The Oxytocic Pharmaceuticals Market Size was valued at USD 110.26 billion in 2022 and is expected to reach USD 204.09 billion by 2030, and grow at a CAGR of 8% over the forecast period 2023-2030.
The oxytocic pharmaceuticals market is a rapidly growing sector within the healthcare industry. Oxytocic drugs are primarily used to induce or augment labor during childbirth, manage postpartum hemorrhage, and prevent or treat miscarriages. These medications play a crucial role in ensuring safe and successful deliveries, making them essential in maternal healthcare.
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One of the key factors driving the growth of the oxytocic pharmaceuticals market is the increasing global birth rate. As population numbers continue to rise, there is a higher demand for safe and effective methods to manage labor and delivery complications. Additionally, advancements in medical technology have led to improved understanding of oxytocin’s role in childbirth, further fueling the demand for these drugs.
Furthermore, governments and healthcare organizations worldwide are focusing on reducing maternal mortality rates and improving overall maternal health outcomes. Oxytocic pharmaceuticals play a vital role in achieving these goals by preventing excessive bleeding during childbirth, which is one of the leading causes of maternal deaths.
KEY MARKET SEGMENTS
By Indication
- Abortion Induced Incomplete
- Post-partum Haemorrhage
- Labour Induction
- Inevitable Abortion
- Labour Arrest
By Route of administration
- Intramuscular Injection
- Intravenous Infusion/Injection
By Source of Origin
- Synthetic Oxytocin Derivative
- Natural Oxytocin
By End-User
- Hospitals
- Maternity clinics
Major Players Listed in the Report are as Follows:
Fresenius Kaci, App Pharmaceuticals LLC, Biofutura, Abbott laboratories, Teva Pharmaceutical Industries, JHP Pharmaceuticals LLC, Baxter Healthcare, Pfizer, Novartis, Ferring & Other Players
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