The 7 major menorrhagia markets reached a value of US$ 970 Million in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 1,380 Million by 2034, exhibiting a growth rate (CAGR) of 3.26% during 2024-2034.
Report Attribute
|
Key Statistics
|
---|---|
Base Year |
2023
|
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
|
Market Size in 2023
|
US$ 970 Million |
Market Forecast in 2034
|
US$ 1,380 Million |
Market Growth Rate 2024-2034 | 3.26% |
The menorrhagia market has been comprehensively analyzed in IMARC's new report titled "Menorrhagia Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Menorrhagia is a medical term used to describe prolonged or abnormally heavy menstrual bleeding in women. It refers to menstrual periods that involve excessive blood loss, typically exceeding 80 milliliters or lasting longer than seven days. This condition can be distressing and may interfere with a woman's daily activities and quality of life. The common symptoms associated with the ailment include abdominal pain, passing blood clots that are the size of a quarter or bigger, fatigue, weakness, shortness of breath, pale skin, intense cramping, etc. To diagnose menorrhagia, a healthcare provider may review the woman's medical history, conduct a physical examination, and suggest additional tests, such as blood workups, to check for anemia or hormonal imbalances. A transvaginal ultrasound, which involves inserting a probe into the vagina to obtain pictures of the uterus and ovaries to help in identifying structural abnormalities, is also utilized among patients. The doctor may further recommend several diagnostic procedures, including magnetic resonance imaging, hysteroscopy, endometrial biopsy, etc., to rule out other possible causes and validate a diagnosis.
The rising incidences of hormonal imbalances, particularly between estrogen and progesterone, that can disrupt the normal menstrual cycle and lead to heavy bleeding are primarily driving the menorrhagia market. In addition to this, the increasing prevalence of various associated risk factors, such as the use of intrauterine devices, blood clotting disorders, endometrial polyps, etc., is also bolstering the market growth. Furthermore, the widespread adoption of nonsteroidal anti-inflammatory drugs, including ibuprofen and naproxen sodium, to reduce menstrual bleeding and alleviate pain is acting as another significant growth-inducing factor. Apart from this, the escalating application of minimally invasive endometrial ablation therapy for women who prefer non-hormonal treatment, owing to its numerous advantages, such as rapid recovery time, cost-effectiveness, and improved quality of life, is also creating a positive outlook for the market. Additionally, the emerging popularity of uterine artery embolization techniques for treating this disease condition, since they block the blood flow to the uterus by injecting tiny particles into the uterine arteries, leading to symptom relief, is expected to drive the menorrhagia market in the coming years.
IMARC Group's new report provides an exhaustive analysis of the menorrhagia market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for menorrhagia and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the menorrhagia market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current menorrhagia marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
---|---|
Lysteda (Tranexamic acid controlled release) | Amring Pharmaceuticals |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Menorrhagia: Current Treatment Scenario, Marketed Drugs and Emerging Therapies