Oxytocic Pharmaceuticals Market Future Prospects and Forecast To 2028
Oxytocic Pharmaceuticals Market size was estimated at
USD 196.6 Mn in 2021, growing at a CAGR of 7.2% during the forecast period
2022-2028 Precision Business
Insights published a research report on “Oxytocic Pharmaceuticals Market: By Product Type (Intramuscular
Injection, Intravenous Injection), By Source (Natural Oxytocin (Animal
Pituitary Extracts), Synthetic Oxytocin), By End-User (Maternity Clinics,
Hospitals), and Geography - Global/Region/Country Forecast to
2028". Oxytocic pharmaceuticals market is expected to grow at considerable
rate during the forecast time span 2022-2028.
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Increasing
Awareness Related to Maternal Health will Propel Oxytocic Pharmaceuticals Market growth
Oxytocin is used as uterotonic
reduces the hemorrhage and induces uterine contractions after C-section. It is
a female reproductive hormone secreted in the hypothalamus and discharged into
blood circulation during the birth of the child for inducing the milk production
and labor in mothers. Oxytocic pharmaceuticals market
is categorized according to end user, region, and product type and source
globally. There are a number of factors that are projected to impel the
oxytocic pharmaceuticals market growth such as growing consciousness about
maternal health, increasing number of preterm births, rising complicated
pregnancy cases in developing countries and growing labor induction rates. On
the other hand, unfavorable effects involved with oxytocic drugs can hamper the
oxytocic drugs marekt growth over the forecast years.
Regional
Analysis - Oxytocic Pharmaceuticals Market
On the basis of regional analysis,
global oxytocic pharmaceuticals market is categorized into major regions such
as North America, Latin America, Europe, Middle East, Africa and Asia pacific.
Oxytocic pharmaceuticals market in North America is witnessing growth owing to
the factors such as increasing cases of induced labor and huge consciousness
about oxytocic drugs. Europe market is witnessing profitable growth due to the
increasing use of oxytocin during labor and the presence of several industries
manufacturing the oxytocin drugs in the region. Oxytocic pharmaceuticals market
in Asia Pacific is anticipated to record considerable growth rate because of
the growing female population in the region and increasing childbirths in
economies of these regions such as India and China. Oxytocic pharmaceuticals
market in Latin America is witnessing significant share due to the increasing
labor induction procedures and growing adolescent pregnancies in Brazil. Middle
East and Africa oxytocic pharmaceuticals market growth is fuelled by the
growing consciousness related to pregnancy-related problems amid healthcare
experts and increasing cases of post-partum hemorrhage caused because of
nutrition deficiency in pregnant women.
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Competitive Assessment
There are several key players
operating in the global oxytocic pharmaceuticals market include Pfizer, Inc.
(U.S.), Fresenius Kabi AG (Germany), Novartis AG (Switzerland), Cardinal Health
(U.S.), Ferring Pharmaceuticals B.V. (Switzerland) and Par Pharmaceutical, Inc.
(U.S.). Key players in the market aim at adopting a few efficient strategies
such as acquisitions, collaborations, mergers and new product launches for the
purpose of leveraging their position in the market and increasing their product
collection. They also focus on expanding
their business by approving new products into the market.
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