Men's Health Market Size, Share, Growth, Revenue Outlook, Demand and Market Is Expected to Reach Highest CAGR of 15.00% forecast by 2029
SYDNEY, Aug. 11, 2022 /PRNewswire/ -- Data Bridge Market Research Published Latest Global Men's Health Market Study by in-depth analysis about current scenario, the Market size, demand, growth pattern, trends, and forecast. Market research analysis and estimations from a wide ranging Men's Health Market report aids businesses in gaining knowledge about what is already there in the market, what market looks forward to, the competitive background and steps to be followed for outdoing the rivals. Effortlessness maintained in research method and application of best tools and techniques makes this market research report an outstanding. The report is bifurcated into several attributes which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again detailed in the universal Men's Health Market business report as required to describe the topic and provide maximum information for better decision making.
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.
From the name itself, it is clear that Men's Health refers to a medical procedure that involves providing therapeutics, drugs, precautionary measures against diseases and infections and surgical offerings to the male population of patients. Men's heath is concerned with improving the overall health of male population.
Opportunities for New Entrants:-
Furthermore, upsurge in the public-private funding for target research activities, high stress levels in young people and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, unhealthy lifestyle of individuals, rising internet penetration rate, ongoing product development and commercialization and increasing per capita expenditure on health care will further expand the market's growth rate in the future.
Some of the major players operating in the men's health market are:
- 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)
- AbbVie Inc. (US)
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Recent Development
In March 2021, Procter & Gamble brand, Gillette launched the first razor Gillette SkinGuard Sensitive designed especially for men with sensitive skin to the luxurious GilletteLabs Heated Razor collection.
In March 2021, Lumin, a manufacturer of men's skincare products, has introduced a skin moisturizer with SPF protection, the UV-defense moisturizing balm, which is both sustainable and free of dangerous chemicals.
In October 2021, Vedix, a customized ayurvedic beauty brand in India, announced the entry into the men's skincare category with men grooming range of products such as face wash, moisturizer, and overnight serum.
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Key Drivers: Men's Health Market
- 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.
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Market Segments:-
The men's health market is segmented on the basis of application and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Male Hypogonadism Therapy
- Prostate Cancer Therapy
- Erectile Dysfunction Therapy
- Premature Ejaculation Therapy
- Others
End user
- Hospitals
- Diagnostic Centers
- Clinics
- Others
Regional Analysis/Insights:-
The men's health market is analysed and market size insights and trends are provided by country, application and end use as referenced above.
The countries covered in the men's health market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the men's health market because of the strong base of healthcare facilities, widespread utilization of medications, increasing consciousness regarding the essence of maintaining good health and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, increasing of the incidences of osteoarthritis, infertility, and other disorders large population pool, and the growing demand for quality healthcare in the region.
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Key Pointers Covered in the Men's Health Market Industry Trends and Forecast to 2029
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Regulatory Framework and Changes
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
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