Preterm Birth Prevention and Management Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

Preterm Birth Prevention and Management Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

The Preterm Birth Prevention and Management market studied is anticipated to grow with a CAGR of nearly 5.4%, during the forecast period.

· Certain factors that are driving the market growth include Increasing the need for preterm birth prevention and management drugs and Growing focus on targeted therapies and standard of care.

· According to the 2018 report published by the World Health Organization, every year, an estimated 15 million babies are born preterm (before 37 completed weeks of gestation), and this number is rising. Preterm birth complications are the leading cause of death among children under 5 years of age, responsible for approximately 1 million deaths in 2015.

· Around 75% of these deaths could be prevented with current, cost-effective interventions. Across 184 countries, the rate of preterm birth ranges from 5% to 18% of babies born. Owing to the afore-mentioned factors, the market is expected to observe a steady growth over the forecast period.

Progesterone is a hormone that helps the uterus grow during pregnancy and keeps it from having contractions. Treatment with progesterone during pregnancy may help some women reduce their risk for premature birth. If one has a short cervix, treatment with vaginal progesterone gel may help prevent premature birth. If one had a spontaneous premature birth in the past and was pregnant with just one baby, 17P shots may help prevent another premature birth. Progesterone shots are a kind of progesterone called 17 alpha-hydroxyprogesterone caproate (also called 17P). The shots may help prevent premature birth.

There are two kinds of progesterone treatment. The first one is Vaginal progesterone which may help reduce the risk for premature birth if one has a short cervix and is pregnant with just one baby. Whereas Progesterone shots may help reduce the risk for premature birth if one has had a premature birth in the past and is pregnant with just one baby.

According to the latest report published by the Centers for Disease Control and Prevention (CDC), in 2018, preterm birth affected 1 of every 10 infants born in United States.

United States preterm birth rate (births at less than 37 weeks of gestation per 100 total births) rose from 9.57% to 9.85% during 2014–2016.

The increase in the total preterm birth rate largely reflects an increase among late preterm births (34–36 weeks), and among births occurring at 36 weeks. Total and late preterm birth rates rose 4% among births in singleton deliveries. Total and late preterm births also increased among multiple births during 2014–2016.

In 2018, the rate of preterm birth among African-American women (14%) was about 50 percent higher than the rate of preterm birth among white women (9%).

Hence, the rising need for preventing and managing preterm birth is expected to propel the market growth across the region.

The global Preterm Birth Prevention and Management market is competitive and consists of a few major players. Companies like AbbVie Inc., Allergan, AMAG Pharmaceuticals, Bayer AG, Ferring B.V., Merck & Co. Inc., Mylan N.V., Pfizer Inc., Teva Pharmaceutical Industries Ltd., among others, hold the substantial market share in the market.

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