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Vaginitis Therapeutics Market Size, Market Competitive Landscape, Business Growth, Share, And Forecast To 2033
Vaginitis Therapeutics Market
According to The Business Research Company's, The vaginitis therapeutics market size has grown rapidly in recent years. It will grow from $3.74 billion in 2023 to $4.12 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to high incidence of vaginal infections, women's health awareness, change in lifestyles and hygiene practices, antibiotic resistance concerns, pharmaceutical research and development..
The vaginitis therapeutics market size is expected to see rapid growth in the next few years. It will grow to $6.03 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to rising emphasis on personalized medicine, increased healthcare access, growing aging population, focus on non-antibiotic therapies, awareness and education initiatives .. Major trends in the forecast period include combination therapies for resistant cases, regulatory advances and guidelines, integration of digital health tools, global collaboration for research, development of non-drug therapies..
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Market Drivers and Trends:
The increasing prevalence of sexually transmitted diseases (STDs) is expected to propel the growth of the vaginitis therapeutics market going forward. Sexually transmitted diseases (STDs) are infections spread through sexual contact between infected and uninfected individuals. STDs cause vaginitis leading to vaginal inflammation and pain associated with vaginitis. Vaginitis therapeutics help relieve the symptoms of vaginitis caused by STDs among women leading to high usage of vaginitis drugs. For instance, in April 2023, according to the Center for Disease Control and Prevention, a US-based national public health agency, the number of sexually transmitted diseases (STDs) in the USA increased between 2020 and 2021, reaching more than 2.5 million. Further, the syphilis cases in the US increased by 32% from 133,954 in 2020 to 176,713 in 2021. Therefore, the increasing prevalence of STDs will fuel the vaginitis therapeutics market growth.
Product innovation is a key trend gaining popularity in the vaginitis therapeutics market. Major companies operating in the vaginitis therapeutics market are focused on developing innovative solutions to strengthen their position. For instance, Duchesnay Inc, a Canada-based pharmaceutical company specializing in women's health, launched Vablys, the first prescription antiseptic and anti-infective treatment for bacterial vaginosis in women under 55 years of age. It has multiple modes of action and anti-infective properties against various pathogens. The treatment consists of one tablet inserted in the vagina at bedtime for six consecutive days.
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Major Key Players of the Market:
Pfizer Inc.; Merck & Co Inc.; Novartis AG; Bayer AG; Lupin Pharmaceuticals Inc.; Symbiomix Therapeutics Inc.; Mission Pharmacal Company; Teva Pharmaceutical Industries Ltd.; Janssen Pharmaceuticals Inc.; Lumavita AG; Abbott Laboratories Ltd.; GlaxoSmithKline plc; Sanofi SA; Bristol-Myers-Squibb Co; Eli Lilly and Co; TherapeuticsMD Inc.; Scynexis Inc.; Sebela Pharmaceuticals Inc.; Daré Bioscience Inc.; Hologic Inc.; Mylan N.V.; Viamet Pharmaceuticals Inc.; Matinas BioPharma Holdings Inc.; Cidara Therapeutics Inc.; Imprimis Pharmaceuticals Inc.; Innovus Pharmaceuticals Inc.; Evofem Biosciences Inc.; Mycovia Pharmaceuticals; Perrigo Company plc; Mithra Pharmaceuticals; Ferring Pharmaceuticals; AstraZeneca plc; Biocon Limited; Pacira Pharmaceuticals Inc.; The Medicines Company
Vaginitis Therapeutics Market 2024 Key Insights:
• The vaginitis therapeutics market size will grow to $6.03 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%.
• Rising Std Rates A Driving Force Behind The Surge In Vaginitis Therapeutics Market
• Innovative Breakthroughs Pioneering Products Transforming The Landscape Of Vaginitis Therapeutics Market
• North America was the largest region in the global vaginitis therapeutics market in 2023
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