The Nocturia Market is expected to grow on an irreversible note in the next 10 years. The future scenario would be data-driven healthcare. This would, in turn, widen the potential for enhancing treatment options. With interoperability taking the centre stage, program participants could access app blueprints, data templates, and security tools. Thus, the big data cloud would turn out to be kinetic. This would result in an upswing in the healthcare vertical going forward.
The Nocturia Market is expected to grow on a substantial note in the next 10 years. Geographies all across are into the creation of clinical mobility programs, wherein there would be appropriate coordination between the patients and individuals involved in the healthcare ecosystem. They are inclusive of radiologists, lab technicians, pharmacists, physicians, nurses, and likewise.
The Nocturia Market is estimated to witness stupendous growth in the years to come. AI is already into the disruption mode regarding the healthcare vertical. Machine learning is used for displaying the relevant info about health in the mobile app. The application of AI in healthcare is better known as “Augmented Intelligence”. This would be the running trend in the healthcare vertical in the upcoming period.
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The Nocturia Market Share is expected to reach US$ 1400 Million between 2026 at a CAGR of 7.5%. Speedy development on the part of ICT does bring in new-fangled advantages like more autonomy to patients along with the promotion of interagency collaboration. As such, the ones with comorbidities and multidimensional problems would find themselves safe. This increased dependency is bound to drive the healthcare vertical going forward.
Global Nocturia Market: Forecast Highlights
According to the latest market report published by Persistence Market Research, titled “Nocturia Market: Global Industry Analysis (2012-2016) and Forecast (2017-2026),” the global nocturia market is expected to expand at a CAGR of 7.5% during the forecast period 2017–2026. In 2017, the global market was valued at around US$ 2,500 Mn and is estimated to reach a valuation higher than US$ 4.5 Bn by the end of the forecast period.
Glenmark Pharmaceuticals Inc.
Teva Pharmaceutical Industries Ltd.
AA Pharma Inc.
Avadel Pharmaceuticals plc
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Global Nocturia Market: Segmentation Forecast
The global nocturia market is segmented on the basis of indication type, drug type, distribution channel, and region.
On the basis of indication type, the market is segmented into mixed nocturia, low nocturnal bladder capacity, nocturnal polyuria, and global polyuria. The low nocturnal bladder capacity segment is estimated to be the largest with a high market value and is projected to grow at a significant CAGR throughout the period of forecast. The nocturnal polyuria segment is projected to be the fastest-growing and is expected to register a CAGR of 7.8% during the forecast period.
Based on drug type the market is segmented as anticholinergic drugs, desmopressin, antibiotics, antispasmodic, and others. The desmopressin segment is poised to dominate the global market from a market value perspective. This segment reflected a market share of 31.6% in 2017, however, it is expected to lose BPS by the end of the forecasted year.
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Based on distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, drug stores and online pharmacies. Hospital pharmacies is expected to hold major market share and registering CAGR of 8.1% in terms of value, over the forecast period owing to the increasing focus of availability. The online pharmacies segment is expected to gain high traction in the coming years and is projected to grow at a high CAGR of 8.4% during the period of forecast.
On the basis of region, the market has been segmented into North America, Latin America, Europe, Asia-Pacific, and the MEA. North America region led the nocturia market in past years and is likely to continue to dominate the overall market due to higher awareness and entry of players into the market by launching different products.
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Global Nocturia Market: Competitive Assessment
Companies are focusing on collaboration to develop new more effective products. The product type segment of nocturia will be boosted by its higher response rate and increasing research activities for R&D leading to inorganic growth.
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