The Hematuria Treatment Market is expected to grow significantly during the forecast period.
The presence of blood in the urine is the medical condition termed as Hematuria. Kidney stones, Urinary Tract Infection (UTI), and inherited diseases are some of the causes of hematuria. The disease is a serious issue as normal urine does not contain red blood cells (RBC). According to the American Urological Association (AUA), microscopic hematuria is defined as three or more RBC’s per high-power field on the microscopic assessment of urinary residue after two to three times of urine analysis.
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Major factors such as rising frequency rate in numerous types of hematuria and increasing awareness boost the market rate. Furthermore, the rise in technology such as point-of-care drug delivery systems and focus on delivering good quality of life are some of the factors contributing to the growth of the market. However, increase in healthcare expenditure, complications in the treatment, strict rules and regulations for approvals, and the high cost of product developments are some of the restraining factors that hamper the market negatively.
Segmentation
The Hematuria Treatment Market has been segmented on the basis of type, causes, treatment, and end-user.
On the basis of type, the hematuria treatment market has been classified as gross or macroscopic hematuria, microscopic hematuria, idiopathic hematuria, and jogger’s hematuria.
On the basis of causes, the hematuria treatment market has been classified as kidney stones, urinary tract infections (UTI), urethritis, blood cancer, bladder stones, prostate cancer, cystitis, trauma, vigorous exercise, polycystic kidney disease, endometriosis, and menstruation.
On the basis of treatment, the hematuria treatment market has been classified as drugs, therapeutics, and others.
On the basis of end-user, the hematuria treatment market has been classified as hospitals, clinics, labs, and others.
On the basis of region, the hematuria treatment market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas has been further segmented into North America and South America, with the North American market divided into the US and Canada.
The European hematuria treatment market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The hematuria treatment market information in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The hematuria treatment market information in the Middle East and Africa has been segmented into the Middle East and Africa.
Regional Market Summary
Geographically, North America accounts to hold the largest market share due to the early adoption of advanced medical technologies and continuous development by companies operating in the hematuria treatment market.
The European market is likely to be the second largest owing to the increase in the prevalence of urinary tract infections (UTI) associated with women. The market growth in this region can be attributed to government funding and support from the healthcare sector coupled with increasing research and development.
The market share in the Asia-Pacific region is also projected to experience growth in the near future due to access to optimal treatment facilities, growing demand for advanced technology, better adoption rate, increasing government initiatives, and rising healthcare expenditure.
The market in the Middle East and Africa is expected to account for the smallest share of the Hematuria Treatment Market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.
Key Players
Some of the key players in the Hematuria Treatment Market are AstraZeneca Plc. Bristol-Myers Squibb, F. Hoffmann-La Roche Ltd., GlaxoSmithKline Inc., Janssen Pharmaceuticals, Inc., Merck & Co., Novartis International AG, Pfizer, Inc., Sun Pharmaceutical Industries Limited, The Medicines Company, and others.
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