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Methenamine Hippurate Tablets Market Forecast: CAGR, Market Size, Key Players, Growth Drivers and Trends
Methenamine Hippurate Tablets Market
What Is The Projected Market Size Of The Global Methenamine Hippurate Tablets Market And Its Growth Rate?
The methenamine hippurate tablets market has posted strong growth in recent years with future projections revealing:
• Market Size in 2024: $9.52 billion
• Market Size in 2025: $10.21 billion (CAGR of 7.2%)
• Expected Market Size in 2029: $13.78 billion (CAGR of 7.8%)
The growth is attributed to traditional UTI treatment, rising antibiotic resistance concerns, clinical validation, preference for non-antibiotic solutions amongst patients and physicians, and advancements in UTI management and preventive healthcare.
What Is Driving The Growth In The Methenamine Hippurate Tablets Market?
The worldwide growth in the geriatric population is boosting the methenamine hippurate tablets market. Older individuals aged 60 years and above are more vulnerable to urinary tract infections (UTIs) due to factors such as decreased urine flow, an enlarged prostate, or kidney stones. Methenamine hippurate tablets are used for the treatment of these conditions. According to the World Health Organization, by 2030, one in six individuals globally will be 60 years or older. In 2022, there were 1.4 billion people over the age of 60. This number will double by 2050, reaching 2.1 billion, significantly driving the market for methenamine hippurate tablets.
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Who Are the Key Players Driving Methenamine Hippurate Tablets Market Growth?
Key players in the methenamine hippurate tablets market are:
• Alvogen Lux Holdings S.ÀR.L.
• Micro Labs Inc.
• Aurobindo Pharma
• Amneal Pharmaceuticals Inc.
• Viatris Inc.
• McKesson Corporation
• Sun Pharmaceutical Industries Ltd.
• Cipla Ltd.
• Dr. Reddy's Laboratories Ltd.
• Cadila Healthcare Ltd.
• Torrent Pharmaceuticals Ltd.
• Glenmark Pharmaceuticals Ltd.
• Zydus Pharmaceuticals Ltd.
• Lupin Ltd.
• Alkem Laboratories Ltd.
• Ipca Laboratories Ltd.
• Granules India Ltd.
• Teva Pharmaceutical Industries Ltd.
• Apotex Pharmachem Inc.
• Sandoz International GmbH
What Are The Key Trends In The Methenamine Hippurate Tablets Market?
The significant trends driving the forecast period include:
• Increasing UTI incidence
• Rising antibiotic resistance
• Preference for non-antibiotic treatments
• Focus on preventive healthcare
• Research and development
What Are The Segments Of The Global Methenamine Hippurate Tablets Market?
The methenamine hippurate tablets market is segmented into:
1) By Type: 20 Tablets Or Bottle, 6 Tablets Or Bottle
2) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy
3) By Application: Uncomplicated UTIs, Healthcare-associated UTIs
4) By End User: Hospitals, Homecare, Specialty Clinics, Others End Users
Which Region Leads The Methenamine Hippurate Tablets Market?
In 2024, North America was the largest player in the methenamine hippurate tablets market, which covers regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East and Africa.
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What Is Covered In The Methenamine Hippurate Tablets Global Market Report?
- Market Size Analysis: Analyze the Methenamine Hippurate Tablets Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Methenamine Hippurate Tablets Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Methenamine Hippurate Tablets Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Methenamine Hippurate Tablets Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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