Data Bridge Market Research analyses that the men’s health market is expected to undergo a CAGR of 15.00% during the forecast period. “Hospitals” dominates the end use segment of the men’s health market owing to the growing number of hospitals especially in the developing economies.
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Improving the overall quality of healthcare services is an important initiative. Providing the best of healthcare services ensures offering better management of diseases and disorders. Male population too suffers numerous problems most of which they are shy of talking about. But with the rising awareness about personal health, the market is set to grow in the future.
Key Growth Drivers:
- Rising Prevalence of Conditions
Growing incidence rate of several male conditions globally is one of the major factors fostering the growth of the market. Increasing incidence rate of hypogonadism therapy, prostate cancer therapy, erectile dysfunction therapy, premature ejaculation therapy and others is directly propelling the market growth rate.
- Research and Development Proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the advancements in medical technologies and devices is also bolstering the market growth rate.
- Growing Investment for Healthcare Facilities
Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.
The report outlines the involvement of key players, including:
Novartis AG (Switzerland), Pfizer Inc. (US), Merck & Co., Inc. (Germany), Novo Nordisk A/S (Denmark), Amgen Inc. (US), Lupin Pharmaceuticals, Inc. (India), AstraZeneca (UK), F. Hoffmann-La Roche Ltd (Switzerland), Sanofi (France), Johnson & Johnson Services, Inc. (US), GlaxoSmithKline plc (UK), Bayer AG (Germany), Bristol-Myers Squibb Company (US), Ferring B.V. (Switzerland), Abbott (US), Bausch & Lomb Incorporated (US), Vertical Pharmaceuticals, LLC (US), Veru Inc. (US), BD (US) and AbbVie Inc. (US)
Key Market Segmentation
Application (Male Hypogonadism Therapy, Prostate Cancer Therapy, Erectile Dysfunction Therapy, Premature Ejaculation Therapy and Others), End Use (Hospitals, Diagnostic Centers, Clinics and Others)
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