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Pediatric Bladder Treatment Global Market Growth Opportunities, Emerging Trends, Industry Analysis And Global Forecast 2024 To 2033 | AbbVie Inc., Novartis AG, Sanofi S.A., AstraZeneca PLC, Mylan N.V.
Pediatric Bladder Treatment Global Market
According to The Business Research Company's, the pediatric bladder treatment market size has grown strongly in recent years. It will grow from $3.36 billion in 2023 to $3.54 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to prevalence of pediatric bladder conditions, growing awareness of pediatric bladder conditions, increasing access to healthcare for children, rising disposable incomes.
The pediatric bladder treatment market size is expected to see steady growth in the next few years. It will grow to $4.23 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to aging population, rising prevalence of chronic diseases in children, increasing access to healthcare, demand for personalized medicine in the treatment. Major trends in the forecast period include adoption of new and innovative pediatric bladder treatments, digital health technologies, early intervention and prevention, non-invasive treatments.
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Market Drivers and Trends:
The increasing prevalence of pediatric bladder disorders is expected to propel the growth of the pediatric bladder treatment market going forward. Pediatric bladder disorders refer to various medical conditions that impact the normal functioning of the urinary bladder in children. Conditions such as spina bifida and neurological disorders contribute to urinary problems in children, necessitating effective treatments.
Major companies operating in the pediatric bladder treatment market are developing targeted therapies to address specific medical conditions in the pediatric population and provide tailored solutions for unique patient demographics and medical needs. Targeted therapies in pediatric bladder treatment refer to the specialized and precise medical interventions designed to effectively address children with bladder disorders' unique challenges and requirements. For instance, in March 2021, Astellas Pharma Inc., a Japan-based pharmaceutical company, received U.S. Food and Drug Administration (FDA) approval for Myrbetriq (mirabegron extended-release tablets) and Myrbetriq Granules (mirabegron extended-release oral suspension) for the treatment of neurogenic detrusor overactivity (NDO) in pediatric patients aged three years and older. Neurogenic detrusor overactivity (NDO) is a form of bladder dysfunction stemming from nerve damage that manifests through involuntary bladder contractions, resulting in symptoms such as frequent urination, an urgent need to urinate and urinary incontinence. Myrbetriq tablets (Mirabegron extended-release tablets) are presently accessible in the U.S. market.
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Major Key Players of the Market:
Pfizer Inc., F. Hoffmann-La Roche Ltd., AbbVie Inc., Novartis AG, Sanofi S.A., AstraZeneca PLC, Takeda Pharmaceutical Company Limited, Medtronic PLC, Teva Pharmaceutical Industries Ltd., Boston Scientific Corporation, Mylan N.V., Astellas Pharma Inc., Bausch Health Companies Inc., Sun Pharmaceutical Industries Ltd., Cook Medical Inc., Ipsen Pharma, Aurobindo Pharma Ltd., Endo International PLC, Coloplast AIS, Endo International PLC, Apotex Inc., Amneal Pharmaceuticals LLC., Orion Corporation, Taro Pharmaceuticals, Laborie Medical Technologies Corp., Salix Pharmaceuticals, TherapeuticsMD Inc., UroGen Pharma, Palette Life Sciences, Sumitovant Biopharma.
Pediatric Bladder Treatment Market 2024 Key Insights:
• The pediatric bladder treatment market size is expected to see steady growth in the next few years. It will grow to $4.23 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%.
• Rising Prevalence Of Pediatric Bladder Disorders Fuels Growth In The Pediatric Bladder Treatment Market
• Innovation In Precision Treatment For Unique Medical Needs
• North America was the largest region in the pediatric bladder treatment market in 2023.
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