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Preterm Birth Prevention and Management Market Trends & Forecast 2024-2034 Key players Mylan, AMAG Pharmaceuticals, Sanofi S.A, Novartis AG, Pfizer Inc.
Preterm Birth Prevention and Management Market
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Moments Matter: A Proactive Approach
"At Moments Matter, we believe every moment counts in ensuring a healthy start for every baby," a spokesperson stated. "Our name reflects our commitment to safeguarding early life. We're addressing this challenge from the ground up, empowering individuals and supporting healthcare systems to prioritize prevention and comprehensive management." The increasing demand for solutions is driven by greater awareness, a shift to personalized care, and a focus on targeted therapies. Government and non-profit efforts, like the Preterm Birth Prevention Alliance (PBPA), are also boosting market growth.
Market Growth and Innovation
The preterm birth prevention market is experiencing robust growth, with a 9.0% CAGR from 2019 to 2023, expected to accelerate to 10.2% through 2034. This growth is fueled by advancements in therapies like progesterone and corticosteroids, as well as surgical techniques. Progesterone therapy is anticipated to hold a dominant 61.5% market share in 2024, while parenteral administration is favored with a 78.8% share due to its effectiveness. Hospital pharmacies remain the leading distribution channel, securing a 56.2% market share.
Global Efforts, Local Impact
North America leads the market due to its strong healthcare infrastructure. However, significant growth is projected for Asia Pacific, especially in India, China, and Japan, with CAGRs exceeding 11.5% through 2034. These countries are seeing increased awareness and government initiatives, such as India's "Newborn Action Plan" and China's free preconception care. Japan's policy of free clinic admission for pregnant women further highlights regional dedication.
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A Future of Healthier Beginnings
Moments Matter is committed to fostering a future where every baby thrives. The collective will support research, develop new therapies, and advocate for policies prioritizing maternal and neonatal health. Recent advancements, like the FDA's authorization of Opill® (OTC oral contraceptive) in July 2023 and the approval of Abrysvo (RSV Vaccine) for expectant mothers in August 2023, show the dynamic innovation in this market. By promoting personalized care, public health awareness, and strategic collaborations with key players like Teva Pharmaceuticals and Pfizer, Moments Matter aims to significantly impact global preterm birth rates and ensure a brighter future for the next generation.
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