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Interstitial Cystitis Global Market Size $2.53 Billion Revenue By 2028 Growing Rapidly with Recent Trends and Outlook
Interstitial Cystitis Global Market
As per the report, the interstitial cystitis market size has grown strongly in recent years. It will grow from $1.69 billion in 2023 to $1.83 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The interstitial cystitis market size is expected to see strong growth in the next few years. It will grow to $2.53 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.
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Surging Urinary Tract Infections Fuel Growth In The Interstitial Cystitis Market
The rising prevalence of urinary tract infections is expected to propel the growth of the interstitial cystitis market. Urinary tract infections are bacterial infections that can occur anywhere in the urinary system and are caused by bacteria that enter the urethra. UTI can induce bacterial cystitis directly or indirectly and untreated UTI can lead to persistent bladder inflammation, the underlying cause of interstitial cystitis. Treatment for urinary tract infections caused by interstitial cystitis improves pain alleviation and quality of life in patients suffering from the disease. For instance, in 2021, according to the Centers for Disease Control and Prevention, a US-based national public health agency, in the US there were around 24,710 catheter-associated urinary tract infections reported in 2021. Further, according to an article published by The British Society for Antimicrobial Chemotherapy, a UK-based multi-professional organization, estimated that almost half of all women in the United Kingdom will get at least one urinary tract infection (UTI) at some point in their lives. Therefore, the rising prevalence of urinary tract infections drives the interstitial cystitis market.
Innovative Intravesical Solutions Revolutionize Interstitial Cystitis Treatment Market
Major companies operating in the interstitial cystitis treatment market are focused on developing innovative products, such as intravesical solutions, to treat interstitial cystitis and drive revenues in the market. Innovative treatments, such as interstitial cystitis intravesical solution, enhance the care and outcomes of this chronic and frequently complex bladder illness. For instance, in April 2021, Kyorin Pharmaceutical Co Ltd., a Japan-based developer and manufacturer of prescription medicines and quasi-drugs, launched Interstitial cystitis Zymso Intravesical Solution 50%, a dimethyl sulfoxide (DMSO) bladder instillation. It is uniquely designed with DMSO. Zymso is injected into the bladder through a catheter intended to relieve pain and discomfort associated with IC. The dosage for adults is six injections of 50 mL of 50% (w / w) dimethyl sulfoxide solution (27g of dimethyl sulfoxide) into the bladder spaced by two weeks.
The interstitial cystitis market covered in this report is segmented -
1) By Treatment: Medications; Bladder Instillation; Botulinum Toxin A; Nerve Stimulation; Surgery
2) By Patient Type: Pediatric Patients; Adult Patients
3) By Drug Type: Over-The-Counter (OTC) Drugs; Prescription Drugs
4) By End User: Hospitals And Clinics; Homecare
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Major players in the interstitial cystitis market are Pfizer Inc., Johnson & Johnson Ltd., Merck & Co. Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca PLC, Sun Pharmaceutical Industries Ltd., GlaxoSmithKline PLC, Takeda Pharmaceutical Co. Ltd., Eli Lilly and Company, Boehringer Ingelheim international GmbH, Amgen Inc., Viatris Inc., Teva Pharmaceutical Industries Ltd., Astellas Pharma Inc., Perrigo Company PLC, Aurobindo Pharma Ltd., Purdue Pharma LP, Apotex Inc., Endo International PLC, Amneal Pharmaceuticals Inc., Alvogen Inc., Kyorin Pharmaceutical Co. Ltd., Seikagaku Corp, Genentech Inc., Strides Pharma Science Limited, AlgoTherapeutix SAS.
Contents of the report:
1. Executive Summary
2. Interstitial Cystitis Market Report Structure
3. Interstitial Cystitis Market Trends And Strategies
4. Interstitial Cystitis Market - Macro Economic Scenario
5. Interstitial Cystitis Market Size And Growth
…..
27. Interstitial Cystitis Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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