Market Overview:
Endometriosis is a medical condition in which tissue similar to the lining of the uterus grows outside the uterus. This causes painful periods, pain with intercourse, pain with bowel movements or passing urine, excessive bleeding and fatigue. Treatment aims to relieve pain and improve quality of life. Treatments include medication like hormonal therapy and pain relievers, surgery to remove lesions and implants, and lifestyle changes. The market is growing due to rising awareness about endometriosis diagnosis and treatment through advocacy groups and social media campaigns.
The global Endometriosis Treatment Market is estimated to be valued at US$ 3,260.6 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
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Market key trends:
One of the key trends in the endometriosis treatment market is increased research on novel drug therapies. Currently available drugs like hormonal contraceptives have side effects. Researchers are developing new drugs that specifically target endometrial lesions to reduce pain and halt disease progression with minimal side effects. Another trend is the use of robotic-assisted laparoscopic surgeries for more precise excision of endometrial growths. This leads to fewer complications and better clinical outcomes compared to traditional laparoscopy. Growing awareness about endometriosis is also prompting more women to actively manage their condition through lifestyle changes and seeking prompt treatment.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the endometriosis treatment market is low as it requires high RD investments and regulatory approvals to enter this market.
Bargaining power of buyers: The bargaining power of buyers is moderate due to the availability of alternative treatment options for endometriosis.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as the key players in this market have established supply networks.
Threat of new substitutes: The threat of substitutes is low given that there are limited treatment alternatives currently available for endometriosis.
Competitive rivalry: High as the market has the presence of several patented drugs and surgical procedures.
Key Takeaways
The global endometriosis treatment market is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing awareness about the disease and availability of various drugs and treatment options.
Regional analysis
North America dominates the global endometriosis treatment market and is expected to continue its dominance over the forecast period owing to the rising prevalence of endometriosis in the US and Canada. Europe is also a major market for endometriosis treatment due to higher treatment rates and available healthcare infrastructure in the region.
Key players
Key players operating in the endometriosis treatment market are Astra Zeneca Plc., Eli Lilly and Company, AStellas Pharma, Bayer AG, Meditrina Pharmaceuticals, Abbvie, PfizerInc, Takeda Pharmaceutica, and Neurocrine Biosciences Inc. Astra Zeneca and Pfizer have a strong product portfolio for endometriosis treatment.