Interstitial Cystitis Drugs Market to Surpass US$ 323.4 Million by 2028, Says Coherent Market Insights (CMI)
SEATTLE, Oct. 27, 2021 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global interstitial cystitis drugs market is estimated to be valued at US$ 206.6 Million in 2021 and is expected to exhibit a CAGR of 6.6% over the forecast period (2021-2028).
Key Trends and Analysis of the Global Interstitial Cystitis drugs market
Increasing drug approvals by regulatory authorities is expected to drive the market growth. For Instance, in January 2021, Kyorin Pharmaceutical Co., Ltd. received approval from the Ministry of Health, Labour and Welfare to market the interstitial cystitis IV solution “Zymso Intravesical solution 50% in Japan. Zymso is indicated for improvement of symptoms of interstitial cystitis such as chronic pelvic pain, pressure, and discomfort associated with bladder and lower urinary tract symptoms.
Furthermore, key players operating in the global interstitial cystitis drugs market are focusing on adoption of inorganic growth strategies such as acquisition, partnership, and collaboration to increase their market presence in the global market.
For instance, on January 28, 2019, Purdue Pharma L.P. and Alivio Therapeutics (companies based in U.S. involved in the production for prescription medicines) confirmed a collaboration to advance one of Alivio's product candidates through clinical development, with Purdue having the option to collaborate on a limited number of additional compounds utilizing Alivio's inflammation-targeting technology known as ALV-107. The product is a non-opioid and anti-inflammatory medication for interstitial cystitis/bladder pain syndrome (IC/BPS).
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Key Market Takeaways:
The global interstitial cystitis drugs market is expected to grow at a CAGR of 6.6% during the forecast period, owing to the advent of gene therapy for the treatment of IC. According to Interstitial Cystitis Association, in 2015, TRPV-1 targeted gene therapy was studied to treat bladder pressure and pain. The animal study demonstrated a potential therapeutic effect of TRPV-1 on bladder pressure and pain behavior.
Among Region, North America is expected to lead the segment. The prevalence of IC has fueled the interstitial cystitis drugs market in the region. For instance, it was found that in the U.S. the number of cases of mild, moderate, and severe IC were reported to be 544,452, 756,184 and 211,732 respectively in 2018, which increased to around 4-12 million IC cases in 2019.
Competitive Landscape:
Key players operating in the global interstitial cystitis drugs market are Bayer AG, Eli Lilly and Co., Johnson & Johnson, Mylan NV, Novartis AG, Perrigo Co. Plc, Pfizer Inc., Seikagaku Corp., Sun Pharmaceutical Industries Ltd., and Teva Pharmaceutical Industries Ltd.
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Market Segmentation:
Global Interstitial Cystitis Drugs market, By Drugs:
Pentosan Polysulfate Sodium
Dimethyl Sulfoxide
Others
Global Interstitial Cystitis Drugs market, By Route of Administration:
Oral Therapy
Intravesical Therapy
Global Interstitial Cystitis Drugs market, By End User:
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Global Interstitial Cystitis Drugs Market, By Region:
North America
By Country
U.S.
Canada
Latin America
By Country
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Country
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Country
GCC
Israel
Rest of Middle East
Africa
By Country
South Africa
Central Africa
North Africa
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About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.
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