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Carboprost Tromethamine Market Size, Insights, Outlook, Overview And Report To 2024-2033
Carboprost Tromethamine Market Size
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According to The Business Research Company's, The carboprost tromethamine market size has grown strongly in recent years. It will grow from $1.55 billion in 2023 to $1.64 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increasing incidence of postpartum hemorrhage, rising maternal mortality rates, growing awareness about maternal health, availability of government funding for maternal health programs, and increasing number of gynecological procedures.
The carboprost tromethamine market size is expected to see strong growth in the next few years. It will grow to $2.09 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising demand for effective postpartum hemorrhage treatments, government initiatives to improve maternal healthcare, increasing healthcare expenditure in developing countries, growing awareness about the benefits of Carboprost Tromethamine, strengthening regulatory support for maternal health drugs. Major trends in the forecast period include the adoption of combination therapies for better outcomes, rising focus on minimally invasive surgical techniques, development of new formulations for improved efficacy, increasing partnerships between pharmaceutical companies and healthcare providers, and growth in clinical trials for novel therapeutic applications.
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Market Drivers and Trends:
The rising number of surgeries is expected to propel the growth of the biomaterial wound dressing market going forward. Surgery is a medical procedure that involves making incisions in the body to treat injuries, diseases, or deformities by repairing or removing tissue. There is an increase in surgeries due to rising cases of chronic diseases, availability of health insurance coverage, increasing medical tourism, and advancement in the health industry. Biomaterial wound dressings act as a protective barrier against pathogens, reducing the risk of surgical site infections (SSIs). For instance, in September 2023, according to the American Society of Plastic Surgeons (ASPS), a US-based nonprofit organization, 1,498,361 cosmetic surgical treatments were carried out in 2022, a notable 19% rise from the 1,255,228 procedures carried out in the previous three years. Therefore, the rising number of surgeries is driving the growth of the biomaterial wound dressing market.
Major companies operating in the carboprost tromethamine market are increasingly focusing on developing single-dose carboprost tromethamine injections to enhance patient convenience, ensure precise dosing, and improve overall treatment outcomes. Single-dose carboprost tromethamine injections are administered as a single, complete dose to effectively manage postpartum hemorrhage, providing immediate and sustained therapeutic effects to control excessive bleeding. For instance, in May 2023, Eugia Pharma Specialties Limited, an India-based pharmaceutical company, received United States Food and Drug Administration (USFDA) approval for Carboprost Tromethamine Injection USP 250 mcg/mL, Single-Dose Vials. This approval allows Eugia Pharma to manufacture and market this product, which is indicated for aborting pregnancy between the 13th and 20th weeks of gestation and for the treatment of postpartum hemorrhage due to uterine atony.
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Major Key Players of the Market:
Pfizer Inc., Merck & Co. Inc., Bristol Myers Squibb Company, Fresenius Kabi AG, Teva Pharmaceutical Industries Ltd., Baxter International Inc., Sandoz Inc., Zoetis Inc., Sun Pharmaceutical Industries Ltd., Dr. Reddy's Laboratories Ltd., Hikma Pharmaceuticals PLC, Ferring Holding SA, Woodward Pharma, Amneal Pharmaceuticals Inc., Bio-Techne Corporation, Upsher-Smith Laboratories LLC, West-Ward Pharmaceuticals Corp., Taj Pharmaceuticals Limited, JHP Pharmaceuticals LLC, ANGUS Chemical Company, Biosynth Limited, Universal Biosensors Inc., SimSon Pharma Limited, ChemScene LLC, Ryvis Pharma
Carboprost Tromethamine Market 2024 Key Insights:
• The carboprost tromethamine market size is expected to see strong growth in the next few years. It will grow to $2.09 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
• Rising Maternal Health Initiatives Drive The Carboprost Tromethamine Market
• Development Of New Formulations In The Carboprost Tromethamine Market
• North America was the largest region in the carboprost tromethamine market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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