LONDON--(BUSINESS WIRE)--The global bacterial vaginosis (BV) drugs market is expected to grow at a CAGR of more than 2% during the forecast period, according to Technavio’s latest report.
In this report, Technavio covers the market outlook and growth prospects of the global bacterial vaginosis drugs market for 2017-2021. The market is segmented based on ROA, which includes oral and topical and geography, which includes the Americas, EMEA, and APAC.
The global BV drugs market belongs to the wide spectrum of global infectious disease therapeutics market. The global infectious disease therapeutics market can be broadly divided into several sub-markets with the BV drugs market being one of them. The rising awareness about women’s health and wellness and advent of new drugs such as VivaGel BV is expected to foster the growth of the global BV drugs market.
Technavio’s healthcare and life sciences research analysts categorize the global bacterial vaginosis drugs market into the following segments by regions:
- Americas
- EMEA
- APAC
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Americas: largest bacterial vaginosis drugs market
The Americas dominated the global BV drugs market with a market share of almost 42% in 2016. The US was the largest revenue contributor, capturing a significant portion of the market. This is due to the high investment in the healthcare segment in the US. Apart from the US, Canada, Brazil, and Mexico are expected to be significant contributors in the BV drugs market.
“High prevalence rate of the indication in the female population of the region is expected to act as a driver for the BV drugs market in the region. BV is the most common type of vaginal infection affecting women aged between 15-44 years of age. BV is also highly prevalent in pregnant women. It is expected that around 15% of the pregnant women in the US suffer from BV,” says Sapna Jha, a lead analyst at Technavio for research on infectious and rare diseases.
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Bacterial vaginosis drugs market in EMEA
The growing awareness regarding women's health and established healthcare infrastructure in Europe have led demand of BV drugs market in the region. The developed economies of Europe such as the UK, Italy, Spain, Germany, and France hold the major share of the market in the region.
“The growing product approvals are expected to fuel the market growth in EMEA. For instance, VivaGel BV by Starpharma Holdings received marketing approval in the European Union for rapid relief of BV in September 2015,” adds Sapna.
Bacterial vaginosis drugs market in APAC
APAC is one of the most attractive regions for the BV drugs market. This is majorly due to the rising healthcare expenditure by the developing economies such as India and China. Also, China is one of the fastest growing pharma markets and is expected to lead the BV drugs market in the region. The growth is attributed to the investment by the government in the healthcare sector.
However, providing adequate healthcare facilities to large population residing below the poverty line is a huge challenge for these countries. Also, low awareness rate regarding the women health is a huge constraint hindering the growth of the BV drugs market in the region.
The top vendors in the global bacterial vaginosis drugs market highlighted in the report are:
- Bayer
- Pfizer
- Sanofi
- Starpharma Holdings
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