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Genitourinary Drugs Market Record an Exponential CAGR by 2024
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Increased demand of generics, continual patent expiration and the presence of counterfeit drugs is expected to impede the global genitourinary drug market. Earlier, patients suffering from the genitourinary system were provided with steroids and immunosuppressant, but it caused serious side effects such as diarrhea, nausea, and vomiting. To overcome side effects biological drugs turned up that may cause fever only and are highly efficient in the treatment of genitourinary infections.
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As of January 2014, about 3 million men had a history of prostate cancer, 608,620 had urinary bladder cancer, and 244,110 testicular cancer survivors were in the US. It is estimated that by 2024, the population of cancer survivors will increase almost 19 million. Technological advancement in genitourinary devices and rising concern about urinary health is anticipated to accelerate the growth of global genitourinary drug market.
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The global genitourinary drug market is segmented, by indication and product type. Based on the indication the global genitourinary drugs market is segmented into genitourinary cancer, kidney/renal cancer, ovarian cancer, bladder cancer, cervical cancer, prostate cancer, erectile dysfunction, urinary tract infections, sexually transmitted diseases, interstitial cystitis and others. Prostate cancer share is high in the indication segment.
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