such as decreased urine flow, an enlarged prostate, or kidney stones, thus methenamine hippurate tablets are required to treat these conditions. For instance, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations responsible for international public health, one in six individuals on the planet will be 60 or older by 2030. In 2021, there were 1.4 billion people over the age of 60. The number of persons who are 60 years or older globally will double by 2050 (2.1 billion). The number of people who are 80 years or older is projected to treble, reaching 426 million. Therefore, the increasing geriatric population is driving the growth of the methenamine hippurate tablets market.
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Prominent Trend - Product Innovation Transforms The Methenamine Hippurate Tablets Market
Product innovations have emerged as the key trend gaining popularity in the methenamine hippurate tablets market. Major companies operating in the methenamine hippurate tablets market are developing innovative products to strengthen their position in the market. For instance, in August 2021, Custex, a US-based urinary health brand, launched Cystex Ultra Protection. The unique features of Cystex Ultra Protection include probiotics, cranberries, vitamin A, and bio-shield technology. The Cystex Ultra Protection is intended to treat recurrent UTIs and maintain urinary tract health in more than 90% of women.
Methenamine Hippurate Tablets Market Players
Major companies operating in the methenamine hippurate tablets market report are Validus Pharmaceuticals LLC, Alvogen Lux Holdings S.ÀR.L., Micro Labs Inc., Aurobindo Pharma, Edenbridge Pharmaceuticals LLC, Kreative Organics, CorePharma LLC, Amneal Pharmaceuticals Inc., Viatris Inc., County Line Pharmaceuticals, Mylan N.V., McKesson Corporation, Nuray Chemicals Private Limited, Chemische Fabrik Berg GmbH, Siegfried AG, Sun Pharmaceutical Industries Ltd., Cipla Ltd., Dr. Reddy's Laboratories Ltd., Cadila Healthcare Ltd., Torrent Pharmaceuticals Ltd., Glenmark Pharmaceuticals Ltd., Zydus Pharmaceuticals Ltd., Lupin Ltd., Alkem Laboratories Ltd., Ipca Laboratories Ltd., Granules India Ltd., Ajanta Pharma Ltd., Teva Pharmaceutical Industries Ltd., Apotex Pharmachem Inc., Taro Pharmaceutical Industries Ltd., Sandoz International GmbH .
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Largest And Fastest Growing Region In The Market
North America was the largest region in the methenamine hippurate tablets market in 2023. The regions covered in the methenamine hippurate tablets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Methenamine Hippurate Tablets Market Report Structure
3. Methenamine Hippurate Tablets Market Trends And Strategies
4. Methenamine Hippurate Tablets Market - Macro Economic Scenario
5. Methenamine Hippurate Tablets Market Size And Growth
…..
27. Methenamine Hippurate Tablets Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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