Global Interstitial Cystitis Drugs Market Size By Type (Oral Therapy, Intravesical Therapy), By Sales Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Geographic Scope And Forecast
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Interstitial Cystitis Drugs Market Size By Type (Oral Therapy, Intravesical Therapy), By Sales Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Geographic Scope And Forecast
Interstitial Cystitis Drugs Market Size And Forecast
Interstitial Cystitis Drugs Market size was valued at USD 356.64 Million in 2024 and is projected to reach USD 508.44 Million by 2031, growing at a CAGR of 5.00% from 2024 to 2031.
The high prevalence of interstitial cystitis is driving the global Interstitial Cystitis Drugs Market. The advent of gene therapy is positively impacting the global market. Moreover, these drugs are expensive and cause many side effects. This is encouraging companies to establish innovative treatment options such as regenerative therapy and gene therapy as these drugs cause lesser side effects compared to the conventional off-label drugs already available in the market. The Global Interstitial Cystitis Drugs Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Interstitial Cystitis Drugs Market Definition
Interstitial cystitis (IC), commonly referred to as painful bladder syndrome, is a chronic bladder issue often associated with bladder pressure and pain, as well as occasional pain in the lower back, pelvis, or lower abdomen. The patient could experience pain ranging from mild to severe. The pelvic nerve signal to the brain gets mixed up in an individual suffering from interstitial cystitis. Consequently, an urgency to urinate, often in a small volume, is observed. On average, a person urinates seven times a day; however, in severe cases of IC, urination may occur around 40-60 times a day. IC is not an infection but is often mistaken to be a bladder infection. Interstitial cystitis is caused by a defect of the epithelium layer of the bladder, leaking epithelium allows toxic substances in urine to irritate the bladder wall.
Oral therapy and intravesical therapy are the first- and second-line choices for treating interstitial cystitis, respectively. However, no one treatment is effective for all patients. The course of treatment is determined by each patient’s symptoms. To eliminate the symptoms, the majority of patients try various treatments (or treatment combinations). There are currently just two approved drugs for treating interstitial cystitis, ELMIRON, and RIMSO-50 (dimethyl sulfoxide). These drugs have been shown to be more effective than symptomatic treatments. But the price of these drugs is high. Therefore, a lot of patients take off-label drugs largely to relieve the symptoms of the disease.
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Global Interstitial Cystitis Drugs Market Overview
The high prevalence of interstitial cystitis is driving the global Interstitial Cystitis Drugs Market. The advent of gene therapy is positively impacting the global market. Most of the approved and off-label drugs for interstitial cystitis are small molecules, which cannot completely cure the disease, have side effects on the patients, and are expensive. Patients suffering from interstitial cystitis experience symptoms such as lower urinary tract issues and bladder pain. Women are highly affected by this condition. Numerous comorbidities, including allergies, fibromyalgia, and endometriosis, are linked to this condition.
The increasing number of interstitial cystitis cases is driving the demand for interstitial cystitis drugs. Owing to the disadvantages of available drugs for interstitial cystitis, companies are developing innovative treatment options such as regenerative therapy and gene therapy that have fewer side effects. The development of such therapies will drive demand. Thus, the high prevalence of interstitial cystitis coupled with the advent of gene therapy will drive the Interstitial Cystitis Drugs Market size growth during the forecast period.
The major challenge for Interstitial Cystitis is that though there are several types of treatment available, no one treatment is universally acceptable. The lack of FDA approval for drugs is a major restraining factor for the Global Interstitial Cystitis Drugs Market. However, the Interstitial Cystitis Drugs Market is currently weak owing to limitations regarding the efficacy and compliance of available products. Limited approved treatment options, a lack of knowledge, and the demand for disease-modifying treatments are additional factors.
Global Interstitial Cystitis Drugs Market Segmentation Analysis
The Global Interstitial Cystitis Drugs Market is segmented on the basis of Type, Sales Channel, and Geography.
Interstitial Cystitis Drugs Market, By Type
- Oral Therapy
- Intravesical Therapy
To Get Summarized Market Report By Type-
Based on Type, the market is bifurcated into Oral Therapy, and Intravesical Therapy. Oral Therapy accounted for the largest market share of 56.96% in 2020, with a market value of USD 674.05 Million, and is projected to grow at a CAGR of 4.44% during the forecast period. Intravesical Therapy was the second-largest market in 2020, valued at USD 509.25 Million in 2020.
Interstitial Cystitis Drugs Market, By Sales Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Based on the Sales Channel, the market is bifurcated into Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies. Hospital Pharmacies accounted for the largest market share of 67.69% in 2020, with a market value of USD 800.99 Million, and is projected to grow at a CAGR of 4.52% during the forecast period. Retail Pharmacies were the second-largest market in 2020, valued at USD 309.48 Million in 2020.
Interstitial Cystitis Drugs Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
To Get Summarized Market Report By Geography-
On the basis of Geography, the Global Interstitial Cystitis Drugs Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America accounted for the largest market share of 37.06% in 2020, with a market value of USD 438.47 Million, and is projected to grow at a CAGR of 4.81% during the forecast period. Europe was the second-largest market in 2020, valued at USD 341.04 Million in 2020.
Key Players
The “Global Interstitial Cystitis Drugs Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Pfizer, Johnson & Johnson, Kyorin Pharmaceutical, UCB Pharma, Astellas Pharma, Bayer, Eli Lilly, Lipella Pharmaceuticals, Seikagaku Corporation, and Grünenthal. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In January 2021, The Ministry of Health, Labour and Welfare (hereinafter “MHLW”) had given Kyorin Pharmaceutical Co., Ltd. permission to market interstitial cystitis “Zymso® Intravesical Solution 50%” (hereinafter “Zymso”) in Japan. Kyorin Pharmaceutical Co., Ltd. is a wholly-owned subsidiary of KYORIN Holdings, Inc.
- In April 2021Kyorin Pharmaceutical Co., Ltd. a wholly owned subsidiary of KYORIN Holdings, Inc., launched Interstitial cystitis “Zymso® Intravesical Solution 50%” (hereinafter “Zymso”).
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Interstitial Cystitis Drugs Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global Interstitial Cystitis Drugs Market, gauge the attractiveness of a certain sector, and assess investment possibilities.