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Rising Geriatric Population Spurs Demand For Methenamine Hippurate Tablets Emerges as a Core Driver of the Methenamine Hippurate Tablets Market in 2025
Methenamine Hippurate Tablets
What Is the Expected CAGR for the Methenamine Hippurate Tablets Market Through 2025?
The methenamine hippurate tablets market has seen a robust expansion in recent years. The market is expected to surge from $9.52 billion in 2024 to $10.11 billion in 2025, illustrating a compound annual growth rate (CAGR) of 6.2%. Factors such as conventional UTI treatment, worries about antibiotic resistance, clinical validation, the prescription habits of doctors, and a preference by patients for non-antibiotic solutions, have all contributed to the growth during the historic period.
What's the Projected Size of the Global Methenamine Hippurate Tablets Market by 2029?
The market size for methenamine hippurate tablets is projected to witness robust expansion in the upcoming years, reaching $13.47 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 7.4%. The expected growth throughout the forecast period is linked to increasing UTI occurrences, heightened concerns around antibiotic resistance, advancements in UTI management, emphasis on preventive medical treatments, and ongoing clinical research and trials. The forecast period is expected to see several trends, including a surge in UTI cases, increased antibiotic resistance, inclination towards non-antibiotic therapies, emphasis on preventive healthcare, and persistent research and advancement.
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Top Growth Drivers in the Methenamine Hippurate Tablets Industry: What's Accelerating the Market?
The burgeoning population of elderly individuals is projected to propel the growth of the methenamine hippurate tablets market. The term geriatric population refers to individuals aged 60 years and older, a group that is more susceptible to urinary tract infections due to factors like reduced urine flow, enlarged prostate, or kidney stones. Therefore, there exists a need for methenamine hippurate tablets to address these conditions. For example, the World Health Organization, a UN body based in Switzerland that focuses on global public health, predicts that by 2030, one in every six people worldwide will be 60 years or older. In 2022, the global population of those over 60 was 1.4 billion. It is forecasted that the worldwide population of those 60 or older will double by 2050, reaching 2.1 billion, and the population of those 80 or older is expected to triple to 426 million by then. Hence, the escalating geriatric population is fueling the growth of the methenamine hippurate tablets market.
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What Are the Key Trends Driving Methenamine Hippurate Tablets Market Growth?
The emergence of product innovations is a significant trend gaining traction in the methenamine hippurate tablets industry. Major firms in this sector are creating innovative products to consolidate their market position. For example, in May 2023, EQL Pharma, a Europe-based pharmaceutical enterprise emphasizing the development and sale of cost-effective generic drugs and niche generics to hospitals and pharmacies, proclaimed the out-licensing of Memprex (methenamine hippurate) to Laboratoires Majorelle, aiming to widen its reach and provide a non-antibiotic alternative for UTI prevention within the French market. Laboratoires Majorelle, a notable company in France's women's health sector, took on the task to market and distribute Memprex, thus extending a non-antibiotic option for preventing UTIs.
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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