The global oxytocic pharmaceuticals market size is projected to expand at USD 908.53 billion by 2028 at a CAGR of 13.74% during the forecast period. The growth of the market is attributed to child birth and issues related to it.
Oxytocic is a drug used at the end of pregnancy during labor pain and post-delivery which induce to take a selective action on the contraction of smooth musculature of the uterus. Oxytocin is a female reproductive hormone, produced in the hypothalamus and released into bloodstream during childbirth. This hormone induces labor and milk production in a lactating mother.
Drug also monitors the conditions such as post-mature birth, uterine atony, and pre-eclampsia (hyper tension) during pregnancy. World Health Organization states that, every year more than 15 million babies are born prematurely, and this number of preterm births is expected to increase in the coming years. Increasing incidence of preterm births and rising rates of labor induction are the primary factors fueling demand for the global oxytocic pharmaceuticals market.
The report on the global Oxytocic Pharmaceuticals market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Oxytocic Pharmaceuticals Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Natural Oxytocin and Synthetic Oxytocin Derivative) and Applications (Abortion Induced Incomplete, Inevitable Abortion, Post-partum Hemorrhage, Labor Induction, and Labor Arrest) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Fresenius Kaci, Biofutura, Baxter, Pfizer, and Ferring, Novartis, and Teva. |
Based on types, the global oxytocic pharmaceuticals market is fragmented as natural oxytocin and synthetic oxytocin derivative. The synthetic segment is projected to expand at a rapid pace during the forecast period. Medical professionals from around the world recommend synthetic-based oxytocic pharmaceuticals over natural since oxytocic pharmaceuticals originating from synthetic sources can boost the momentum of decelerated labor by IV administration.
On the basis of applications, the global oxytocic pharmaceuticals market is segregated into abortion induced incomplete, inevitable abortion, post-partum hemorrhage, labor induction, and labor arrest. The labor induction segment is anticipated to hold major market share during the forecast period. Oxytocic drugs are used after the birth and if the patient is unable to deliver the child. The drug helps in reducing the pain and stops the bleeding which takes place post child birth. Other use of the drug is when a patient is experiencing hyper tension during the delivery time.
In terms of regions, the global oxytocic pharmaceuticals market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is subjected to hold major share during the forecast period. In North America, oxytocic pharmaceuticals are majorly used for postpartum hemorrhage, which is one of the most-prominent indication among labouring women in the US and Canada. The market in Europe is expected to grow at a rapid pace, due to the rise in oxytocin administration in response to the increasing number of elective caesareans.
The market in Asia Pacific is estimate to grow parallelly due to the high population and high birth rate. India and China are the leading in these factors. Prevalence of post-partum hemorrhage is 8.5% in Asian countries. China's single child policy to two children policy is estimated to increase the incidence of post - partum hemorrhage.
The global oxytocic pharmaceuticals market is segmented on the basis of
Major players in the global oxytocic pharmaceuticals market include Fresenius Kaci, Biofutura, Baxter, Pfizer, Ferring, Novartis, and Teva. These companies are investing in the research and development of the oxytocic. Business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches are used by major players to increase their market shares. The United Nations is focused on achieving the global maternal mortality ration target of less than 70 per 100000 live births under its project (Sustainable Development Goal 2030).
The global oxytocic pharmaceuticals market is segmented on the basis of
Major players in the global oxytocic pharmaceuticals market include Fresenius Kaci, Biofutura, Baxter, Pfizer, Ferring, Novartis, and Teva. These companies are investing in the research and development of the oxytocic. Business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches are used by major players to increase their market shares. The United Nations is focused on achieving the global maternal mortality ration target of less than 70 per 100000 live births under its project (Sustainable Development Goal 2030).
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