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Preterm Labor Treatment Market

Preterm Labor Treatment Market

  • July 2019
  • 132 pages
  • ID: 6019149
  • Format: PDF
  • Straits Research

Summary

Table of Contents

The global preterm labor treatment market was valued at USD 795.75 million in 2019 and is expected to grow at a CAGR of 5.1% during the forecast period, 2020–2029.

Prevalence of premature birth is growing worldwide due to lack of adequate health care and less exposure to antennatal health check-up during pregnancy. With rising hectic lives and lifestyle-related pressures, women are becoming more likely to consider a number of ways to alleviate or relive stress. In several research, it has been shown that the preterm labour rate is high among heavy and moderate smokers relative to average individuals. For instance, according to the American Pregnancy Association, more than 1000 neonatal dies each year due to smoking in the U.S. and the number is likely to surge in the coming years. Besides, Rising incidences of chronic diseases such as high blood pressure and diabetes among younger women across the globe are leading to an increasing market for pre-term labour care. According to the International Diabetics Federation, in 2019, a 20 million or 16% of live births had some form of hyperglycaemia in pregnancy and an estimated 84% were due to gestational diabetes. However, lack of awareness about preterm labor diagnosis in developing regions is hampering the market growth significantly.

Tocolytic drugs segment dominated the market by drug, accounting for the largest revenue share of around 43% in 2019

Based on drug, the global preterm labor treatment market can be segmented into natural type colloids and synthetic type colloids.

Tocolytic medications are used to slow down uterine contractions and postpone delivery for a limited period to buy more time for corticosteroids and magnesium sulphate therapy. Extended time also allows the patient to explore alternative care choices, and is one of the primary reasons boosting demand for tocolytic medications. Physicians administer these medications to combat maternal instability, preeclampsia, placental abruption, gene defects, and intrauterine infection. For example, as per the American Alliance, Preterm Premature Membrane Breakdown (pPROM) is responsible for 30-40% of preterm births and affects 150,000 women a year in the United States. AstraZeneca, Lannett Lamaze International, Stragen Pharma SA, Zuventus HealthCare Ltd and Dexa Medica are some of the leading tocolytic drug manufacturers.

Injections amongst dosage form segment dominated the market in terms of revenue in 2019 and is expected to grow at highest CAGR of 5.5% in the forecast

Based on dosage form, the global preterm labor treatment market is be segmented into tablets and capsules, injection, and others.

Injections are used for the prompt release of medications under critical circumstances during preterm labour therapy for accelerated onset of action. Thus, whether the patient is unconscious or in any kind of emergency, the injection dose method is the preferred option for the administration of medications in pre-term labour care. Corticosteroids, such as dexamethasone, are available in the market for immediate action in the injection delivery form. Parenteral therapy is necessary for pre-term labour treatment for some medicines that are not effective through oral route of administration in the form of tablets and capsules and require injection; for example, magnesium sulphate, taken orally, might induce bowel movement within 30 minutes.

Hospitals to lead end user segment

Based on end user, the global preterm labor treatment market is be segmented into hospitals, nursing homes, and others.

The hospital sector has a large market share due to the massive availability and penetration of government and private hospitals across the globe. A variety of specialised facilities are now offered in hospitals with centralised diagnostic centres. According to the American Hospital Association, the overall number of hospital beds in the United States rose by 8.4% in 2017 relative to 2015. This is further reinforced by the development of the health care infrastructure of developing countries, including North America and Europe, which plays a major part in the overall reimbursement of medical costs. For instance, the European Health Insurance Card (EHIC) or the Provisional Replacement Certificate (PRC) covers medical costs and takes the appropriate steps to reduce costs in the event of high-risk pregnancy. Gynecologists have been observed to administer more intravenous and intramuscular immediate effects drugs. In line with the growing cost of hospital life for premature babies, the industry is expected to see substantial growth in the coming years.

America is the largest geographical market in terms of revenue and is anticipated to grow at a CAGR of 4.5% during the forecast period

North America has a large share of the worldwide pre-term labour market. This can be due to a moderate incidence of premature birth, a high level of health care spending, a high level of understanding among parents, a significant number of women who smoke, and a high level of approval of IVF. With the rapid adoption of progressive technologies such as IVF in the region, the prevalence of premature birth has also amplified coupled with numerous complications during pregnancy. To cover these complications, physician are prescribing a range of preterm medicines. Numerous government bodies and NGOs are working towards reducing the premature birth by funding and promoting advantages of regular check-up during pregnancy. For instance, since 2004, the March of Dimes, a non-profit organization in the U.S., has been financing for research based on the causes of premature birth

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