Cyclic Heavy Menstrual Bleeding Market Analysis 2024 - Global Insights, Industry Demand, Growth Trends And Outlook By 2033

The Business Research Company recently released a comprehensive report on the Global Cyclic Heavy Menstrual Bleeding Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The cyclic heavy menstrual bleeding market size has grown strongly in recent years. It will grow from $40.21 billion in 2023 to $42.97 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to aging population, raise awareness about menstrual health, rising disposable incomes, government initiatives.

The cyclic heavy menstrual bleeding market size is expected to see strong growth in the next few years. It will grow to $54.27 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to growing female population, rising prevalence of obesity, increasing access to healthcare, growing popularity of biosimilars, increasing demand for preventive treatments. Major trends in the forecast period include medical advancements, minimally invasive procedures, nutritional approaches, eco-friendly menstrual products.

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Market Drivers and Trends:

Rising cases of uterine fibroids and polyps are expected to propel the growth of the cyclic heavy menstrual bleeding market going forward. Uterine fibroids and uterine polyps are two common types of noncancerous growths that can develop in the uterus (womb) of women. The treatment for uterine fibroids and polyps reduces blood loss, regulates the menstrual cycle, prevents complications and enhances the emotional well-being of patients suffering from menstrual disorders. For instance, in March 2022, according to Frontiers, a Switzerland-based journal, in the United States, a survey was conducted on 1,346 randomly selected women on the incidence of uterine fibroids between 35 and 49 years screened by self-report, found an incidence of uterine fibroids by age 35 of 60% among African-American women, increasing to >80% by age 50, whereas Caucasian women in this study showed an incidence of 40% by age 35 and almost 70% by age 50. Therefore, rising cases of uterine fibroids and polyps drive the cyclic heavy menstrual bleeding market.

Major companies operating in the cyclic heavy menstrual bleeding market concentrate on developing potential medications such as MYFEMBREE to gain competitive advantages in the market. For instance, in May 2021, Myovant Sciences, a US-based pharmaceutical company and Pfizer, a US-based pharmaceutical company, introduced MYFEMBREE, the Food And Drug Administration, a US-based government agency. This is the first once-daily treatment for managing heavy menstrual bleeding associated with uterine fibroids in premenopausal women, with a treatment duration of up to 24 months. Additionally, this medication reduces the risk of bone loss and norethindrone acetate (a progestin), which is necessary when women with a uterus (womb) take estrogen.

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Major Key Players of the Market:

Pfizer Inc., Merck and Co. Inc., Novartis AG, Abbott Laboratories, GlaxoSmithKline PLC, Medtronic PLC, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Amgen Inc., Boehringer Ingelheim International GmbH, Reckitt Benckiser Group PLC, Teva Pharmaceutical Industries Ltd., Mylan N.V., Bausch Health Companies Inc., Eisai Co. Ltd., Sun Pharmaceutical Industries Ltd., Perrigo Company PLC, Dr. Reddy's Laboratories Ltd., Aurobindo Pharma Limited, Cipla Limited, Ferring B.V., Amneal Pharmaceuticals LLC, Zydus Lifesciences Ltd., Lupin Limited, Torrent Pharmaceuticals Ltd.

Cyclic Heavy Menstrual Bleeding Market 2024 Key Insights:

• The cyclic heavy menstrual bleeding market is expected to grow to $54.27 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%.
• Elevated Incidence Of Uterine Fibroids And Polyps Fuels Growth In The Cyclic Heavy Menstrual Bleeding Market
• Myovant Sciences And Pfizer Revolutionize Treatment With Myfembree In Cyclic Heavy Menstrual Bleeding Market
• North America was the largest region in the cyclic menstrual bleeding market in 2023

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