By the end of 2024, it is anticipated that the insulin sensitising agents medicines class segment would hold the majority of the market share in terms of revenue contribution to the U.S Polycystic Ovarian Syndrome Treatment Market. The market is anticipated to be worth over US$ 75 million in 2017 and close to US$ 100 million by the end of 2024. Currently, type 2 diabetes and obesity are risk factors for almost 70% of people with polycystic ovarian syndrome.
As a result, the most frequently prescribed medications for the treatment of polycystic ovarian syndrome are insulin sensitising agents. Over the anticipated period, the medication class sector for insulin sensitising agents is anticipated to exhibit a market attractiveness index of 2.0.
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The market for insulin sensitising agents is anticipated to expand in revenue due to rising PCOS awareness and rising purchasing power of consumers.
- Numerous wealthy nations, including the U.S., are experiencing rising healthcare costs. This shows that individuals are becoming more interested in better treatment choices for a variety of illnesses as a result of increased health consciousness.
- This is one of the main factors influencing the rise of the medication class segment known as insulin sensitising drugs. Although the specific aetiology of polycystic ovarian syndrome is still unknown and there are no medications approved for the direct treatment of polycystic ovarian syndrome.
- its associated disorders, including obesity and insulin sensitivity, are on the rise. However, medications such insulin sensitising agents can be used to control the related problems.
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Market opportunities in the insulin sensitizing agents drug class segment
- Drugs used for polycystic ovarian syndrome are not covered in most coverage policies or health insurance. The cost of few drugs are comparatively high in the U.S. Thus, reduction in the cost of branded drugs would help in the adoption of polycystic ovarian syndrome drugs across the globe.
- Currently, only Metformin, an insulin sensitizing agent has been included in the list of reimbursed medicines. Taking into consideration the high cost of insulin sensitizing agents in various countries such as the U.S., polycystic ovarian syndrome drugs could be covered under reimbursement policies, which would help propel the growth of the insulin sensitizing agents drug class segment.
- Players in the U.S polycystic ovarian syndrome treatment market are likely to benefit through higher investment by government authorities and funding agencies for the development of new drugs for the treatment of polycystic ovarian syndrome.
- Currently, there are no drugs approved by FDA and EMA for polycystic ovarian syndrome, thus drugs manufacturers are being presented an opportunity to hold significant share in the market. In addition, the patient population of diabetes is expected to increase at a high rate due to a sedentary lifestyle. As a result, the demand for branded drugs is expected to increase significantly over the predicted period.
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