Robust Pipeline of Drugs and Successive Launch of Novel Therapies to Bolster Asia Pacific Overactive Bladder Treatment
In December 2020, a new drug application was approved for Gemtesa, a beta 3-agonist and a novel treatment for overactive bladder in adults. Gemtesa (vibegron), provided by Urovant Sciences, helps in relaxing the detrusor bladder muscle, which enables the bladder to hold more urine; the relaxation of this muscle reduces overactive bladder symptoms. It is a once-daily pill and the first overactive bladder medication that does not require dose titration. Many universities and academic institutions are conducting robust research and development activities on novel molecules to treat OAB. For instance, the Yonsei University College of Medicine and Severance Hospital, Seoul, South Korea, is evaluating DA8010, a novel muscarinic M3 receptor antagonist. In September 2021, the university published that in the phase 2 trial, the M3 antagonist DA8010 was demonstrated for the efficacy and safety of overactive bladder treatment. The robust pipeline of drugs for overactive bladder treatment and the successive launch of novel drugs and therapies are expected to drive the growth of the Asia Pacific overactive bladder treatment market in the coming years.
Asia Pacific Overactive Bladder Treatment Market Overview
The Asia Pacific overactive bladder treatment market is segmented into China, Japan, India, South Korea, Australia, South Korea, and the Rest of Asia Pacific. The market growth is attributed to the rising geriatric population, increasing urinary incontinence cases, and a growing number of product launches. Overactive bladder is caused due to abdominal trauma, urinary infection, urinary incontinence, and nerve damage. According to National Centre for Biotechnology (NCBI), in 2019, 1 in 5 individuals above 40 years was identified with symptoms of overactive bladder syndrome in China. The Chinese Medical Journal stated that the rate of overactive bladder cases was 5.9% among people over 18 years in 2019. According to World Health Organization, people aged 60 years in China are expected to grow from 10% in 2021 to 28% by 2041. Further, as per the World Population Aging 2019, in Hong Kong, people aged 60 years and older accounted for 17.5% of the total population in 2019. With the growing geriatric population, the number of patients having an overactive bladder and urinary tract infection is expected to increase in the coming years. All these factors are contributing to the Asia Pacific overactive bladder treatment market growth.
Asia Pacific Overactive Bladder Treatment Market Segmentation
The Asia Pacific overactive bladder treatment market is segmented on the basis of pharmacotherapy, disease type, and country.
Based on pharmacotherapy, the Asia Pacific overactive bladder treatment market is segmented into anticholinergics, mirabegron, botox, neurostimulation, and intravesical instillation. The mirabegron segment registered the largest share of the Asia Pacific overactive bladder treatment market in 2022.
Based on disease type, the Asia Pacific overactive bladder treatment market is bifurcated into idiopathic overactive bladder and neurogenic bladder. The idiopathic overactive bladder segment held a larger share of the market in 2022.
Based on country, the Asia Pacific overactive bladder treatment market is segmented into China, Japan, India, South Korea, Australia, South Korea, and the Rest of Asia Pacific. China dominated the market in 2022.
AbbVie Inc; Alembic Pharmaceuticals Limited; Astellas Pharma Inc; Endo Pharmaceuticals Inc.; Hisamitsu Pharmaceutical Co., Inc.; Medtronic Plc; Pfizer Inc; and Teva Pharmaceutical Industries Ltd are the leading companies operating in the Asia Pacific overactive bladder treatment market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 871.48 Million |
| Market Size by 2028 | US$ 1,082.25 Million |
| CAGR (2022 - 2028) | 3.7% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Pharmacotherapy
|
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Regions and Countries Covered
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| Asia-Pacific | China, India, Japan, Australia, Rest of Asia-Pacific |
| Market leaders and key company profiles |
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The Asia Pacific Overactive Bladder Treatment Market is valued at US$ 871.48 Million in 2022, it is projected to reach US$ 1,082.25 Million by 2028.
As per our report Asia Pacific Overactive Bladder Treatment Market, the market size is valued at US$ 871.48 Million in 2022, projecting it to reach US$ 1,082.25 Million by 2028. This translates to a CAGR of approximately 3.7% during the forecast period.
The Asia Pacific Overactive Bladder Treatment Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Overactive Bladder Treatment Market report:
The Asia Pacific Overactive Bladder Treatment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Overactive Bladder Treatment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Overactive Bladder Treatment Market value chain can benefit from the information contained in a comprehensive market report.
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