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Urinary Tract Infection Treatment Market Size, Opportunities, Trends, and Demand 2024-2033
Urinary Tract Infection Treatment Market Size
As per the report, the urinary tract infection treatment market size has grown steadily in recent years. It will grow from $10.12 billion in 2023 to $10.45 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The urinary tract infection treatment market size is expected to see steady growth in the next few years. It will grow to $11.74 billion in 2028 at a compound annual growth rate (CAGR) of 2.9%.
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Urinary Tract Infection Treatment Market Surges In Response To Escalating Prevalence
The rising prevalence of urinary tract infections is expected to propel the growth of the urinary tract infection treatment market going forward. Urinary tract infections refer to bacterial infections that affect the kidneys, bladder, ureters, and urethra, as well as other parts of the urinary system. Urinary tract infection treatment is essential, as it helps in several ways to address the infection and promote healing in urinary tract infections. For instance, in January 2023, according to the National Institute of Health, a US-based public health research agency, urinary tract infections were the seventh most common reason for a patient to be seen in an emergency department in the USA, constituting over one million visits annually. Of these, 22% (220,000) are considered complicated UTIs, and about 100,000 are admitted annually. Therefore, the rising prevalence of urinary tract infections is driving the growth of the urinary tract infection treatment market.
Advancements In Urinary Tract Infection Treatment Market Through Cutting-Edge Technologies
The adoption of advanced diagnostic technologies is a key trend gaining popularity in the urinary tract infection treatment market. Companies operating in the urinary tract infection treatment market are working on new product innovations to sustain their position in the market. For instance, in April 2023, AccessDx Laboratory, a US-based diagnostic laboratory launched the UTI PROx Panel. UTI PROx is designed to equip healthcare providers with superior insights to improve clinical care and decision-making when treating suspected, complex, and recurrent urinary tract infections.
The urinary tract infection treatment market covered in this report is segmented
1) By Drug Class: Penicillin And Combinations, Quinolones, Cephalosporin, Aminoglycoside Antibiotics, Sulphonamides, Azoles And Amphotericin B, Tetracycline, Nitrofurantoin
2) By Indication: Complicated UTI, Uncomplicated UTI
3) By Distribution Channel: Hospital Pharmacies, Gynecology And Urology Clinics, Drug Stores, Retail Pharmacies, Online Drug Store
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Major companies operating in the urinary tract infection treatment market report are Pfizer Inc., F. Hoffmann-La Roche Ltd, Merck & Co. Inc, AbbVie Inc., Allergan Plc, Bayer AG, Novartis International AG., Sanofi S.A., Bristol-Myers Squibb Company, Thermo Fisher Scientific Inc., AstraZeneca plc, GlaxoSmithKline PLC, Eli Lilly and Company, Boehringer Ingelheim GmbH, Teva Pharmaceutical Industries Ltd, Sun Pharmaceutical Industries Ltd, Dr. Reddy's Laboratories Ltd., Bio-Rad Laboratories Inc., Cipla Ltd, Hikma Pharmaceuticals PLC, Lupin Limited, Almirall SA, Torrent Pharmaceuticals Limited, Glenmark Pharmaceuticals Limited, Mylan N.V.
Contents of the report:
1. Executive Summary
2. Urinary Tract Infection Treatment Market Report Structure
3. Urinary Tract Infection Treatment Market Trends And Strategies
4. Urinary Tract Infection Treatment Market - Macro Economic Scenario
5. Urinary Tract Infection Treatment Market Size And Growth
…..
27. Urinary Tract Infection Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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