Genitourinary Drugs Market to Register a Healthy CAGR Throughout 2016 – 2024

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Genitourinary drugs are used to treat disorders affecting the kidneys, bladder, ureters, and urethra. Since long, patients suffering from disorders and infections related to genitourinary systems have been depending on steroids and immunosuppressants which are chemically synthesized and may reciprocate with some serious side effects such as insomnia, acne, nausea, vomiting, and diarrhea. As a result, patients are now turning to biological drugs that not only cause fewer to no side-effects, but are also more effective in the treatment of genitourinary infections.

The global market for genitourinary drugs is expected to expand at a healthy rate in the near future, more so in developing economies due to growing concerns about urinary incontinence and related illnesses. The U.S. continues to be the most prominent market for genitourinary drugs, followed by Japan as far as the consumption of these drugs is concerned.

Global Genitourinary Drugs Market: Trends and OpportunitiesThe report observes that the entry of novel drugs such as Cialis has been a boon in the global market for genitourinary drugs. These drugs are considerably more effective than the drugs used in multiple-drug therapies, and are affordable in cost to for the end-users. Success of Cialis has fueled the development of a number of new biological drugs for the treatment of genitourinary disorders, further propelling the global market for genitourinary drugs market. Additionally, the genitourinary drugs market is also expected to gain from increasing incidences of urinary diseases and related illness that are sexually transmitted.

Europe currently remains the second largest regional market for genitourinary drugs, however, emerging economies in Asia Pacific are anticipated to register the fastest growth rate during the forecast period. This rapid increase in demand for genitourinary drugs in Asia Pacific is due to increased disposable income (especially among the urban population), adoption of effective medicines and aggressive investment by individual governments towards improving healthcare infrastructure in those countries.

Some of the key players in the global market for genitourinary drugs include Pfizer, Astellas, Betanis, Botox, Glaxo Wellcome Plc, Anturol, GlaxoSmithKline, Eli Lilly, Bayer AG, Merck KGaA, Abbott Laboratories, Merck & Co., Agouron Pharmaceuticals Inc., Chiron Inc., Bristol-Myers Squibb Co., Connaught Laboratories Inc., Genentech Inc., Hoffman-La Roche Inc., Immunex Corp., Isis Pharmaceuticals, Pharmacia & John Inc., Quadra Logic Technologies Inc., Photofrin, Rhone Poulenc Rorer Inc., Schering Plough Corp., and Leucomax.

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