The Premenstrual syndrome or PMS denotes to the physical & emotional symptoms, which transpire one to two weeks before the commencement of woman’s menses. It is categorized by the symptoms such as acne, tender breasts, mood swings, bloating, fatigue, and cantankerousness. Lifestyle moves are predicted to support the relieve PMS symptoms. However, based on the sternness of symptoms, dissimilar forms of drugs such as analgesics, antidepressants, and diuretics are utilized.
According to the report analysis, ‘Premenstrual Syndrome Treatment Market by Drug Type (Analgesics, Antidepressants, Oral Contraceptives & Ovarian Suppression Agents, and Others), Type (Prescription and OTC), and Distribution Channel (Hospital Pharmacy, Drug Store & Retail Pharmacy, Online Providers): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the premenstrual syndrome treatment market there are several corporates which presently operating more effectively for leading the fastest market growth and registering the handsome value of market share around the globe while spreading the awareness related to the premenstrual syndrome treatment, advancing the applications of the technology, decreasing the linked price, delivering the better consumer satisfaction, implementing the profitable strategies and analyzing the strategies of the competitors includes ABBVIE INC., AstraZeneca plc., BASF Corporation, Bayer AG, Dr. Reddy’s Laboratories Ltd, Eli Lilly And Company, GlaxoSmithKline Plc., H. Lundbeck A/S, Pfizer Inc., and Shionogi Inc. and several others.
The worldwide premenstrual syndrome treatment market was worth at USD 1,129 million in 2018, and is projected to reach USD 1,516 million by 2026, dominating a CAGR of 3.7% from 2019 to 2026.
Whereas, the premenstrual syndrome treatment market is projected to witness a significant growth throughout the forecast period, due to massive augment in the awareness amongst patients, higher amount of target populace, rise in requirement for PMS drugs, and easy accessibility of drugs. In addition, campaigns from the government and non-government organizations to upraise female health status and education assists the market growth. However, indefinite etiology and pathophysiology of PMS is anticipated to restrict the market growth.
Although, dependent to distribution channel, the premenstrual syndrome treatment is categorized into hospital pharmacies, drug stores & retail pharmacies, and online merchants. The online providers sector is predicted to depict significant growth throughout the forecast period, owing to rise in preference for online buying of drugs over traditional methods, augment in awareness of online providers, and growth in number of internet users.
Furthermore, the Asia-Pacific presents worthwhile opportunities for the foremost players operating in the premenstrual syndrome treatment market, due to the growth in consciousness regarding premenstrual syndrome treatment, growth in healthcare awareness, and speedy increase in implementation of the premenstrual syndrome treatment products. Moreover, advancement in the healthcare infrastructure, growth in number of target population, augment in healthcare reforms, and technological advancements in the field of healthcare further underwrite to the market growth. Some other aspects such as augment in focus of leading manufacturers on enlarging their geographic existence in emerging Asia-Pacific regions to capture high growth opportunities in the market, owing to high populace base is expected to influence the growth of premenstrual syndrome treatment market in this economy. Therefore, in the near years, it is anticipated that the market of premenstrual syndrome treatment will increase around the globe more progressively over the coming future.
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Ankur Gupta, Head Marketing & Communications