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Key Trends Influencing the Growth of the Methenamine Hippurate Tablets Market in 2025: Product Innovation Transforms The Methenamine Hippurate Tablets Market
Methenamine Hippurate Tablets Market
What Is the Expected CAGR for the Methenamine Hippurate Tablets Market Through 2025?
In recent years, the market size of methenamine hippurate tablets has experienced strong growth. It is projected to rise from $9.52 billion in 2024 to $10.21 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.2%. This growth during the historic period can be credited to various factors such as conventional treatment for UTI, worries about antibiotic resistance, clinical substantiation, physician's pattern of prescriptions, and patient preference for solutions that do not include antibiotics.
What's the Projected Size of the Global Methenamine Hippurate Tablets Market by 2029?
In the coming years, a robust expansion is projected for the methenamine hippurate tablets market, with a size forecast reaching $13.78 billion by 2029, representing a compound annual growth rate (CAGR) of 7.8%. The surge in growth over the predicted period is due to factors such as the increasing cases of UTIs, escalating concerns over antibiotic resistance, advancements in the management of UTIs, the healthcare sector's emphasis on preventive treatments, as well as ongoing clinical trials and research. The main trends during the forecast period will be the heightened incidence of UTIs, growing antibiotic resistance, preference for treatments that do not involve antibiotics, focus on preventive healthcare, and increased research and development efforts.
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Top Growth Drivers in the Methenamine Hippurate Tablets Industry: What's Accelerating the Market?
The surge in the elderly population is anticipated to fuel the expansion of the methenamine hippurate tablets market. The term elderly population pertains to individuals aged 60 and over. Being more susceptible to urinary tract infections due to factors like diminished urine flow, enlarged prostate, or kidney stones, older patients require methenamine hippurate tablets for these ailments. For example, as the World Health Organization, the global public health arm of the United Nations based in Switzerland, notes, one out of six people worldwide will be at least 60 years old by 2030. In addition, in 2022, the global population aged 60 and above reached 1.4 billion. By 2050, it is predicted there will be twice as many people aged 60 and older (2.1 billion). The number of individuals aged 80 and above is expected to triple, amounting to 426 million. As such, the escalating elderly population is a significant factor propelling the growth of the methenamine hippurate tablets market.
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What Trends Will Shape the Methenamine Hippurate Tablets Market Through 2029 and Beyond?
The introduction of product innovations is a crucial trend that's catching on in the methenamine hippurate tablets sector. Dominant companies in the marketplace for methenamine hippurate tablets are bringing inventive products to the fore to consolidate their market stand. To illustrate, EQL Pharma, a European pharmaceutical company with a focus on creating and selling affordable generic and niche drugs to pharmacies and hospitals, in May 2023, made public their out-licensing of Memprex (methenamine hippurate) to Laboratoires Majorelle for its distribution in France. This move enhances its reach and introduces an alternative to antibiotics for preventing UTIs. Laboratoires Majorelle is a reputable firm in women's health in France, assigned to market and distribute Memprex, further adding a non-antibiotic approach for UTI prevention.
What Are the Main Segments in the Methenamine Hippurate Tablets Market?
The methenamine hippurate tablets market covered in this report is segmented -
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
Subsegments:
1) By 20 Tablets per Bottle: Standard Packaging, Bulk Packaging Options
2) By 6 Tablets per Bottle: Standard Packaging, Sample Or Trial Packaging
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Which Top Companies are Driving Growth in the Methenamine Hippurate Tablets Market?
Major companies operating in the methenamine hippurate tablets market include 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
Which Regions Will Dominate the Methenamine Hippurate Tablets Market Through 2029?
North America was the largest region in the methenamine hippurate tablets market in 2024. The regions covered in the methenamine hippurate tablets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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