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Urinary tract infections (UTIs) are among the most common bacterial infections prevalent across the globe. UTIs occur due to the presence of harmful bacteria in the urinary tract and can affect people of all ages. Antibiotics, antimicrobials, and other therapeutics are extensively used for prevention and treatment of UTIs. Antibiotics such as penicillin, cephalosporin and quinolones are effective in fighting most types of UTI-causing bacteria. Due to the recurrent nature of UTIs, long term preventive care is required for many patients taking recurring doses of antibiotics and antimicrobials. The high recurrence rate of UTIs contributes significantly to the growing demand for UTI therapeutic drugs and medications.
The global Urinary Tract Infection Therapeutic Market is estimated to be valued at US$ 8,665.5 Mn in 2023 and is expected to exhibit a CAGR of 3.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the urinary tract infection therapeutics market is the rising focus on development of novel anti-microbials and targeted drug delivery systems. Conventional antibiotics are losing effectiveness against multi-drug resistant uropathogens. This has prompted researchers to focus on designing new classes of anti-microbial molecules with innovative mechanisms of action. Additionally, targeted drug delivery systems are being explored to achieve higher drug concentrations at infection sites and minimize systemic exposure and side effects. For example, intravesical administration of antibiotics directly into the bladder helps achieve high mucosal drug levels with low systemic absorption. Development of such novel anti-microbial approaches and advanced drug delivery technologies will play a crucial role in managing antibiotic resistance in the future.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the urinary tract infection therapeutic market is low as it requires substantial investment and R&D to develop new drugs and gain regulatory approvals.
Bargaining power of buyers: The bargaining power of buyers is moderate due to the presence of several established brands for the treatment of urinary tract infections.
Bargaining power of suppliers: The bargaining power of suppliers is low as there are many players in the market that can supply raw materials for developing urinary tract infection therapeutics.
Threat of new substitutes: The threat of substitutes is low as there are limited treatment options available for urinary tract infections.
Competitive rivalry: The competitive rivalry in the market is high due to the presence of several global and regional players.
Key Takeaways
The global urinary tract infection therapeutic market is expected to witness high growth. The global Urinary Tract Infection Therapeutic Market is estimated to be valued at US$ 8,665.5 Mn in 2023 and is expected to exhibit a CAGR of 3.0% over the forecast period 2023 to 2030.
Regional analysis: North America is expected to dominate the global market during the forecast period owing to the high prevalence of UTI, increasing healthcare expenditure, and presence of major market players in the region.
Key players related content: Key players operating in the urinary tract infection therapeutic market are Pfizer, Novartis AG, Cipla Inc., Bayer AG, AstraZeneca, Shionogi & Co. Ltd., and GlaxoSmithKline PLC, among others.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
