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Methenamine Hippurate Tablets Market Size, Share Analysis And Forecast Report 2024 To 2033
Methenamine Hippurate Tablets Market
The methenamine hippurate tablets market size is expected to see strong growth in the next few years. It will grow to $12.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growing uti prevalence, rising antibiotic resistance concerns, advancements in uti management, healthcare focus on preventive therapies,clinical trials and research. Major trends in the forecast period include increased uti incidence, rising antibiotic resistance, preference for non-antibiotic treatments, focus on preventive healthcare, research and development.
Market Overview -
Methenamine hippurate tablets are used as a medicine to prevent or control recurring urinary tract infections caused by specific bacteria. It is not used for any other active infections.
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Rising Geriatric Population Spurs Demand For Methenamine Hippurate Tablets
An increasing geriatric population is expected to boost the growth of the methenamine hippurate tablets market going forward. Geriatric population refers to the population of older people of 60 years and above. Geriatric patients are more vulnerable to urinary tract infections due to a variety of factors such as decreased urine flow, an enlarged prostate, or kidney stones, thus methenamine hippurate tablets are required to treat these conditions. For instance, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations responsible for international public health, one in six individuals on the planet will be 60 or older by 2030. In 2021, there were 1.4 billion people over the age of 60. The number of persons who are 60 years or older globally will double by 2050 (2.1 billion). The number of people who are 80 years or older is projected to treble, reaching 426 million. Therefore, the increasing geriatric population is driving the growth of the methenamine hippurate tablets market.
Competitive Landscape -
Major companies operating in the methenamine hippurate tablets market report are Validus Pharmaceuticals LLC, Alvogen Lux Holdings S.ÀR.L., Micro Labs Inc., Aurobindo Pharma, Edenbridge Pharmaceuticals LLC, Kreative Organics, CorePharma LLC, Amneal Pharmaceuticals Inc., Viatris Inc., County Line Pharmaceuticals, Mylan N.V., McKesson Corporation, Nuray Chemicals Private Limited, Chemische Fabrik Berg GmbH, Siegfried AG, 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., Ajanta Pharma Ltd., Teva Pharmaceutical Industries Ltd., Apotex Pharmachem Inc., Taro Pharmaceutical Industries Ltd., Sandoz International GmbH .
Product Innovation Transforms The Methenamine Hippurate Tablets Market
Product innovations have emerged as the key trend gaining popularity in the methenamine hippurate tablets market. Major companies operating in the methenamine hippurate tablets market are developing innovative products to strengthen their position in the market. For instance, in August 2021, Custex, a US-based urinary health brand, launched Cystex Ultra Protection. The unique features of Cystex Ultra Protection include probiotics, cranberries, vitamin A, and bio-shield technology. The Cystex Ultra Protection is intended to treat recurrent UTIs and maintain urinary tract health in more than 90% of women.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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